23240 Glenwood Drive, Los Gatos California - $1,395,000

Escape to 23240 Glenwood Drive, a private 2-bedroom, 1-bathroom mountain retreat on 27 + acres of pristine land in Los Gatos. This property offers exceptional potential. With off-grid living features like wells and a natural spring, this estate is perfect for those seeking tranquility and sustainable living.

Property Overview:

Size & Layout:

• 1,556 sq. ft. from original building plans (excluding 57 sq. ft. loft), verified by outside measurements.
• 856 sq. ft. before garage conversion.
• Built in 1986. Single-story wood-frame house with vaulted ceilings throughout.

Location:

• 15 minutes from Los Gatos or Scotts Valley.
• 1.2 miles from Hwy 17.

Heating & Energy:

• Passive solar design, forced air, and a Vermont Castings wood-burning stove.
• Gas water heater and solar water heater.
• Propane tank for gas supply.

Features:

• CertainTeed fiber cement siding (2010) and CertainTeed asphalt roofing shingles.
• Fresh paint throughout every room.
• New Frigidaire electric cooktop, Frigidaire oven, and Bosch dishwasher.
• Redwood heart ceiling in the living room with a motorized skylight and rain sensor.
• Family room with skylight.
• Bathroom updated with a new countertop, sink, mirror, shower, and fresh paint.
• Two new redwood decks: Kitchen deck (16’ x 10’) and rear deck (20’ x 16’) with panoramic views of the redwood forest.
• Plenty of parking for 7+ cars and RVs.

Passive Solar Design:

• The home captures heat from the sun through south-facing windows, which warms a 3" thick concrete floor (thermal mass) in the family, kitchen, and living rooms.
• This design reduces electricity use and naturally regulates temperature year-round.
• A large crawl space (or dirt-floor basement) beneath the house has insulated walls and shelving, making it ideal for a wine cellar.

Outbuildings:

• Wood shed: 6’ x 6’.
• Workshop shed: 8’ x 20’, insulated with electricity and venting windows.
• Well shed: 6’ x 7’9”, 8’ tall, with outside water and inside electricity. Well capped (no pump since 1989).
• 6,000-watt backup generator.
• Semi-trailer for storage.
• Fire hydrant near the house connected to a 5,000-gallon water tank.

Water Supply & Ponds:

• Private spring continuously feeds water to a 5,000-gallon tank at the house via a system of 200-gallon and 1,000-gallon tanks.
• Spring water has been running 24/7 since 1989.
• Excess water drains back into the soil, with connections available for drainage to lower areas of the property.
• The Triple-O ozone system filters, ozonates, and circulates water in the 5,000-gallon tank.
• Reverse osmosis system under the kitchen sink for drinking water and the ice maker.

Two small ponds for wildlife:

• Oval pond (6’ x 4’) near the spring.
• Frog pond (5’ x 3’6”) near the house, home to toads and green tree frogs.
• Outside water and electricity available between the house and workshop and at two other locations.

Land & Timber:

• 27 acres of land, with option to purchase additional 4 acres with a separate driveway entrance to a "camp area" perfect for RVs or camping under redwoods.
• 2007 timber harvest plan estimated $200K+ in redwood timber, with an annual growth rate of 2.7%.
• The property includes logging roads and trails for easy access.

Adjacent 4-Acre Parcel (APN #093-361-11) - SELLING SEPARATELY

• Purchased in 2006 and bordered by Glenwood Drive, this parcel provides additional privacy. The property comes with a detailed survey.

Disclosures:

• In 1989, the house sustained damage from an earthquake. A structural engineer determined the necessary repairs, which were completed with permits.
• The conversion of the garage, entryway, and laundry room into living space was done without permits.
• The solar water collector was removed during roof replacement and has not been reinstalled.

Santa Cruz County Bank (Farmer Mac)

• Up to 70% Loan to value (based on the appraised value or purchase price – whichever is lower)
• Rates vary depending on product/term/LTV. Today’s rates range from 6.12%-8.00% (rates provided is also likely to change)
• 1% financing fee (with possibility of wiggle room to lower this)

This is an alternate as some conventional mortgage lenders tend to do a double take when it comes to a larger size property.

Irma Freeman
Santa Cruz County Bank

AVP Relationship Manager

595 Auto Center Drive | Watsonville, CA 95076

d: 831.431.4615  |o: 831.761.6000| m: 831.588.4448

w: santacruzcountybank.com | e: ifreeman@sccountybank.com