15500 E Highway 88, Lockeford, CA 95237, Lockeford, 95237 - 2 bed, 1 bath
ACTIVE$3,150,000$672/sqft
15500 E Highway 88, Lockeford, CA 95237
2Beds
1Bath
672Sqft
3,910,381Lot
Price Vs. Estimate
Estimation data not available
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 = 3910381, living area = 672.
Top Cons:
Extensive Capital Investment Required: A significant portion of the land is bare, necessitating substantial upfront capital and time for new crop development or infrastructure build-out to realize its full agricultural potential.
Compared to the nearby listings
Price:$3.15M vs avg $525.0K (+$2,625,000)88%
Size:672 sqft vs avg 1,591.5 sqft13%
Price/sqft:$4.7K vs avg $31888%
More Insights
Built in 1989 (37 years old).
Condition: The property's dwelling is a 1989 mobile home, explicitly described as an 'outdated existing residence' that is 'likely to require replacement or extensive renovation for a permanent, modern dwelling.' While it may serve as a temporary office, its age and stated condition indicate it requires substantial rehabilitation to meet current residential standards, aligning with a 'poor' condition score for a home.
Year Built
1989
Close
-
List price
$3.15M
Original List price
-
Price/Sqft
$4,688
HOA
$0
Days on market
-
Sold On
-
MLS number
226005395
Home ConditionPoor
Features
Good View:
Deck
View-
About this home
Prime ag land in Lockeford CA. Mostly class 1 soil with a small portion being Class 2. Mostly bare land with 25 acres still in walnut production which could be a good benefit for depreciation while you get the rest ready to plant your desired crop. There is a nice knoll a good distance from the highway which is ready for your dream home or new shop. The mobile home can easily be used as an office or temporary residence. The deep well has been used for the walnuts and previous vineyard irrigation. There is also a domestic well for the home. Own nearly 100 acres just outside of the growing town of Lockeford with added value of potential future development. You may also want to check into splitting this parcel in half due to 40 acre zoning.
R
Rance Boysen
Listing Agent
Condition Rating
Poor
The property's dwelling is a 1989 mobile home, explicitly described as an 'outdated existing residence' that is 'likely to require replacement or extensive renovation for a permanent, modern dwelling.' While it may serve as a temporary office, its age and stated condition indicate it requires substantial rehabilitation to meet current residential standards, aligning with a 'poor' condition score for a home.
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 = 3910381, living area = 672.
Exceptional Soil Quality: Predominantly Class 1 and Class 2 agricultural soil, ideal for diverse crop cultivation and maximizing yield potential.
Substantial Acreage with Development Upside: Nearly 100 acres offering significant scale for agricultural operations, coupled with potential for future subdivision (40-acre zoning) or commercial development due to proximity to a growing town.
Robust Water Infrastructure: Equipped with both a deep agricultural well for irrigation and a separate domestic well, ensuring reliable water supply for farming and residential needs.
Immediate Income & Tax Advantages: 25 acres of active walnut production provide existing revenue streams and potential depreciation benefits, offering a financial head start for new owners.
Premier Building Site: Features a desirable, elevated knoll well-situated away from the highway, perfect for constructing a custom dream home or substantial agricultural facilities.
Cons
Extensive Capital Investment Required: A significant portion of the land is bare, necessitating substantial upfront capital and time for new crop development or infrastructure build-out to realize its full agricultural potential.
Outdated Existing Residence: The current mobile home (1989, 672 sqft) serves primarily as a temporary office or residence, and is likely to require replacement or extensive renovation for a permanent, modern dwelling.
Complex Development & Permitting: While offering future development potential, navigating the subdivision process, zoning regulations, and obtaining necessary permits for new construction or land splits can be time-consuming and complex.