15950 Green Valley Heights Road, Ramona, California 92065, Ramona, 92065 - 4 bed, 2 bath

15950 Green Valley Heights Road, Ramona, California 92065 home-pic-0
ACTIVE$1,499,000
15950 Green Valley Heights Road, Ramona, California 92065
4Beds
2Baths
2,000Sqft
1,132,560Lot

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 = 1132560, living area = 2000.
Top Cons:
Unpermitted Home Status: The existing 4-bedroom home is explicitly stated as 'not permitted,' which presents significant legal, financial, and permitting challenges for the buyer to address.

Compared to the nearby listings

Price:$1.50M vs avg $839.0K (+$660,000)97%
Size:2,000 sqft vs avg 2,111 sqft46%
Price/sqft:$750 vs avg $41397%

More Insights

Built in 1988 (37 years old).
Condition: Built in 1988, this property is aged and exhibits a rustic aesthetic. The kitchen features dated cabinetry and countertops, while the bathrooms have older tile finishes and fixtures, indicating a lack of significant modern renovations. Flooring is a mix of older and some more recently updated materials, suggesting piecemeal improvements. The most critical factor is the explicit statement that 'The home is not permitted,' which presents substantial legal and financial challenges, potentially requiring significant rehabilitation or remediation to meet code. While currently functional as a rental, it requires substantial updates and resolution of the permitting issue to meet modern standards.
Year Built
1988
Close
-
List price
$1.5M
Original List price
$1.75M
Price/Sqft
$750
HOA
-
Days on market
-
Sold On
-
MLS number
250038955SD
Home ConditionFair
Features
Good View:
View-

About this home

Variance Granted Detached Rustic Ramona Ranch on 26+ Acres Embrace wide-open country living on 26+ acres across two parcels in a private gated Ramona community. This rustic ranch offers a seasonal creek, six wells (one active), and over 1,000 mixed trees including pomegranate and avocado orchards. Multiple building sites capture sweeping views of Lake Ramona and the surrounding hills. The property includes a 4-bedroom, 2-bathroom ranch-style home, currently serving as an income-producing rental, giving you flexibility to generate revenue while you plan your vision—whether it’s farming, ranching, or crafting your own countryside retreat. Ramona, CA, is known for its small-town country atmosphere, attracting people who enjoy the outdoors, horses, and a tight-knit community. Key attractions include Potato Chip Rock, a unique natural landmark accessible via hiking, the Oasis Camel Dairy for unique experiences, and the Ramona Rodeo, a local PRCA-sanctioned event. The area also offers local wineries, hiking in the Ramona Grasslands, and a historic airport. Just a few miles away is the Mount Woodson Golf Resort. The home is not permitted.

Condition Rating
Fair

Built in 1988, this property is aged and exhibits a rustic aesthetic. The kitchen features dated cabinetry and countertops, while the bathrooms have older tile finishes and fixtures, indicating a lack of significant modern renovations. Flooring is a mix of older and some more recently updated materials, suggesting piecemeal improvements. The most critical factor is the explicit statement that 'The home is not permitted,' which presents substantial legal and financial challenges, potentially requiring significant rehabilitation or remediation to meet code. While currently functional as a rental, it requires substantial updates and resolution of the permitting issue to meet modern 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 = 1132560, living area = 2000.
Expansive Acreage & Privacy: The property spans over 26 acres across two parcels within a private gated community, offering significant space, seclusion, and potential for various uses.
Income-Generating Potential: The existing 4-bedroom, 2-bathroom ranch-style home is currently an income-producing rental, providing immediate revenue and financial flexibility for the buyer.
Abundant Natural Resources & Agricultural Potential: Features a seasonal creek, six wells (one active), and over 1,000 mixed trees, including established pomegranate and avocado orchards, ideal for farming or ranching endeavors.
Multiple Building Sites & Scenic Views: The expansive land includes multiple building sites that capture sweeping views of Lake Ramona and the surrounding hills, offering opportunities for future development or custom construction.
Desirable Rural Lifestyle & Community: Located in Ramona, known for its small-town country atmosphere, outdoor activities, equestrian culture, and proximity to local attractions like wineries, hiking trails, and golf resorts.

Cons

Unpermitted Home Status: The existing 4-bedroom home is explicitly stated as 'not permitted,' which presents significant legal, financial, and permitting challenges for the buyer to address.
Age and Condition of Home: Built in 1988 and described as 'rustic,' the home may require substantial updates, renovations, or repairs to meet modern living standards or buyer preferences.
Significant Price Reductions: The property has undergone multiple price reductions from an original list price of $1.75M to $1.499M, potentially indicating overpricing or difficulty attracting buyers at previous price points.

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