5301 Freedom Boulevard, Aptos, California 95003, Aptos, - bed, bath

home-pic
ACTIVE$860,000
5301 Freedom Boulevard, Aptos, California 95003
2Beds
1Bath
900Sqft
51,619Lot
Year Built
1948
Close
-
List price
$860K
Original List price
$875K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81994546
Home ConditionTear down
Features
View-

About this home

Are you seeking a project with immense upside potential? Look no further! This 1.1-acre approx. property is fully usable offering a unique opportunity for investors and developers alike. With RA zoning, the county permits two homes plus a barn or outbuilding, providing incredible flexibility to create your dream estate or investment property. The property includes one existing fixer-upper home. Enjoy the convenience of two electric meters, two gas lines, and an operational water meter already in place. Septic systems permitted. Sunny, beautiful building areas are set back from the main road, providing privacy and tranquility. The property is to be sold in As Is Condition, and buyers are advised to verify all information with the Santa Cruz Planning Department. Plans for the property will be available at the time of purchase. This property presents a rare chance to capitalize on a versatile and promising piece of real estate. Dont miss out on this exceptional​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ opportunity!

Price History

Date
Event
Price
08/07/25
Price Change
$860,000
05/07/25
Listing
$875,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (91 Listings)
Beds23
20%
Baths12
12%
Square foot9001,920
8%
Lot Size51,6198,560
88%
Price$860K$1.49M
10%
Price per square foot$956$784.5
67%
Built year19489870988
7%
HOA
Days on market182151
62%
Condition Rating
Tear down

Built in 1948, the property description explicitly states it includes 'one existing fixer-upper home' and is 'sold in As Is Condition,' emphasizing its 'immense upside potential' for investors and developers to build 'two homes plus a barn or outbuilding.' The images show a small, severely dilapidated structure with visible exterior damage and neglect, strongly suggesting it is unlivable and beyond practical repair. The property's value is clearly based on the land and its redevelopment potential, not the existing structure.
Pros & Cons

Pros

Development Potential: Expansive 1.1-acre fully usable lot with RA zoning, permitting two homes and an outbuilding, offering significant development and investment upside.
Pre-Existing Utilities: Equipped with two electric meters, two gas lines, and an operational water meter already in place, significantly reducing initial development costs and time.
Privacy & Seclusion: Building areas are strategically set back from the main road, ensuring privacy and a tranquil environment for future residences.
Investor-Ready Opportunity: Clearly positioned as a high-potential project for investors and developers, highlighting its versatility and long-term value creation.
Recent Price Adjustment: A recent price reduction from $875,000 to $860,000 indicates a motivated seller and potential for a more attractive acquisition.

Cons

"As-Is" Fixer-Upper: The existing 1948-built home is explicitly a "fixer-upper" sold in "As Is" condition, necessitating substantial renovation or demolition costs.
Extensive Renovation Required: Given its age (1948) and "fixer-upper" status, the existing 900 sqft structure will require considerable investment for modernization or complete redevelopment.
Septic System Reliance: While permitted, the property relies on septic systems, which may present long-term maintenance considerations or perceived limitations compared to public sewer connections.

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