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: GOOD
3Beds
2Baths
1,468Sq Ft
2,134Lot Size
Property Price
LIST PRICE$1,199,995
EST. MARKET VALUE
$1,237,531
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $1,249,000—positioned well below the $1,291,924 Fair Market Value by 3%. This valuation gap provides $42,924 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes modern quartz countertops, new hardwood floors, and a reverse floor plan with expansive decks offering greenbelt views. This coastal property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready lifestyle near the Santa Cruz Boardwalk.
Estimated Market Value
$1,237,531+$37,536 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 3 bd · 2 ba · 1,468 sqft · $843 | $1,199,995* List Price | 3 | 2 | 1,468 | $843 | - |
A 212 Cedar Street Active Under Contract 3 bd · 2 ba · 1,175 sqft · $935 · 0.6 mi | $1,099,000 List Price | 3 | 2 | 1,175 | $935 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1976, the property has undergone significant recent renovations including new hardwood flooring, quartz countertops, and updated lighting and plumbing fixtures. The kitchen and bathrooms have been refreshed, and the addition of French drains and fresh paint indicates a well-maintained, move-in ready home.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the desirable Lower Ocean neighborhood, this home offers exceptional walkability to Seabright Beach, the Santa Cruz Beach Boardwalk, and downtown amenities.
- Turn-Key Modern Updates
The property features significant recent improvements, including quartz countertops, new hardwood flooring, and fresh interior/exterior paint, providing a move-in-ready experience for buyers.
- Optimized Living Layout
The reverse floor plan with vaulted ceilings and expansive decks maximizes natural light and captures iconic views of the Boardwalk and surrounding greenbelt.
CONSRISKS & DEFICIENCIES
- Minimal Lot Size
With a lot size of just 2,134 square feet, the property offers very limited private outdoor space, which may deter buyers seeking a traditional backyard or garden.
- Market Positioning
A recent price reduction after 32 days on the market suggests the property is still adjusting to find its value floor relative to current buyer demand.
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. Newer hardwood floors, and quarts countertops, outside has been updated with French drains, and low maintenance landscaping. Enjoy views of the Santa Cruz Beach Boardwalk from the upper deck and peaceful greenbelt views from the downstairs bedrooms. 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. Just minutes from Seabright Beach, the Beach Boardwalk, Ocean View Park, local markets, downtown Santa Cruz, and more
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 | 2.2 |
| Square foot | 1,468 | 1,703.516 |
| Lot Size | 2,134 | 6,974.558 |
| Price | $1.20M | $1.64M |
| Price per sq ft | $817 | $944 |
| Built year | 1976 | 1972 |
| HOA | $0 | $984 |
| Days on market | 65 | 43 |
Pricing History
Listed for Sale
Oct 12, 2026
$1,199,995
$1,249,000
-4% Price Drop
Initial Listing
Price Change
Sep 8, 2026
$1,249,000
$1,295,000
-4% Price Drop
Initial Listing
Price Change
Aug 20, 2026
$1,295,000
Initial Listing
Sold
Jun 25, 2024
$1,240,000
Public Record