456 Greenwood Drive, Meadow Vista, CA 95722, Meadow Vista, 95722 - 4 bed, 3 bath
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Meadow Vista, CA 95722
This Unfinished Remodel Project is a High-Potential Investment Opportunity for buyers looking to capture value through construction. Listed at $499,900, the property is currently positioned against a $453,591 Fair Market Value, reflecting its status as an active renovation. Despite a Condition Rating of 5, the home offers a 5-year-old roof and HVAC, a massive 0.87-acre lot, and a flexible layout with ADU potential. Featuring forested greenbelt views, this is a prime acquisition for Contractors or Fix-and-Flip Investors ready to customize a retreat.
Property is extensive renovation needed.
The property is currently an active, unfinished remodel project and is not move-in ready. While the roof and HVAC system are relatively new (5 years old), the interior requires substantial rehabilitation. Images reveal a demolished fireplace, unfinished drywall and ceilings throughout the main living areas, and a kitchen mid-renovation with missing countertops and backsplash. Additionally, the bathrooms remain in a dated condition with original fixtures and worn shower surrounds, fitting the criteria for a property requiring significant repair and rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 38089, living area = 2324.
The property is an active remodel project, offering a unique chance for buyers to build immediate equity by completing the renovations and customizing the finishes to their preference.
Significant capital improvements, including a roof and HVAC system that are only five years old, provide a strong structural foundation and reduce near-term maintenance costs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2324, other record living area = 1953. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
As a project currently underway, the home is not move-in ready and will require a buyer with the available capital and timeline to manage ongoing construction.
Despite recent mechanical updates, the 1972 construction may present challenges common to older homes, such as original plumbing or electrical components not addressed in the current remodel.
Earn equity while completing the remodel already underway in this peaceful Meadow Vista retreat. Surrounded by mature trees, the home offers serene, nature-filled views and a sense of privacy. Major updates included a roof and HVAC system that are just 5 years old, giving you a strong head start on improvements. The flexible downstairs layout provides potential for a separate living space - ideal for in-laws, guests, or rental income with ADU permits (buyer to verify). Upstairs, the light-filled great room creates an open, airy feel perfect for relaxing or entertaining. Storage is plentiful throughout, including an extra closet off the laundry for added convenience. A unique opportunity to customize and add value in a beautiful natural setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,324 | 2,200 | 55% |
| Lot Size | 38,089 | 47,916 | 10% |
| Price | $499.9K | $719.0K | 19% |
| Price per sq ft | $215 | $358 | 6% |
| Built year | 1972 | 1978 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 147 | 3% |
Apr 15, 2026
$499,900
Initial Listing
Jul 30, 2021
$378,000
Public Record
Jun 29, 2011
$152,000
Public Record