118 Jessie Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 2 bath
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118 Jessie Street
Santa Cruz, California 95060
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,468Sq Ft
2,134Lot Size
Property Price
LIST PRICE$1,295,000
EST. MARKET VALUE
$1,367,820
5% BelowMARKET VALUE
SUMMARY
This Turnkey Coastal Residence is a Strong Value Opportunity, listed at $1,295,000—positioned well below the $1,367,820 Fair Market Value by 5%. This valuation gap offers $72,820 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home includes a refreshed quartz kitchen, new hardwood flooring, and elevated decks with greenbelt and boardwalk views. This property is an ideal acquisition for Owner-Occupants seeking a coastal lifestyle or sophisticated buyers prioritizing move-in readiness.
Estimated Market Value
$1,367,820+$72,820 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Cruz.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 118 Jessie Street Subject | $1,295,000* List Price | 3 | 2 | 1,468 | $932 | - |
A 10 Mary Case Lane Sold | $1,200,000 | 3 | 3 | 1,262 | $951 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1976, the property has undergone a comprehensive recent renovation (likely <5 years) including a refreshed kitchen with quartz countertops and new appliances, new hardwood flooring, updated lighting and plumbing fixtures, and fresh interior/exterior paint, placing it in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the desirable Lower Ocean neighborhood, the home offers exceptional proximity to Seabright Beach, the Santa Cruz Beach Boardwalk, and downtown amenities, making it ideal for a coastal lifestyle.
- Turnkey Interior Updates
The property features significant recent improvements, including a refreshed kitchen with quartz countertops, new hardwood flooring, and updated fixtures, providing a modern, move-in-ready experience.
- Architectural Appeal and Views
The reverse floor plan with vaulted ceilings and large sliding glass doors maximizes natural light and offers unique views of the Santa Cruz Beach Boardwalk and surrounding greenbelt from the upper decks.
CONSRISKS & DEFICIENCIES
- Minimal Lot Size
With a lot size of just 2,134 square feet, the property offers very limited private outdoor yard space, which may not appeal to buyers seeking significant garden or play areas.
- Reverse Layout Utility
The configuration of placing the main living areas and primary suite on the upper level requires frequent use of stairs, which may be a drawback for buyers with mobility concerns or those preferring traditional layouts.
About 118 Jessie Street
Welcome to coastal living in Santa Cruz! Located in the desirable Lower Ocean neighborhood, this inviting home offers thoughtful design, updated finishes, and easy access to beaches, parks, restaurants, and downtown. The reverse floor plan makes the most of the homes setting, with two bedrooms and a full bath on the lower level, while the primary suite, kitchen, and main living spaces are upstairs. Vaulted ceilings and large sliding glass doors fill the upper level with natural light and open to the decks, creating an effortless connection between indoor and outdoor living. Enjoy views of the Santa Cruz Beach Boardwalk from the upper deck and peaceful greenbelt views from the downstairs bedrooms. The refreshed kitchen features quartz countertops, upgraded matching appliances, and coordinated finishes. Recent improvements include new hardwood flooring, a new garage door, updated lighting and plumbing fixtures, and fresh interior and exterior paint. Just minutes from Seabright Beach, the Beach Boardwalk, Ocean View Park, local markets, downtown Santa Cruz, and more, 118 Jessie St offers the perfect blend of coastal charm, comfort, and convenience.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 2,134 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,468 | 1,697.986 |
| Lot Size | 2,134 | 6,864.608 |
| Price | $1.29M | $1.63M |
| Price per sq ft | $882 | $940 |
| Built year | 1976 | 1973 |
| HOA | $0 | $352 |
| Days on market | 20 | 38 |
Pricing History
Listed for Sale
Aug 20, 2026
$1,295,000
Initial Listing
Sold
Jun 25, 2024
$1,240,000
Public Record