420 Pilgrim Drive, Capitola, California 95010, Capitola, 95010 - 2 bed, 2 bath
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420 Pilgrim Drive
Capitola, California 95010
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,193Sq Ft
5,227Lot Size
Property Price
LIST PRICE$2,200,000
EST. MARKET VALUE
$2,280,398
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $2,200,000—positioned well below the $2,280,398 Fair Market Value by 3%. This valuation gap offers $80,398 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with new Milgard windows, white oak floors, and professional landscaping, this home offers a premium coastal lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready sanctuary near Capitola Village.
Estimated Market Value
$2,280,398+$80,398 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Capitola.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 420 Pilgrim Drive Subject | $2,200,000* List Price | 2 | 2 | 1,193 | $1,911 | - |
A 539 Riverview Drive Active | $2,199,000 List Price | 2 | 2 | 1,024 | $2,147 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has recently undergone an extensive renovation including new electrical panels, Milgard windows, smooth stucco exterior, and new stainless appliances. While the kitchen and bathrooms retain their original 1950s charm, the home features newly refinished white oak floors, modern recessed lighting, and high-end landscape upgrades, meeting the criteria for a recent renovation in mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
The property is ideally situated in a quiet neighborhood within walking distance to Capitola Village, the beach, and local favorites like Gayle's Bakery, offering a highly desirable lifestyle.
- Extensive Modern Upgrades
Significant investments have been made in the home's infrastructure and exterior, including new Milgard windows, smooth stucco, updated electrical panels, and premium landscaping with a natural gas firepit.
- Exceptional Parking
Featuring a two-car garage and ample driveway space, the property provides a rare and valuable parking advantage in the densely populated Capitola area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5227, other record lot size in square feet = 5401.
- Recently Sold Property
The property was recently sold within the past year on 2025-10-01. The sold price is $1,730,000.00.
- Original Interior Finishes
While the home has many updates, the kitchen and bathrooms retain their original 1950s charm, which may necessitate additional remodeling for buyers seeking a fully modernized interior.
About 420 Pilgrim Drive
Such a quiet neighborhood of beautiful homes yet just a short walk to Capitola village, Gayles Bakery and of course the beach. This mid century home on a quiet street has just had an extensive upgrade of both home and landscape with beautiful pavers, a natural gas firepit to gather around in the evenings, artificial turf, new fencing, landscape lighting, irrigation and so much more. The home features a new smooth stucco exterior, refinished white oak floors, all new Milgard windows, interior doors, interior and exterior paint, new stainless appliances, recessed lighting, nest thermostat, ring doorbell, security cameras and new electrical panels . Indoor laundry room. Much of the original 1950's charm has been retained in the kitchen and bathrooms. A two car garage and plenty of driveway parking is a rare bonus in Capitola. Inside laundry room. Enticing areas in both the front and back yards for relaxing and entertaining. Mature producing avocado, orange and lime trees. A location like this doesn't come along every day, just above the activity in the village, yet such a quiet street.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 5,227 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 2.7 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,193 | 1,666.857 |
| Lot Size | 5,227 | 5,196 |
| Price | $2.20M | $1.72M |
| Price per sq ft | $1.8K | $1.2K |
| Built year | 1953 | 1968 |
| HOA | $0 | $0 |
| Days on market | 26 | 35 |
Pricing History
Listed for Sale
Aug 14, 2026
$2,200,000
Initial Listing
Sold
Oct 1, 2025
$1,730,000
Public Record
Sold
May 31, 2012
$740,000
Public Record
Sold
Sep 29, 1994
$320,000
Public Record