
Watsonville, California 95076
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $969,000—positioned well above the $871,156 Fair Market Value by -11%. While the property requires modernization, its Condition Rating of 4 is offset by a massive 10,846 sqft lot and recent structural upgrades, including a newer roof and double-pane windows. The flexible floor plan allows for a fifth bedroom, providing significant value-add potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a project with long-term upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 729 Martinelli Street Subject | $969,000* List Price | 4 | 3 | 2,233 | $390 | - |
A 97 Logan Street Sold | $1,130,000 | 4 | 3 | 2,043 | $553 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, this home is functional but dated. While the exterior has been maintained with a newer roof, fresh paint, and double-pane windows, the interior finishes are significantly aged. The 'updated' kitchen features oak cabinetry and white appliances likely from the early 2000s (>20 years), and the bathrooms retain vintage elements like blue sinks and tiled counters. Wood-paneled walls and older carpeting further indicate the need for cosmetic modernization throughout.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10846, living area = 2233.
Situated on one of the largest corner lots in the desirable Martinelli neighborhood, the 10,846 square foot lot provides ample space for outdoor entertaining, gardening, and convenient RV storage.
The property features a newer roof, fresh exterior paint, and energy-efficient double-pane windows, significantly reducing immediate maintenance costs and improving long-term durability.
The property has experienced two price reductions and has remained on the market for over 30 days, suggesting that the initial pricing may not have aligned with current buyer expectations.
While the kitchen is updated, the 1957 construction and the listing's emphasis on 'potential' and 'personal touches' indicate that other areas of the home likely require further renovation to meet modern aesthetic standards.
A charming single-level home on one of the largest corner lots in the highly desirable Martinelli neighborhood. Offering abundant space and endless potential, this home is ready for your personal touchwhether you envision a custom remodel or prefer to move in and enjoy it as is. The updated kitchen provides a functional and inviting space for everyday living, while the generous family room offers flexibility as a fifth bedroom, home office, or additional living area. Recent improvements include exterior paint, a newer roof, and energy-efficient double-pane windows. A backyard with plenty of room for entertaining, gardening, or conveniently storing recreational vehicles. Ideally located in a sought-after neighborhood, you'll enjoy easy access to local shops and restaurants, as well as a short drive to beaches for relaxing coastal escapes. All highways are easily accessible.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.4 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,233 | 1,198.231 |
| Lot Size | 10,846 | 6,133.615 |
| Price | $969.0K | $816.1K |
| Price per sq ft | $434 | $618 |
| Built year | 1957 | 1966 |
| HOA | $0 | $320 |
| Days on market | 75 | 57 |
Aug 21, 2026
$969,000
$985,000
-2% Price Drop
Initial Listing
Aug 3, 2026
$985,000
$989,000
+0% Price Increase
Initial Listing
Jun 26, 2026
$989,000
Initial Listing
Sep 11, 2023
$910,000
Public Record