17415 Locust Drive, Los Gatos, California 95033, Los Gatos, 95033 - 2 bed, 2 bath
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17415 Locust Drive
Los Gatos, California 95033
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,164Sq Ft
4,440Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$840,633
4% BelowMARKET VALUE
SUMMARY
This Updated Mountain Retreat is a Strong Value Opportunity, listed at $799,000—positioned well below the $840,634 Fair Market Value by 4%. This valuation gap offers $41,634 in Instant Equity for buyers. The property maintains a Good Condition Rating, featuring recent updates like wide-plank flooring and refreshed baths. With breathtaking mountain views, two levels of covered decks, and access to top-rated Los Gatos schools, it balances lifestyle appeal with financial stability. This is an ideal acquisition for Owner-Occupants or first-time buyers.
Estimated Market Value
$840,633+$41,633 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Gatos.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1994 (30 years old), the property has undergone recent updates including new wide-plank flooring, exterior paint, and updated bathroom vanities and fixtures. The home appears well-maintained, functional, and move-in ready, fitting the 'Good' criteria despite the age of the structure.
PROSSTRENGTHS & OPPORTUNITIES
- Scenic Views and Outdoor Living
The property features breathtaking mountain views with a peek of the Lexington Reservoir, enhanced by two levels of covered decks that maximize the serene natural setting.
- Premier School District
Residents have access to highly-coveted Los Gatos schools, including Lexington Elementary, Fisher Middle, and Los Gatos High, which serves as a major driver for long-term property value.
- Quality Construction and Recent Updates
Built with the durable Pacific SmartWall System, the home has been recently refreshed with new wide-plank flooring, exterior paint, and updated bathroom vanities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1164, other record living area = 925. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- Market Stagnation and Pricing History
With 53 days on the market and two significant price reductions from the original $900,000 asking price, the listing may face perception challenges regarding its market value.
- Limited Square Footage and Lot Size
The modest 1,164 square foot living area and 4,440 square foot lot may feel restrictive for buyers seeking the expansive space or privacy often expected in a mountain retreat.
About 17415 Locust Drive
Amazing views above Lexington Reservoir from this updated Aldercroft Heights Home! Discover this custom-built gem by Pacific Modern Homes (approx 1992), designed for durability and comfort. The interior is bathed in natural light from stunning arched picture windows and french doors, centered around a dramatic living room with soaring vaulted ceilings that create an airy, open sanctuary. The home offers a highly functional layout, with 1 one bedroom & bath upstairs, and another bedroom & bath downstairs, including a spacious basement with a dedicated laundry area. Recent updates include new exterior paint, new wideplank flooring, updated bathroom vanities and fixtures. Featuring the renowned "Pacific SmartWall System," this residence is built with robust construction offering peace of mind in a beautiful, natural setting. Two levels of lovely covered decks are perfect for enjoying morning coffee or serving as a peaceful space. Outdoor living is a dream with breathtaking mountain views with a peek at the reservoir and small yard for gardening and play. Friendly Aldercroft Heights community & proximity to Lexington Reservoir for kayaking, fishing and hiking. Great Commute; 10 minutes to town and best Los Gatos Schools: Lexington Elementary, Fisher Middle and Los Gatos High!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1994
- Lot Size
- 4,440 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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 | 2.0 | 3.8 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,164 | 2,311.559 |
| Lot Size | 4,440 | 29,516.661 |
| Price | $799.0K | $2.79M |
| Price per sq ft | $686 | $1.2K |
| Built year | 1994 | 1971 |
| HOA | $0 | $217 |
| Days on market | 55 | 42 |
Pricing History
Listed for Sale
Sep 3, 2026
$799,000
$850,000
-6% Price Drop
Initial Listing
Price Change
Jul 29, 2026
$850,000
$900,000
-6% Price Drop
Initial Listing
Price Change
Jul 16, 2026
$900,000
Initial Listing