318 Lee Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 3 bath
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318 Lee Street
Santa Cruz, California 95060
ACTIVE
CONDITION: FAIR
3Beds
3Baths
2,153Sq Ft
6,011Lot Size
Property Price
LIST PRICE$1,300,000
EST. MARKET VALUE
$1,290,538
SUMMARY
This Versatile Single Family Residence represents a Strong Value Opportunity, listed at $1,300,000—positioned slightly above the $1,290,538 Fair Market Value. While the property reflects a Condition Rating of 4, its 2,153 sqft layout and ground-level bonus room offer significant potential for value-add renovations. Backing to Branciforte Creek, the home provides a unique, private setting with excellent access to UCSC and downtown. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, well-located asset with long-term growth potential.
Estimated Market Value
$1,290,538
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 |
|---|---|---|---|---|---|---|
★ 318 Lee Street Subject | $1,300,000* List Price | 3 | 3 | 2,153 | $599 | - |
A 334 Lee Street Street Sold | $1,400,000 | 4 | 3 | 2,452 | $571 | 0.0 mi |
B 108 Misty Court Sold | $1,530,000 | 3 | 3 | 2,891 | $529 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1981 (43 years old), the home appears to be in original condition. The kitchen features dated oak cabinetry, tile countertops, and older appliances, while the bathrooms and popcorn ceilings reflect the original construction era. Although well-maintained and move-in ready, the age of the primary systems and finishes exceeds 30 years, necessitating updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
Situated on a quiet no-through street with easy access to Highway 17, this home allows residents to bypass the 'Fishhook' traffic while remaining minutes from UCSC and Downtown Santa Cruz.
- Versatile Floor Plan
The 2,153 sqft layout includes a spacious ground-level bonus room, offering significant flexibility for a home office, guest suite, or potential income-producing rental space.
- Private Natural Setting
Backing to open space along Branciforte Creek, the property provides a rare sense of seclusion and a peaceful outdoor environment that is difficult to find so close to urban amenities.
CONSRISKS & DEFICIENCIES
- Dated Construction
Built in 1981, the property may require cosmetic updates or modern system upgrades to compete with newer or fully renovated homes in the Santa Cruz market.
- Environmental Considerations
The property's proximity to Branciforte Creek may involve additional flood insurance requirements or specific maintenance responsibilities related to the riparian corridor.
About 318 Lee Street
Tucked away on a quiet, no-through street, this versatile 3-bedroom, 2.5-bath home offers an exceptional blend of privacy, convenience, and access to all that makes Santa Cruz special. Enjoy being just minutes from Downtown dining and shopping, UCSC, the Santa Cruz Beach Boardwalk, Main Beach, and Highway 17, with the local advantage of skipping the Fishhook and getting home faster. The flexible floor plan includes a spacious ground-level bonus room with endless possibilities for a home office, study, recreation room, guest space, or additional sleeping area. The roomy family room, brick fireplace, and expansive deck create inviting spaces to relax, gather, and entertain. Backing to open space along Branciforte Creek, the property enjoys a peaceful, private setting while remaining remarkably close to urban amenities, beaches, and major commute routes. Whether you're looking for a primary residence, a flexible home with room to grow, a convenient home base for college students, or a desirable income-producing property, this home offers a rare combination of location, versatility, and lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 6,011 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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,153 | 1,697.986 |
| Lot Size | 6,011 | 6,864.608 |
| Price | $1.30M | $1.63M |
| Price per sq ft | $604 | $940 |
| Built year | 1981 | 1973 |
| HOA | $0 | $352 |
| Days on market | 21 | 38 |
Pricing History
Listed for Sale
Aug 19, 2026
$1,300,000
Initial Listing
Sold
Jun 30, 2015
$702,500
Public Record
Sold
Jul 9, 1997
$275,000
Public Record