24120 Martingale Way, Tehachapi, CA 93561, Tehachapi, 93561 - 4 bed, 4 bath
ACTIVE$1,499,500$3,739/sqft
24120 Martingale Way, Tehachapi, CA 93561
4Beds
4Baths
3,739Sqft
93,218Lot
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 = 93218, living area = 3739.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =93218, other record lot size in square feet = 94089.
Compared to the nearby listings
Price:$1.50M vs avg $425.0K (+$1,074,500)99%
Size:3,739 sqft vs avg 1,843 sqft97%
Price/sqft:$401 vs avg $25099%
More Insights
Built in 1993 (33 years old).
Condition: Built in 1993, this property is 31 years old, placing it within the 'Fair' category's age range for properties without recent major renovations. The provided aerial image offers no insight into the interior condition, specifically the kitchen and bathrooms, flooring, or appliances. However, the property analysis explicitly notes a 'potential for updates' for major systems and interior finishes due to its age. This suggests that while the home is likely well-maintained, its components and styles are probably original or last updated 15-30 years ago, indicating they are functional but may appear outdated and could benefit from minor cosmetic or system updates.
Year Built
1993
Close
-
List price
$1.5M
Original List price
-
Price/Sqft
$401
HOA
$2,000
Days on market
-
Sold On
-
MLS number
PI25151822
Home ConditionFair
Features
Good View:
View-
About this home
Welcome to 24120 Martingale way, a haven of elegance and seclusion poised amidst the breathtaking beauty of Bear Valley Springs.
C
Connie Peacon
Listing Agent
Price History
Date
Event
Price
06/01/99
Sold
$553,000
12/24/97
Sold
$28,000
02/18/03
Sold
$56,000
Condition Rating
Fair
Built in 1993, this property is 31 years old, placing it within the 'Fair' category's age range for properties without recent major renovations. The provided aerial image offers no insight into the interior condition, specifically the kitchen and bathrooms, flooring, or appliances. However, the property analysis explicitly notes a 'potential for updates' for major systems and interior finishes due to its age. This suggests that while the home is likely well-maintained, its components and styles are probably original or last updated 15-30 years ago, indicating they are functional but may appear outdated and could benefit from minor cosmetic or system updates.
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 = 93218, living area = 3739.
Expansive Lot Size: The property boasts a very generous lot size of 93,218 sqft (over 2 acres), offering significant privacy, outdoor space, and potential for landscaping or additional amenities.
Generous Living Space: With 3,739 sqft of living area, this 4-bedroom, 4-bathroom residence provides ample room for comfortable living, entertaining, and accommodating a family or guests.
Desirable Community Setting: Located in Bear Valley Springs, the property benefits from a reputation for elegance, seclusion, and natural beauty, appealing to buyers seeking a tranquil and upscale community lifestyle.
Excellent Bed/Bath Ratio: The home features 4 bedrooms and 4 bathrooms, providing a high level of convenience and luxury, ensuring each bedroom potentially has direct access to a full bath or ample facilities for residents and guests.
Established Construction Era: Built in 1993, the home likely benefits from more modern construction standards and layouts compared to much older properties, while also having established landscaping and a mature neighborhood feel.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =93218, other record lot size in square feet = 94089.
Ongoing Association Fees: The property is subject to an annual association fee of $2,000, which represents an additional recurring cost of ownership that some buyers may find undesirable.
Niche Market Location: While offering unique charm, Tehachapi may appeal to a more specific buyer demographic, potentially leading to a smaller buyer pool and longer market times compared to properties in larger metropolitan areas.
Potential for Updates: As a 1993 build, the property's major systems (e.g., HVAC, roof, water heater) and interior finishes may be nearing the age where updates or replacements could be anticipated by discerning buyers, depending on prior maintenance.