34981 Piute Road, Newberry Springs, California 92365, Newberry Springs, 92365 - 2 bed, 1 bath
ACTIVE$399,000
34981 Piute Road, Newberry Springs, California 92365
2Beds
1Bath
912Sqft
1,742,400Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Expansive Acreage: The property boasts a total of 80 acres, divided into two adjacent 40-acre parcels, offering vast space for various uses or future development.
Top Cons:
Tear-Down Home Condition: The existing 912 sqft residence is explicitly stated as being in 'tear-down condition,' necessitating significant immediate investment for demolition or complete rebuild.
Compared to the nearby listings
Price:$399.0K vs avg $170.0K (+$229,000)82%
Size:912 sqft vs avg 1,128 sqft18%
Price/sqft:$438 vs avg $13891%
More Insights
Built in 1962 (63 years old).
Condition: The property was built in 1962, making it over 60 years old. The MLS description explicitly states, 'Home is tear down condition.' The provided images confirm severe exterior deterioration, including extensively peeling paint and a significantly damaged roof with missing shingles. There is no evidence of major renovations in the past 50 years. The structure appears to be beyond repair and unlivable, indicating its value is solely in the land.
Year Built
1962
Close
-
List price
$399K
Original List price
$50K
Price/Sqft
$438
HOA
-
Days on market
-
Sold On
-
MLS number
HD25039635
Home ConditionTear down
Features
View-
About this home
RUAL PROPERTY 4 WELL, total 80 ACRES 2 PROPERTIES AJASENT TOGEATHER. AGENTS BEFORE MAKING OFFER CONSULT WITH LISTING AGENT WAYNE UYEHARA 760-912-1190, WAYNEKIMU@GMAIL.COM. APN'S: 0532021080000, 0532021090000.40 ACRES EACH. (Home is tear down condition).
Condition Rating
Tear down
The property was built in 1962, making it over 60 years old. The MLS description explicitly states, 'Home is tear down condition.' The provided images confirm severe exterior deterioration, including extensively peeling paint and a significantly damaged roof with missing shingles. There is no evidence of major renovations in the past 50 years. The structure appears to be beyond repair and unlivable, indicating its value is solely in the land.
Pros & Cons
Pros
Expansive Acreage: The property boasts a total of 80 acres, divided into two adjacent 40-acre parcels, offering vast space for various uses or future development.
Private Water Source: Equipped with a private well, providing a self-sufficient and cost-effective water supply, which is a significant asset for rural properties.
Development Flexibility: Comprising two distinct 40-acre APNs, the property offers flexibility for potential subdivision, separate sales, or diverse development strategies.
Rural Seclusion: Its rural location provides exceptional privacy and a tranquil environment, appealing to buyers seeking an escape from urban density.
Long-Term Land Investment: The substantial land size in a rural setting presents a strong opportunity for long-term appreciation and investment in land value.
Cons
Tear-Down Home Condition: The existing 912 sqft residence is explicitly stated as being in 'tear-down condition,' necessitating significant immediate investment for demolition or complete rebuild.
Remote Location: Situated in Newberry Springs, a highly rural area, which may limit access to essential services, amenities, and a broad buyer pool.
Significant Price Increase: A substantial price increase from an initial $50,000 to the current $399,000, especially given the tear-down home, could raise concerns about current market value and deter potential buyers.