156 Elm Street, Watsonville, California 95076, Watsonville, 95076 - 3 bed, 1 bath
Loading property details...
156 Elm Street
Watsonville, California 95076
ACTIVE
CONDITION: POOR
3Beds
1Baths
1,204Sq Ft
6,578Lot Size
Property Price
LIST PRICE$549,000
EST. MARKET VALUE
$560,283
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $549,000—positioned well below the $560,283 Fair Market Value by 2%. This valuation gap offers $11,283 in Instant Equity for buyers. Featuring a 6,578sqft lot with alley access, the home is in Fair Condition and requires a full rehab. Its central location near downtown and local colleges provides strong rental demand. This is an ideal value-add asset for Fix-and-Flip Investors or Contractors seeking development potential.
Estimated Market Value
$560,283
Based on Realkey algorithm analyzing recent comparable sales in Watsonville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 156 Elm Street Subject | $549,000* List Price | 3 | 1 | 1,204 | $465 | - |
A 450 Beck Street Sold | $539,000 | 3 | 2 | 1,242 | $434 | 0.5 mi |
B 768 Lake Village Drive Sold | $680,000 | 3 | 2 | 1,260 | $540 | 0.9 mi |
C 560 Cedar Drive Sold | $445,000 | 2 | 2 | 1,054 | $422 | 0.9 mi |
D 410 Spruce Circle Sold | $495,000 | 2 | 2 | 1,038 | $477 | 0.9 mi |
E 8 Carita Court Sold | $489,000 | 2 | 1 | 827 | $591 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1920 with no evidence of recent renovations, this property shows significant deferred maintenance. The bathroom is highly outdated, the exterior siding and paint are failing, and the listing explicitly states the home is in need of repairs and updates, indicating a need for a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Development Potential
The spacious 6,578 sqft lot includes rear alley access, offering a significant opportunity for an ADU or further development subject to city approval.
- Prime Central Location
Situated near downtown Watsonville, the property provides excellent walkability to local shops, restaurants, the high school, and Cabrillo College.
- Investment Value
Priced competitively at $549,000, this property serves as an ideal entry point for investors or buyers looking to build equity through a renovation project.
CONSRISKS & DEFICIENCIES
- Extensive Repairs Required
The home is in need of significant updates and repairs, which will require a substantial additional budget for the buyer post-acquisition.
- Dated Configuration
Built in 1920, the property features a 3-bedroom layout with only one bathroom, which may not meet the functional needs of modern families without remodeling.
About 156 Elm Street
Watsonville Opportunity Near Downtown! Located in a convenient setting, this 3-bedroom, 1-bathroom property offers a spacious lot of 6,578sqft and plenty of potential. Enjoy easy access to main street with nearby shops, restaurants, the high school and college, with the police department just down the street. The property also benefits from alley access behind the lot, creating potential for possible development or an ADU, subject to city approval. The home is in need of repairs and updates, with its central location, spacious lot, and potential, this property is a great opportunity for those looking to own and invest in Watsonville.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 6,578 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 | 2.4 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,204 | 1,198.231 |
| Lot Size | 6,578 | 6,133.615 |
| Price | $549.0K | $816.1K |
| Price per sq ft | $456 | $618 |
| Built year | 1920 | 1966 |
| HOA | $0 | $320 |
| Days on market | 15 | 57 |
Pricing History
Listed for Sale
Aug 25, 2026
$549,000
Initial Listing