5035 Soquel Drive, Soquel, California 95073, Soquel, 95073 - 1 bed, 1 bath
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Soquel, California 95073
Analysis of 5035 Soquel Drive, Soquel, California 95073 reveals a property with a current list price of $1,150,000, which is 3% above the estimated $1,109,108 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 Soquel Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5035 Soquel Drive Subject | $1,150,000* List Price | 1 | 1 | 944 | $1,175 | - |
A 3475 N Main Street Sold | $965,000 | 2 | 1 | 927 | $1,041 | 0.4 mi |
B 3315 Crestline Way Active | $1,198,000 List Price | 1 | 1 | 825 | $1,452 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1930, this property's listing description explicitly states 'The value is in the Lot and Location' and advises buyers to 'Bring your contractor,' indicating the house itself requires substantial work. The kitchen is severely outdated with old appliances, worn cabinets, and dated flooring and lighting. While the bathroom appears to have been recently updated with modern fixtures and tiling, this single renovation does not offset the overall age, neglected exterior, and the implied need for extensive rehabilitation or potential demolition for redevelopment, as suggested by the multi-family zoning and ADU/JADU potential.
The property offers great upside potential for development, supported by its 10,542 sqft lot, Residential Multi-family zoning, and possibilities for ADU/JADU additions or lot splits under SB 9.
Located within walking distance to downtown Soquel and Main Street, providing easy access to shops, restaurants, and antique shops, enhancing its appeal for both residential and commercial uses.
Beyond residential development, the property is noted as a great location for a business, being near successful establishments, offering diverse investment opportunities.
Built in 1930, the existing 944 sqft structure is likely in need of significant renovation or demolition, as implied by the listing's emphasis on 'value in the Lot and Location' and 'Bring your contractor'.
The current house is a small 1 bed, 1 bath, 944 sqft, offering minimal immediate utility or value without substantial investment in redevelopment or expansion.
The property has been on the market since February 2022, which could indicate challenges with its current pricing relative to the required investment for its full development potential.
The value is in the Lot and Location. Great upside potential to develop on the lot. Walking distance to downtown Soquel and Main Street. Soquel has shops, restaurants & antique shops along Soquel Drive & Main Street. 10,542 Square foot lot allows for room to expand. Bring your contractor. Set back far enough off Soquel Drive to still feel private. The lot is big enough to support an ADU & JADU, has Residential Multi-family zoning. SB 9, lot split ideas ? Would also be great location for a business. Near successful businesses. Check with the county for development potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 944 | 1,798 |
| Lot Size | 10,542 | 73,616.4 |
| Price | $1.15M | $1.50M |
| Price per sq ft | $1.2K | $853 |
| Built year | 1930 | 1977 |
| HOA | $0 | $216 |
| Days on market | 1615 | 45 |
Feb 19, 2022
$1,150,000
Initial Listing