10550 Colusa Road, Adelanto, California 92301, Adelanto, 92301 - 2 bed, 1 bath
ACTIVE$500,000
10550 Colusa Road, Adelanto, California 92301
2Beds
1Bath
1,260Sqft
435,600Lot
Price Vs. Estimate
The estimated value ($500,000) is $0 (0%) lower than the list price ($500,000). This property may be overpriced.
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 = 435600, living area = 1260.
Top Cons:
Dated Residence: Built in 1950, the 2-bed, 1-bath, 1260 sqft residence is likely dated and may require substantial renovation or modernization to meet contemporary living standards.
Compared to the nearby listings
Price:$500.0K vs avg $410.0K (+$90,000)96%
Size:1,260 sqft vs avg 1,636 sqft18%
Price/sqft:$397 vs avg $25899%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, the residential structure appears to be in a state of significant disrepair, with visible exposed roof framing in the images, suggesting structural issues. There are no interior photos, but the exterior condition, cluttered surroundings, and the property's primary use for semi-truck parking indicate the house is likely unlivable and its value is based solely on the land. The property's age and lack of apparent major renovations in the past 50+ years, combined with the visible neglect, align with the 'tear-down' criteria.
Year Built
1950
Close
-
List price
$500K
Original List price
$550K
Price/Sqft
$397
HOA
-
Days on market
-
Sold On
-
MLS number
CV24221299
Home ConditionTear down
Features
Good View: Desert
Pool
Patio
ViewDesert
About this home
The property spans ten acres (435,600 square feet) and is in San Bernardino County with Rural Living RL-5 zoning. It features three water wells and one water tank surrounded by necessary fencing. Currently, the land is utilized to park semi-trucks.
Condition Rating
Tear down
Built in 1950, the residential structure appears to be in a state of significant disrepair, with visible exposed roof framing in the images, suggesting structural issues. There are no interior photos, but the exterior condition, cluttered surroundings, and the property's primary use for semi-truck parking indicate the house is likely unlivable and its value is based solely on the land. The property's age and lack of apparent major renovations in the past 50+ years, combined with the visible neglect, align with the 'tear-down' criteria.
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 = 435600, living area = 1260.
Expansive Land & Flexible Zoning: The property spans 10 acres (435,600 sqft) with Rural Living RL-5 zoning, offering significant development potential, privacy, and flexibility for various agricultural, residential, or commercial uses.
Self-Sufficient Water Infrastructure: Equipped with three private water wells and a water tank, the property provides independence from municipal water, a valuable and cost-saving asset for large rural parcels.
Income-Generating Potential: Currently utilized for semi-truck parking, the land presents an existing commercial use or immediate income-generating opportunity for the new owner.
Significant Price Reduction: A recent $50,000 price reduction from the original list price of $550,000 indicates seller motivation and offers a more attractive entry point for buyers.
Desert Views & Privacy: The large lot size ensures considerable privacy and a tranquil rural setting, complemented by expansive desert views.
Cons
Dated Residence: Built in 1950, the 2-bed, 1-bath, 1260 sqft residence is likely dated and may require substantial renovation or modernization to meet contemporary living standards.
Mixed-Use Discrepancy: Listed as 'Residential' but primarily described as land used for semi-truck parking, which could create a disconnect for traditional residential buyers and imply necessary cleanup or change of use.
Overpriced Relative to Estimation: The current listing price of $500,000 is 8% higher than the estimated property value of $455,507.54, potentially making it less competitive in the market.