2850 Penny Lane, Lincoln, CA 95648, Lincoln, 95648 - 3 bed, 2 bath

2850 Penny Lane, Lincoln, CA 95648 home-pic-0

2850 Penny Lane

Lincoln, CA 95648

CLOSED
CONDITION: POOR
3Beds
2Baths
2,175Sq Ft
1,054,152Lot Size

Property Price

LIST PRICE$1,250,000

SUMMARY

Analysis of 2850 Penny Lane, Lincoln, CA 95648 is currently available with a list price of $1,250,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Lincoln Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

The property was built in 1977, making it 47 years old. The listing explicitly states it is 'sold as-is' and 'ready for your personal touch to transform it into a cozy haven,' further emphasizing that it 'requires a 'personal touch' and likely significant renovation to meet contemporary standards and preferences.' There are no interior images provided, especially of the kitchen and bathrooms, which strongly suggests these areas are significantly dated and in need of substantial rehabilitation. The exterior images show a dated structure and unkempt surroundings, reinforcing the need for major updates throughout the home.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 1054152, living area = 2175.

  • Expansive Acreage

    The property boasts a substantial 24.2 acres, offering significant space for various uses and future expansion.

  • Versatile Zoning (F)

    Flexible (F) zoning supports a wide range of applications, including residential and agricultural, enhancing its development potential.

CONSRISKS & DEFICIENCIES

  • As-Is Condition

    The property is sold in 'as-is' condition, which may necessitate additional investment for repairs, upgrades, or modernization.

  • Dated Home

    Built in 1977, the existing 2,175 sq. ft. home requires a 'personal touch' and likely significant renovation to meet contemporary standards and preferences.

  • Requires Vision & Investment

    While brimming with potential, the property demands a buyer with a clear vision and financial resources to fully realize its capabilities and transform it into a modern haven or developed asset.

About 2850 Penny Lane

Back on market at no fault of seller. Listed below appraised value! Welcome to 2850 Penny Lane in Lincoln. A property brimming with potential on 24.2 acres of versatile land directly across from the master planned community of Bickford Ranch. This 2,175 sq. ft. home offers 3 bedrooms and 2 bathrooms, ready for your personal touch to transform it into a cozy haven. The property, sold as-is, invites endless possibilities with (F) zoning that supports residential, agricultural, and more. With the ability to split the parcel once (buyer to verify) you can explore personalized development or investment opportunities. Whether you're dreaming of a private retreat or family compound, this property accommodates a wide range of applications. Embrace the potential of this serene setting and bring your vision to life. This is a rare opportunity to purchase a lot of acreage in a desirable area where you are close to so many amenities. Proposed New Cal Fire station and expansive sports park to be built across the street. Don't miss the chance to own this extraordinary piece of Lincoln, where your creativity and care can truly shine.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1977
Lot Size
1,054,152 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.03.0
48%
Square foot2,1751,923
62%
Lot Size1,054,1526,630
100%
Price$1.25M$595.0K
95%
Price per sq ft$575$327
99%
Built year19772004
10%
HOA$0$132
39%
Days on market149185
28%

Pricing History

Sold

Dec 1, 2025

$1,250,000

Public Record

Browse Properties by State Browse housing market trends by state