10821 Rau Road, Elk Grove, CA 95757, Elk Grove, 95757 - 2 bed, 2 bath

ACTIVE$6,500,000
10821 Rau Road, Elk Grove, CA 95757
2Beds
2Baths
2,659Sqft
1,745,449Lot
Year Built
1977
Close
-
List price
$6.5M
Original List price
-
Price/Sqft
$2,445
HOA
$0
Days on market
-
Sold On
-
MLS number
222150511
Home ConditionPoor
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $6.50M(99th), sqft - 2659(69th), beds - 2(6th), baths - 2(28th).
Elk Grove, CA 40 Acres close to town in the path of Future Growth.
Price History
Date
Event
Price
12/28/22
Price Change
$6,500,000
Condition Rating
Poor
The property was built in 1977, making it 47 years old. The listing's own property analysis explicitly states it has a 'Dated Existing Structure' and 'may require substantial renovation or demolition.' The absence of any interior images, particularly of the kitchen and bathrooms, strongly suggests these areas are significantly outdated and would require extensive modernization or complete replacement. The aerial photos provide no insight into the interior condition. The property's primary value is clearly in its 40 acres of land for future development, not the existing residence, which is likely in a state requiring substantial repairs and rehabilitation to meet current living standards.
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 = 1745449, living area = 2659.
Significant Landholding: The property boasts 40 acres (1,745,449 sqft), offering substantial space for various development opportunities.
Strategic Growth Location: Positioned 'in the path of Future Growth' and close to town, indicating high potential for appreciation and future development.
Development Potential: The large acreage and location make it an ideal candidate for residential, commercial, or mixed-use development projects.
Investment Opportunity: A prime asset for investors or developers seeking long-term capital growth in a developing area.
Existing Residence: Includes a 2-bed, 2-bath, 2659 sqft home, providing immediate utility or a base for operations during development.
Cons
High Capital Requirement: The $6.5 million list price represents a significant investment, primarily for the land, narrowing the buyer pool to sophisticated investors or developers.
Dated Existing Structure: The 1977-built residence is likely dated and may require substantial renovation or demolition, adding to overall project costs.
Specialized Market Appeal: The property's primary value is in its development potential, making it less attractive to conventional residential buyers and requiring a targeted marketing strategy.





