423 Nelson Rd., Scotts Valley, California 95066, Scotts Valley, 95066 - 4 bed, 3 bath
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Scotts Valley, California 95066
This Renovated Single Family Residence is a Strong Value Opportunity, listed at $1,580,000—positioned well below the $1,759,382 Fair Market Value by 10%. This valuation gap offers $179,382 in Instant Equity. Featuring a Mint Condition Rating, the home includes a Chef's Kitchen, Spa-like Bathrooms, and a 1bd/1ba ADU for rental income. With Sweeping Mountain Views and a 1.2-Acre Lot, this property balances luxury living with financial upside, making it an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 423 Nelson Rd. Subject | $1,580,000* List Price | 4 | 3 | 3,412 | $516 | - |
A 231 Nelson Road Sold | $1,449,000 | 4 | 3 | 2,548 | $569 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last 5 years, featuring a modern chef's kitchen with premium finishes, updated spa-like bathrooms, and new wide-plank flooring throughout. The interior condition is mint and move-in ready, effectively neutralizing the 1969 build date.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 52790, living area = 3412.
The property includes a detached 1bd/1ba guest house with a $3,200 rental potential, providing an excellent opportunity for mortgage offset, a home office, or multi-generational living.
Listed at $1,580,000 despite a recent 2024 appraisal of $1,750,000, this home offers buyers significant immediate equity in a highly desirable Scotts Valley location.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =52790, other record lot size in square feet = 218.
The original garage has been converted into a gym/living area, meaning buyers requiring traditional covered parking for vehicles would need to invest in a conversion or new construction.
Despite the high-end modern renovations, the 1969 build date suggests that some underlying structural elements or utility systems may be nearing the end of their typical lifespan.
SUNSATIONAL! Rare treasure, nestled in a peaceful cul-de-sac and bathed in sunlight; this beautifully renovated 3bd, 3ba home + 4th bd option AND 1bd, 1bth ADU; offers the perfect blend of rural serenity and modern luxury. Just 1 mile from town, and set on 1.2 acres with sweeping views, this home features an open floor plan, vaulted beam ceilings, a grand fireplace, wide plank floors, and a striking central staircase. Step into a spacious, open entry, living room, dining room, chef's kitchen with food and butlers' pantries, perfect for entertaining. You'll also find a spacious bd with walk-in closet and private entrance, an office, gym, laundry room, and extra storage room. Upstairs, a huge primary bd with stunning views, and walk-in closet. The bathroom has a spa-like soaking tub, towel warmer, bidet, & dual vanity. A third oversized bd with double closets. The gym can easily be converted to a 4th bd or garage. Step outside to a welcoming wraparound yard, fire pit, spa, lawns, fountain, plus a 4,000+ sq ft additional yard area (for pool, sport court or horses). The charming 1bd/1ba guest house used for family or $3200 rental or work-from-home space. Enjoy top-rated schools, parks, shops, and a warm community vibe. Appraised 2024 for $1,750,000!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,412 | 2,210 | 91% |
| Lot Size | 52,790.359 | 15,333 | 80% |
| Price | $1.58M | $1.45M | 57% |
| Price per sq ft | $463 | $720 | 3% |
| Built year | 1969 | 1979 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 113 | 3% |
Jun 2, 2026
$1,580,000
Initial Listing
Feb 26, 2019
$917,000
Public Record
Nov 22, 2002
$142,000
Public Record