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515 Lockhart Gulch Road, Scotts Valley, California 95066, Scotts Valley, 95066 - 2 bed, 1 bath

515 Lockhart Gulch Road, Scotts Valley, California 95066 home-pic-0
ACTIVE$1,250,000$1,008/sqft
515 Lockhart Gulch Road, Scotts Valley, California 95066
2Beds
1Bath
1,008Sqft
136,517Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
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.
Top Cons:
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.

Compared to the nearby listings

Price:$1.25M vs avg $1.35M ($-102,500)38%
Size:1,008 sqft vs avg 1,882 sqft4%
Price/sqft:$1.2K vs avg $71896%

More Insights

Built in 1953 (73 years old).
Condition: Built in 1953, the property shows its age. The kitchen features older tile countertops and backsplash, and while appliances appear functional, they are not modern stainless steel. The bathroom has dated tile work, a basic vanity, and older fixtures. Interior finishes like wood paneling in the bedroom and general flooring appear worn. While functional, the home requires significant updates to meet current standards and preferences, aligning with the 'fair' category's description of an aged but maintained home with outdated components.
Year Built
1953
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$1,240
HOA
-
Days on market
-
Sold On
-
MLS number
ML82028144
Home ConditionFair
Features
Good View: Park/Greenbelt, River, Trees/Woods
Deck
Patio
ViewPark/Greenbelt, River, Trees/Woods

About this home

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!

R
Robert Aldana
Listing Agent
Condition Rating
Fair
Built in 1953, the property shows its age. The kitchen features older tile countertops and backsplash, and while appliances appear functional, they are not modern stainless steel. The bathroom has dated tile work, a basic vanity, and older fixtures. Interior finishes like wood paneling in the bedroom and general flooring appear worn. While functional, the home requires significant updates to meet current standards and preferences, aligning with the 'fair' category's description of an aged but maintained home with outdated components.
Pros & Cons

Pros

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 & Potential: The property is a horse lover's dream, featuring an existing 72 x 144 riding area and 8 horse stalls on a flat 3.13-acre lot, offering immediate utility for equestrian pursuits.
Expansive & Flat Acreage with Natural Features: Boasting an all-flat 3.13-acre lot with a running creek and abundant wildlife, the property provides a rare combination of usable land and natural beauty.
ADU Development Opportunity: There is potential for an additional small Accessory Dwelling Unit (ADU) on an already built shed, offering flexibility for guest accommodation, rental income, or multi-generational living.
Prime Location & Accessibility: Despite its rural feel, the property is conveniently located just 2 minutes from Skypark, shopping, and dining, with easy access to Highway 17 for quick commutes to the beach or Silicon Valley.
Award-Winning School District: The property is situated within an area known for its award-winning schools, making it highly attractive to families seeking quality education.

Cons

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.
Modest Main Residence: The existing 2-bedroom, 1-bath cottage with 1008 sqft is relatively small for a property of this acreage and potential, which may necessitate expansion or a new build for buyers seeking more spacious living.
Age of Main Structure: Built in 1953, the main residence is older and likely requires significant updates to systems, finishes, and overall functionality to meet contemporary living standards and preferences.
Investment Required for Modernization: Given the age and size of the main cottage, a buyer should anticipate a substantial investment in renovations or upgrades to fully capitalize on the property's potential and align the living space with the expansive grounds.
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