218 5th Street, Lincoln, CA 95648, Lincoln, 95648 - 4 bed, 2 bath
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218 5th Street
Lincoln, CA 95648
ACTIVE
CONDITION: POOR
4Beds
2Baths
1,929Sq Ft
10,738Lot Size
Property Price
LIST PRICE$538,000
EST. MARKET VALUE
$518,064
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $579,000—positioned well above the $548,254 Fair Market Value by -5%. Currently configured as a preschool, this Historic Victorian Architecture requires a full residential conversion. With a Fair Condition Rating and dated interiors, the property demands significant capital expenditure to restore its original layout. However, the 10,738 sqft lot and prime downtown location offer substantial upside for Value-Add Investors or Contractors capable of executing a comprehensive renovation.
Estimated Market Value
$518,064
Based on Realkey algorithm analyzing recent comparable sales in Lincoln.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 218 5th Street Subject | $538,000* List Price | 4 | 2 | 1,929 | $269 | - |
A 1323 Silver Spur Circle Sold | $395,000 | 3 | 2 | 1,534 | $257 | 0.9 mi |
B 423 Poppyfield Court Sold | $621,000 | 2 | 2 | 1,844 | $337 | 1.0 mi |
C 210 Ashwood Court Pending | $620,000 List Price | 4 | 2 | 1,990 | $312 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1922, this historic property is currently configured as a preschool and requires a full residential rehab to be livable as a home. The kitchen and bathrooms are significantly dated (>30 years) with worn cabinetry, blue tile counters, and commercial-style fixtures. The presence of window AC units suggests outdated or insufficient HVAC systems.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 10738, living area = 1929.
- Historic Victorian Architecture
Built in 1922, this recognizable Victorian-style home features timeless architectural character and exceptional curb appeal, making it a standout historic gem in the Lincoln area.
- Expansive Landscaped Lot
The property sits on a generous 10,738 sqft lot with beautifully landscaped front and back yards, offering ample space for outdoor entertaining, gardening, and relaxation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10738, other record lot size in square feet = 10500.
- Recently Sold Property
The property was recently sold within the past year on 2025-10-24. The sold price is $500,000.00.
- Residential Reconversion Needed
Currently operating as a preschool, the property requires a transition back to a private residence, which may involve interior modifications to restore a traditional home layout.
About 218 5th Street
Welcome to Historic Lincoln and one of the area's most recognizable Victorian-style homes. This charming 4-bedroom, 1.5-bath Victorian-style residence offers timeless character, spacious living areas, a versatile upstairs loft, and exceptional curb appeal. Beautifully landscaped front and back yards provide the perfect setting for entertaining, gardening, or simply relaxing. Currently operating as a neighborhood preschool, the business is not included in the sale, presenting a unique opportunity to reimagine this historic property as a private residence or explore other permitted uses, subject to buyer verification. Rich in architectural character and full of potential, this historic gem is ready for its next chapter. Ideally located near downtown Lincoln, parks, shopping, dining, and local amenities, this is a rare opportunity to own a distinctive property filled with charm, history, and endless possibilities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1922
- Lot Size
- 10,738 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,929 | 1,944.97 |
| Lot Size | 10,738 | 6,942.788 |
| Price | $538.0K | $635.3K |
| Price per sq ft | $279 | $347 |
| Built year | 1922 | 2005 |
| HOA | $0 | $188 |
| Days on market | 45 | 49 |
Pricing History
Listed for Sale
Aug 29, 2026
$538,000
$548,000
-2% Price Drop
Initial Listing
Price Change
Aug 20, 2026
$548,000
$559,000
-2% Price Drop
Initial Listing
Price Change
Aug 13, 2026
$559,000
$579,000
-3% Price Drop
Initial Listing
Price Change
Jul 26, 2026
$579,000
Initial Listing
Sold
Oct 24, 2025
$500,000
Public Record
Sold
Aug 13, 2004
$370,000
Public Record
Sold
Feb 2, 1998
$109,000
Public Record