423 Nelson Road, Scotts Valley, California 95066, Scotts Valley, 95066 - 3 bed, 2 bath
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423 Nelson Road
Scotts Valley, California 95066
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,846Sq Ft
53,100Lot Size
Property Price
LIST PRICE$1,499,000
EST. MARKET VALUE
$1,613,899
7% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $1,499,000—positioned well below the $1,613,900 Fair Market Value by 7%. This valuation gap provides $114,900 in Instant Equity. Featuring a Mint Condition Rating, the home includes a remodeled kitchen, vaulted wood-beam ceilings, and a separate 1bd/1ba guest house. With sweeping mountain views, a private spa, and a converted home gym, this property is an ideal acquisition for Owner-Occupants or multigenerational families seeking luxury and flexibility.
Estimated Market Value
$1,613,899+$114,899 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Scotts Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 423 Nelson Road Subject 3 bd · 2 ba · 1,846 sqft · $874 | $1,499,000* List Price | 3 | 2 | 1,846 | $874 | - |
A 304 Nelson Road Sold 3 bd · 2 ba · 1,982 sqft · $788 · 0.1 mi | $1,562,500 | 3 | 2 | 1,982 | $788 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1967, the property has undergone a comprehensive high-end remodel within the last 5 years. The interior features a modern kitchen with shaker cabinets and farmhouse sink, updated wide-plank flooring, dual-pane windows, and a converted gym, presenting in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 53100, living area = 1846.
- Multigenerational Living Potential
The inclusion of a separate 1bd/1ba guest house and a converted garage gym offers exceptional flexibility for rental income, extended family, or a dedicated home office.
- Expansive Usable Acreage
Situated on 1.2 acres, the property features a rare large level area in the Santa Cruz Mountains, providing ample space for gardening, recreation, and outdoor entertaining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =53100, other record lot size in square feet = 218. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Loss of Traditional Garage
The conversion of the garage into a heated gym reduces covered parking and storage options, which may be a drawback for buyers prioritizing vehicle protection.
- Vintage Infrastructure
Despite the extensive interior remodeling, the 1967 original build date suggests that core structural or utility systems may require ongoing maintenance compared to newer constructions.
About 423 Nelson Road
Nestled among sunny hills and open fields, this beautifully remodeled home is filled with warmth, character, and abundant natural light. Situated on 1.2 acres with sweeping views and plenty of usable outdoor space, the property enjoys a peaceful setting within easy reach of downtown Scotts Valley. Inside, vaulted wood-beam ceilings, wide-plank floors, and a striking fireplace create an inviting blend of modern country style and charm. Dual-pane windows welcome the morning sunshine into the home's uniquely bright and open floor plan. The spacious living areas flow into a beautifully updated kitchen with a farmhouse sink, Shaker cabinets, updated fixtures, ample counter space and pantry storage. The flexible floor plan includes three large bedrooms, a convenient home office nook, and a converted garage to a heated home gym. A separate 1bd/1ba guest house provides additional opportunities or multigenerational living. Outdoors, relax on the front lawn, gaze at the stars from the spa or backyard fire pit, or make use of the large, level area just below the home - ideal for gardening, recreation, and a variety of outdoor activities. A true country gem with room to spread out and enjoy the natural beauty of the Santa Cruz Mountains.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1967
- Lot Size
- 53,100 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 |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 2.0 | 2.9 |
| Square foot | 1,846 | 2,199.269 |
| Lot Size | 53,100 | 15,671.462 |
| Price | $1.50M | $1.54M |
| Price per sq ft | $812 | $680 |
| Built year | 1967 | 1987 |
| HOA | $0 | $284 |
| Days on market | 7 | 51 |
Pricing History
Listed for Sale
Oct 17, 2026
$1,499,000
Initial Listing
Sold
Feb 26, 2019
$917,000
Public Record
Sold
Nov 22, 2002
$142,000
Public Record