300 Larsen Lane, Applegate, CA 95703, Applegate, 95703 - 6 bed, 3 bath
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This 6-bedroom residence represents a High-Potential Investment Opportunity, listed at a List Price of $849,000—positioned slightly above the $827,203 Fair Market Value. While the property requires modernization due to its Condition Rating of 5, the expansive 4.5-acre lot and panoramic mountain views provide significant upside for value-add renovations. The absence of HOA fees and the rare 6-bedroom capacity offer exceptional utility for multi-generational living or rental income. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity through strategic capital improvements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 300 Larsen Lane Subject | $849,000* List Price | 6 | 3 | 2,619 | $316 | - |
A 18925 Applegate Road Active | $875,000 List Price | 5 | 5 | 3,243 | $270 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Property built in 1989 is 37 years old, placing it in the >30y category. Without documented renovations, original kitchen, baths, and major systems (HVAC/Electric) are likely at the end of their functional life and require rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 196020, living area = 2619.
The property boasts a massive 4.5-acre lot (196,020 sqft), providing exceptional privacy and versatile space for equestrian use, gardening, or potential ADU expansion.
With six bedrooms, this residence offers rare utility for large families, multi-generational living, or multiple dedicated home office spaces, which is a significant value-add.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 3.
Built in 1989, the home may require capital improvements for modernizing interior finishes and upgrading aging mechanical systems to meet current energy standards.
Managing a nearly 200,000-square-foot rural parcel requires significant ongoing effort and expense for vegetation control and mandatory wildfire defensible space maintenance.
Exceptional opportunity in Applegate. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,619 | 1,927 |
| Lot Size | 196,020 | 100,188 |
| Price | $849.0K | $535.0K |
| Price per sq ft | $324 | $243 |
| Built year | 1989 | 1983 |
| HOA | $0 | $0 |
| Days on market | 37 | 152 |
Aug 3, 2026
$849,000
Initial Listing
Mar 5, 2025
$810,000
Public Record