318 Soquel Avenue D3, Santa Cruz, California 95062, Santa Cruz, 95062 - 2 bed, 2 bath
ACTIVE$725,000
318 Soquel Avenue D3, Santa Cruz, California 95062
2Beds
2Baths
1,180Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Location & Accessibility: The property boasts a prime location in Santa Cruz, offering unparalleled convenience with easy walkability to Whole Foods, Shoppers Corner, Spenga, downtown, and a short ride to the beach and Boardwalk, appealing to a lifestyle-focused buyer.
Top Cons:
High Monthly Association Fees: The monthly association fee of $834 is substantial and could be a deterrent for some buyers, significantly impacting the overall cost of homeownership and potentially limiting the pool of interested parties.
Compared to the nearby listings
Price:$725.0K vs avg $707.5K (+$17,500)57%
Size:1,180 sqft vs avg 767.5 sqft86%
Price/sqft:$614 vs avg $78129%
More Insights
Built in 1980 (45 years old).
Condition: Built in 1980, this unit is well-maintained but shows its age. While it features updated stainless steel kitchen appliances and some modern lighting, the kitchen cabinetry and countertops are dated. Both bathrooms are significantly outdated with original or very old vanities, fixtures, and lighting. The carpet throughout the living areas and bedrooms also contributes to an aged aesthetic. The property is functional and livable but requires cosmetic updates to meet current buyer expectations, aligning with the 'Fair' condition criteria.
Year Built
1980
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
$614
HOA
$834
Days on market
-
Sold On
-
MLS number
ML82014163
Home ConditionFair
Features
Good View:
Deck
Pool
Spa
View-
About this home
Once in a while, a truly special spot becomes available in this beautifully landscaped complex. Pacific Terrace is meticulously maintained, and it shows. Our penthouse unit is perfectly situated, offering convenience to Whole Foods, Shoppers Corner, and Spenga for your workouts. You can easily walk to downtown or enjoy a short ride to the beach and Boardwalk. This unit is warm and comfortable, featuring designer wood accents, vaulted ceilings, and a fabulous, sunny, covered deck. You'll find stainless steel appliances and a bright, airy layout with two bedrooms and two bathrooms. Parking is a breeze with gated underground parking, and the entire complex is secure. Take the stairs or zip up in the elevator to enjoy a bird's-eye view. The complex also boasts a delightful pool, spa, and BBQ area, so you might never want to leave! Where else can you find all these amenities for under a million dollars?
Condition Rating
Fair
Built in 1980, this unit is well-maintained but shows its age. While it features updated stainless steel kitchen appliances and some modern lighting, the kitchen cabinetry and countertops are dated. Both bathrooms are significantly outdated with original or very old vanities, fixtures, and lighting. The carpet throughout the living areas and bedrooms also contributes to an aged aesthetic. The property is functional and livable but requires cosmetic updates to meet current buyer expectations, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Exceptional Location & Accessibility: The property boasts a prime location in Santa Cruz, offering unparalleled convenience with easy walkability to Whole Foods, Shoppers Corner, Spenga, downtown, and a short ride to the beach and Boardwalk, appealing to a lifestyle-focused buyer.
Desirable Penthouse Unit Features: As a penthouse unit, it offers unique advantages such as vaulted ceilings, designer wood accents, and a fabulous, sunny, covered deck, enhancing its appeal and perceived value within the complex.
Extensive Community Amenities: The meticulously maintained Pacific Terrace complex provides a wealth of amenities including a pool, spa, and BBQ area, offering residents a resort-like living experience and strong recreational options.
Secure & Convenient Parking: The inclusion of gated underground parking and overall complex security is a significant advantage, providing peace of mind and highly sought-after convenience in a desirable urban/coastal setting.
Appealing Interior Design & Layout: The unit features stainless steel appliances and a bright, airy layout with two bedrooms and two bathrooms, suggesting a modern and comfortable living space that is move-in ready.
Cons
High Monthly Association Fees: The monthly association fee of $834 is substantial and could be a deterrent for some buyers, significantly impacting the overall cost of homeownership and potentially limiting the pool of interested parties.
Building Age & Potential Infrastructure Updates: Built in 1980, the building is over 40 years old. While the unit appears updated, the age of the overall building infrastructure (e.g., plumbing, electrical, common area systems) may necessitate future assessments or maintenance concerns not immediately apparent.
Condominium Living Limitations: As a condominium, the property inherently comes with shared walls, potential for noise transfer, and reliance on HOA rules and management, which may not appeal to buyers seeking greater privacy or autonomy over their property.