3120 Iron Mine Road, Auburn, CA 95602, Auburn, 95602 - 3 bed, 3 bath
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Auburn, CA 95602
This Hillside Income-Generating Estate is listed at $749,000, offering a specialized lifestyle asset with a $633,762 Fair Market Value. Despite a Fair Condition Rating reflecting its original 1992 aesthetic, the property features an existing $1,400 monthly passive income stream from leased communications towers. Situated on over seven acres of usable land with long-range sunset views, the estate includes a view-facing deck and a separate lower-level living area. Located near Top-Rated Schools like Colfax High, this is a high-utility opportunity for Multi-generational Families or Owner-Occupants seeking to subsidize their mortgage through built-in revenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3120 Iron Mine Road Subject | $749,000* List Price | 3 | 3 | 1,644 | $385 | - |
A 2125 Dream Place Sold | $730,000 | 3 | 3 | 2,089 | $349 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992, this property is well-maintained and move-in ready but shows significant signs of being outdated. The kitchen retains original oak cabinetry and tile countertops, which are characteristic of its construction era. While the flooring has been updated to a wood-look laminate and some stainless steel appliances have been installed, the overall interior style, including the lighting fixtures and bathroom aesthetics, has not undergone a comprehensive modern renovation in the last 15 years, placing it firmly in the 'fair' category based on age and style.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 322344, living area = 1644.
The property features a unique built-in income source from leased communications towers, generating approximately $1,400 per month to offset mortgage costs.
Spanning over seven acres, the lot offers exceptional privacy, west-facing sunset views, and usable land already equipped with corrals for livestock or horses.
The presence of communications towers on the property may be considered an eyesore by some buyers, potentially impacting the aesthetic value of the natural landscape.
Managing a hillside property of this size can involve higher maintenance demands and potential accessibility challenges compared to traditional flat residential lots.
Hillside property in Christian Valley offering expansive west-facing views, privacy, and usable land on over seven acres. The setting captures rolling hills, dramatic sunsets, and long-range views stretching to the horizon. Designed with privacy in mind, this well-maintained property features a gated entry and a true sense of separation. Multiple corrals are already in place, ideal for livestock or future horse setup, with flat and usable areas throughout the land. The lower level offers a separate living area with added privacy and flexibility, ideal for extended family, guests, multi-generational living, or potential rental income. Built-in income stream with an existing leased communications towers currently generating approximately $1,400 per month with anual increases (buyer to verify terms, duration, and transferability). Conveniently located near Auburn and the village of Meadow Vista, this property offers a rare blend of privacy, views, usable acreage, and income potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,644 | 2,172.5 | 24% |
| Lot Size | 322,344 | 31,798.6 | 99% |
| Price | $749.0K | $675.0K | 65% |
| Price per sq ft | $456 | $321 | 94% |
| Built year | 1992 | 1985 | 67% |
| HOA | $0 | $22 | 45% |
| Days on market | 22 | 197 | 7% |
Mar 31, 2026
$749,000
Initial Listing