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2803 Penrose Lane, Lathrop, CA 95330, Lathrop, 95330 - 4 bed, 4 bath

2803 Penrose Lane, Lathrop, CA 95330 home-pic-0
ACTIVE$825,000$2,994/sqft
Est. Value: $804,480
-2%
FairlyEstimate
2803 Penrose Lane, Lathrop, CA 95330
4Beds
4Baths
2,994Sqft
5,750Lot

Price Vs. Estimate

The estimated value ($804,479.715) is $20,520.285 (2%) lower than the list price ($825,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2021, this home offers nearly 3,000 sq. ft. of spacious, modern living with thoughtful upgrades throughout, including luxury vinyl plank flooring.
Top Cons:
Price Reduction from Previous Sale: The current listing price of $825,000 is lower than its previous sale price of $845,500, which may raise questions about market value or depreciation since the last transaction.

Compared to the nearby listings

Price:$825.0K vs avg $645.0K (+$180,000)88%
Size:2,994 sqft vs avg 2,286 sqft78%
Price/sqft:$276 vs avg $29239%

More Insights

Built in 2021 (5 years old).
Condition: Built in 2021, this home is virtually new. The description highlights extensive, thoughtful upgrades including luxury vinyl plank flooring, a gourmet kitchen with herringbone tile backsplash, stainless steel appliances, and waterfall-edge countertops. Bathrooms feature modern vanities, tiled showers, and a soaking tub. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
2021
Close
-
List price
$825K
Original List price
-
Price/Sqft
$276
HOA
$0
Days on market
-
Sold On
-
MLS number
225131058
Home ConditionExcellent
Features
View-

About this home

This stunning Lathrop home offers 4 bedrooms, 3.5 bathrooms, and nearly 3,000 sq. ft. (2,994) of spacious, modern living. Every detail has been thoughtfully upgradedfrom the luxury vinyl plank flooring throughout to the elegant master suite featuring a tiled shower and soaking tub. Enjoy premium features including a Culligan water system, solar panels, and Ring security cameras. The gourmet kitchen is a true showstopper, complete with a herringbone tile backsplash, stainless steel appliances, and a large island with waterfall-edge countertopsperfect for entertaining family and friends. Tesla owners will love the convenience of a pre-installed charger, and families will appreciate the new elementary school opening right across the street for the upcoming school year. Don't miss your chance to call this exceptional River Islands home your own!

D
Damien Wilson
Listing Agent

Price History

Date
Event
Price
10/25/21
Sold
$845,500
Condition Rating
Excellent
Built in 2021, this home is virtually new. The description highlights extensive, thoughtful upgrades including luxury vinyl plank flooring, a gourmet kitchen with herringbone tile backsplash, stainless steel appliances, and waterfall-edge countertops. Bathrooms feature modern vanities, tiled showers, and a soaking tub. All components are new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2021, this home offers nearly 3,000 sq. ft. of spacious, modern living with thoughtful upgrades throughout, including luxury vinyl plank flooring.
Extensive Upgrades & Premium Amenities: Features a gourmet kitchen with high-end finishes (herringbone tile, stainless steel, waterfall island), an elegant master suite with tiled shower and soaking tub, Culligan water system, and Ring security cameras.
Energy Efficiency & EV Ready: Equipped with solar panels for reduced energy costs and a pre-installed Tesla charger, appealing to eco-conscious buyers and electric vehicle owners.
Prime Family Location: Strategically located directly across from a new elementary school opening soon, making it highly desirable for families with young children.
No HOA Fees: The property benefits from having no association fees, reducing the overall cost of homeownership.

Cons

Price Reduction from Previous Sale: The current listing price of $825,000 is lower than its previous sale price of $845,500, which may raise questions about market value or depreciation since the last transaction.
Limited Outdoor Space Description: While a lot size of 5,750 sq. ft. is provided, the description lacks specific details about developed outdoor features or landscaping, which could be a consideration for buyers prioritizing exterior living areas.
New Development Environment: As part of the River Islands community, there may be ongoing construction in the surrounding areas, potentially leading to temporary inconveniences such as noise or dust.
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