416 Spring Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 3 bath
416 Spring Street
Santa Cruz, California 95060
Property Price
SUMMARY
Analysis of 416 Spring Street, Santa Cruz, California 95060 reveals a property with a current list price of $1,798,000, which is 9% above the estimated $1,638,460 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Santa Cruz Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 Spring Street Subject | $1,798,000* List Price | 3 | 3 | 2,110 | $777 | - |
A 131 Spring Street Sold | $2,140,000 | 3 | 2 | 1,996 | $1,072 | 0.4 mi |
B 128 Mcmillan Drive Sold | $1,352,500 | 4 | 3 | 1,733 | $780 | 1.0 mi |
C Escalona Drive Pending | $2,100,000 List Price | 4 | 2 | 2,700 | $778 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1948 and held by the same family since 1967, the property is described as having dated infrastructure requiring substantial modernization. The listing focuses heavily on the land's development potential and the possibility of a lot split to build new homes, suggesting the current residence has significant deferred maintenance and outdated kitchen, bathroom, and major systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13591, living area = 2110.
- Significant Development Potential
The expansive 13,000+ sq ft lot with 108 feet of frontage presents a rare opportunity for a lot split, allowing for the construction of two new homes in a high-demand area.
- Prime Westside Location
Located in one of Santa Cruz's most sought-after neighborhoods, the property offers exceptional access to UCSC, Highway 1, and Highway 17, making it ideal for commuters and locals alike.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2110, other record living area = 2039. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Dated Infrastructure
Built in 1948 and held by the same family since 1967, the residence likely requires substantial modernization or a full renovation to meet contemporary standards.
- Pricing Volatility
A significant price reduction from the original $2M listing to $1.798M suggests the initial valuation was high relative to the property's current condition and required investment.
About 416 Spring Street
Prime Westside Santa Cruz opportunity. Set on an expansive 13,000+ sq ft lot, this property offers rare potential in one of Santa Cruz most sought-after neighborhoods. With an impressive 108 feet of frontage, the parcel offers the possibility of being split into two lots, an exceptional chance to build two new homes or re-imagine the existing residence. Owned by the same family since 1967, the home enjoys beautiful natural light and floor-to-ceiling windows overlooking the lush backyard. A versatile multi-use room off the garage provides additional flexibility for work, hobbies, or storage. Enjoy effortless access to UCSC, Highway 1, and Highway 17, making this location ideal for both convenience and lifestyle. Large parcels like this are increasingly rare on the Westside, making this a standout opportunity for builders, investors, or end-users looking to create something special.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1948
- Lot Size
- 13,591 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 61% |
| Square foot | 2,110 | 1,507 | 70% |
| Lot Size | 13,591 | 7,144 | 77% |
| Price | $1.80M | $1.35M | 81% |
| Price per sq ft | $852 | $866 | 46% |
| Built year | 1948 | 1969 | 30% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 169 | 2% |
Pricing History
Listed for Sale
Mar 4, 2026
$1,798,000
$2,000,000
-10% Price Drop
Initial Listing
Price Change
Feb 24, 2026
$2,000,000
Initial Listing