207 Wavecrest Avenue, California, Santa Cruz, 95060 - 3 bed, 3 bath
207 Wavecrest Avenue
California
Property Price
SUMMARY
Analysis of 207 Wavecrest Avenue, California reveals a Fairly Priced Property with a current list price of $1,825,000 aligned with the estimated $1,825,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the California Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 207 Wavecrest Avenue Subject | $1,825,000* List Price | 3 | 3 | 2,035 | $897 | - |
A 216 Alamo Avenue Sold | $1,350,000 | 3 | 2 | 1,485 | $909 | 0.1 mi |
B 1545 Escalona Drive Sold | $2,135,000 | 3 | 3 | 2,275 | $938 | 0.4 mi |
C 626 Laurent Street Sold | $2,100,000 | 4 | 3 | 2,227 | $943 | 0.9 mi |
D 209 Calvin Place Sold | $1,500,000 | 3 | 2 | 1,459 | $1,028 | 0.6 mi |
E 109 Cardiff Place Sold | $1,550,000 | 4 | 3 | 1,980 | $783 | 0.9 mi |
F 239 Segre Place Sold | $1,875,000 | 4 | 3 | 2,048 | $916 | 0.6 mi |
G 421 Oxford Way Pending | $2,025,000 List Price | 4 | 2 | 1,901 | $1,065 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1977, the property is described as 'fully updated custom' with a kitchen featuring modern 'stainless steel appliances, quartz counters, and shaker style cabinets,' and 'nicely appointed bathrooms.' These details strongly suggest a recent, high-quality renovation that brings the home to current standards, aligning with the 'Excellent' condition criteria for properties extensively renovated recently with virtually new components. The provided image, while only an exterior view, shows a well-maintained deck, consistent with a recently updated property.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Ocean Views
The property boasts stunning ocean views from every room, including a huge full ocean view deck, significantly enhancing its appeal and value.
- Prime Coastal Location
Situated on a quiet cul-de-sac in Santa Cruz, the home offers excellent proximity to UCSC, Wilder State Park, world-class surf, downtown amenities, and new restaurants.
- Extensively Updated Interior
This custom home features a fully updated interior, including a modern kitchen with stainless steel appliances, quartz counters, and shaker-style cabinets, providing a move-in ready experience.
CONSRISKS & DEFICIENCIES
- Extended Time on Market
The property has been on the market since May 2022, which may indicate potential challenges with pricing, market perception, or underlying issues not immediately apparent.
- Unpermitted/Unaccounted Bonus Space
The 360 sq ft bonus room is explicitly stated as 'not included in sq ft,' which could pose challenges for appraisal, financing, or future permitting, despite its functional utility.
- Original Build Year & Potential Systems
While extensively updated, the home's original build year of 1977 suggests that some core systems (e.g., plumbing, electrical, HVAC) may not be fully modernized or could require future attention, and there is no mention of a central cooling system.
About 207 Wavecrest Avenue
Fully updated custom, oceanview home on quiet cul-de sac .Close to UCSC, Wilder State Park, world class surf, happening new restaurant's, downtown and more. This flexible floor plan features oceanview's from every room in the house. Main living area is open with custom kitchen-stainless steel appliances, quartz counters, shaker style cabinets. Nice dining area w/large attached deck to enjoy indoor/outdoor living. Living room features large fireplace, high ceilings, skylights .2 ample sized bedrooms and nicely appointed bathrooms. There is an additional 360' downstairs bonus room not included in sq ft. Entry level room has huge full ocean view deck,1/2 bath and would make great work from home office or 3rd br. Hard to find quality upgraded home with this sq ft and full ocean views under $2m. Must get inside .
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1977
- Lot Size
- 6,142 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 61% |
| Square foot | 2,035 | 1,507 | 68% |
| Lot Size | 6,142 | 7,100 | 35% |
| Price | $1.82M | $1.35M | 81% |
| Price per sq ft | $897 | $886 | 51% |
| Built year | 1977 | 1971 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 1391 | 172 | 0% |
Pricing History
Listed for Sale
May 16, 2022
$1,825,000
Initial Listing