292 W Lathrop Road, Lathrop, CA 95330, Lathrop, 95330 - 3 bed, 2 bath
ACTIVE$949,000$1,460/sqft
Est. Value: $1,048,677
10%
BelowEstimate
292 W Lathrop Road, Lathrop, CA 95330
3Beds
2Baths
1,460Sqft
35,640Lot
Price Vs. Estimate
The estimated value ($1,048,676.505) is $99,676.505 (10%) higher than the list price ($949,000). This property may be underpriced.
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 = 35640, living area = 1460.
Top Cons:
As-Is Sale & Condition: The property is explicitly sold 'As-Is,' indicating that buyers should anticipate necessary repairs, renovations, and potential deferred maintenance, requiring additional capital investment.
Compared to the nearby listings
Price:$949.0K vs avg $645.0K (+$304,000)92%
Size:1,460 sqft vs avg 2,281 sqft14%
Price/sqft:$650 vs avg $29299%
More Insights
Built in 1951 (75 years old).
Condition: Built in 1951, the main house is over 70 years old and is being sold 'As-Is.' The interior images reveal severely outdated conditions in the kitchen and bathroom, featuring old tile countertops, worn laminate/linoleum flooring, and dated fixtures that require full renovation. The description explicitly notes the age of the main residence as a weakness, 'likely requiring significant updates to systems (electrical, plumbing, HVAC).' The presence of an old mobile home and a dilapidated workshop further indicates a property in need of substantial repairs and rehabilitation, aligning with the 'Poor' condition criteria.
Year Built
1951
Close
-
List price
$949K
Original List price
-
Price/Sqft
$650
HOA
$0
Days on market
-
Sold On
-
MLS number
225149999
Home ConditionPoor
Features
View-
About this home
As-Is. Property to be sold together with the land lot 14880 Reverend Maurice Cotton Drive ( lot 13,860 sqft, Residential ). Price reflects the purchase of both lots. Total 0.812 acres lot. A house 1,460 sqft. Workshop is 3,000 sqft and A mobile home. Great location!
T
Tuyet Nguyen
Listing Agent
Condition Rating
Poor
Built in 1951, the main house is over 70 years old and is being sold 'As-Is.' The interior images reveal severely outdated conditions in the kitchen and bathroom, featuring old tile countertops, worn laminate/linoleum flooring, and dated fixtures that require full renovation. The description explicitly notes the age of the main residence as a weakness, 'likely requiring significant updates to systems (electrical, plumbing, HVAC).' The presence of an old mobile home and a dilapidated workshop further indicates a property in need of substantial repairs and rehabilitation, aligning with the 'Poor' condition criteria.
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 = 35640, living area = 1460.
Expansive Land & Development Potential: The sale includes two parcels totaling 0.812 acres, offering significant space for expansion, landscaping, or potential future development, a rare asset in urbanizing areas.
Income-Generating & Multi-Use Structures: The property features a main house, a substantial 3,000 sqft workshop, and a mobile home, providing diverse opportunities for rental income, business operations, or multi-generational living.
Strategic Location: Described as a 'Great location!', suggesting favorable access to amenities, transportation, or community features in Lathrop.
Investment & Value-Add Opportunity: The combination of multiple structures, a large lot, and 'As-Is' sale presents a prime opportunity for investors or owner-occupants to add significant value through renovation and optimization.
Versatile Property Configuration: The unique setup with a house, workshop, and mobile home caters to a niche market of buyers seeking flexibility for personal use, business ventures, or rental income streams.
Cons
As-Is Sale & Condition: The property is explicitly sold 'As-Is,' indicating that buyers should anticipate necessary repairs, renovations, and potential deferred maintenance, requiring additional capital investment.
Age of Main Residence: Built in 1951, the main house is over 70 years old, likely requiring significant updates to systems (electrical, plumbing, HVAC) and aesthetics to meet modern standards and buyer expectations.
Non-Standard Property Configuration: The presence of a mobile home alongside the main house and workshop might complicate financing, insurance, or appeal to a narrower segment of buyers seeking a more conventional residential property.