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985 Monte Dr
Score
73
Santa Barbara, CA

985 Monte Dr

4.5M
3 bd • 3 ba • 3,216 sf

This analysis was generated on 3/30/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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Property Overview

List Price
$4,495,000
+0%vs 93110
Price/Sq.Ft
$1,398
+24%vs 93110
Within Fair Range
within range

Current Price

$4,495,000

Fair Range

$4,400,000 - $4,600,000

$4,495,000
Below Market-20%
Above Market+20%

Negotiation Leverage

4 points to consider in your offer

Recommended Offer

$4,450,000
Success Probability:High(75%)

AI Rationale

The offer reflects needed renovations and market dynamics. The seller's potential motivation due to market transition supports this strategy.

Overall Score
73
78
Home Condition
79
Natural Light
70
Value
72
Location

Visual Insights

AI-analyzed spaces with reimagining capabilities

Renovation Assessment

Prioritized renovations based on property inspection and market impact.

High Priority Renovations

$0

No required renovations identified

Note: these are rough estimates. For more accurate estimates, please contact a professional.

Ownership History

Previous ownership changes and transaction details

Nov
2024
$0Cash Purchase
November 13, 2024
From:John N Hunter Jr, Hunter Family 1997 Trust
To:John N Hunter Jr, Elizabeth Kerrigan
Intrafamily Transfer
Non-Arm's Length Transactions

Pricing History

Historical pricing trends for this property

Monthly Costs

Interactive breakdown of estimated monthly expenses

Monthly Cost
$0123456789012345678901234567890123456789
$4,495,000
-30%List: $4,495,000+30%
20%
$899,000of $4,495,000
7%
1%15%
* Estimates based on a 30-year fixed mortgage. Property tax rate: 1.2%, Home insurance: $1,000/year

Upfront Transaction Costs

Estimated costs due at closing, including down payment and fees

Total Due at Closing
$1,194,322
Closing Costs
+$295,322
Down Payment
$899,000
Buyer Agent Fee
$114,622
Loan Fees
$35,960
Title & Escrow
$26,970
Inspections
$900
Transfer Tax
$49,445
Prepaid Expenses
$67,425

* Estimated costs based on typical rates. Actual costs may vary by location, lender, and transaction details.

** Buyer agent fees are negotiable and may sometimes be covered by the seller.

Buyer Power Index

5
/10
Limited Buyer Power
Market Speed
0 days
vs 32 day average
This is a new listing, while homes in this area typically sell in 32 days
Inventory Health
29
homes for sale
5 homes sold last month, indicating 5.8x more supply than demand
Price Dynamics
97.6%
of asking price
Homes typically sell for 2.4% below asking price

Price Trajectory

$1,817,500
Current median price
+166.6%
Year over year
Cooling
Heating
Market favors buyers
Market favors sellers
Market Is stable
Prices are up 1.0% over the last 3 months
3 Months
+1.0%
6 Months
+4.9%
1 Year
+166.6%

Historical Market Pulse

Key metrics over time, revealing market momentum and patterns

Negotiation Insight

Home sales decreasing 35.3% over the past 3 months suggests growing buyer leverage.

Historical Comparison
Current Value
$1,817,500
3 Months Ago
$1,055,000
+72.3%

Schools

Details about nearby schools in this area

Climate Risks

Assessment of climate-related hazards for this property

Major Risk Profile

This property has 0 severe, 1 major, and 2 moderate risk factors

Climate risk data is based on historical patterns and projections. Consider consulting with insurance providers and local experts for property-specific assessments.

Safety Analysis

65/100
Good

Based on data from Goleta Police Department

Total Crime Rate
729.5
per 100,000 residents
Violent Crime Rate
219.5
per 100,000 residents
Property Crime Rate
503.0
per 100,000 residents

Crime Rate Comparison

Recent Crime Trends

2022
Violent Crimes
225
Property Crimes
545
2023
Violent Crimes
214
4.9%
Property Crimes
475
12.8%

Sunlight Analysis

Data provided by Shadowmap

Loading sunlight data...

Tour Checklist

Key items to inspect during your property tour

Inspect the wraparound deck thoroughly, paying close attention to the condition of the wood, railings, and support beams. Look for signs of rot, water damage, or insect infestation.

Check the foundation for cracks, especially around the perimeter and in the basement (if accessible). Look for signs of water intrusion, such as efflorescence or dampness.

Questions to Ask

Important questions to ask during the tour

Has the property ever experienced any flooding or water damage, and if so, what measures were taken to remediate the issue?

What is the current annual cost of homeowner's insurance, and does it include coverage for flood and fire damage?

Showing critical items first. Click any item to see why it's important. Red icons indicate highest priority items that should not be missed.

Property Discussion

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