
Watsonville, California 95076
This Spacious Single-Level Residence represents a High-Potential Investment Opportunity, listed at $929,000—positioned well above the $863,647 Fair Market Value by 7%. While the property requires modernization, its Fair Condition Rating is offset by a massive 10,846 sqft corner lot and recent structural upgrades, including a newer roof and double-pane windows. The flexible floor plan allows for a fifth bedroom conversion, maximizing rental or resale utility. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through strategic interior renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 729 Martinelli Street Subject 4 bd · 3 ba · 2,233 sqft · $380 | $898,000* List Price | 4 | 3 | 2,233 | $380 | - |
A 65 Monte Vista Avenue Sold 4 bd · 2 ba · 3,010 sqft · $382 · 0.3 mi | $1,150,000 | 4 | 2 | 3,010 | $382 | 0.3 mi |
B 913 Acorn Way Active Under Contract 4 bd · 3 ba · 2,488 sqft · $432 · 0.9 mi | $1,075,000 List Price | 4 | 3 | 2,488 | $432 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the home is well-maintained but dated. While it features a newer roof, exterior paint, and double-pane windows, the interior finishes—including the oak kitchen cabinets, blue bathroom fixtures, and wood paneling—are likely over 20 years old and require modernization to meet current standards.
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 sqft parcel offers rare space for RV storage, gardening, and extensive outdoor entertaining.
The property features significant recent improvements including a newer roof, energy-efficient double-pane windows, and fresh exterior paint, providing immediate value and reducing near-term maintenance costs.
The property has undergone three consecutive price reductions from an initial $989,000 to $929,000, which may indicate a struggle to align with current buyer expectations or market value.
While the kitchen is updated, the 1957 construction and 'endless potential' description suggest that other interior areas likely require additional investment to bring them up to contemporary standards.
Beautiful and 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 touch, whether 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 | 2.5 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,233 | 1,212.057 |
| Lot Size | 10,846 | 5,911.8 |
| Price | $898.0K | $802.3K |
| Price per sq ft | $402 | $598 |
| Built year | 1957 | 1966 |
| HOA | $0 | $277 |
| Days on market | 120 | 57 |
Oct 2, 2026
$898,000
$929,000
-3% Price Drop
Initial Listing
Sep 9, 2026
$929,000
$969,000
-4% Price Drop
Initial Listing
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