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451 Lost Valley
Boulder Creek, CA

451 Lost Valley

$370,000
2 bd • 2 ba • 2,158 sf

This analysis was generated by artificial intelligence on 1/18/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$370,000

Price/Sq.Ft

$171

Year Built

1960

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This off-grid 3-bedroom, 2-bath home in Boulder Creek offers exceptional value at $171.46/sqft, which is significantly below the area average of $450-$500/sqft. With 2,158 sqft, it's 30% larger than the typical Boulder Creek home (1,500-1,700 sqft). The property features dual-pane windows for energy efficiency, and its location near Bear Creek Rd provides a balance of tranquility and convenience for commuters. The detached barn with an apartment above adds significant value, offering potential rental income of $2,000-$2,500/month based on local rates for similar units. The flat, usable yard is a rarity in this mountainous area, providing space for gardening or outdoor living. The home's off-grid capabilities make it resilient to the frequent power outages in the area, a significant advantage given Boulder Creek's infrastructure challenges.

The Bad

While listed as a 3-bedroom home, the property details only mention 2 bedrooms, which needs clarification. The removal of solar panels by previous owners means a significant investment ($15,000-$25,000) is needed to restore full off-grid functionality. The home's age (built in 1960) suggests potential for outdated systems and the need for modernization. The reliance on propane for utilities may lead to higher ongoing costs compared to homes with natural gas. The property's location in a high-fire-risk area could result in expensive insurance premiums, potentially through the California FAIR Plan, which often costs 2-3 times more than standard insurance.

The Ugly

The off-grid nature of the home, while advantageous during power outages, presents significant challenges. Reliable internet access, crucial for remote work, is problematic in Boulder Creek, with frequent outages. The area's susceptibility to natural events, particularly wildfires, poses a constant risk. The fire insurance situation in Boulder Creek is dire, with many insurers refusing coverage, forcing homeowners into the expensive California FAIR Plan. The remote location and winding roads can make commutes treacherous, especially during winter, potentially requiring a 4-wheel drive vehicle. The dense redwood forests may limit sun exposure, affecting solar power generation and potentially leading to moisture-related issues.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for buyers seeking a self-sufficient lifestyle with a household income of $100,000+ to manage the unique costs associated with off-grid living. It's perfect for remote workers or retirees who value privacy and are prepared for the challenges of rural living. The additional apartment makes it suitable for multi-generational families or those looking for rental income to offset costs. Nature enthusiasts and those seeking to escape urban life will appreciate the surrounding redwood forests and proximity to outdoor adventures. The property would also appeal to DIY enthusiasts willing to invest in solar installation and ongoing property maintenance.

Not For

This property is not suitable for those seeking a turnkey, low-maintenance home. Buyers requiring consistent, high-speed internet for work would struggle with the unreliable connectivity. Families with young children might find the location too remote, given the distance to schools (nearest elementary is 2.5 miles away). The fire risk and insurance challenges make it unsuitable for risk-averse buyers or those on a tight budget. Commuters who need to travel daily to Silicon Valley or San Jose (30+ miles away) may find the location impractical.
Demographics
Area Median Income

$120,243

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Risk Assessment

Risk Analysis

The high fire risk is the most significant concern, potentially leading to evacuation orders and property damage. Insurance costs could escalate, with annual premiums potentially reaching $3,000-$5,000 through the California FAIR Plan. Power outages are frequent, and while the off-grid capabilities help, the lack of solar panels currently leaves the home vulnerable. The remote location poses challenges for emergency services access. The home's age (63 years) suggests potential for major system failures, including plumbing, electrical, and roofing, with replacement costs potentially exceeding $50,000. The reliance on propane and the need for a generator or battery backup system could add $1,000-$2,000 annually to living costs. Climate change may exacerbate wildfire risks and impact the local ecosystem, potentially affecting the property's long-term value.
Insurance
Annual Cost

$1,332

$111 per month

Financials

Monthly Costs
Market Rent (2 bed)

$3,293

Price History

Location & Comparables

Subject Property
Comparable Sales
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Frequently Asked Questions

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