15951 Quail Road, Desert Hot Springs, California 92241, Desert Hot Springs, 92241 - bed, bath
ACTIVE$279,000$192/sqft
15951 Quail Road, Desert Hot Springs, California 92241
0Bed
0Bath
192Sqft
217,800Lot
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 = 217800, living area = 192.
Top Cons:
Extremely Limited Living Space: The existing structure is exceptionally small at only 192 sqft, which severely restricts its functionality and broad appeal as a primary residence for most buyers.
Compared to the nearby listings
Price:$279.0K vs avg $497.5K ($-218,500)15%
Size:192 sqft vs avg 1,901 sqft5%
Price/sqft:$1.5K vs avg $28495%
More Insights
Built in 1957 (69 years old).
Condition: Built in 1957, the existing structure is an extremely small (192 sqft) and basic building, appearing more like a shed than a habitable home. The MLS analysis itself indicates it likely requires 'extensive renovation, modernization, or even a complete replacement.' The property's value is clearly in the expansive 5-acre lot, not the existing unlivable structure.
Year Built
1957
Close
-
List price
$279K
Original List price
$279K
Price/Sqft
$1,453
HOA
-
Days on market
-
Sold On
-
MLS number
219141002DA
Home ConditionTear down
Features
Good View:
View-
About this home
A
Amber Placentia & Assoc...
Listing Agent
Price History
Date
Event
Price
04/03/15
Sold
$39,000
Condition Rating
Tear down
Built in 1957, the existing structure is an extremely small (192 sqft) and basic building, appearing more like a shed than a habitable home. The MLS analysis itself indicates it likely requires 'extensive renovation, modernization, or even a complete replacement.' The property's value is clearly in the expansive 5-acre lot, not the existing unlivable structure.
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 = 217800, living area = 192.
Expansive Lot Size: The property boasts a substantial 217,800 sqft (5 acres) lot, offering significant privacy, potential for expansion, or future development.
Development Potential: With a very small existing structure on a large parcel, the property presents an excellent opportunity for a buyer to build a custom dream home or additional structures (subject to local zoning).
Investment Opportunity: The significant appreciation from its 2015 sale price of $39,000 to the current list price of $279,000 suggests strong market growth or substantial value-add potential.
Privacy and Seclusion: Located in the 'Sky Valley' area with a generous lot, the property offers a tranquil and private desert living experience away from dense urban environments.
Accessible Land Ownership: For 5 acres in California, the list price of $279,000 provides a relatively accessible entry point for land ownership, especially for those looking to build or invest.
Cons
Extremely Limited Living Space: The existing structure is exceptionally small at only 192 sqft, which severely restricts its functionality and broad appeal as a primary residence for most buyers.
Age and Condition of Structure: Built in 1957, the existing structure is dated and likely requires extensive renovation, modernization, or even a complete replacement, adding significant costs for a buyer.
Niche Market Appeal: Due to the combination of a very small existing home and a large undeveloped lot, the property caters to a specific buyer segment, potentially limiting the pool of interested parties.