5035 Soquel Drive, Soquel, California 95073, Soquel, 95073 - 1 bed, 1 bath
5035 Soquel Drive
Soquel, California 95073
Property Price
SUMMARY
Analysis of 5035 Soquel Drive, Soquel, California 95073 reveals a Fairly Priced Property with a current list price of $925,000 aligned with the estimated $925,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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 Soquel 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 |
|---|---|---|---|---|---|---|
★ 5035 Soquel Drive Subject | $925,000* List Price | 1 | 1 | 944 | $980 | - |
A 3475 N Main Street Sold | $965,000 | 2 | 1 | 927 | $1,041 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1930, the property is aged but functional. While the bathroom has been recently and tastefully updated with modern fixtures, flooring, and tiling, the kitchen is significantly outdated with old cabinets, laminate countertops, linoleum flooring, and older white appliances, requiring a full renovation. The description notes the home 'could benefit from updating,' which aligns with the need for substantial kitchen work. The overall condition is livable but requires significant investment to meet modern standards beyond the bathroom.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The expansive 10,542 sqft lot and favorable zoning prospects (potential RM5 change allowing multiple main units and ADUs) offer substantial development or subdivision opportunities.
- Prime Walkable Location
The property boasts an excellent location within walking distance to downtown Soquel, providing convenient access to local shops, restaurants, and amenities.
- Large Lot for Expansion
The generous 10,542 square foot lot provides ample space for significant expansion of the existing home or new construction, maximizing its utility.
CONSRISKS & DEFICIENCIES
- Outdated Existing Home
The 1930-built home is functional but requires significant updating, implying substantial renovation costs and effort for a buyer seeking modern living standards.
- Extensive Buyer Due Diligence Required
Realizing the full development potential necessitates thorough verification with planning and regulatory agencies, adding complexity and risk for the buyer.
- Small Existing Home Size
At 944 sqft with 1 bed/1 bath, the existing structure is small relative to the lot size and modern market expectations, reinforcing the need for significant renovation or redevelopment.
About 5035 Soquel Drive
The home is functional but could benefit from updating. Great upside potential to develop on the lot and/or update the current home to your liking. 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. Near successful businesses. Multiple home construction and subdivision may be possible. Buyers to verify with planning and regulatory agencies to their full satisfaction. Per Lezanne at the Santa Cruz planning dept. a zoning change to RM5 would likely be approved as it fits the general plan. This would allow 2 main units 2 ADUs and possibly also a conversion ADU (3 ADUs). Currently an ADU and JADU may be allowed, subject to approval.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 10,542 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 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 | 1.0 | 3.0 | 5% |
| Baths | 1.0 | 2.5 | 14% |
| Square foot | 944 | 1,806 | 14% |
| Lot Size | 10,542 | 10,258.5 | 50% |
| Price | $925.0K | $1.38M | 9% |
| Price per sq ft | $980 | $793 | 77% |
| Built year | 1930 | 1971 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 967 | 174 | 0% |
Pricing History
Listed for Sale
Jul 14, 2023
$925,000
Initial Listing