539 Memory Lane, Boulder Creek, California 95006, Boulder Creek, 95006 - 2 bed, 1 bath
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539 Memory Lane
Boulder Creek, California 95006
ACTIVE UNDER CONTRACT
CONDITION: POOR
2Beds
1Baths
1,199Sq Ft
10,237Lot Size
Property Price
LIST PRICE$550,000
EST. MARKET VALUE
$564,455
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $550,000—positioned well below the $564,455 Fair Market Value by 2%. This valuation gap offers $14,455 in Instant Equity for buyers willing to complete the interior renovations. Featuring a Condition Rating of 5, the home includes a new septic system and updated electrical, providing a solid foundation for value-add projects. With a large 10,237 sqft lot and metal shop, this is an ideal acquisition for Fix-and-Flip Investors or Contractors.
Estimated Market Value
$564,455
Based on Realkey algorithm analyzing recent comparable sales in Boulder Creek.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1930, this property is over 90 years old and shows signs of halted renovations. The interior features missing kitchen cabinet faces, damaged/unfinished wall surfaces in the upper level, and dated flooring. While the listing notes updated electrical and a new septic system, the overall aesthetic and unfinished state require a significant rehab to be move-in ready.
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 = 10237, living area = 1199.
- Infrastructure Upgrades
The property features essential modern updates including a new permitted septic tank, updated electrical systems, and dual-pane windows, reducing immediate capital expenditure on core utilities.
- Development Potential
Situated on a rare flat 10,237 sqft lot with a large metal shop, the site offers significant room for expansion or the creation of a premium outdoor living space in a redwood setting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1199, other record living area = 1056.
- Extensive Renovation Required
The home requires significant 'TLC' and cosmetic finishing after the previous owner halted upgrades, making it unsuitable for buyers seeking a move-in-ready residence.
- Limited Layout
With only one bathroom and a 1930s floor plan, the interior requires a functional reconfiguration to meet the expectations of modern buyers in this price point.
About 539 Memory Lane
Quaint 1930's Cottage in the Redwoods looking for new caretakers. Updated Electrical and Dual Payne windows. Wonderful flat lot, with room for awesome yard or expansion, Unexpected Health issues of owner stopped property upgrades. This is a property that needs TLC to make it a standout. Great bones per inspectors. Public water system, many new high-end homes being built in the area. Lots of upsides for handy person. Large metal shop behind home for storage or projects. New septic tank being installed with SC County permits. don't let this one slip away,
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1930
- Lot Size
- 10,237 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 |
|---|---|---|
| Beds | 2.0 | 2.8 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,199 | 1,619.889 |
| Lot Size | 10,237 | 14,541.722 |
| Price | $550.0K | $758.3K |
| Price per sq ft | $459 | $531 |
| Built year | 1930 | 1966 |
| HOA | $0 | $50 |
| Days on market | 26 | 57 |
Pricing History
Listed for Sale
Aug 14, 2026
$550,000
Initial Listing
Sold
Feb 10, 2016
$303,500
Public Record
Sold
Dec 15, 2000
$335,000
Public Record