507 Market Street, Santa Cruz, California 95060, Santa Cruz, 95060 - 3 bed, 3 bath

507 Market Street
Santa Cruz, California 95060
Property Price
SUMMARY
Analysis of 507 Market Street, Santa Cruz, California 95060 is currently available with a list price of $899,900. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and shows evidence of significant updates and meticulous maintenance despite its 1944 original construction. The interior features updated kitchen cabinetry, stone countertops, and modern bathroom finishes, while the exterior boasts a high-end professional outdoor kitchen and extensive landscaping. While the fragmented layout and age of the core structure prevent an 'excellent' rating, the overall quality and lack of deferred maintenance align with the 'good' condition category.
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 = 12589, living area = 1303.
- Prime Coastal Location
Ideally situated within walking distance to downtown Santa Cruz, the Beach Boardwalk, and premium local markets, offering an exceptional urban-coastal lifestyle with easy highway access.
- Exceptional Outdoor Living
The expansive 0.43-acre lot features rare Branciforte Creek frontage, a professional-grade outdoor kitchen, and a meticulously landscaped Zen garden, creating a private sanctuary for entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1303, other record living area = 1139. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
- Fragmented Floor Plan
The primary residence is configured as a one-bedroom home with other rooms separated from the main living area, which may not suit buyers looking for a traditional contiguous family layout.
- Vintage Infrastructure
Originally constructed in 1944, the property may require modern updates to its core systems or structural elements to align with contemporary building standards and efficiency.
About 507 Market Street
Coming soon sale home! An amazing Santa Cruz 1 bed, 2 extra rooms, 3 full bath property located near beaches and harbor, and the Santa Cruz Beach Boardwalk, Branciforte Creek runs through the back yard, with a garden area and a beach just across the creek. It is walking distance to downtown Santa Cruz, DeLaveaga Park, Whole Foods, Starbucks, and local markets like Shoppers Corner and The Buttery. Easy access to highways 1 and 17 for commuting. There are 1 bed, 1 bath on the main house, 1 art Studio, 1 extra bedroom and 2 full bathrooms. : Approx 800+ SqFt, approx Lot Size: 18,862 SqFt (approx 0.433 Acres) There are 1 cargarage with work bench and storage and off-street parking for up to 6 vehicles, laundry hook-ups, work bench and storage, wet bar, and a bonus room. Main House Layout & Features includes main kitchen and living area, one bedroom, one full bath, sunroom, and a deck overlooking the creek Beautifully landscaped yard with multiple gazebos and a Zen Garden. Outdoor Kitchen Includes hot and cold running water, large commercial sink, covered prep station, refrigerator, gas grill, and plenty of counter space, gas fire table and seating area for relaxation.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1944
- Lot Size
- 12,589 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 | 1,303 | 1,489 | 35% |
| Lot Size | 12,589 | 7,144 | 74% |
| Price | $899.9K | $1.32M | 5% |
| Price per sq ft | $691 | $866 | 26% |
| Built year | 1944 | 1969 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 169 | 2% |
Pricing History
Listed for Sale
Mar 4, 2026
$899,900
Initial Listing
Sold
Dec 5, 1997
$195,000
Public Record









