515 Lockhart Gulch Road, Scotts Valley, California 95066, Scotts Valley, 95066 - 2 bed, 1 bath
515 Lockhart Gulch Road
Scotts Valley, California 95066
Property Price
SUMMARY
Analysis of 515 Lockhart Gulch Road, Scotts Valley, California 95066 is currently available with a list price of $1,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The 1953 cottage is well-maintained and functional but remains largely in its vintage state with outdated kitchen cabinetry, older appliances, and period-specific bathroom fixtures. While the property is livable and the 3.13-acre lot with equestrian facilities is highly valuable, the residence lacks the modern renovations required for a higher rating.
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 = 136517, living area = 1008.
- Equestrian Facilities
The property is a rare find for horse enthusiasts, featuring eight stalls and a 72 x 144 riding arena on over three acres of usable land.
- Prime Flat Acreage
Boasting 3.13 acres of entirely flat terrain with a running creek, this lot offers exceptional utility and development potential compared to typical sloped mountain parcels.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
- Limited Living Space
The existing 1,008-square-foot cottage is relatively small with only two bedrooms and one bath, which may necessitate a significant expansion or rebuild to suit modern family needs.
- Aging Infrastructure
Built in 1953, the primary residence and outbuildings may require updates to systems and finishes to meet current standards, adding to the overall investment cost.
About 515 Lockhart Gulch Road
HORSE LOVERS TAKE NOTICE: Just Listed is this incredible property that features a 2 bedroom 1 bath cottage with the potential of another small ADU on already built shed, on an ALL FLAT 3.13 acre lot with a running creek in the rear of the lot. Yes, you can have horses and there is already a 72 x 144 riding area and 8 horse stalls. In addition, there is an abundance of wildlife throughout the property and the beauty of nature everywhere you turn. Just a magical space right here in town that is 2 minutes to Skypark, shopping, dining and more! Remember, real estate is all about location and in this spot you are not driving miles to get there, this is pretty much right here in town. And don't forget award winning schools and highway 17 right down the road that takes you to the beach in minutes or a short drive to Silicon Valley. The best word to describe this property is "magical." There are trees, there are so many open spaces, there is a separate gardening area with a green house, there are so many opportunities with this property that your mind will be spinning as you walk through this magical property. Opportunity is knocking!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 136,517 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.5 | 5% |
| Baths | 1.0 | 3.0 | 9% |
| Square foot | 1,008 | 2,031.5 | 5% |
| Lot Size | 136,517 | 11,652.5 | 82% |
| Price | $1.25M | $1.46M | 32% |
| Price per sq ft | $1.2K | $709 | 95% |
| Built year | 1953 | 1986 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 174 | 14% |
Pricing History
Listed for Sale
Jan 13, 2026
$1,250,000
Initial Listing