560 Cedar Drive, Watsonville, California 95076, Watsonville, 95076 - 2 bed, 2 bath
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Watsonville, California 95076
This property presents a Strong Value Opportunity with a List Price of $465,000—positioned well below the $434,508 Fair Market Value by -7%. While the home currently holds a Condition Rating of 5, the interior has been stripped to the studs, providing a blank canvas for a full interior rehab. The large corner lot and recent exterior updates offer significant upside for forced appreciation. This is a Fix-and-Flip Investor or Contractor acquisition ideal for those targeting the 55+ Adult Village market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 560 Cedar Drive Subject | $465,000* List Price | 2 | 2 | 1,054 | $412 | - |
A 415 Spruce Circle Sold | $475,000 | 2 | 1 | 913 | $520 | 0.1 mi |
B 450 Beck Street Sold | $539,000 | 3 | 2 | 1,242 | $434 | 0.5 mi |
C 443 Tuttle Avenue Sold | $505,000 | 2 | 2 | 1,163 | $434 | 0.2 mi |
D 410 Spruce Circle Active | $545,000 List Price | 2 | 2 | 1,038 | $525 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1976, this property is currently a mid-renovation project and is not move-in ready. While it features new drywall, insulation, and electrical updates, the kitchen, bathrooms, and flooring are completely missing or unfinished, requiring a full interior rehab to be functional.
With the interior stripped to the studs and featuring new sheetrock, electrical, and paint, the property serves as a blank canvas allowing buyers to install their own preferred kitchen, bathroom, and flooring finishes.
Listed at $465,000, this property is positioned as the best value currently available in the Adult Village, offering a significantly lower entry price for the Watsonville market.
The home sits on a larger corner lot with fresh exterior paint and professional landscaping potential, providing more outdoor space and privacy than typical lots in the community.
The absence of a functional kitchen, bathrooms, and flooring makes the home non-habitable in its current state, requiring immediate capital and construction before move-in.
Located in the Adult Village, the property is restricted to residents aged 55 and over, which limits the pool of potential buyers and future resale opportunities.
Unique opportunity for investor or owner. Kitchen, bathrooms and flooring are not completed, creating a blank canvas for your preferred finishing touches. The interior of this home was stripped down to the studs and wiring. New sheetrock and insulation have been installed. New walls and ceiling have been finished with a classic Old World Style texture prior to being professionally primed and painted. Brand new lighting fixtures and a ceiling fan are creating a bright open feeling. The old interior light switches and electrical outlets have been replaced with new ones. The exterior of the house has been painted creating a nice curb appeal, and the house has been tented (extermination) to eliminate those unwanted visitors. The home sits on a larger corner lot that provides great space for outdoor enjoyment. This is the best value currently available in the Adult Village. Must be 55+
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 27% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,054 | 1,459 | 13% |
| Lot Size | 4,443 | 10,106 | 16% |
| Price | $465.0K | $850.0K | 1% |
| Price per sq ft | $441 | $578 | 16% |
| Built year | 1976 | 1975 | 52% |
| HOA | $30.0 | $0 | 82% |
| Days on market | 12 | 137 | 3% |
May 25, 2026
$465,000
Initial Listing