204 Hollister, Capitola, California 95010, Capitola, 95010 - 1 bed, 1 bath
ACTIVE$990,000
204 Hollister, Capitola, California 95010
1Bed
1Bath
1,200Sqft
2,100Lot
Price Vs. Estimate
The estimated value ($854,828.17) is $135,171.83 (13%) lower than the list price ($990,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Coastal Location: Located in highly desirable Capitola, specifically on Depot Hill, offering significant intrinsic land value and lifestyle appeal with proximity to beaches and Capitola Village.
Top Cons:
Extensive Demolition & Reconstruction Required: The property is explicitly a 'tear down including the foundation,' necessitating complete demolition and new construction, incurring substantial initial costs.
Compared to the nearby listings
Price:$990.0K vs avg $1.70M ($-710,000)8%
Size:1,200 sqft vs avg 1,571.5 sqft27%
Price/sqft:$825 vs avg $1.1K23%
More Insights
Built in 1938 (87 years old).
Condition: The MLS description explicitly states, 'The property is a tear down including the foundation.' It also notes that utilities (water, gas, electric, and sewer) will need new meters and lines, and that the cottage encroaches on a neighbor's property, implying demolition is necessary before rebuilding. The year built (1938) is well over 50 years ago, and there's no indication of major renovations. The images show an old, unmaintained exterior, consistent with a property requiring demolition.
Year Built
1938
Close
-
List price
$990K
Original List price
$990K
Price/Sqft
$825
HOA
-
Days on market
-
Sold On
-
MLS number
ML82001442
Home ConditionTear down
Features
View-
About this home
Seller Financing Available. The property is a tear down including the foundation. A buyer should assume that the utilities (including water, gas and electric, and sewer) will need new meters and new lines. The cottage encroaches onto the back neighbors property. After the cottage is demolished, the back neighbor will have the right to move his fence along the true property line (which is approximately 5 feet of the existing yard). The City of Capitola has issued rebuilding guideline subject to Coastal Commission approval. This is a project for someone who wants a getaway cottage on Depot Hill. Property next door at 202 Hollister will be sold separately.
Nearby schools
6/10
Branciforte Middle School
Public,•6-8•3.5mi
6/10
Mission Hill Middle School
Public,•6-8•4.9mi
7/10
Soquel High School
Public,•9-12•1.4mi
7/10
Harbor High School
Public,•9-12•2.7mi
8/10
Santa Cruz High School
Public,•9-12•4.8mi
Condition Rating
Tear down
The MLS description explicitly states, 'The property is a tear down including the foundation.' It also notes that utilities (water, gas, electric, and sewer) will need new meters and lines, and that the cottage encroaches on a neighbor's property, implying demolition is necessary before rebuilding. The year built (1938) is well over 50 years ago, and there's no indication of major renovations. The images show an old, unmaintained exterior, consistent with a property requiring demolition.
Pros & Cons
Pros
Prime Coastal Location: Located in highly desirable Capitola, specifically on Depot Hill, offering significant intrinsic land value and lifestyle appeal with proximity to beaches and Capitola Village.
Development Opportunity: Presents a rare chance to build a custom new home or 'getaway cottage' tailored to specific preferences in a sought-after coastal community.
Seller Financing Available: Offers a flexible financing option for potential buyers, which can be a significant advantage in facilitating the purchase of a project property.
Exclusive Neighborhood: Depot Hill is known for its desirable properties and provides an attractive setting for a high-value custom build.
Long-Term Investment Potential: Given the scarcity of buildable land in prime coastal areas, this property offers strong appreciation potential once developed into a new residence.
Cons
Extensive Demolition & Reconstruction Required: The property is explicitly a 'tear down including the foundation,' necessitating complete demolition and new construction, incurring substantial initial costs.
Significant Utility & Infrastructure Upgrades: A buyer should assume that all utilities (water, gas, electric, sewer) will require new meters and lines, adding considerable expense and project complexity.
Property Line Encroachment & Reduced Usable Lot: The existing cottage encroaches onto the neighbor's property, and the neighbor has the right to reclaim approximately 5 feet of the existing yard, reducing the effective usable lot size and potentially creating boundary disputes.