702 Beverly Avenue, Capitola, California 95010, Capitola, 95010 - 3 bed, 2 bath
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702 Beverly Avenue
Capitola, California 95010
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,526Sq Ft
3,179.88Lot Size
Property Price
LIST PRICE$1,598,000
EST. MARKET VALUE
$1,593,270
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $1,698,000—positioned well below the $1,690,292 Fair Market Value (Note: Market is currently stable). Featuring a Condition Rating of 4, this 1987-built home offers a functional layout with all-natural wood cathedral ceilings and a private patio. While the interior awaits cosmetic modernization, the prime location in Riverview Terrace provides unmatched walkability to the Esplanade and Gayle’s Bakery. This property is an ideal acquisition for Owner-Occupants seeking a coastal lifestyle or Value-Add Investors looking to modernize a well-located asset.
Estimated Market Value
$1,593,270
Based on Realkey algorithm analyzing recent comparable sales in Capitola.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 702 Beverly Avenue Subject 3 bd · 2 ba · 1,526 sqft · $1,044 | $1,598,000* List Price | 3 | 2 | 1,526 | $1,044 | - |
A 709 Gilroy Drive Sold 3 bd · 2 ba · 1,500 sqft · $1,193 · 0.1 mi | $1,790,000 | 3 | 2 | 1,500 | $1,193 | 0.1 mi |
B 315 Mccormick Avenue Sold 3 bd · 2 ba · 1,577 sqft · $1,094 · 0.3 mi | $1,725,000 | 3 | 2 | 1,577 | $1,094 | 0.3 mi |
C 622 Sunset Drive Active 3 bd · 2 ba · 1,337 sqft · $1,043 · 0.1 mi | $1,395,000 List Price | 3 | 2 | 1,337 | $1,043 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1987, this 39-year-old home is well-maintained and functional but remains largely dated. The kitchen and bathrooms feature older cabinetry, countertops, and fixtures that are ripe for modernization. While systems have received minor updates like a new water heater, the overall interior requires cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Walkable Location
Situated in the highly desirable Riverview Terrace, the home is just minutes from the Esplanade, Gayle's Bakery, and the beach, offering an exceptional coastal lifestyle with high walkability.
- Architectural Character
The interior features stunning all-natural wood cathedral ceilings and an open-concept layout that creates a bright, spacious, and airy atmosphere throughout the living and dining areas.
- Recent Maintenance Upgrades
Key updates including a new mahogany entrance door, modern lighting fixtures, and a newly installed water heater provide immediate value and reduce near-term maintenance concerns for the buyer.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With a lot size of approximately 3,180 square feet, the property offers minimal yard space, which may be a drawback for buyers seeking significant private gardens or large outdoor entertaining areas.
- Parking Constraints
The property utilizes a covered carport rather than a traditional enclosed garage, which may limit secure storage options and covered parking for households with multiple vehicles.
About 702 Beverly Avenue
New price! Imagine an 8 minute walk to the Esplanade, 6 minute walk to Gayles Bakery, and only three blocks to Nob Hill and Starbucks. This location is hard to beat! This three bedroom home with two full baths sits on a quiet street in Riverview Terrace, what many call Capitola's friendliest neighborhood known for several annual block parties. Constructed in 1987 with 1520 square feet, this home features a large kitchen that opens into both living and dining areas. All natural wood cathedral ceilings, central heat, a new mahogany entrance door and several new lighting fixtures. Convenient Indoor laundry room. A new water heater was just installed. The primary suite is located on the lower level with two double closets and full bathroom. Two bedrooms and an additional full bath upstairs. Covered carport set behind the gate. Start your day with a walk on the beach, breakfast on the Esplanade and on the walk home be sure to pick up something at Gayles for lunch. Walk back to the village in the evening to enjoy a sunset dinner and experience some live music at on the Esplanade. No need to worry about parking, leave the car at home. This is how life can be lived every day on the corner of Beverly and Sunset.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- 3,179.88 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 2.9 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,526 | 1,692.556 |
| Lot Size | 3,179.88 | 4,927 |
| Price | $1.60M | $1.74M |
| Price per sq ft | $1.0K | $1.1K |
| Built year | 1987 | 1965 |
| HOA | $0 | $0 |
| Days on market | 86 | 35 |
Pricing History
Listed for Sale
Sep 30, 2026
$1,598,000
$1,698,000
-6% Price Drop
Initial Listing
Price Change
Jul 30, 2026
$1,698,000
Initial Listing