1540 Farm Bureau Rd, Concord, California 94519, Concord, 94519 - 3 bed, 1 bath
ACTIVE$1,000,000
1540 Farm Bureau Rd, Concord, California 94519
3Beds
1Bath
1,257Sqft
13,896Lot
Year Built
1955
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$796
HOA
-
Days on market
-
Sold On
-
MLS number
41104072
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.00M(89th), sqft - 1257(43th), beds - 3(50th), baths - 1(12th).
BUILDERS DREAM OPPORTUNITY! Nearly 1 acre near downtown. Approved small lot development up to 8 units or build 3 separate single family homes. Lot's have been subdivided with individual parcel #'s, and include added sewer to each. Includes 1540, 1536 and 1538 Farm Bureau Rd. Lot's range from .23 acre to .32 acre. Geotechnical study was done. Existing home at 1540 Farm Bureau offers 3 bedrooms, 1 bath with apx. 1,257 sq. feet. See disclosure link for building ideas and City approvals. https://app.disclosures.io/link/1540-Farm-Bureau-Road-4fv088e9
Nearby schools
3/10
Westwood Elementary School
Public,•K-5•0.9mi
5/10
Wren Avenue Elementary School
Public,•K-5•0.9mi
2/10
El Dorado Middle School
Public,•6-8•0.8mi
6/10
Concord High School
Public,•9-12•1.0mi
3/10
Mt. Diablo High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
07/09/25
Listing
$1,000,000
Condition Rating
Tear down
The property was built in 1955, making it 69 years old. The listing explicitly markets this as a 'BUILDERS DREAM OPPORTUNITY' for development, focusing on the land's potential for up to 8 units or 3 single-family homes. There are no interior photos of the existing 1,257 sq. ft. home, and the aerial views suggest an older, unmaintained structure. The complete absence of any mention or visual evidence of major renovations within the last 50 years, combined with the strong emphasis on land development, indicates that the existing house is considered to be at the end of its useful life and its value is primarily in the land for redevelopment.
Pros & Cons
Pros
Development Approval & Potential: The property is a builder's dream, with approved small lot development for up to 8 units or 3 separate single-family homes, offering significant investment potential.
Subdivided Parcels with Infrastructure: The lots have been pre-subdivided with individual parcel numbers and include added sewer connections to each, greatly streamlining the development process and reducing initial costs.
Significant Land Area: Comprising nearly 1 acre across three parcels (1540, 1536, and 1538 Farm Bureau Rd), the property offers ample space for substantial development projects.
Geotechnical Study Completed: A geotechnical study has already been completed, providing crucial information and mitigating a common risk factor for developers.
Strategic Location: Its proximity to downtown Concord enhances the appeal for future residents, suggesting strong demand for new housing units and potential for higher property values.
Cons
Age and Condition of Existing Structure: The existing 1955-built home is likely outdated and would require significant renovation or demolition, adding to the overall project cost and timeline.
Substantial Capital Investment Required: While offering high potential, the property demands a significant capital outlay for construction, permits, and other development-related expenses beyond the initial purchase price.
Limited Immediate Occupancy Appeal: The current 3-bedroom, 1-bathroom layout and modest 1,257 sqft of the existing home offer limited appeal for immediate occupancy without major upgrades, positioning it primarily as a land acquisition for development.