1940 Waterman Gap Loop, California, Boulder Creek, 95006 - 3 bed, 2 bath
1940 Waterman Gap Loop
California
Property Price
SUMMARY
Analysis of 1940 Waterman Gap Loop, California is currently available with a list price of $675,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the California Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1989, this property is 35 years old. The listing explicitly states 'Renovations to the house have been in progress. Seller would like to sell As-is,' and targets 'Investors, flippers, & contractors.' The images confirm a highly outdated kitchen with old appliances, cabinets, countertops, and lighting, requiring a full overhaul. Bathrooms are also dated. Carpets appear worn, and decks need maintenance. This indicates the property is not move-in ready and requires substantial repairs and rehabilitation to bring it to a modern, comfortable living standard, aligning with the 'Poor' condition criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Expansive & Private Acreage
Sprawling 4.8-acre lot offering significant privacy, ample space for vehicles/expansion, and surrounded by mature redwoods and diverse wildlife.
- High Value-Add Potential
Explicitly positioned for investors, flippers, and contractors, indicating a prime opportunity for significant equity gain through completion of renovations.
- Flexible Living with Separate Studio
Features a main residence with charming details like a fireplace and high ceilings, plus a separate studio with its own entrance and en-suite, ideal for rental income or multi-generational living.
CONSRISKS & DEFICIENCIES
- As-Is Sale & Unfinished Renovations
The property is sold 'as-is' with renovations currently in progress, requiring the buyer to complete the work and potentially address unforeseen issues.
- Potential for Outdated Systems
Built in 1989, the 'as-is' nature suggests that core systems (e.g., electrical, plumbing, HVAC) may be original or require substantial modernization, adding to renovation costs.
- Navigation Inconvenience
The listing explicitly notes incorrect GPS directions, which could pose a minor logistical challenge for showings and future access.
About 1940 Waterman Gap Loop
Investors, flippers, & contractors: heres your opportunity to get your hands on a private piece of paradise. This ranch style home has 3 bedrooms, and 2 full bathrooms. Living room includes a cozy fireplace, and high ceilings. Down below, through a separate entrance is a studio with its own en-suite bathroom. The entire property have picturesque south facing decks. The attached 2 car garage has ample space for storage. Sun exposure is not shy here! Surrounding the property are massive redwoods, pines, firs, Madrones, a myriad of birds, butterflies, and deer. Amongst some of the best horse properties, and trails. Great for dogs, or other animals. The property is 4.8 acres allowing for plenty of room if you have a motor home, or lots of cars. Easy commute to Saratoga, and to Boulder Creek. Renovations to the house have been in progress. Seller would like to sell As-is. **GPS is not correct (Take Via Paloma Dr. Instead)
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 209,698 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,342 | 1,496 | 44% |
| Lot Size | 209,698 | 21,040 | 88% |
| Price | $675.0K | $695.0K | 44% |
| Price per sq ft | $503 | $495 | 56% |
| Built year | 1989 | 1960 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 1073 | 220 | 0% |
Pricing History
Listed for Sale
Aug 7, 2025
$675,000
Initial Listing
Price Change
Mar 30, 2023
$850,000
Initial Listing