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27933 Magic Mountain Lane, Canyon Country, California 91387, Canyon Country, 91387 - 4 bed, 3 bath

27933 Magic Mountain Lane, Canyon Country, California 91387 home-pic-0
ACTIVE$999,000
27933 Magic Mountain Lane, Canyon Country, California 91387
4Beds
3Baths
2,107Sqft
43,306Lot

Price Vs. Estimate

The estimated value ($847,153.96) is $151,846.04 (15%) lower than the list price ($999,000). 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 = 43306, living area = 2107.
Top Cons:
Renovation Required: Described as a 'diamond in the rough,' the property likely requires significant renovation and modernization to unlock its full potential and meet contemporary standards.

Compared to the nearby listings

Price:$999.0K vs avg $900.0K (+$99,000)59%
Size:2,107 sqft vs avg 2,434 sqft41%
Price/sqft:$474 vs avg $41968%

More Insights

Built in 1956 (69 years old).
Condition: Built in 1956, this property is a true 'diamond in the rough' as described, requiring substantial repairs and rehabilitation. The lack of interior photos for the kitchen and bathrooms, combined with the home's age and visible exterior neglect (peeling paint, cluttered areas), strongly indicates these key areas are original or severely outdated and will require full renovation. While central HVAC is mentioned, other major systems are likely past their expected lifespan, necessitating significant investment to meet modern standards and comfort.
Year Built
1956
Close
-
List price
$999K
Original List price
$999K
Price/Sqft
$474
HOA
-
Days on market
-
Sold On
-
MLS number
25589015
Home ConditionPoor
Features
Good View: City Lights, Mountain(s), Pool
Pool
Spa
Patio
ViewCity Lights,Mountain(s),Pool

About this home

Opportunity knocks at this rare offering in the urban heart of Santa Clarita. Situated on a flat useable acre where possibilities are endless. Per The City, zoning is UR2, Urban Residential and lot size can accommodate up to seven horses, yes horses! Now let your imagination run wild.... Family Compound, addition, future horse property, remodel, expand, build an ADU, subdivide, develop?? Private gated entry with long wide driveway can accommodate ample cars, trucks and recreational vehicles. Picturesque sparkling pool/spa with captivating city light and mountain views. Current use is a single story three-bedroom home with a finished attic space ideal for additional storage featuring central HVAC and a detached garage. Don't miss this chance to polish up this diamond in the rough or redefine the use entirely. No mello-roos, no HOA and easy access to transportation and the 14 freeway.

Condition Rating
Poor
Built in 1956, this property is a true 'diamond in the rough' as described, requiring substantial repairs and rehabilitation. The lack of interior photos for the kitchen and bathrooms, combined with the home's age and visible exterior neglect (peeling paint, cluttered areas), strongly indicates these key areas are original or severely outdated and will require full renovation. While central HVAC is mentioned, other major systems are likely past their expected lifespan, necessitating significant investment to meet modern standards and comfort.
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 = 43306, living area = 2107.
Large, Usable Lot with Development Potential: The property features a flat, usable acre offering extensive possibilities for expansion, subdivision, or future development, including building an ADU.
Flexible Zoning & Equestrian Potential: Zoned UR2 (Urban Residential), the lot can accommodate up to seven horses, presenting a unique opportunity for equestrian enthusiasts or a family compound.
Desirable Amenities & Views: Includes a picturesque pool/spa complemented by captivating city light and mountain views, enhancing lifestyle and appeal.
Financial Advantages & Accessibility: Benefits from no Mello-Roos or HOA fees, coupled with easy access to transportation and the 14 freeway.
Privacy & Extensive Parking: A private gated entry and long, wide driveway provide ample parking for multiple vehicles, trucks, and recreational vehicles, ensuring privacy and convenience.

Cons

Renovation Required: Described as a 'diamond in the rough,' the property likely requires significant renovation and modernization to unlock its full potential and meet contemporary standards.
Age of Construction: Built in 1956, the home's age suggests potential for outdated systems, finishes, and structural components that may necessitate substantial investment.
Overpriced Relative to Market Estimate: The current listing price of $999,000 is significantly above the estimated property value of $836,633, potentially impacting market competitiveness and buyer interest.

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