
Felton, California 95018
This Storybook Forest Bungalow is a Strong Value Opportunity, listed at $699,000—positioned well below the $740,538 Fair Market Value by 5%. This valuation gap provides $41,538 in Instant Equity. While maintaining a Condition Rating of 4 with a remodeled bathroom and wood floors, the property offers significant upside through its detached outbuilding and separate flex room. Located in the serene Forest Lakes community with a Trees/Woods view, it perfectly balances lifestyle and appreciation. This is an ideal acquisition for Owner-Occupants or creative professionals.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 123 Pine Avenue Subject | $699,000* List Price | 1 | 1 | 962 | $770 | - |
A 485 Manzanita Avenue Active | $800,000 List Price | 2 | 1 | 1,112 | $719 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960, the property is over 60 years old. While the bathroom has been remodeled with a modern pebbled shower, the kitchen remains dated with older wood cabinetry and basic fixtures. The home appears well-maintained and functional, but the age of the structure and the dated kitchen suggest a need for minor repairs and aesthetic updates to meet modern standards.
The property includes a large detached outbuilding and a separate downstairs flex room with its own entrance, providing significant utility for a home office, studio, or creative workshop.
Situated in the desirable Forest Lakes community, the home offers easy access to a neighborhood park and swimming hole, blending a rustic retreat with recreational convenience.
The bungalow features an open-concept layout with wood floors and a remodeled bathroom with a pebbled shower, offering move-in-ready comfort while maintaining its storybook character.
With only one formal bedroom, the property may have limited appeal for families or buyers requiring multiple traditional sleeping quarters, potentially narrowing the buyer pool.
Built in 1960, the home may require ongoing maintenance or updates to older systems typical of properties from this period in a wooded environment.
Ideally situated in the serene Forest Lakes community, this sunny, storybook bungalow offers a bright and peaceful retreat on a spacious lot with plenty of room to garden and roam. Ideally located with easy access to the neighborhood park, swimming hole, and recreational areas, this home seamlessly blends rustic charm with everyday convenience. Inside, the main level features a warm and inviting open-concept living space filled with natural light and accented by beautiful wood floors. A separate dining area, generously sized bedroom and remodeled bathroom with pebbled shower add modern comfort without sacrificing the home's cozy character. Step outside to enjoy effortless indoor-outdoor living on the private deck which is ideal for relaxing or entertaining and overlooks a natural, tranquil yard. The property also includes a large detached outbuilding, perfect for use as a workshop, studio, or meditation space. Downstairs, a separate flex room with its own entrance offers excellent versatility for a home office, creative space, or studio area. The thoughtful layout allows for great separation of space, and additional under-house storage enhances everyday practicality. This is a rare opportunity to own a peaceful getaway in a sought-after setting. Dont miss this special gem!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 6% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 962 | 1,432 | 6% |
| Lot Size | 6,621 | 17,206.199 | 12% |
| Price | $699.0K | $900.0K | 24% |
| Price per sq ft | $727 | $550 | 88% |
| Built year | 1960 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 115 | 6% |
Apr 27, 2026
$699,000
Initial Listing
Jun 29, 2001
$313,000
Public Record
Jul 22, 1998
$170,000
Public Record