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22060 Olivas Avenue, Nuevo, California 92567, Nuevo, 92567 - 4 bed, 3 bath

22060 Olivas Avenue, Nuevo, California 92567 home-pic-0
ACTIVE$3,500,000
22060 Olivas Avenue, Nuevo, California 92567
4Beds
3Baths
2,508Sqft
797,148Lot
Year Built
1967
Close
-
List price
$3.5M
Original List price
$3.6M
Price/Sqft
$1,396
HOA
-
Days on market
-
Sold On
-
MLS number
CV25133863
Home ConditionGood
Features
Good View: Pasture
ViewPasture

About this home

We found 3 Cons,5 Pros.

Incredible opportunity to own 18+ acres flat, usable acres in the growing community of Nuevo- Ideal for those seeking a private retreat with future building potential. Zoned CR (Commercial, Residential) . Nestled at the end of a quiet culdesac, the property features a well maintained 4 bedroom, 3 bathroom home with peaceful views of the surrounding hills and open skies. Enjoy the tranquility of rural living with room for horses, farming, or outdoor recreation, all while being just minutes away from Menifee, Perris (Lake Perris), and Highway 74. Whether you're looking to build upon or live surrounded by wide open space, this unique property offers the best of all worlds. FULLY REMODELED and contains city water use and a well. Buyers to do their own due diligence regarding building potential.

Condition Rating
Good
The listing states the property is 'FULLY REMODELED'. The images show updated flooring, bathrooms, and kitchen. While the house was built in 1967, the remodel appears recent and of good quality. The kitchen features modern appliances and finishes. The bathrooms also appear updated. The overall condition seems move-in ready with no immediate renovation required.
Pros & Cons

Pros

Large Lot Size: The property boasts over 18 acres of flat, usable land, offering ample space for various activities and potential development.
Zoning Flexibility: Zoned CR (Commercial, Residential), providing a wide range of possibilities for use and future development.
Remodeled Home: The property features a fully remodeled 4-bedroom, 3-bathroom home, offering modern amenities and comfortable living.
Water Access: The property benefits from both city water and a well, ensuring a reliable water supply.
Location: Situated at the end of a quiet cul-de-sac, offering privacy and peaceful views, while still being close to Menifee, Perris, and Highway 74.

Cons

Price: The list price of $3,500,000 may be considered high for the area, potentially limiting the pool of buyers.
Age of Home: Built in 1967, the home may require ongoing maintenance and potential upgrades despite being remodeled.
Due Diligence Required: Buyers need to conduct their own due diligence regarding building potential, which may add time and expense to the purchase process.

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