2611 Monterey Avenue, Soquel, California 95073, Soquel, - bed, bath
ACTIVE$750,000
2611 Monterey Avenue, Soquel, California 95073
2Beds
1Bath
896Sqft
11,587Lot
Year Built
1930
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81995210
Home ConditionTear down
Features
Good View: Park/Greenbelt
ViewPark/Greenbelt
About this home
Development opportunity in an excellent Soquel location. Dig in on your upcoming development in this recently Re-zoned RF- MIN Zoning favorable for increased number of units. Level usable property with a 1930s single family home in poor order. Purchase will require all cash or a hard money loan. Property to be sold as is, the seller will remove personal property from the property prior to the close of escrow. New RF-MIN zoning speaks to the possibility of 10 units on this land. It's on urban service lines including sewer & natural gas plus water is served via a private well.
Price History
Date
Event
Price
02/24/25
Listing
$750,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (30 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 16% |
| Baths | 1 | 2 | 16% |
| Square foot | 896 | 1,844 | 6% |
| Lot Size | 11,587 | 11,587 | 50% |
| Price | $750K | $1.5M | 6% |
| Price per square foot | $837 | $809 | 58% |
| Built year | 1930 | 1973 | 6% |
| HOA | |||
| Days on market | 255 | 146 | 94% |
Condition Rating
Tear down
The MLS description explicitly states the 1930s single-family home is in 'poor order' and highlights the property as a 'development opportunity' with new zoning for up to 10 units, indicating the value is in the land. Images show extreme disarray, dilapidated outbuildings, and significant clutter, suggesting the existing structure is unlivable and likely beyond repair for residential use. The requirement for 'all cash or a hard money loan' further supports the property's condition being unsuitable for conventional financing, aligning with a tear-down scenario where the land is the primary asset.
Pros & Cons
Pros
Development Potential: The property is explicitly marketed as a development opportunity, with new RF-MIN zoning allowing for a significant increase in units, potentially up to 10.
Favorable Zoning: Recently re-zoned to RF-MIN, which is highly favorable for increased density and multi-unit development, maximizing land use.
Prime Location: Situated in an 'excellent Soquel location,' offering desirability and potential for strong future rental or resale values for developed units.
Essential Utilities Available: The property is connected to urban service lines, including sewer and natural gas, simplifying development logistics and reducing utility installation costs.
Usable Lot & Water Source: Features a level, usable property, which is ideal for construction, and benefits from water served via a private well, providing an independent water supply.
Cons
Poor Condition of Existing Structure: The 1930s single-family home is in 'poor order,' indicating it will likely require demolition, adding significant cost and time to the development project.
Limited Financing Options: The requirement for 'all cash or a hard money loan' significantly narrows the pool of potential buyers, as traditional financing is not available.
As-Is Sale: The property is being sold 'as is,' meaning the buyer assumes all responsibility for any existing conditions, repairs, or unforeseen issues, increasing financial risk.