
Watsonville, California 95076
This High-Potential Investment Opportunity is listed at $499,000, positioned slightly above the $484,027 Fair Market Value. While the property carries a Condition Rating of 4, it offers a functional, single-level layout with a private patio and large garage. The low $35 monthly association fee enhances long-term cash flow potential. Given the 55+ age restriction, this asset is best suited for Buy-and-Hold Investors targeting the rental market or Owner-Occupants seeking an affordable, low-maintenance residence in a convenient Watsonville location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 517 Tuttle Avenue Subject | $499,000* List Price | 2 | 1 | 930 | $520 | - |
A 415 Spruce Circle Sold | $475,000 | 2 | 1 | 913 | $520 | 0.1 mi |
B 583 Bridge Street Sold | $508,700 | 2 | 1 | 885 | $575 | 0.3 mi |
C 569 Cedar Drive Sold | $525,000 | 2 | 1 | 877 | $599 | 0.1 mi |
D 410 Spruce Circle Sold | $495,000 | 2 | 2 | 1,038 | $477 | 0.1 mi |
E 560 Cedar Drive Sold | $445,000 | 2 | 2 | 1,054 | $422 | 0.1 mi |
F 8 Carita Court Sold | $489,000 | 2 | 1 | 827 | $591 | 0.2 mi |
G 517 Vivienne Drive Pending | $579,500 List Price | 2 | 2 | 989 | $586 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, the home is well-maintained and functional but clearly dated. The kitchen features older painted cabinetry, laminate countertops, and vinyl flooring, while the living areas have older carpeting. It is move-in ready but would benefit from cosmetic updates.
Priced under $500,000, this property represents the lowest-priced entry point in the community and a rare affordable opportunity within Santa Cruz County.
The home offers a desirable single-story floor plan featuring a wood-burning fireplace, a full garage, and a spacious private backyard ideal for gardening or entertaining.
With an exceptionally low association fee of just $35 per month, the property is highly attractive for those seeking to minimize fixed monthly housing expenses.
The Bay Village residency requirements (55+ for at least one occupant) significantly limit the pool of potential residents and owner-occupants.
With 134 days on the market and multiple price reductions from the original $579,000 list price, the property has struggled to find momentum in the current market.
Newsflash! You can still own a single level, 2 bedroom, 1 bath home with large garage in Santa Cruz County for under $500,000! An exceptional value, this is the lowest-priced home currently available in this desirable 55+ community. The home offers a thoughtfully designed floor plan with a wood-burning fireplace and a dedicated dining area filled with natural light. A large patio door opens to a gated private patio, creating an easy connection between indoor and outdoor living. The spacious back yard offers endless possibilities to create your own private retreat. It offers plenty of room for relaxing, gardening, or entertaining. Additional features include a full garage, natural gas forced-air heating, and comfortable single-level living. Conveniently located near shopping, restaurants, and Downtown Watsonville, the home also offers easy access to the scenic Pajaro River Levee Trail for walking, biking, and enjoying the outdoors. Bay Village community guidelines require at least one resident to be 55 years of age or older with a second occupant permitted at age 45+. These homes rent quickly if you're looking at investment potential and you can be of any age to own in this highly desireable area of Watsonville. A must see!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.4 |
| Baths | 1.0 | 2.0 |
| Square foot | 930 | 1,198.231 |
| Lot Size | 3,572 | 6,133.615 |
| Price | $499.0K | $816.1K |
| Price per sq ft | $537 | $618 |
| Built year | 1976 | 1966 |
| HOA | $35.0 | $320 |
| Days on market | 156 | 57 |
Aug 12, 2026
$499,000
$529,000
-6% Price Drop
Initial Listing
May 27, 2026
$529,000
$549,000
-4% Price Drop
Initial Listing
May 1, 2026
$549,000
$579,000
-5% Price Drop
Initial Listing
Apr 6, 2026
$579,000
Initial Listing
Nov 29, 2017
$338,000
Public Record