235 Lee Road, Watsonville, California 95076, Watsonville, 95076 - 3 bed, 2 bath

235 Lee Road, Watsonville, California 95076 home-pic-0
ACTIVE$999,000
235 Lee Road, Watsonville, California 95076
3Beds
2Baths
1,590Sqft
187,743.594Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Expansive & Usable Land: Comprising three distinct lots totaling over 4 acres of flat, usable land, this property offers significant space and versatility for various uses.
Top Cons:
Extensive Renovation Required: The existing home on the middle lot is explicitly stated to be 'in need of full restoration,' implying a significant financial and time commitment for rehabilitation.

Compared to the nearby listings

Price:$999.0K vs avg $899.0K (+$100,000)61%
Size:1,590 sqft vs avg 1,590 sqft50%
Price/sqft:$628 vs avg $56264%

More Insights

Built in 1965 (60 years old).
Condition: The property, built in 1965, is explicitly described as 'in need of full restoration' and requiring 'extensive renovation.' The complete absence of interior images, especially of the kitchen and bathrooms, strongly indicates that the existing structure is in an unlivable condition. Its value is clearly based on the land and its redevelopment potential, aligning with the 'Tear-down' criteria.
Year Built
1965
Close
-
List price
$999K
Original List price
$1.25M
Price/Sqft
$628
HOA
-
Days on market
-
Sold On
-
MLS number
ML81987972
Home ConditionTear down
Features
Good View:
View-

About this home

An exceptional and rare opportunity awaits with this offering of three lots, totaling over 4 acres of flat, usable land in a serene, rural setting. At the heart of the property stands an existing home on the middle lot, in need of full restoration, but brimming with potential for transformation. Nestled near the tranquil Watsonville slough, the property offers sweeping views and a peaceful atmosphere that will captivate you from the moment you arrive. The surrounding area is further enhanced by neighboring parcels owned and protected by a land trust, ensuring privacy and preserving the natural beauty of this remarkable location for years to come. With its three lots, this property provides unmatched flexibility. Restore the existing home and enjoy the expansive 4-acre property as your own private retreat, or explore the possibility of developing two new homes on the separate lots. Whether you envision a quiet rural sanctuary, a small organic agricultural opportunity, or a multi-home development, this property offers a wealth of potential to suit your unique vision. Dont miss this rare chance to secure a piece of tranquility and natural beauty, with the freedom to create something truly special. This is a once-in-a-lifetime opportunity, seize it before its gone!

Condition Rating
Tear down

The property, built in 1965, is explicitly described as 'in need of full restoration' and requiring 'extensive renovation.' The complete absence of interior images, especially of the kitchen and bathrooms, strongly indicates that the existing structure is in an unlivable condition. Its value is clearly based on the land and its redevelopment potential, aligning with the 'Tear-down' criteria.
Pros & Cons

Pros

Expansive & Usable Land: Comprising three distinct lots totaling over 4 acres of flat, usable land, this property offers significant space and versatility for various uses.
High Development Potential: The property provides unmatched flexibility for multi-home development (up to three homes), a private estate, or a small organic agricultural opportunity.
Serene Rural Setting & Views: Nestled in a peaceful, rural area near the tranquil Watsonville slough, the property offers sweeping views and a captivating, quiet atmosphere.
Enhanced Privacy & Protected Surroundings: Neighboring parcels are owned and protected by a land trust, ensuring long-term privacy and preserving the natural beauty of the location.
Unique Investment Opportunity: This is a rare offering with substantial potential for value appreciation through restoration of the existing home or development of new residences.

Cons

Extensive Renovation Required: The existing home on the middle lot is explicitly stated to be 'in need of full restoration,' implying a significant financial and time commitment for rehabilitation.
Significant Capital Outlay Post-Purchase: Realizing the property's full potential, whether through development or extensive restoration, will require substantial additional investment beyond the initial purchase price.
Recent Price Reductions: The property has undergone multiple price reductions from an initial $1.25M to $999K, which may indicate initial overpricing or challenges in market appeal at higher valuations.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state