
Foresthill, CA 95631
This property presents a High-Potential Investment Opportunity with a List Price of $349,000—positioned well below the $363,297 Fair Market Value by 3%. This valuation gap offers $14,297 in Instant Equity. Featuring RM-DL4 SF Zoning and five installed water meters across 7.1 acres, the site provides a turnkey foundation for multi-unit development. With a Condition Rating of 6, the existing cabin serves as a functional base for Buy-and-Hold Investors or Residential Developers seeking to maximize density in a growing area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24825 Harrison Street Subject 2 bd · 1 ba · 1,410 sqft · $258 | $349,000* List Price | 2 | 1 | 1,410 | $258 | - |
A 24825 Harrison Street Active 2 bd · 1 ba · 1,410 sqft · $283 · 0.1 mi | $399,000 List Price | 2 | 1 | 1,410 | $283 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property features a small cabin built in 1948 (>50 years old) with no mentioned renovations. The listing heavily emphasizes the land value, zoning, and development potential of the 7.1 acres, treating the cabin merely as temporary lodging during construction.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 309276, living area = 1410.
The property features four separate parcels with RM-DL4 SF zoning and five installed water meters, offering a turnkey-ready foundation for multi-unit residential development or a family compound.
Spanning 7.1 acres of usable land bordering BLM territory, the site provides exceptional privacy and natural beauty while maintaining walking-distance proximity to local schools and amenities.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =309276, other record lot size in square feet = 39204.
The existing cabin dates back to 1948 and will likely require extensive renovation or eventual replacement to meet modern standards and maximize the property's overall value.
Achieving the maximum density of 4+ units per acre is contingent upon county approvals and meeting specific development requirements, which could impact project timelines and total investment costs.
GREAT BUY & EXCELLENT INVESTMENT OPPORTUNITY! This is a rare opportunity to own approximately 7.1 acres across four separate parcels, offering outstanding potential for future development, investment, or a combination of both. With the existing cabin, multiple water meters already in place, surveyed property lines, and favorable RM-DL4 SF zoning, this property offers a fantastic head start for your development plans.Live in the cabin while you develop! The existing small cabin has power, an existing septic system, and a fifth FHPUD water meter, making it a great place to stay while you plan and work toward developing the property. The four separate parcels are zoned RM-DL4 SF, allowing 4+ units per acre, creating an exciting range of possibilities. Depending on county approval and applicable development requirements, there is potential for four homes with ADUs, duplexes, or other multi-unit residential development. Having four individual parcels provides flexibility and creates an excellent opportunity for an investor, builder, or owner-user. Approximately four FHPUD water meters are already installedone for each parceland are included in the sale. A meter map is available. Property lines have been surveyed, and parcel maps are available.The land itself is attractive and usable, with level areas, a gentle rolling grade on the back parcel, and many mature trees. BLM land borders the south side, adding to the natural setting and privacy. Electricity, phone, cable, and internet are available at the end of Harrison Street. The location is another major plus, with the property conveniently situated within walking distance of town, schools, restaurants, and local amenities. This combination of acreage, multiple parcels, existing infrastructure, water meters, zoning, and location makes this a very attractive investment and development opportunity.Total of approximately 7.1 acres consisting of four separate parcels: APN #007-220-058-000, APN #007-220-059-000,APN #007-220-060-000, APN #007-220-061-000.Water meters are installed and included in the sale. Parcel maps and meter map available. Seller will consider selling parcels separately; special conditions apply. A great buy with tremendous potential and multiple possibilities! Whether you are looking to build, invest, hold for future development, or create multiple residences, this property offers an exceptional opportunity to get into a growing area with valuable infrastructure already in place.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,410 | 1,878.963 |
| Lot Size | 309,276 | 46,464 |
| Price | $349.0K | $516.2K |
| Price per sq ft | $248 | $274 |
| Built year | 1948 | 1989 |
| HOA | $0 | $156 |
| Days on market | 46 | 78 |
Sep 8, 2026
$349,000
Initial Listing