423 Nelson Rd., Scotts Valley, California 95066, Scotts Valley, 95066 - 4 bed, 3 bath
423 Nelson Rd.
Scotts Valley, California 95066
Property Price
SUMMARY
Analysis of 423 Nelson Rd., Scotts Valley, California 95066 reveals a Fairly Priced Property with a current list price of $1,588,000 aligned with the estimated $1,588,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Scotts Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 423 Nelson Rd. Subject | $1,588,000* List Price | 4 | 3 | 3,412 | $465 | - |
A 231 Nelson Road Active | $1,449,000 List Price | 4 | 3 | 2,548 | $569 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1969, the property has undergone an extensive, high-end renovation within the last 5 years. The interior features a modern chef's kitchen with premium stainless steel appliances and stone countertops, spa-like bathrooms with contemporary tiling and fixtures, and new wide-plank flooring throughout. The vaulted beam ceilings and updated electrical/lighting systems align with current luxury standards, making it virtually new in 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 = 52790, living area = 3412.
- Income Potential & Versatility
The property includes a separate 850 sq. ft. guest house that can generate approximately $3,200 in monthly rental income or serve as a private multi-generational living space.
- Expansive Usable Acreage
Set on 1.2 acres, the lot offers rare amenities including sweeping views, a spa, and over 4,000 sq. ft. of additional flat land suitable for a pool, sport court, or horses.
CONSRISKS & DEFICIENCIES
- Modified Garage Space
The original garage has been converted into a gym/living area, meaning buyers must choose between keeping the extra square footage or investing in a conversion back to covered parking.
- Market Momentum Concerns
A history of multiple price reductions from the original $1.65M listing suggests the property has struggled with market stagnation despite its recent 2024 appraisal of $1.75M.
About 423 Nelson Rd.
Scotts Valley Stunner! Nestled in a peaceful cul-de-sac and bathed in south sunlight; this beautifully renovated 3bd, 2bth home (+ 4th bd option) -AND- 1bd, 1bth guest house (850 sf offers the perfect blend of rural serenity and modern luxury. Just 1 mile from town, and set on 1.2 acres with sweeping fiews, the main house 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!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1969
- Lot Size
- 52,790.359 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,412 | 2,143.5 | 86% |
| Lot Size | 52,790.359 | 11,652.5 | 68% |
| Price | $1.59M | $1.55M | 55% |
| Price per sq ft | $465 | $703 | 9% |
| Built year | 1969 | 1986 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 242 | 177 | 95% |
Pricing History
Listed for Sale
Feb 7, 2026
$1,588,000
$1,595,000
+0% Price Increase
Initial Listing
Price Change
Nov 30, 2025
$1,595,000
$1,640,000
-3% Price Drop
Initial Listing
Price Change
Sep 26, 2025
$1,640,000
$1,650,000
-1% Price Drop
Initial Listing
Price Change
Jul 8, 2025
$1,650,000
Initial Listing