1940 Waterman Gap Loop, California, Boulder Creek, - bed, bath

home-pic
ACTIVE$675,000
1940 Waterman Gap Loop, California
3Beds
2Baths
1,342Sqft
209,698Lot
Year Built
1989
Close
-
List price
$675K
Original List price
$850K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML81923114
Home ConditionPoor
Features
Good View:
Deck
View-

About this home

Investors, flippers, & contractors: heres your opportunity to get your hands on a private piece of paradise. This ranch style home has 3 bedrooms, and 2 full bathrooms. Living room includes a cozy fireplace, and high ceilings. Down below, through a separate entrance is a studio with its own en-suite bathroom. The entire property have picturesque south facing decks. The attached 2 car garage has ample space for storage. Sun exposure is not shy here! Surrounding the property are massive redwoods, pines, firs, Madrones, a myriad of birds, butterflies, and deer. Amongst some of the best horse properties, and trails. Great for dogs, or other animals. The property is 4.8 acres allowing for plenty of room if you have a motor home, or lots of cars. Easy commute to Saratoga, and to Boulder Creek. Renovations to the house have been in progress. Seller would like to sell As-is. **GPS is not correct (Take Via Paloma Dr. Instead)

Price History

Date
Event
Price
08/07/25
Price Change
$675,000
03/30/23
Listing
$850,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (31 Listings)
Beds33
50%
Baths22
50%
Square foot1,3421,524
38%
Lot Size209,69816,618
88%
Price$675K$703K
47%
Price per square foot$503$523.5
47%
Built year19899810982
84%
HOA
Days on market951168
97%
Condition Rating
Poor

Built in 1989, this property is 35 years old. The listing explicitly states 'Renovations to the house have been in progress. Seller would like to sell As-is,' and targets 'Investors, flippers, & contractors.' The images confirm a highly outdated kitchen with old appliances, cabinets, countertops, and lighting, requiring a full overhaul. Bathrooms are also dated. Carpets appear worn, and decks need maintenance. This indicates the property is not move-in ready and requires substantial repairs and rehabilitation to bring it to a modern, comfortable living standard, aligning with the 'Poor' condition criteria.
Pros & Cons

Pros

Expansive & Private Acreage: Sprawling 4.8-acre lot offering significant privacy, ample space for vehicles/expansion, and surrounded by mature redwoods and diverse wildlife.
High Value-Add Potential: Explicitly positioned for investors, flippers, and contractors, indicating a prime opportunity for significant equity gain through completion of renovations.
Flexible Living with Separate Studio: Features a main residence with charming details like a fireplace and high ceilings, plus a separate studio with its own entrance and en-suite, ideal for rental income or multi-generational living.
Exceptional Outdoor Lifestyle: Boasts picturesque south-facing decks and abundant sun exposure, perfect for enjoying the natural surroundings and outdoor entertaining.
Nature & Commute Balance: Offers direct access to horse properties and trails, catering to animal lovers and outdoor enthusiasts, while maintaining an easy commute to Saratoga and Boulder Creek.

Cons

As-Is Sale & Unfinished Renovations: The property is sold 'as-is' with renovations currently in progress, requiring the buyer to complete the work and potentially address unforeseen issues.
Potential for Outdated Systems: Built in 1989, the 'as-is' nature suggests that core systems (e.g., electrical, plumbing, HVAC) may be original or require substantial modernization, adding to renovation costs.
Navigation Inconvenience: The listing explicitly notes incorrect GPS directions, which could pose a minor logistical challenge for showings and future access.

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