1510 Thompson Avenue, Santa Cruz, California 95062, Santa Cruz, 95062 - 2 bed, 2 bath
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Santa Cruz, California 95062
This Turnkey Coastal Residence is a Strong Value Opportunity, listed at $1,250,000—positioned well below the $1,339,844 Fair Market Value by 6%. This valuation gap offers $89,844 in Instant Equity for the buyer. Featuring a fully remodeled kitchen, updated bathrooms, and a rare 8,712 sqft lot, the home maintains a Mint Condition Rating. With a primary suite kitchenette and two bonus flex spaces, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking flexible, move-in-ready coastal living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1510 Thompson Avenue Subject | $1,250,000* List Price | 2 | 2 | 1,209 | $1,108 | - |
A 1465 Dougmar Drive Sold | $1,398,000 | 3 | 2 | 1,163 | $1,202 | 0.9 mi |
B 3239 Churnside Lane Sold | $1,350,000 | 3 | 2 | 1,433 | $942 | 0.5 mi |
C 1415 Chanticleer Avenue Sold | $1,530,000 | 3 | 2 | 1,476 | $1,037 | 0.6 mi |
D 1920 Koopmans Avenue Sold | $1,535,000 | 3 | 2 | 1,646 | $933 | 1.0 mi |
E 2304 Mattison Lane Sold | $1,375,000 | 3 | 2 | 1,355 | $1,015 | 0.6 mi |
F 1921 16th Avenue Active | $1,380,000 List Price | 3 | 2 | 1,435 | $962 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1950, the property has undergone recent extensive renovations including a fully remodeled kitchen, updated bathrooms, freshly refinished floors, and new interior/exterior paint, placing it in mint, move-in-ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1209.
The property features a primary suite with a kitchenette plus two additional bonus flex spaces with private entrances, offering rare potential for multigenerational living, a home studio, or rental income.
The home is move-in ready following extensive updates, including a fully remodeled kitchen, updated bathrooms, refinished flooring, and fresh interior and exterior paint.
Despite the flexible bonus spaces, the official two-bedroom configuration may limit appeal for larger families or buyers requiring a more conventional floor plan.
At a list price of $1.25M for 1,209 square feet, the property commands a premium price point that may be challenging for buyers focused on interior living volume.
Ideally located with easy access to Highway 1, Capitola Village, grocery stores, boutiques, sandy beaches, and everyday conveniences, this beautifully updated Santa Cruz home offers the best of coastal living with rare flexibility. Set on a huge lot with multiple outdoor living spaces, the property is designed for relaxing, entertaining, gardening, and enjoying the Santa Cruz lifestyle. An outdoor shower adds the perfect touch after a day at the beach, on the trails, or in the garden. Inside, recent updates include freshly refinished floors, new interior and exterior paint, updated bathrooms, and a fully remodeled kitchen. The spacious primary en suite features a convenient kitchenette, offering added flexibility for multigenerational living, extended stays, or private guest accommodations. Two additional bonus flex spaces, each with its own entrance, create even more possibilities for guests, remote work, creative studios, or potential rental income. One flex space also includes access to laundry. Just moments from hiking and mountain biking trails, beaches, shopping, dining, and major commute routes, this move-in-ready home combines thoughtful updates, flexible living spaces, a rare oversized lot, and an exceptional Santa Cruz location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,209 | 1,641 |
| Lot Size | 8,712 | 6,229 |
| Price | $1.25M | $1.57M |
| Price per sq ft | $1.0K | $939 |
| Built year | 1950 | 1978 |
| HOA | $0 | $288 |
| Days on market | 15 | 37 |
Jul 8, 2026
$1,250,000
Initial Listing
Aug 16, 2002
$449,000
Public Record
Mar 26, 2001
$400,000
Public Record