23489 Mapes Road, Romoland, California 92585, Romoland, 92585 - 3 bed, 1 bath
ACTIVE UNDER CONTRACT$2,200,000
23489 Mapes Road, Romoland, California 92585
3Beds
1Bath
1,260Sqft
2,154,913Lot
Year Built
1934
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$1,746
HOA
-
Days on market
-
Sold On
-
MLS number
IV23182223
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $2.20M(99th), sqft - 1260(13th), beds - 3(44th), baths - 1(1th).
Almost 50 Acres of Land on a corner lot! Near Menifee Rd. & Mapes Rd. Endless possibilities for all this land! Located near 215 freeway and 74 there is a Community Center nearby, High School, Drop Zone water park and Big League Dreams Baseball Park & Skyline Air Balloon. There is a older Home in the North East side of the Land. Utilities: Gas Propane, septic tank, water meter and electric meter near the property. Do Not disturb tenants. Contact agent with all questions.
Condition Rating
Tear down
The property was built in 1934, making it 90 years old. The listing description refers to it as an 'older Home' and the property analysis explicitly states it is 'likely requiring substantial renovation, modernization, or demolition.' The exterior image of the house shows significant signs of age and disrepair, including a dated structure, worn exterior, and what appears to be an old roof. There are no interior images, but given the age and exterior condition, the kitchen and bathrooms are undoubtedly original or very old, outdated, and in extremely poor condition, requiring complete replacement. The property's value is clearly in its nearly 50 acres of land, with the existing structure being a liability rather than an asset, fitting the 'tear-down' criteria of being built over 50 years ago with no major renovations and the structure likely being beyond practical repair.
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 = 2154913, living area = 1260.
Expansive Land Parcel: Nearly 50 acres of land (approx. 2.15 million sqft) offering significant space for various uses and future development.
Development Potential: The large corner lot and substantial acreage present 'endless possibilities' for agricultural, commercial, or residential development.
Strategic Location & Accessibility: Situated on a corner lot near major freeways (215 & 74) and local amenities, providing excellent access and visibility.
Existing Utility Infrastructure: Utilities such as water, electric, and propane gas meters, along with a septic tank, are already near the property, facilitating development.
Corner Lot Advantage: The property's corner lot position enhances its visibility, accessibility, and potential for subdivision or commercial applications.
Cons
Age and Condition of Existing Structure: The existing home, built in 1934, is an 'older home' likely requiring substantial renovation, modernization, or demolition.
Septic System Dependency: The property relies on a septic tank rather than municipal sewer, which can limit development density and requires ongoing maintenance.
Propane Gas Utility: The property utilizes propane gas instead of natural gas, which may incur higher costs and require more frequent service.