1549 Farm Bureau Rd, Concord, California 94519, Concord, 94519 - bed, bath
ACTIVE$999,000/sqft
1549 Farm Bureau Rd, Concord, California 94519
0Bed
0Bath
Sqft
39,422Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Development Potential: The property boasts a nearly 1-acre lot (39,422 sq ft) explicitly marketed as a 'DEVELOPERS DREAM' with 'ENDLESS POSSIBILITIES' for new development, offering substantial future value.
Top Cons:
Older Original Construction: Built in 1948, the property's underlying structure is older, which, despite recent cosmetic and system updates, may still present potential challenges with unrenovated infrastructure or higher long-term maintenance requirements.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1948 (78 years old).
Condition: While the duplex units have undergone extensive and recent renovations, including new vinyl flooring, quartz counters, modern kitchen cabinets, updated bathrooms, dual-pane windows, and a new HVAC system, the property's original construction year (1948) and the very poor, unrenovated condition of the garage/basement area prevent an 'Excellent' rating. The renovated living spaces are move-in ready and feature modern finishes, but the overall property, including its older foundation and unaddressed areas, aligns best with a 'Good' condition score.
Year Built
1948
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41120535
Home ConditionGood
Features
View-
About this home
DEVELOPERS DREAM….NEARLY. 1 ACRE w/ENDLESS POSSIBILITIES. NEW DEVELOPMENT OPPORTUNITY + ACTIVE RENTAL INCOME/ EQUITY- One. vacant unit and month to month on other; The updates to the duplex, include; new vinyl flooring, quarts counters, bathroom vanities, tile flooring and new kitchen cabinets. Both units have a laundry/storage room. Electric has been updated as well as dual pane windows, and a new Heater/AC. All of this and more make this property an attractive option for potential buyers or investors. Don't miss the opportunity to build your real estate portfolio.
S
Shelly Gwynn
Listing Agent
Nearby schools
5/10
Wren Avenue Elementary School
Public,•K-5•0.9mi
3/10
Westwood 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•1.1mi
3/10
Mt. Diablo High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
07/26/24
Sold
$400,000
07/13/22
Sold
$750,000
Condition Rating
Good
While the duplex units have undergone extensive and recent renovations, including new vinyl flooring, quartz counters, modern kitchen cabinets, updated bathrooms, dual-pane windows, and a new HVAC system, the property's original construction year (1948) and the very poor, unrenovated condition of the garage/basement area prevent an 'Excellent' rating. The renovated living spaces are move-in ready and feature modern finishes, but the overall property, including its older foundation and unaddressed areas, aligns best with a 'Good' condition score.
Pros & Cons
Pros
Significant Development Potential: The property boasts a nearly 1-acre lot (39,422 sq ft) explicitly marketed as a 'DEVELOPERS DREAM' with 'ENDLESS POSSIBILITIES' for new development, offering substantial future value.
Income-Generating Duplex: As a duplex, it provides immediate 'ACTIVE RENTAL INCOME' with one unit currently vacant and the other on a month-to-month lease, offering flexibility for investors or potential owner-occupants.
Extensive Recent Renovations: Both units have undergone significant updates, including new vinyl flooring, quartz counters, bathroom vanities, tile flooring, new kitchen cabinets, and updated electrical systems.
Modern Comforts & Efficiency: The property benefits from a new Heater/AC system and dual-pane windows, enhancing energy efficiency, tenant comfort, and reducing utility costs.
Practical Unit Amenities: Each unit includes a dedicated laundry/storage room, a highly desirable and practical amenity that adds convenience and value for tenants.
Cons
Older Original Construction: Built in 1948, the property's underlying structure is older, which, despite recent cosmetic and system updates, may still present potential challenges with unrenovated infrastructure or higher long-term maintenance requirements.
Requires Significant Vision & Investment: While offering 'endless possibilities' for development, realizing this potential implies substantial additional capital, planning, and effort beyond the current state, which may not appeal to all buyer profiles.
Conflicting Sales History & Valuation: The sales history shows a sale for $400,000 in 2024 and $750,000 in 2022, with a current list price of $999,000. This discrepancy could raise questions about the property's recent transaction details and current market valuation.