1004 Laurel Avenue, Felton, California 95018, Felton, 95018 - 3 bed, 1 bath
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Felton, California 95018
This Strong Value Opportunity is a Single Family Residence listed at $739,000, positioned well below the $760,371 Fair Market Value by 2%. This valuation gap provides $21,371 in Instant Equity. Featuring a Fair Condition Rating, the home offers a serene redwood setting with an expansive deck and cathedral ceilings, though it requires modernization. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in the desirable Forest Lakes community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1004 Laurel Avenue Subject | $739,000* List Price | 3 | 1 | 1,200 | $634 | - |
A 485 Manzanita Avenue Active | $800,000 List Price | 2 | 1 | 1,112 | $719 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the property is well-maintained but significantly dated, fitting the 'Fair' criteria. The kitchen features knotty pine cabinetry, glass block backsplashes, and older appliances that likely date back 20-30 years. While the home appears move-in ready with functional living spaces and a large deck, the age of the systems and the single bathroom suggest a need for modernization and minor repairs.
Located in the desirable Forest Lakes community, the property offers a serene retreat surrounded by majestic redwoods with immediate access to hiking trails and a neighborhood lake.
The interior features dramatic cathedral ceilings, clerestory windows, and a versatile loft, creating a light-filled and spacious atmosphere that maximizes the home's 1,200 square foot footprint.
Following a significant price adjustment, the home is now listed below its 2022 sale price of $749,000, presenting a strong value opportunity for buyers looking to enter the Felton market.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1200, other record living area = 1256.
With three bedrooms and only one bathroom, the layout may pose functional challenges for families or guests and could impact future resale value compared to multi-bath homes.
The 5,227 square foot lot is relatively small for a mountain property, which may limit outdoor expansion possibilities and requires diligent maintenance due to the dense tree canopy.
Major price adjustment! Don't miss this opportunity. Nestled among majestic redwoods in the highly sought-after Forest Lakes community, this charming retreat offers the perfect blend of privacy, comfort, and natural beauty. Enjoy dappled sunlight filtering through the trees and a peaceful setting just moments from the neighborhood's summertime lake, playground, and the endless hiking trails of Henry Cowell Redwoods State Park. Inside, light-filled living spaces create an inviting atmosphere, featuring an open kitchen and family room ideal for gathering. The dramatic living room boasts soaring cathedral ceilings, clerestory windows, and a cozy loft that provides flexible space. Step outside to the expansive deck and relax among the redwoods in your own private outdoor sanctuary. The versatile floor plan offers endless possibilities to fit your lifestyle. Just minutes from the charming town of Felton, only six miles to Santa Cruz's world-class beaches, and with an easy commute to Silicon Valley, this unique home combines the serenity of mountain living with everyday convenience. Whether you're looking for a full-time residence or a peaceful weekend escape, this Forest Lakes gem is a rare opportunity to experience the best of life in the redwoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,200 | 1,837 |
| Lot Size | 5,227 | 24,698.5 |
| Price | $739.0K | $1.05M |
| Price per sq ft | $616 | $565 |
| Built year | 1953 | 1957 |
| HOA | $0 | $2.7K |
| Days on market | 23 | 53 |
Jul 22, 2026
$739,000
$779,000
-5% Price Drop
Initial Listing
Jun 30, 2026
$779,000
Initial Listing
Sep 2, 2022
$749,000
Public Record
Aug 1, 2016
$535,000
Public Record
Sep 28, 2000
$195,000
Public Record