3000 Crystal Heights Drive, Soquel, California 95073, Soquel, 95073 - 5 bed, 6 bath
3000 Crystal Heights Drive
Soquel, California 95073
Property Price
SUMMARY
Analysis of 3000 Crystal Heights Drive, Soquel, California 95073 reveals a Fairly Priced Property with a current list price of $1,899,000 aligned with the estimated $1,899,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Soquel 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 |
|---|---|---|---|---|---|---|
★ 3000 Crystal Heights Drive Subject | $1,899,000* List Price | 5 | 6 | 3,320 | $572 | - |
A 3385 Daffodil Court Sold | $1,775,000 | 4 | 3 | 2,963 | $599 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1975, this triplex is described as 'meticulously maintained' and appears clean and functional. However, the interior images, particularly of the kitchens, show very dated cabinetry, appliances, and light fixtures, indicating no significant renovations in these key areas for many decades. While some bathrooms appear to have had updates, their style suggests these were done 15-30 years ago, not recently. The property is aged and well-kept but clearly shows signs of being outdated, requiring cosmetic and functional updates to meet current standards, especially in the kitchens.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
The property is a meticulously maintained triplex with two 2-bedroom, 2-bathroom units and one spacious 3-bedroom, 2-bathroom unit, offering significant rental income potential for investors or multi-generational living.
- Strong Value Proposition
Generously priced below its recent appraisal, this property presents an immediate equity opportunity and favorable value for buyers.
- Prime Location
Situated in an unbeatable location near freeway access, shopping centers, diverse restaurants, and popular beaches, enhancing its desirability and tenant appeal.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1975, the property's age may imply older systems (e.g., plumbing, electrical, HVAC) that could necessitate future upgrades or increased maintenance costs.
- Increased Management Complexity
As a triplex, the property requires more active management and coordination for maintenance, repairs, and tenant relations compared to a single-family residence.
- Lack of Specific Premium Views
While the property has a view, the 'view' field specifies 'None' and the description does not highlight any specific desirable views, potentially limiting its premium pricing compared to properties with ocean or city vistas.
About 3000 Crystal Heights Drive
Rare opportunity! Discover this meticulously maintained Soquel triplex, generously priced below its recent appraisal. Located in a residential neighborhood, this property boasts two 2-bedroom, 2-bathroom units, along with a spacious 3-bedroom, 2-bathroom unit. Each unit offers the convenience of inside laundry facilities. The beautifully landscaped grounds and private backyards create an ambiance akin to single-family homes. With covered parking and additional storage, this triplex provides all the essential amenities. Situated near freeway access, shopping centers, delectable restaurants, and popular beaches, the location is truly unbeatable. Whether you're an investor seeking a lucrative opportunity or a family looking for a delightful compound, this triplex is an excellent choice.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1975
- Lot Size
- 13,242 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 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 | 5.0 | 3.0 | 86% |
| Baths | 6.0 | 3.0 | 91% |
| Square foot | 3,320 | 1,922.5 | 91% |
| Lot Size | 13,242 | 10,715.5 | 55% |
| Price | $1.90M | $1.44M | 82% |
| Price per sq ft | $572 | $758 | 14% |
| Built year | 1975 | 1974 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 963 | 174 | 0% |
Pricing History
Listed for Sale
Jul 19, 2023
$1,899,000
Initial Listing