, Capitola, California 95010, Capitola, 95010 - 4 bed, 2 bath
ACTIVE UNDER CONTRACT$1,395,000
, Capitola, California 95010
4Beds
2Baths
1,487Sqft
2,352Lot
Price Vs. Estimate
The estimated value ($1,395,000) is $0 (0%) lower than the list price ($1,395,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Coastal Proximity: Located less than 800 feet from Monterey Bay, this property offers unparalleled access to the beach lifestyle and high desirability in Capitola.
Top Cons:
Limited Lot Size: The 2,352 sqft lot is relatively small, especially for a duplex, potentially limiting outdoor living space or future expansion possibilities.
Compared to the nearby listings
Price:$1.40M vs avg $1.70M ($-305,000)23%
Size:1,487 sqft vs avg 1,571.5 sqft38%
Price/sqft:$938 vs avg $1.1K31%
More Insights
This property has been on the market for 67 days.
Built in 1963 (62 years old).
Condition: This property is a duplex, and the listing explicitly states that the 3-bedroom, 1-bath side has been extensively remodeled with new stainless steel appliances, new flooring, fresh paint, and a bathroom update. Images confirm this unit features modern white shaker cabinets, granite/quartz countertops, LVP flooring, new carpet, and a fully updated bathroom with contemporary fixtures. This unit is in excellent, move-in ready condition. However, the images for the 1-bedroom, 1-bath unit show an older, dated kitchen with white appliances, older cabinets, and linoleum flooring, indicating it has not undergone a similar renovation. While functional, this unit would require significant updates to match the quality of the other side. Given that one unit is in excellent condition and the property is described as 'move-in ready,' the overall condition leans towards 'Good' rather than 'Fair,' as a substantial portion of the property is modern and requires no immediate renovation, even though the entire property has not been fully renovated.
Year Built
1963
Close
-
List price
$1.4M
Original List price
$1.59M
Price/Sqft
$938
HOA
-
Days on market
67 Days
Sold On
2022-07-25
MLS number
ML81892501
Home ConditionGood
Features
Patio
View-
About this home
Beautiful Capitola Jewel Box duplex located less than 800 feet from the front door to the Monterey Bay (as the crow flies)! Incredible opportunity to own a property that is on the market for the first time in 44 years! Live in one side and rent the other, live in both sides, rent both sides or change the home to suit your needs - this home has endless possibilities. Situated on a corner lot with off-street parking, has lots of natural light, and is adjacent to Jade Street Park. One side is a 3 bedroom, 1 bath, and the other side is a 1 bedroom, 1 bath. The exterior has been freshly painted, the landscaping has been updated and the 3 bedroom, 1 bath side has been remodeled with new stainless steel appliances, new flooring, fresh paint, and a bathroom update. Move-in ready - bring your bed, barbecue, beach clothes, and start living the Capitola dream!
Condition Rating
Good
This property is a duplex, and the listing explicitly states that the 3-bedroom, 1-bath side has been extensively remodeled with new stainless steel appliances, new flooring, fresh paint, and a bathroom update. Images confirm this unit features modern white shaker cabinets, granite/quartz countertops, LVP flooring, new carpet, and a fully updated bathroom with contemporary fixtures. This unit is in excellent, move-in ready condition. However, the images for the 1-bedroom, 1-bath unit show an older, dated kitchen with white appliances, older cabinets, and linoleum flooring, indicating it has not undergone a similar renovation. While functional, this unit would require significant updates to match the quality of the other side. Given that one unit is in excellent condition and the property is described as 'move-in ready,' the overall condition leans towards 'Good' rather than 'Fair,' as a substantial portion of the property is modern and requires no immediate renovation, even though the entire property has not been fully renovated.
Pros & Cons
Pros
Exceptional Coastal Proximity: Located less than 800 feet from Monterey Bay, this property offers unparalleled access to the beach lifestyle and high desirability in Capitola.
Versatile Duplex Configuration: As a duplex (3-bed/1-bath and 1-bed/1-bath), it provides significant flexibility for owner-occupancy with rental income, multi-generational living, or full investment potential.
Recent Key Renovations: The exterior has been freshly painted, landscaping updated, and the 3-bedroom unit remodeled with new stainless steel appliances, flooring, and bathroom updates, ensuring move-in readiness.
Desirable Corner Lot Features: Situated on a corner lot, the property benefits from abundant natural light and includes valuable off-street parking.
Rare Market Opportunity: This property is on the market for the first time in 44 years, indicating a highly sought-after and tightly held asset in a prime location.
Cons
Limited Lot Size: The 2,352 sqft lot is relatively small, especially for a duplex, potentially limiting outdoor living space or future expansion possibilities.
Age of Original Structure: Built in 1963, the property's underlying systems (e.g., plumbing, electrical) may be original and could require future maintenance or upgrades beyond the recent cosmetic renovations.
Recent Price Adjustment: The property experienced a significant price reduction from its original list price ($1.595M to $1.395M), which could suggest initial overpricing or market resistance.