30000 Kasson Rd. 4A26 Rainbow Drive, Tracy, CA 95304, Tracy, 95304 - 2 bed, 1 bath
ACTIVE$170,000$840/sqft
30000 Kasson Rd. 4A26 Rainbow Drive, Tracy, CA 95304
2Beds
1Bath
840Sqft
7,405Lot
Price Vs. Estimate
Estimation data not available
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 = 7405, living area = 840.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 17944977.
Compared to the nearby listings
Price:$170.0K vs avg $815.0K ($-645,000)29%
Size:840 sqft vs avg 2,985.5 sqft3%
Price/sqft:$202 vs avg $28129%
More Insights
Condition: The listing explicitly states, 'Home as lots of possibility, bring your toolbelt,' indicating a need for substantial repairs and rehabilitation. The exterior image shows an aged property with weathered siding and an older aesthetic, suggesting significant deferred maintenance and outdated components. Without interior photos, it's highly probable that the kitchen, bathrooms, and other systems are also in need of major updates and renovation, aligning with the 'poor' condition criteria.
Year Built
Close
-
List price
$170K
Original List price
-
Price/Sqft
$202
HOA
$600
Days on market
-
Sold On
-
MLS number
225137486
Home ConditionPoor
Features
Excellent View:
View-
About this home
Single Family home located in the San Joaquin River Club. This home is right on the River with an incredible view! Home as lots of possibility, bring your toolbelt. As part of the community you have access to the private lakes, fishing, canoeing and the beautiful nature environment. This is a cash only sale, you own the home but not the land. Buyers must become members of the River Club to be considered.
D
Deborah Hall
Listing Agent
Nearby schools
/10
New Jerusalem Elementary School
Public,•K•2.9mi
6/10
Tracy High School
Public,•9-12•9.2mi
Condition Rating
Poor
The listing explicitly states, 'Home as lots of possibility, bring your toolbelt,' indicating a need for substantial repairs and rehabilitation. The exterior image shows an aged property with weathered siding and an older aesthetic, suggesting significant deferred maintenance and outdated components. Without interior photos, it's highly probable that the kitchen, bathrooms, and other systems are also in need of major updates and renovation, 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 = 7405, living area = 840.
Waterfront Location & Views: The property boasts a direct riverfront location with incredible, picturesque views, offering a highly desirable and serene living experience.
Exclusive Community Amenities: As part of the San Joaquin River Club, residents gain access to private lakes, fishing, canoeing, and a beautiful natural environment, enhancing lifestyle and recreational opportunities.
Attractive Price Point: Listed at $170,000, this single-family home presents a relatively affordable entry into homeownership, despite the unique land ownership structure.
Value-Add Potential: Described as having 'lots of possibility' and needing a 'toolbelt,' the property offers significant potential for renovation and customization, allowing buyers to build equity and personalize their home.
Serene Natural Setting: Situated within a beautiful natural environment, the location provides a peaceful and recreational living experience, appealing to nature enthusiasts.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 17944977.
Cash-Only & Land Lease Structure: The requirement for a cash-only purchase and the fact that buyers own the home but not the land severely limit financing options, restrict the buyer pool, and impact long-term appreciation potential.
Substantial Association Fees: A high monthly association fee of $600 is significant, especially relative to the property's list price, substantially increasing the total cost of ownership and impacting affordability.
Required Renovation/Condition: The property description explicitly states it needs a 'toolbelt,' indicating it requires considerable repairs or upgrades, necessitating further investment from the buyer post-purchase.