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 UNDER CONTRACT
CONDITION: GOOD
2Beds
2Baths
1,164Sq Ft
4,440Lot Size
Property Price
LIST PRICE$749,000
EST. MARKET VALUE
$749,000
SUMMARY
This Custom-Built Single Family Residence represents a Strong Value Opportunity, listed at $749,000—positioned well below the $749,000 Fair Market Value (market-stable). While the property has experienced a longer market duration, its Good Condition Rating and recent cosmetic updates, including new flooring and paint, ensure a move-in ready state. Featuring the durable Pacific SmartWall System, vaulted ceilings, and breathtaking mountain views, this home offers a unique lifestyle near Lexington Reservoir. It is an ideal acquisition for Owner-Occupants seeking top-tier Los Gatos schools or first-time buyers prioritizing location.
Estimated Market Value
$749,000
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.
Built in 1994 (30 years old), the property qualifies as 'Good' due to recent significant cosmetic renovations. Updates include new wide-plank flooring, fresh exterior paint, and modernized bathroom vanities and fixtures. While some elements like the shower surrounds appear original, the home is well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Premier School District & Location
The property is zoned for top-tier Los Gatos schools, including Lexington Elementary and Los Gatos High, while offering immediate proximity to Lexington Reservoir for premium outdoor recreation.
- Architectural Volume & Natural Light
Dramatic vaulted ceilings and stunning arched picture windows create an airy, light-filled sanctuary that makes the interior feel significantly more spacious and modern.
- Durable Custom Construction
Built with the 'Pacific SmartWall System,' this custom Pacific Modern Home offers enhanced structural durability and energy efficiency, providing long-term peace of mind in a mountain setting.
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 & Pricing History
With 79 days on market and three consecutive price reductions from the original $900,000 asking price, the property has struggled to find its market value, which may impact future resale perception.
- Limited Square Footage & Lot Size
At just 1,164 square feet on a modest 4,440 square foot lot, the property offers limited interior living space and minimal yard area compared to other single-family residences in the region.
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 | 2,245.623 |
| Lot Size | 4,440 | 24,726.519 |
| Price | $749.0K | $2.78M |
| Price per sq ft | $643 | $1.2K |
| Built year | 1994 | 1970 |
| HOA | $0 | $194 |
| Days on market | 100 | 42 |
Pricing History
Listed for Sale
Oct 3, 2026
$749,000
$799,000
-6% Price Drop
Initial Listing
Price Change
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