20273 Grey Mountain Road, El Mirage, California 92301, El Mirage, 92301 - 1 bed, 1 bath
ACTIVE$150,000
20273 Grey Mountain Road, El Mirage, California 92301
1Bed
1Bath
800Sqft
875,556Lot
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 = 875556, living area = 800.
Top Cons:
Limited Living Space: With only 800 sq ft, 1 bedroom, and 1 bathroom, the living space is very compact, which may not suit buyers needing more room or accommodating families.
Compared to the nearby listings
Price:$150.0K vs avg $409.5K ($-259,500)1%
Size:800 sqft vs avg 1,636 sqft1%
Price/sqft:$188 vs avg $25710%
More Insights
Built in 1958 (67 years old).
Condition: The property was built in 1958, making it 66 years old, with no major renovations to the dwelling mentioned in the past 50 years, except for a 'newer septic system.' The exterior images reveal a very basic, aged, and potentially dilapidated structure with what appears to be a boarded-up window. Given its age and visible condition, the dwelling likely requires extensive repairs or is beyond economic repair, suggesting its value lies primarily in the expansive 20-acre lot rather than the existing structure.
Year Built
1958
Close
-
List price
$150K
Original List price
$200K
Price/Sqft
$188
HOA
-
Days on market
-
Sold On
-
MLS number
PW25025481
Home ConditionTear down
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Perfect weekend getaway from the city… 1 bedroom 1 bath 800 sq ft on 20 Acres. Newer septic system .
Condition Rating
Tear down
The property was built in 1958, making it 66 years old, with no major renovations to the dwelling mentioned in the past 50 years, except for a 'newer septic system.' The exterior images reveal a very basic, aged, and potentially dilapidated structure with what appears to be a boarded-up window. Given its age and visible condition, the dwelling likely requires extensive repairs or is beyond economic repair, suggesting its value lies primarily in the expansive 20-acre lot rather than the existing 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 = 875556, living area = 800.
Expansive Acreage: The property boasts a substantial 20-acre lot, offering significant privacy, potential for various uses (e.g., agricultural, recreational, expansion), and long-term land value.
Significant Price Reduction: A notable price drop from $200,000 to $150,000 indicates a motivated seller and presents a more attractive investment opportunity for potential buyers.
Mountain Views: The property features desirable mountain views, enhancing its aesthetic appeal and providing a tranquil, scenic environment.
Newer Septic System: The recent installation of a newer septic system is a significant upgrade for a rural property, reducing immediate maintenance concerns and potential costs for the buyer.
Affordable Entry Point: Priced at $150,000, this property offers an accessible entry into land ownership with a dwelling, appealing to those seeking a rural retreat or investment at a lower price point.
Cons
Limited Living Space: With only 800 sq ft, 1 bedroom, and 1 bathroom, the living space is very compact, which may not suit buyers needing more room or accommodating families.
Age of Property: Built in 1958, the home is over 60 years old, suggesting potential for outdated systems (beyond the septic) and requiring significant updates or renovations to meet modern standards.
Remote Location: While ideal for a 'weekend getaway,' the El Mirage location on Grey Mountain Road implies a remote setting, which could be a drawback for buyers prioritizing proximity to urban amenities, services, or daily commutes.