768 Lake Village Drive, Watsonville, California 95076, Watsonville, 95076 - 3 bed, 2 bath
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Watsonville, California 95076
This property presents a High-Potential Investment Opportunity with a List Price of $625,000—positioned well below the $675,000 Fair Market Value by 7%. This valuation gap offers $50,000 in Instant Equity for buyers willing to execute a renovation plan. With a Condition Rating of 5, the home requires cosmetic updates to modernize its 1984 interior. The expansive 8,015 sq ft lot provides significant upside for homesteading or ADU expansion. This is a Value-Add Asset ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 768 Lake Village Drive Subject | $625,000* List Price | 3 | 2 | 1,260 | $503 | - |
A 450 Beck Street Sold | $539,000 | 3 | 2 | 1,242 | $434 | 0.4 mi |
B 738 Cynthia Court Sold | $610,000 | 2 | 2 | 1,277 | $478 | 0.5 mi |
C 708 Hill Avenue Sold | $790,000 | 3 | 2 | 1,324 | $597 | 0.5 mi |
D 205 Bockius Street Sold | $550,000 | 2 | 1 | 968 | $568 | 0.8 mi |
E 410 Spruce Circle Active | $545,000 List Price | 2 | 2 | 1,038 | $525 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1984 (40 years old) with mostly original finishes. The kitchen and bathrooms feature dated oak cabinetry and tile from the era of construction. Visible condition issues include heavily stained carpeting and popcorn ceilings. The listing's 'bring your vision' language and price point indicate a property in need of a full cosmetic rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8015, living area = 1260.
The property is attractively priced at $625,000, which is $50,000 below its recent appraisal of $675,000, providing significant instant equity for the buyer.
The oversized 8,015 sq ft lot features mature fruit trees, berry bushes, and a chicken coop, offering rare opportunities for gardening, homesteading, or ADU expansion.
The 'bring your vision' description indicates that the home likely requires cosmetic updates or significant repairs to modernize the 1984 interior.
With only 1,260 sq ft of living space for a 3-bedroom home, the individual room sizes may feel small or constrained compared to modern residential standards.
Bring your vision and unlock the potential of this charming single-level ranch home. Situated on an expansive 8,015+/- sq ft lot, this 3BR/2BA home offers approximately 1,260 sq ft of living space, a 2-car garage, and additional driveway parking. The setting and outdoor spaces make this property truly special. Enjoy a large deck for outdoor cooking and dining, a fully fenced and private-feeling backyard, mature landscaping, an impressive fig tree, lemon tree, thornless berry bushes, chicken coop, and storage shed. Plenty of room for gardening, entertaining, relaxation, homesteading, or possible ADU expansion. Recently appraised at $675,000 and attractively offered at $625,000. This home is NOT in the Adult Village and has no age restrictions.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,260 | 1,459 | 32% |
| Lot Size | 8,015 | 10,106 | 47% |
| Price | $625.0K | $850.0K | 18% |
| Price per sq ft | $496 | $578 | 27% |
| Built year | 1984 | 1975 | 69% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 137 | 1% |
May 28, 2026
$625,000
Initial Listing
Feb 24, 2012
$296,000
Public Record