
Scotts Valley, California 95066
This Versatile Scotts Valley Residence is a Strong Value Opportunity, listed at $1,220,000—positioned well below the $1,346,281 Fair Market Value by 9%. This valuation gap provides $126,281 in Instant Equity. While maintaining a functional Condition Rating of 4, the home features a lower-level wet bar and separate access, creating immediate potential for a Junior ADU or In-Law Suite. The expansive 11,195 sq ft lot offers a terraced backyard with peaceful mountain views. This property is an exceptional acquisition for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors targeting high-demand rental markets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 141 Lunar Drive Subject | $1,220,000* List Price | 4 | 3 | 2,245 | $600 | - |
A 19 Jolley Way Sold | $925,000 | 2 | 1 | 1,481 | $625 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968, the home has undergone previous renovations likely 15-25 years ago. While the interior features updated flooring and recessed lighting, the kitchen contains dated cabinetry and white appliances. The property is functional and move-in ready but requires cosmetic modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11195, living area = 2245.
Priced at $1,220,000, this property represents one of the most affordable 4-bedroom opportunities in the desirable Scotts Valley market, offering significant equity potential.
The lower level features a wet bar, office, bedroom, and separate backyard access, providing a turnkey layout for a junior ADU or a private multi-generational in-law suite.
Built in 1968, the home likely requires modernization of its original systems and cosmetic finishes to align with contemporary luxury standards.
The multi-level terraced backyard, while scenic, limits flat usable space for recreation and may require higher maintenance costs for retaining wall integrity.
Located in a desirable Scotts Valley neighborhood, 141 Lunar Drive offers a rare combination of space, flexibility, and value. This 4bedroom, 3bath SFR sits on an expansive 11,195 sq ft lot and is offered at $1,220,000, making it one of the most affordable 4bedroom homes currently available in Scotts Valley. The home features a versatile layout with a large primary suite on the top floor that includes a generous sized en-suite bath. An expansive downstairs family room is highlighted by large windows that look out over the backyard. A built in wet bar with cabinetry, along with an adjacent office, bedroom, and full bathroom, create a flexible space that could easily be converted into a junior ADU or inlaw suite, complete with separate access to the backyard. Outside, the private, multi level backyard is terraced with retaining walls and offers peaceful views of the surrounding mountains. With generous space for entertaining, gardening, or future improvements, the yard provides privacy and connection to the natural setting. A 2 car garage and ample driveway space provides plenty of parking. With its functional floor plan, generous lot size, and compelling price point, this home presents an outstanding opportunity for buyers seeking value and flexibility in the Scotts Valley market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,245 | 2,210 | 52% |
| Lot Size | 11,195 | 15,333 | 42% |
| Price | $1.22M | $1.53M | 30% |
| Price per sq ft | $543 | $700 | 12% |
| Built year | 1968 | 1980 | 24% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 99 | 3% |
Apr 13, 2026
$1,220,000
Initial Listing
Dec 28, 1994
$263,000
Public Record