360 Meder Street, California, Santa Cruz, 95060 - 3 bed, 3 bath
360 Meder Street
California
Property Price
SUMMARY
Analysis of 360 Meder Street, California reveals a property with a current list price of $1,750,000, which is 4% above the estimated $1,668,406 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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 California 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 |
|---|---|---|---|---|---|---|
★ 360 Meder Street Subject | $1,750,000* List Price | 3 | 3 | 2,317 | $720 | - |
A 332 Meder Street Sold | $1,875,000 | 4 | 4 | 2,322 | $807 | 0.1 mi |
B 120 Alamo Avenue Sold | $1,427,000 | 3 | 2 | 1,811 | $788 | 0.8 mi |
C 515 Escalona Drive Sold | $1,850,000 | 3 | 3 | 2,332 | $793 | 0.9 mi |
D 239 Segre Place Sold | $1,875,000 | 4 | 3 | 2,048 | $916 | 0.2 mi |
E 216 Alamo Avenue Sold | $1,350,000 | 3 | 2 | 1,485 | $909 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1998, making it 26 years old. The exterior appears well-maintained, suggesting regular upkeep. However, without interior images, it's assumed that major components like the kitchen and bathrooms, appliances, and fixtures are likely original or have not undergone extensive modern renovations within the last 15 years. While functional, these areas would likely show signs of being outdated, fitting the 'fair' category which suggests minor updates or repairs are required to meet current aesthetic and functional standards.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Location
Situated in Santa Cruz, a highly sought-after coastal city known for its vibrant community and strong real estate market.
- Modern Construction
Built in 1998, the property offers relatively modern construction, potentially reducing immediate maintenance concerns compared to older homes.
- Generous Living Space
With 2317 sqft, the home provides ample living space for a 3-bedroom residence, accommodating comfortable family living.
CONSRISKS & DEFICIENCIES
- Extended Market Time
The property has been on the market since February 2022 without a price reduction, which may indicate overpricing or other factors deterring buyers.
- Monthly Association Fee
A monthly association fee of $138 adds to the ongoing cost of homeownership.
- Undefined School/Area Information
The high school district is listed as 'Other' and the MLS area as 'Not Defined,' which could be a concern for buyers prioritizing specific school zones or well-established sub-neighborhoods.
About 360 Meder Street
Exceptional opportunity in California. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 5,009 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $138.0 / Month
Neighborhood Insights
California Unified Schools
Westlake Elementary School
Grades K-5 • 0.4 mi
Mission Hill Middle School
Grades 6-8 • 1.1 mi
Santa Cruz High School
Grades 9-12 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 61% |
| Square foot | 2,317 | 1,507 | 74% |
| Lot Size | 5,009 | 7,100 | 26% |
| Price | $1.75M | $1.35M | 79% |
| Price per sq ft | $755 | $866 | 32% |
| Built year | 1998 | 1971 | 81% |
| HOA | $138.0 | $0 | 82% |
| Days on market | 1485 | 172 | 0% |
Pricing History
Listed for Sale
Feb 11, 2022
$1,750,000
Initial Listing