
Pine Mountain Club, CA 93222
This property presents a High-Potential Investment Opportunity with a List Price of $275,000—positioned slightly above the $272,221 Fair Market Value. While the equity gap is minimal, the R-3 Zoning and 11,325 sq. ft. lot provide significant development upside for expansion or additional units. With a Condition Rating of 5, the home requires a comprehensive renovation to modernize the 1972 structure. Its proximity to Lampkin Park and local fire infrastructure adds long-term utility. This is a strategic acquisition for Buy-and-Hold Investors or Developers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16410 Askin Dr Subject 2 bd · 1 ba · 748 sqft · $364 | $275,000* List Price | 2 | 1 | 748 | $364 | - |
A 1917 Freeman Sold 2 bd · 1 ba · 875 sqft · $360 · 0.4 mi | $315,000 | 2 | 1 | 875 | $360 | 0.4 mi |
B 2325 Woodland Drive Pending 2 bd · 1 ba · 768 sqft · $337 · 0.6 mi | $259,000 List Price | 2 | 1 | 768 | $337 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Property is over 50 years old (built in 1972) with no evidence of recent renovations. The bathroom features highly dated 1970s-style tile and cabinetry, and the listing is explicitly marketed as an investor's dream requiring imagination, indicating a need for significant rehab and updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11325, living area = 748.
The property is situated on a large, flat R-3 zoned lot, providing a rare opportunity for investors to expand the existing home or build additional units.
Ideally located within walking distance to Pine Mountain Club amenities and directly across from Lampkin Park, offering excellent convenience and recreational access.
With 690 days on the market, the property has struggled to attract a buyer, suggesting potential issues with pricing or condition relative to current market demand.
At only 748 square feet, the existing 1972 structure is quite small and likely requires significant modernization to appeal to contemporary residents.
Investors dream R-3 lot with lots of room to add on or build additional units. This cozy 2 bed/ 1 bath 748 sq. ft. house sits on the back corner of a large very buildable flat R-3 lot, walking distance to all of Pine Mountain Club's amenities. Directly across from Lampkin park and 1 block from the fire station with a fire hydrant on the lot, this single level home has a large front deck perfect for entertaining or star gazing. Bring your imagination and turn this into your vacation or investment dream!
No exterior & parking available.
Grades K-4 • 13.0 mi
Grades K-5 • 19.5 mi
Grades 6-8 • 19.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.4 |
| Square foot | 748 | 1,836.533 |
| Lot Size | - | 10,561.467 |
| Price | $275.0K | $455.1K |
| Price per sq ft | $368 | $229 |
| Built year | 1972 | 1981 |
| HOA | $1961 | $1.5K |
| Days on market | 715 | 133 |
Nov 8, 2024
$275,000
Initial Listing
Aug 31, 1978
$44,500
Public Record