
Felton, California 95018
This property presents a High-Potential Investment Opportunity with a List Price of $897,000—positioned well below the $907,934 Fair Market Value by 1%. This valuation gap offers $10,934 in Instant Equity. Featuring a remodeled kitchen, leased Tesla solar, and a new septic tank, the home maintains a Fair Condition Rating with noted deferred maintenance. Its large 11,369 sqft lot and mountain views provide significant upside for value-add improvements. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 41 Grandview Avenue Subject 4 bd · 3 ba · 2,183 sqft · $416 | $897,000* List Price | 4 | 3 | 2,183 | $416 | - |
A 147 River Lane Sold 3 bd · 3 ba · 2,262 sqft · $450 · 0.7 mi | $1,018,000 | 3 | 3 | 2,262 | $450 | 0.7 mi |
B 322 River Road Active Under Contract 2 bd · 2 ba · 1,882 sqft · $524 · 0.4 mi | $987,000 List Price | 2 | 2 | 1,882 | $524 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property is livable with recent cosmetic updates including new carpet, fresh paint, and a newer remodeled kitchen. However, it remains dated overall with original bathrooms and popcorn ceilings, and the listing explicitly notes deferred maintenance requiring repairs and improvements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11369, living area = 2183.
The home features a recently remodeled kitchen with granite countertops and striking vaulted tongue-and-groove ceilings with exposed beams, blending modern updates with rustic charm.
Equipped with a leased Tesla solar system, a backup generator, and a newly installed septic tank, the property offers improved energy efficiency and operational reliability.
The property is being sold in 'as-is' condition with noted deferred maintenance, requiring a buyer willing to invest time and capital into repairs and improvements.
Residents are subject to an annual Mount Hermon Association fee of $1,307 plus water usage, which adds to the ongoing cost of homeownership.
Seller is motivated and ready to sell. Move in and work as you go to improve the property. Located in beautiful Mount Hermon Park, minutes to Hwy 17, Hwy 1, Downtown Santa Cruz, Beaches, shopping, dining, hiking trails and parks. Newer remodeled kitchen features warm honey-toned cabinetry, with dark granite countertops. Vaulted tongue-and-groove ceiling with open exposed beams in Living Room with brick gas fireplace. Nice sized bedrooms, new carpet and fresh paint throughout. Half bath upstairs and 2 full downstairs. Bonus Room. 2- car garage and additional off-street parking. Easy access from Graham Hill Rd. Distant mountain views, fenced backyard and plenty of room for gardening. Leased Tesla Solar system pays for itself. Generator hooked up and ready. New Septic Tank. Mount Hermon Assoc. provides water, maintains the roads, trails & bridges/current annual fee: $1307(annual) plus water usage (very reasonable). NOT an HOA. This is a great opportunity for handy person, contractor or investor. Priced to sell as is allowing for the expense of making deferred maintenance repairs and improvements. Easiest way to access once on Graham Hill Road towards Felton: first right PAST Summit Ave. is Grandview. From Felton, first left past Roaring Camp Railroad entrance is Grandview.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,183 | 1,412.783 |
| Lot Size | 11,369 | 15,541.304 |
| Price | $897.0K | $939.7K |
| Price per sq ft | $411 | $622 |
| Built year | 1978 | 1962 |
| HOA | $0 | $1.6K |
| Days on market | 37 | 50 |
Sep 17, 2026
$897,000
Initial Listing
Feb 29, 1996
$120,000
Public Record