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24030 Shotgun Lane, Diamond Bar, California 91765, Diamond Bar, 91765 - 4 bed, 3 bath

24030 Shotgun Lane, Diamond Bar, California 91765 home-pic-0
ACTIVE$1,800,000$3,802/sqft
Est. Value: $1,110,313
-38%
AboveEstimate
24030 Shotgun Lane, Diamond Bar, California 91765
4Beds
3Baths
3,802Sqft
79,844Lot

Price Vs. Estimate

The estimated value ($1,110,313.1) is $689,686.9 (38%) lower than the list price ($1,800,000). This property may be overpriced.

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 = 79844, living area = 3802.
Top Cons:
Uninhabitable Structures & Demolition Costs: Both the existing main and guest houses are uninhabitable and sold 'as-is,' necessitating demolition and significant upfront costs before any new construction can commence.

Compared to the nearby listings

Price:$1.80M vs avg $1.15M (+$648,000)86%
Size:3,802 sqft vs avg 2,033 sqft88%
Price/sqft:$473 vs avg $54620%

More Insights

Built in 1976 (50 years old).
Condition: The listing explicitly states that both the main house and guest house are 'uninhabitable' and the property is 'selling for land value only.' The images confirm severe disrepair, indicating the structures are beyond practical repair and require demolition, aligning perfectly with the 'tear-down' criteria.
Year Built
1976
Close
-
List price
$1.8M
Original List price
$1.8M
Price/Sqft
$473
HOA
$294
Days on market
-
Sold On
-
MLS number
IG25050088
Home ConditionTear down
Features
Excellent View: City Lights, Canyon, Hills, Neighborhood, Panoramic, Valley, Trees/Woods
Deck
Pool
Patio
ViewCity Lights,Canyon,Hills,Neighborhood,Panoramic,Valley,Trees/Woods

About this home

Selling for land value only. This prime, usable 1.83-acre lot is perched high in the prestigious, 24-hour guard-gated community of “The Country Estates,” surrounded by multi-million dollar luxury homes and offering breathtaking panoramic valley views. The property is currently configured with a Main House on the upper level and a Guest House with a Pool below. Both the existing home and guest house are uninhabitable, and the seller will not be making any repairs. A custom mansion plan, designed by a renowned architect, was approved by the city in September 2019 (now expired) for an opulent 15,000± sq. ft. estate. The design features 9 suites, guest quarters, a sprawling 1,500± sq. ft. great room, a gym, a courtyard, pool, a tennis court and a basement garage accommodating 7+ cars. Buyers are responsible for verifying and satisfying all requirements with the City of Diamond Bar and the HOA regarding plan renewal or modifications. Located in the award-winning Walnut Unified School District. Don't miss this rare opportunity to build your dream estate!

S
Semiwati Tan
Listing Agent

Nearby schools

9/10
Quail Summit Elementary School
Public,•K-5•0.6mi
8/10
Evergreen Elementary School
Public,•K-5•2.2mi
8/10
Hidden Trails Elementary School
Public,•K-6•2.8mi
7/10
Castle Rock Elementary School
Public,•K-5•2.9mi
8/10
Chaparral Middle School
Public,•6-8•1.0mi
8/10
South Pointe Middle School
Public,•6-8•2.9mi
8/10
Canyon Hills Junior High School
Public,•7-8•2.9mi
10/10
Diamond Bar High School
Public,•9-12•2.3mi
8/10
Ruben S. Ayala High School
Public,•9-12•3.9mi
Condition Rating
Tear down
The listing explicitly states that both the main house and guest house are 'uninhabitable' and the property is 'selling for land value only.' The images confirm severe disrepair, indicating the structures are beyond practical repair and require demolition, aligning perfectly with the 'tear-down' criteria.
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 = 79844, living area = 3802.
Great Schools: Elementary School: Quail Summit Elementary School (9/10). High School: Diamond Bar High School (10/10).
Prime Location & Exclusivity: Situated in 'The Country Estates,' a prestigious 24-hour guard-gated community surrounded by multi-million dollar luxury homes, offering an exclusive and secure living environment.
Expansive Usable Lot: A generous and prime 1.83-acre (79,844 sqft) usable lot provides ample space for a custom luxury estate, a rare find in this desirable area.
Breathtaking Panoramic Views: The property boasts breathtaking panoramic valley views, including city lights, canyons, hills, and trees, enhancing its aesthetic appeal and potential value.
Development Potential with Prior Plans: Previous city-approved plans for an opulent 15,000 sq. ft. custom mansion indicate the lot's suitability for large-scale luxury development and provide a valuable starting point for a new owner.
Top-Rated School District: Located within the award-winning Walnut Unified School District, a significant draw for families seeking excellent educational opportunities.

Cons

Uninhabitable Structures & Demolition Costs: Both the existing main and guest houses are uninhabitable and sold 'as-is,' necessitating demolition and significant upfront costs before any new construction can commence.
Expired Building Plans & Regulatory Hurdles: The custom mansion plans are expired, requiring the buyer to undertake the process of renewal or modification, navigating city and HOA approvals, which can incur additional time and expenses.
Significant Valuation Discrepancy: The list price of $1.8 million is considerably higher than the estimated property value of $1.11 million, potentially requiring strong justification to prospective buyers regarding the land's premium.
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