785 Cathedral, Aptos, California 95003, Aptos, 95003 - 3 bed, 2 bath
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Aptos, California 95003
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned well below the $786,408 Fair Market Value (Note: Market adjustment reflects current pricing strategy). While the home carries a Condition Rating of 5, the foundation and electrical updates provide a solid base for further modernization. The expansive 1/3-acre lot and scenic Park/Greenbelt views offer significant upside potential for value-add renovations. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic improvements.
Property is extensive renovation needed.
Built in 1943, the property features a kitchen and bathrooms that appear to be 30-50 years old with significant dating. While the foundation and some electrical systems have been updated, the interior finishes, wood paneling, and overall condition require a comprehensive rehab to meet modern standards, consistent with the 'upside potential' mentioned in the listing.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15333, living area = 1700.
Priced at approximately $511 per square foot, this property offers significant value compared to the county median of over $800, providing immediate equity potential for the buyer.
The home is ideally situated just minutes from Aptos Village, local beaches, and state parks, offering a perfect balance of private country living and convenient access to amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1328.
With over 150 days on the market and multiple price reductions, the property may carry a stigma of stagnation that could affect future resale or buyer perception.
Built in 1943, the home likely requires further modernization of its systems and finishes beyond the completed foundation work to meet contemporary living standards.
Equity Builder! Best Value in Aptos at only $468 per square foot, especially compared to County median of over $800 a square foot! Truly your own private paradise just minutes to beach, quaint Aptos Village with restaurants, New Leaf Market and shopping, not to mention incredible state parks, all within a few minute drive, bike or walk. If you're tired of the cookie cutter faire that's out there, especially at this price point, this property may be just what you have been seeking... Set on a sunny, level 1/3 acre this charming approximately 1700 square foot country home harkens back to a simpler time, and the neighbors still know and look after one another. Horizontal exterior wood siding, hardwood floors and stained vertical pine interiors, dimensional framing lumber. It's all there. The foundation has been completely redone with permits and some electrical upgraded. The separate living and family rooms, kitchen, 2 bedrooms and full bath are all at the entry level. One bedroom, a bonus room and half bath are located upstairs. Truly a great value with upside potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,700 | 1,911 |
| Lot Size | 15,333 | 8,886 |
| Price | $745.0K | $1.47M |
| Price per sq ft | $438 | $858 |
| Built year | 1943 | 1977 |
| HOA | $0 | $238 |
| Days on market | 195 | 43 |
Jul 8, 2026
$745,000
$795,000
-6% Price Drop
Initial Listing
Jun 24, 2026
$795,000
$855,000
-7% Price Drop
Initial Listing
Jun 7, 2026
$855,000
$869,000
-2% Price Drop
Initial Listing
May 9, 2026
$869,000
$875,000
-1% Price Drop
Initial Listing
Apr 8, 2026
$875,000
$885,000
-1% Price Drop
Initial Listing
Jan 25, 2026
$885,000
$895,000
-1% Price Drop
Initial Listing
Jan 8, 2026
$895,000
Initial Listing