922 Ponselle Lane 3, Capitola, California 95010, Capitola, 95010 - 2 bed, 1 bath
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Capitola, California 95010
This Coastal Value-Add Condominium is listed at $569,000, aligning with its $568,651 Fair Market Value. Representing the most affordable entry point into the premium Capitola market, the property carries a Condition Rating of 4, featuring dated interiors that offer significant potential for forced appreciation through cosmetic updates. Residents benefit from a Park/Greenbelt View, a heated community pool and spa, and proximity to Soquel High School. This functional asset is an ideal acquisition for first-time buyers or Owner-Occupants looking to build equity in a high-demand coastal neighborhood.
Property is moderate renovation needed.
Built in 1976, the property is in clean, functional condition but remains largely dated. The kitchen and bathroom feature older oak cabinetry, laminate countertops, and original-style tile work. Visible popcorn ceilings and older wall heating systems suggest renovations are over 20 years old, placing it firmly in the fair category as it needs cosmetic updates to meet modern standards.
Situated in the highly desirable Capitola Knolls community, this property offers exceptional walkability to the iconic Gayle's Bakery, local schools, and the vibrant shopping and dining of Capitola Village.
With a recent price reduction to $569,000, this unit represents one of the most affordable entry points into the Capitola market, making it an attractive option for first-time buyers or as a vacation home.
The HOA provides excellent value through beautifully landscaped grounds, walking pathways, and access to a heated outdoor pool and hot tub, enhancing the overall lifestyle appeal.
The reliance on shared coin-operated laundry and a shared tandem garage may be a drawback for buyers seeking the convenience of in-unit appliances and private parking.
At $630 per month, the association dues are relatively high for a two-bedroom, one-bathroom unit, which could impact the monthly budget and overall affordability for some purchasers.
Who Wouldn't Want to live in desirable Capitola Knolls Community! Nestled in Capitola between beautiful beaches, walkable to Gayles Bakery, Local Elementary School and Middle Schools just down the street, and All the shopping and dining available in Capitola By The SEA! All this and an affordable price point! Close to Everything! Squeaky Clean 2 story unit ...vacant and ready for you to ENJOY! Is this a weekend get away or full time residence? Spacious upstairs bedrooms and full bath. Living room is open to full kitchen complete with a pantry closet. Lots of natural light inside. Spacious primary bedroom has walk-in closet. Second bedroom has wooden laminate like floors and gorgeous lighting maybe you make it an artists studio or office space? Extra storage in shared tandem garage. Shared coin operated community laundry right near garage. Capitola Knolls HOA Community offers beautifully landscaped surroundings, pathways, heated outdoor pool and hot tub. Come imagine the possibilities to make this one your own!
No exterior & parking available.
Grades 6-8 • 3.6 mi
Grades 6-8 • 5.2 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 893 | 893 | 50% |
| Lot Size | - | - | 50% |
| Price | $569.0K | $619.0K | 8% |
| Price per sq ft | $637 | $706 | 23% |
| Built year | 1976 | 1972 | 85% |
| HOA | $630.0 | $689 | 46% |
| Days on market | 85 | 131 | 31% |
Apr 9, 2026
$569,000
$589,000
-3% Price Drop
Initial Listing
Mar 12, 2026
$589,000
$599,000
-2% Price Drop
Initial Listing
Jan 27, 2026
$599,000
Initial Listing
Jan 27, 2017
$439,000
Public Record
May 27, 2015
$352,000
Public Record