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 $1,735,110 Fair Market Value by 8%. This valuation gap offers $155,110 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 1.2 acres and Sweeping Mountain Views, this property balances luxury living with financial upside. It is an ideal acquisition for Owner-Occupants seeking a mortgage-offsetting property or Buy-and-Hold Investors.
Renovated 4bd/3ba Scotts Valley home with ADU on 1.2 acres. Listed at $1.58M with $155k instant equity. Features mountain views, chef's kitchen, and luxury spa.
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 | $509 | - |
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.
Although built in 1969, the property has undergone a comprehensive high-end renovation within the last 5 years. It features a modern chef's kitchen, updated spa-like bathrooms, wide plank flooring, and a 2024 appraisal that confirms its mint condition and modern luxury status.
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 separate 1bd/1ba guest house with a rental potential of $3,200 per month, offering a significant mortgage offset or a private work-from-home suite.
Set on 1.2 acres, the lot features a rare 4,000+ sq ft flat area suitable for a pool, sport court, or horses, providing exceptional outdoor versatility just one mile from town.
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 current configuration utilizes the garage area as a gym or potential 4th bedroom, which may necessitate a conversion back to traditional parking for buyers requiring enclosed vehicle storage.
Given the 1969 build date and the large 1.2-acre lot, the property may require more intensive ongoing maintenance for landscaping and aging structural components compared to newer developments.
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 |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,412 | 1,875 |
| Lot Size | 52,790.359 | 10,106 |
| Price | $1.58M | $1.54M |
| Price per sq ft | $463 | $680 |
| Built year | 1969 | 1991 |
| HOA | $0 | $183 |
| Days on market | 50 | 40 |
Jun 2, 2026
$1,580,000
Initial Listing
Feb 26, 2019
$917,000
Public Record
Nov 22, 2002
$142,000
Public Record