4230 Grace Street, Capitola, California 95010, Capitola, - bed, bath

home-pic
ACTIVE$874,900
4230 Grace Street, Capitola, California 95010
2Beds
1Bath
1,263Sqft
2,526Lot
Year Built
1956
Close
-
List price
$875K
Original List price
$875K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82024628
Home ConditionPoor
Features
Deck
Patio
ViewNeighborhood

About this home

Bank Owned, Great Capitola location, conveniently located close to schools, shopping, beach. Easy access to highway one for commuters. A diamond in the rough.

Price History

Date
Event
Price
10/12/25
Listing
$874,900
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (27 Listings)
Beds23
25%
Baths12
18%
Square foot1,2631,574
18%
Lot Size2,5265,031
18%
Price$875K$1.7M
7%
Price per square foot$693$1,111
11%
Built year19569830985
32%
HOA
Days on market25149
4%
Condition Rating
Poor

Built in 1956, this property is a 'diamond in the rough' as described, indicating it requires substantial rehabilitation. The kitchen features highly outdated tiled countertops and backsplash, basic white appliances, and simple cabinetry, all of which necessitate a full renovation. While some rooms have newer laminate flooring, the overall aesthetic is very dated. The exterior shows weathered shingle siding, an unkempt yard, and a worn wooden deck, all requiring significant maintenance and repair. Given the age and lack of visible major modern renovations, major systems (electrical, plumbing, HVAC) are likely original or very old, contributing to the need for extensive updates to meet current standards and comfort.
Pros & Cons

Pros

Desirable Coastal Location: Situated in the highly sought-after coastal city of Capitola, known for its charm and lifestyle.
Exceptional Convenience: Conveniently located close to schools, shopping, and the beach, enhancing daily living and appeal.
Commuter Accessibility: Offers easy access to Highway 1, a significant advantage for commuters.
Significant Investment Opportunity: Listed well below the estimated market value, suggesting immediate equity potential for a savvy buyer.
Single-Family Home Status: Provides the privacy and value of a detached single-family home in a prime area.

Cons

Bank-Owned & As-Is Condition: As a bank-owned property described as a 'diamond in the rough,' it is likely sold in as-is condition, requiring substantial renovation and investment.
Outdated Property Age: Built in 1956, the property likely requires significant updates to systems, finishes, and overall modernization to meet current standards.
Limited Living Space: With only 2 bedrooms and 1 bathroom, the property may not accommodate larger families or those desiring more living space, potentially narrowing the buyer pool.

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