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259 Swanson Road, Manteca, CA 95337, Manteca, 95337 - 2 bed, 1 bath

259 Swanson Road, Manteca, CA 95337 home-pic-0

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 = 227819, living area = 1322.
Top Cons:
Development Option Verification Required: Buyers are explicitly required to verify all development options and zoning with the City of Manteca Planning Department, introducing a critical due diligence step and potential for unforeseen restrictions.

Compared to the nearby listings

Price:$3.50M vs avg $595.0K (+$2,905,000)99%
Size:1,322 sqft vs avg 2,052.5 sqft8%
Price/sqft:$2.6K vs avg $29399%

More Insights

Built in 1957 (69 years old).
Condition: The property was built in 1957, making it over 50 years old. The listing explicitly markets the parcel for multi-family development, stating the 'existing residence offers value-add potential or a clean slate for new construction,' and the property analysis notes it 'may necessitate significant renovation or demolition.' There are no interior images provided, which strongly indicates the existing structure, including the kitchen and bathrooms, is in unlivable or extremely poor condition. The value of this listing is clearly in the land for redevelopment, not the existing structure.
Year Built
1957
Close
-
List price
$3.5M
Original List price
-
Price/Sqft
$2,648
HOA
$0
Days on market
-
Sold On
-
MLS number
224108463
Home ConditionTear down
Features
View-

About this home

Developers - Don't Miss This Rare Multi-Family Opportunity! Positioned on the thriving border of Manteca and Lathrop, this 5.2-acre medium-density parcel offers incredible potential for multi-family developmentpossibly allowing 15+ units per acre for townhomes, duplexes, triplexes or smaller, affordable housing. With sewer and utilities already available at the street, and ongoing development nearby, this site is primed for your next project. The existing residence offers value-add potential or a clean slate for new construction. Minutes from Hwy 120 and I-5, this location provides unbeatable accessibility for future tenants or buyers. Opportunities like this don't lastsecure your stake in Manteca's growth corridor. Buyers to verify development options with the City of Manteca Planning Department.

R
Renee Ledbetter
Listing Agent

Price History

Date
Event
Price
07/03/18
Sold
$1,420,000
12/15/06
Sold
$53,500
Condition Rating
Tear down
The property was built in 1957, making it over 50 years old. The listing explicitly markets the parcel for multi-family development, stating the 'existing residence offers value-add potential or a clean slate for new construction,' and the property analysis notes it 'may necessitate significant renovation or demolition.' There are no interior images provided, which strongly indicates the existing structure, including the kitchen and bathrooms, is in unlivable or extremely poor condition. The value of this listing is clearly in the land for redevelopment, not the existing structure.
Pros & Cons

Pros

Cons

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