42915 Algood, Lake Elizabeth, California 93532, Lake Elizabeth, 93532 - 2 bed, 1 bath
ACTIVE$299,000
42915 Algood, Lake Elizabeth, California 93532
2Beds
1Bath
775Sqft
5,227Lot
Price Vs. Estimate
The estimated value ($235,143.13) is $63,856.87 (21%) lower than the list price ($299,000). This property may be overpriced.
Key pros and cons
Top Pros:
Affordable Price Point: Listed at $299,000, this property is described as 'affordable,' making it an attractive option for various buyer segments in the California market.
Top Cons:
Requires Tender Loving Care (TLC): The description explicitly states 'Home needs some tender loving care,' indicating potential immediate repair or renovation costs for the buyer.
Compared to the nearby listings
Price:$299.0K vs avg $429.0K ($-130,000)14%
Size:775 sqft vs avg 1,336 sqft10%
Price/sqft:$386 vs avg $34771%
More Insights
Built in 1967 (58 years old).
Condition: Built in 1967, this property shows significant signs of age and deferred maintenance. The kitchen features very outdated cabinets, worn laminate countertops, and extremely old white appliances, along with dated linoleum flooring and light fixtures. The bathroom also presents an outdated vanity, mirror, lighting, and flooring, with a basic, older fiberglass tub/shower unit. These key areas require substantial rehabilitation and replacement to meet current quality and aesthetic standards, aligning with the 'Poor' condition criteria. The listing description itself notes the home 'needs some tender loving care'.
Year Built
1967
Close
-
List price
$299K
Original List price
$299K
Price/Sqft
$386
HOA
-
Days on market
-
Sold On
-
MLS number
SR25220374
Home ConditionPoor
Features
Good View: Hills
Deck
ViewHills
About this home
Cute, country cottage in desirable Lake Elizabeth. Check out this affordable, 2 bedroom, 1 bath home. Open beam ceilings enhance the rustic charm. A wrap around porch and fenced backyard, 2 car garage and storage shed. Home needs some tender loving care. Great potential for an investment property, first time home buyer or retirement home!
Condition Rating
Poor
Built in 1967, this property shows significant signs of age and deferred maintenance. The kitchen features very outdated cabinets, worn laminate countertops, and extremely old white appliances, along with dated linoleum flooring and light fixtures. The bathroom also presents an outdated vanity, mirror, lighting, and flooring, with a basic, older fiberglass tub/shower unit. These key areas require substantial rehabilitation and replacement to meet current quality and aesthetic standards, aligning with the 'Poor' condition criteria. The listing description itself notes the home 'needs some tender loving care'.
Pros & Cons
Pros
Affordable Price Point: Listed at $299,000, this property is described as 'affordable,' making it an attractive option for various buyer segments in the California market.
Versatile Investment Potential: The property is highlighted as having 'Great potential for an investment property, first time home buyer or retirement home,' indicating broad market appeal.
Charming Architectural Details: Features like 'cute, country cottage' style and 'open beam ceilings' contribute to a rustic charm that can be highly desirable.
Outdoor Living & Storage: A 'wrap around porch,' 'fenced backyard,' '2 car garage,' and 'storage shed' provide excellent outdoor living space and practical storage solutions.
Desirable Location & View: Situated in 'desirable Lake Elizabeth' with 'Hills' views, offering a pleasant and potentially tranquil living environment.
Cons
Requires Tender Loving Care (TLC): The description explicitly states 'Home needs some tender loving care,' indicating potential immediate repair or renovation costs for the buyer.
Compact Living Space: With 2 bedrooms, 1 bath, and 775 sqft, the property offers limited living space, which may not suit larger families or those desiring more room.
Age of Property: Built in 1967, the home is over 50 years old, which could imply outdated systems, fixtures, or a need for significant updates to meet modern standards.