We’ve been spending a bit of time in the flatlands, so time to check some elevated listings. Our thanks to Burbed reader Swan for telling us about this find right off Highway 17. Oops, pending! Even properties sitting around for almost a year go Pending when someone sends them in! It’s like a Real Estate Thermos. An insulated drink holder keeps hot things hot, and cold things cold. How does it know?
In this case, a correspondent sends in a tired listing… and BOOM! Again, how does it know?
25000 SANTA CRUZ
Scotts Valley, CA 95033
1,237 Sq. Ft.
$525 / Sq. Ft.
Lot Size: 9 Acres
On Redfin: 320 days
Status: Pending Without Release
Property Type: Detached Single Family
Community: Scotts Valley North
View: Mountains, Valley
County: Santa Cruz
IDEAL ESTATE HOME SITE WITH DIRECT ACCESS TO HWY 17 OR OFF LAUREL ROAD. INCLUDES 1,200 SQ FT GUEST HOUSE, BARN, AND A 3,000 SQ FT FALLING DOWN MANSION. THE MANSION SITE HAS ABOUT 2 FLAT ACRES, SWEEPING MOUNTAIN AND VALLEY VIEWS, CIRCULAR DRIVEWAY, PG & E, & WATER. GUEST HOUSE HAS ABOUT 2 FLAT ACRES WITH DIRECT ACCESS TO LAUREL ROAD. SELLER WILL FINACNE W/ 25% DOWN FOR 3 YEARS.
We don’t have any architecture credentials, but still contend the top picture above is not a cabin. Now, which of the other two is the “guest house”? Perhaps this is why Swan thought we’d be interested. We certainly seem to have our choice of which crappy building not to live in.
With nothing better to do on a 100 degree day, I am looking for properties in need of some Burbed lovin’!
This may be a Burbed first, a 3000 square foot falling down mansion!!! Scotts Valley may not be RBA, but $699K (Pending!!!) for a guest house, barn, and falling down mansion on 9 acres – who cares where it is. Be sure to check out the ideal commute location!
Interestingly, Movoto lists the same address for $5,000,000 in an expired listing.
Oh yes, let’s see that expired listing.
25000 Hwy 17
Scotts Valley, CA 95033
Loan Payment: $19,097/mo
Type: Single Family House
Year Built: 1900
Lot Size: 9,958,687
Days on Movoto: 649 days
Neighborhood: Scotts Valley North
Many potential uses/Estate Location/Equestrian Center = Great Trails, Preliminary Study Shows Location may be planted with as many as 130 acres of Grapes – Site is in BEST wine growing location = the Santa Cruz Appleation. Propety suppoorts several homes currently(4); several wells; Barns. Land may be subdividable; there are 9 APN’s Stunning Los Gatos Mountains property, Oaks, Redwoods, Madrone
Unlike the active (whoops, Pending!) listing, this older one can’t be bothered showing any buildings. It’s almost ten million square feet, who needs buildings? That’s 228 acres sitting on the market for 649 days, and only nine acres are in the listing above. That’s pretty good, it took only half the time to sell 1/25th the land! So if you subdivide this place into a Planned Unit Development with a bunch of 1,800 sf lots, you should be able to get one of them sold in only five months!
Good luck finding what happened to the rest of those properties so you can run some comps. At least the seller will FINACNE W/25% DOWN IN 3 YEARS. If you’re not sure what to do, just put that FINACNE in your Thermos. How does it know?