5301 Freedom Boulevard, Aptos, California 95003, Aptos, 95003 - 2 bed, 1 bath

5301 Freedom Boulevard, Aptos, California 95003 home-pic-0
ACTIVE$860,000
5301 Freedom Boulevard, Aptos, California 95003
2Beds
1Bath
900Sqft
51,619Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
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 = 51619, living area = 900.
Top Cons:
As-Is Fixer-Upper Condition: The existing 1948-built home is a 'fixer-upper' and sold 'As Is,' indicating substantial renovation or demolition costs will be required.

Compared to the nearby listings

Price:$860.0K vs avg $1.49M ($-634,500)7%
Size:900 sqft vs avg 1,935.5 sqft7%
Price/sqft:$956 vs avg $80765%

More Insights

Built in 1948 (77 years old).
Condition: Built in 1948, this property is explicitly described as an 'existing fixer-upper home' and is being sold 'As Is.' The property analysis confirms 'substantial renovation or demolition costs will be required.' The images reveal a severely dilapidated exterior with peeling paint, worn features, and general disrepair, strongly suggesting the structure is beyond practical repair. The listing's emphasis is entirely on the 1.1-acre land's development potential (RA zoning for two homes), indicating the value lies solely in the land, not the existing, unlivable structure.
Year Built
1948
Close
-
List price
$860K
Original List price
$875K
Price/Sqft
$956
HOA
-
Days on market
-
Sold On
-
MLS number
ML81994546
Home ConditionTear down
Features
Good View:
View-

About this home

Are you seeking a project with immense upside potential? Look no further! This 1.1-acre approx. property is fully usable offering a unique opportunity for investors and developers alike. With RA zoning, the county permits two homes plus a barn or outbuilding, providing incredible flexibility to create your dream estate or investment property. The property includes one existing fixer-upper home. Enjoy the convenience of two electric meters, two gas lines, and an operational water meter already in place. Septic systems permitted. Sunny, beautiful building areas are set back from the main road, providing privacy and tranquility. The property is to be sold in As Is Condition, and buyers are advised to verify all information with the Santa Cruz Planning Department. Plans for the property will be available at the time of purchase. This property presents a rare chance to capitalize on a versatile and promising piece of real estate. Dont miss out on this exceptional​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ opportunity!

Condition Rating
Tear down

Built in 1948, this property is explicitly described as an 'existing fixer-upper home' and is being sold 'As Is.' The property analysis confirms 'substantial renovation or demolition costs will be required.' The images reveal a severely dilapidated exterior with peeling paint, worn features, and general disrepair, strongly suggesting the structure is beyond practical repair. The listing's emphasis is entirely on the 1.1-acre land's development potential (RA zoning for two homes), indicating the value lies solely in the land, not the existing, unlivable structure.
Pros & Cons

Pros

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 = 51619, living area = 900.
Expansive & Usable Lot: A generous 1.1-acre (51,619 sqft) fully usable parcel, offering ample space for development and privacy.
Significant Development Potential: RA zoning allows for the construction of two homes plus an accessory dwelling unit (barn/outbuilding), providing exceptional flexibility for investors or multi-generational living.
Pre-Existing Utility Infrastructure: Equipped with two electric meters, two gas lines, and an operational water meter, significantly reducing initial development costs and timelines.
Private Building Sites: Sunny, beautiful building areas are strategically set back from the main road, ensuring privacy and a tranquil environment.
High Upside Investment Opportunity: Positioned as a prime 'project with immense upside potential' for investors and developers, offering a rare chance to capitalize on versatile real estate.

Cons

As-Is Fixer-Upper Condition: The existing 1948-built home is a 'fixer-upper' and sold 'As Is,' indicating substantial renovation or demolition costs will be required.
Reliance on Septic Systems: While permitted, new development will require the design and installation of septic systems, which can be more complex and costly than connecting to a municipal sewer.
Buyer Due Diligence Required: Buyers are advised to verify all information with the Santa Cruz Planning Department, implying potential complexities or uncertainties in the development process that require thorough due diligence.

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