785 Cathedral, Aptos, California 95003, Aptos, 95003 - 3 bed, 2 bath
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Aptos, California 95003
This Value-Add Country Residence represents a strategic acquisition, listed at $875,000, which aligns with its $875,000 Fair Market Value. While priced at market, the property offers a significant price-per-square-foot advantage at $515 compared to the $800 county median. Featuring a Condition Rating of 4, this 1943 vintage home requires repairs but provides a massive 15,333 sq. ft. level lot and scenic Hills and Greenbelt views. With a permitted foundation and partial electrical upgrades already completed, the property is a prime candidate for forced appreciation. This is an ideal project for Fix-and-Flip Investors or Owner-Occupants seeking to build equity through renovation.
Property is moderate renovation needed.
Built in 1943, this property is a classic vintage home that has been maintained but not fully modernized. While the foundation has been redone and the refrigerator is a newer stainless steel model, the kitchen features dated white cabinetry and older appliances. The interior retains original wood paneling and older light fixtures, and the listing explicitly mentions the need for repairs and 'upside potential,' indicating it requires updates to meet current market standards.
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 $515 per square foot, this property offers significant value compared to the county median of over $800, providing immediate equity potential for the buyer.
The property is ideally situated just minutes from Aptos Village, local beaches, and state parks, offering a private paradise with easy access to shopping, dining, and outdoor recreation.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1328.
The home is noted as needing several repairs to reach its full potential, which may require additional upfront capital and renovation effort from the buyer.
Built in 1943, the property may have aged systems and finishes that require further modernization beyond the already completed foundation and partial electrical upgrades.
Great Value at $515 a square foot, especially compared to County median of over $800 a square foot! Instant equity builder with a few repairs. 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 and forests, 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 here as well. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,700 | 1,896 | 37% |
| Lot Size | 15,333 | 6,839 | 76% |
| Price | $875.0K | $1.60M | 6% |
| Price per sq ft | $515 | $850 | 6% |
| Built year | 1943 | 1974 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 104 | 181 | 27% |
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