Actually, for $3000/month, it should have no problem renting out. There are plenty of homes same size in a lesser area of CV that rents for $3500/month. So I’m not sure why it wouldn’t rent out for $3000/month, especially given its location.
The person didn’t overpay in 2011. Bridge Ridge is slightly above Carriage Run and probably on par with Saratoga, and there are plenty of Carriage Run homes that sold around $1mill and plenty of Saratoga homes that sold at $1.1 or higher.
At $1.375, might be tougher to sell, but I think it would move easily around 1.2-1.25 maybe higher. It has access to either Sage Canyon of Ocean Air, and folks tend to be willing to pay a premium for that.
Same sqft in I believe Saratoga, better location larger yard…