2603 Mallory Lane, Santa Cruz, California 95065, Santa Cruz, 95065 - 2 bed, 3 bath
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2603 Mallory Lane
Santa Cruz, California 95065
ACTIVE
CONDITION: GOOD
2Beds
3Baths
1,241Sq Ft
1,002Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$687,822
16% AboveMARKET VALUE
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $799,000—positioned well above the $687,822 Fair Market Value by -16%. While priced at a premium, the home features a Good Condition Rating with refreshed quartz countertops and laminate flooring. Residents benefit from a prime coastal location near Soquel High School and private dual patios. The rare assumable 2.75% VA loan provides a significant financial advantage for qualified buyers. This property is an ideal fit for veteran homebuyers or first-time buyers seeking a turnkey Santa Cruz lifestyle.
Estimated Market Value
$687,822
Based on Realkey algorithm analyzing recent comparable sales in Santa Cruz.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2603 Mallory Lane Subject 2 bd · 3 ba · 1,241 sqft · $554 | $799,000* List Price | 2 | 3 | 1,241 | $554 | - |
A 2743 Hampton Lane Sold 3 bd · 3 ba · 1,459 sqft · $523 · 0.1 mi | $762,500 | 3 | 3 | 1,459 | $523 | 0.1 mi |
B 2701 Amberwood Lane Active 3 bd · 2 ba · 1,392 sqft · $538 · 0.2 mi | $749,000 List Price | 3 | 2 | 1,392 | $538 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1986, the home has been well-maintained and features significant interior updates that make it move-in ready. The kitchen has been refreshed with newer quartz countertops, a modern faucet, and stainless steel appliances. The living areas feature updated laminate flooring and recessed lighting. While the exterior balcony decking shows some age-related wear, the primary systems and interior finishes fall within the 5-15 year renovation window, meeting the criteria for Good condition.
PROSSTRENGTHS & OPPORTUNITIES
- Favorable Financing Opportunity
The property offers a rare assumable 2.75% VA loan for qualified veterans, providing a significant financial advantage and lower monthly payments in the current interest rate environment.
- Prime Coastal Location
Situated in a quiet cul-de-sac, the home provides excellent proximity to Capitola Village, local beaches, and popular amenities like Shadowbrook and Firefly Coffee.
- Functional Outdoor Living
Unlike many condominiums, this unit features both private front and back patios, offering low-maintenance outdoor spaces for dining and relaxation.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $647 is relatively high, which increases the total carrying cost and may impact the debt-to-income ratio for prospective buyers.
- Limited Private Land
With a lot size of only 1,002 square feet, the property lacks a traditional yard, which may be a drawback for buyers seeking more significant private outdoor space or gardening opportunities.
About 2603 Mallory Lane
Welcome to 2603 Mallory Lane, a well-maintained 2-bedroom, 2.5-bathroom home offering a bright, comfortable living space in a desirable Santa Cruz location. The thoughtfully designed floor plan creates an open and inviting atmosphere throughout, with abundant natural light and a convenient half bath located on the main level. Upstairs, the spacious primary suite offers a walk-in closet and a comfortable retreat at the end of the day. A versatile second bedroom provides added flexibility, making it easy to accommodate guests or create a functional home office while maximizing the available space. Enjoy low-maintenance living with private front and back patios, offering the perfect setting for morning coffee, outdoor dining, or simply relaxing in your own outdoor retreat. Located in a private cul-de-sac, this home also features an attached one-car garage -- plus 2 resident and 1 guest parking pass for added convenience. Thoughtfully cared for and move-in ready, this home combines comfort, convenience, and practical living in an ideal Santa Cruz location. Enjoy easy access to local favorites including Shadowbrook, Firefly Coffee, Capitola Village, nearby beaches, and more. Assumable 2.75% rate loan for qualified vet!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 1,002 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $647.0 / Month
Neighborhood Insights
Santa Cruz Unified Schools
Branciforte Middle School
Grades 6-8 • 2.1 mi
6/10
Mission Hill Middle School
Grades 6-8 • 3.7 mi
6/10
Soquel High School
Grades 9-12 • 0.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.8 |
| Baths | 3.0 | 1.4 |
| Square foot | 1,241 | 963.625 |
| Lot Size | 1,002 | 811.438 |
| Price | $799.0K | $686.2K |
| Price per sq ft | $644 | $719 |
| Built year | 1986 | 1980 |
| HOA | $647.0 | $595 |
| Days on market | 32 | 61 |
Pricing History
Listed for Sale
Sep 22, 2026
$799,000
Initial Listing
Sold
Oct 9, 2020
$600,000
Public Record
Sold
Mar 17, 2017
$575,000
Public Record
Sold
Jan 29, 1999
$225,000
Public Record