12489 Coleman Avenue, Felton, California 95018, Felton, 95018 - 3 bed, 1 bath
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12489 Coleman Avenue
Felton, California 95018
ACTIVE
CONDITION: FAIR
3Beds
1Baths
1,252Sq Ft
5,000Lot Size
Property Price
LIST PRICE$715,000
EST. MARKET VALUE
$732,736
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $715,000—positioned well below the $732,736 Fair Market Value by 2%. This valuation gap offers $17,736 in Instant Equity. While the home maintains a Condition Rating of 4, recent capital improvements like a newer roof and electrical sub-panel mitigate immediate risk. The Redwood Forest Views and Trex Deck provide significant lifestyle appeal, though the dated interior offers a clear path for cosmetic value-add. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a mountain retreat.
Estimated Market Value
$732,736
Based on Realkey algorithm analyzing recent comparable sales in Felton.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1971, the property features critical recent updates including a 2-year-old roof, new water heater, and electrical sub-panel. However, the kitchen and bathroom remain dated with older tile countertops, cabinetry, and fixtures exceeding the 20-year age mark, requiring cosmetic modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Capital Improvements
The property features significant recent updates including a newer roof, water heater, and a newly installed electrical sub-panel, reducing immediate maintenance concerns for the buyer.
- Outdoor Living & Views
A spacious Trex deck and raised garden beds, set against a backdrop of beautiful redwood forest views, provide an exceptional environment for outdoor entertaining and mountain living.
- Prime Location
Situated on a quiet flag lot, the home offers a perfect balance of privacy and convenience with easy access to Loch Lomond recreation, local dining, and downtown Felton amenities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5000, other record lot size in square feet = 4574. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1252, other record living area = 985. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Limited Bathroom Count
The 3-bedroom layout is serviced by only a single bathroom, which may be a significant drawback for families or buyers seeking modern convenience.
- Market Momentum
The property has been on the market for over 30 days and has already undergone a $30,000 price reduction, suggesting a need to overcome initial pricing resistance.
About 12489 Coleman Avenue
Tucked away on a quiet flag lot in the beautiful Santa Cruz mountains, this charming 3-bed/1-bath home offers great curb appeal and beautiful redwood forest views. Inside, you are greeted by a cozy and inviting fireplace, perfect for curling up in front of on chilly evenings. Recent updates include a newer roof (approximately 2 years old), water heater, and newly installed electrical sub-panel. Enjoy nearly year-round gorgeous weather on the spacious Trex deck, ideal for relaxing with a refreshing beverage or dining outside, and with parking for four cars, theres plenty of room for guests to join. Gardeners will love the raised garden beds that receive ample sun, and a handy storage shed provides extra space for tools and gear. Wonderful location with easy access to Loch Lomond for boating, hiking, and outdoor recreation, locals favorite the Trout Farm restaurant and pool, and all the amenities of downtown Felton, including gourmet restaurants, locally owned grocery stores, major commute routes, and more.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1971
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 1,252 | 1,482.533 |
| Lot Size | 5,000 | 18,835.333 |
| Price | $715.0K | $929.7K |
| Price per sq ft | $571 | $636 |
| Built year | 1971 | 1964 |
| HOA | $0 | $1.6K |
| Days on market | 50 | 45 |
Pricing History
Listed for Sale
Aug 22, 2026
$715,000
$745,000
-4% Price Drop
Initial Listing
Price Change
Jul 21, 2026
$745,000
Initial Listing
Sold
May 27, 2022
$650,000
Public Record