427 Carmel Street, Watsonville, California 95076, Watsonville, 95076 - 3 bed, 2 bath
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427 Carmel Street
Watsonville, California 95076
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,316Sq Ft
7,536Lot Size
Property Price
LIST PRICE$750,000
EST. MARKET VALUE
$766,646
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned well below the $766,646 Fair Market Value by 2%. This valuation gap offers $16,646 in Instant Equity. Featuring a Fair Condition Rating (4/10), the home retains original 1953 character, offering significant upside through modernization. The 7,536 sqft lot provides excellent ADU development potential. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value in a prized Watsonville neighborhood.
Estimated Market Value
$766,646
Based on Realkey algorithm analyzing recent comparable sales in Watsonville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 427 Carmel Street Subject 3 bd · 2 ba · 1,316 sqft · $583 | $750,000* List Price | 3 | 2 | 1,316 | $583 | - |
A 25 Bronson Street Sold 3 bd · 1 ba · 1,040 sqft · $692 · 0.1 mi | $720,000 | 3 | 1 | 1,040 | $692 | 0.1 mi |
B 768 Lake Village Drive Sold 3 bd · 2 ba · 1,260 sqft · $540 · 0.6 mi | $680,000 | 3 | 2 | 1,260 | $540 | 0.6 mi |
C 900 Mckenzie Avenue Sold 3 bd · 2 ba · 1,220 sqft · $697 · 0.7 mi | $850,000 | 3 | 2 | 1,220 | $697 | 0.7 mi |
D 120 Santa Clara Street Sold 2 bd · 2 ba · 1,037 sqft · $665 · 0.8 mi | $690,000 | 2 | 2 | 1,037 | $665 | 0.8 mi |
E 502 E Beach Street Sold 2 bd · 1 ba · 1,029 sqft · $706 · 0.7 mi | $726,000 | 2 | 1 | 1,029 | $706 | 0.7 mi |
F 450 Beck Street Sold 3 bd · 2 ba · 1,242 sqft · $434 · 0.9 mi | $539,000 | 3 | 2 | 1,242 | $434 | 0.9 mi |
G 18 Pajaro Vista Court Sold 3 bd · 2 ba · 1,604 sqft · $505 · 1.0 mi | $810,000 | 3 | 2 | 1,604 | $505 | 1.0 mi |
H 748 Hill Active 3 bd · 1 ba · 1,320 sqft · $572 · 0.0 mi | $755,000 List Price | 3 | 1 | 1,320 | $572 | 0.0 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 1953, this 71-year-old residence retains its original mid-century character. While described as a comfortable home, the lack of mentioned renovations suggests the kitchen, bathrooms, and core systems (HVAC/Electric) are likely over 20 years old and dated, requiring modernization and minor repairs to meet current standards.
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 = 7536, living area = 1316.
- Prime Location
Situated in Watsonville's most highly-regarded neighborhood on a quiet street, offering both prestige and a peaceful living environment near local amenities.
- Development Potential
The generous 7,536 sqft lot provides ample space for gardening and entertaining, with significant potential to add an Accessory Dwelling Unit (ADU) for increased value or rental income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Vintage Infrastructure
Originally built in 1953, the home may require updates to its core systems and interior finishes to meet modern energy efficiency and aesthetic standards.
- Compact Interior Footprint
At 1,316 square feet for a three-bedroom home, the interior living areas may feel constrained for buyers seeking more expansive contemporary floor plans.
About 427 Carmel Street
Welcome to Carmel Street, a charming single-level ranch style home set on on a quiet street in the most prized neighborhood in Watsonville. It's a quality mid-century single-level residence with inviting curb appeal and a nice juicy lot that everyone's looking for! The interior offers comfortable, light-filled living spaces with a practical layout suited for everyday living, while the generous outdoor space provides room to garden, entertain, relax, or create your own backyard retreat...and check with the city about building an ADU! A wide driveway and oversize attached garage add everyday convenience, and the homes classic mid-century character gives it a warm, timeless feel. Conveniently located near local schools, shopping, dining, parks, and the many attractions of the Monterey Bay area, this is a wonderful opportunity to enjoy a comfortable home in a well-established, prized Watsonville neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 7,536 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 2.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,316 | 1,212.057 |
| Lot Size | 7,536 | 5,911.8 |
| Price | $750.0K | $802.3K |
| Price per sq ft | $570 | $598 |
| Built year | 1953 | 1966 |
| HOA | $0 | $277 |
| Days on market | 19 | 57 |
Pricing History
Listed for Sale
Oct 5, 2026
$750,000
Initial Listing