46921 266th Street W, Lake Hughes, California 93532, Lake Hughes, 93532 - 1 bed, 1 bath
ACTIVE$499,999
46921 266th Street W, Lake Hughes, California 93532
1Bed
1Bath
648Sqft
129,488Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Expansive Lot & Development Potential: The property boasts an impressive lot size of nearly 3 acres (129,488 sqft), offering significant potential for expansion, building an additional house, or an Accessory Dwelling Unit (ADU).
Top Cons:
Limited Primary Living Space: The existing residence is a modest 648 sqft with 1 bed and 1 bath, which may be considered small for many buyers seeking a primary home, potentially necessitating expansion or a new build.
Compared to the nearby listings
Price:$500.0K vs avg $445.0K (+$54,999)57%
Size:648 sqft vs avg 1,336 sqft5%
Price/sqft:$772 vs avg $34795%
More Insights
Built in 1936 (89 years old).
Condition: The property was built in 1936, making it 88 years old. There is no mention of any major renovations or updates to the 648 sqft residence in the listing description, nor are there any interior photos to suggest otherwise. The description heavily emphasizes the almost 3 acres of land and the potential to 'build another house on the property Or ADU,' indicating that the value lies primarily in the land for redevelopment rather than the existing structure. This aligns with the 'tear-down' criteria for properties built over 50 years ago with no major renovations in the past 50 years, where the structure's value is minimal compared to the land.
Year Built
1936
Close
-
List price
$500K
Original List price
$550K
Price/Sqft
$772
HOA
-
Days on market
-
Sold On
-
MLS number
SR25130082
Home ConditionTear down
Features
Good View: Trees/Woods
Deck
ViewTrees/Woods
About this home
Beautiful piece of property surrounded by nature. Lakes nearby in a mountainous area, about an hour from Los Angeles. So many possibilities for this wonderful piece of property with almost 3 acres with a 1800 square-foot metal building with a Artesian well. Could build another house on the property Or ADU. Fully fenced off. Great location with many ranches. All around great community.
Condition Rating
Tear down
The property was built in 1936, making it 88 years old. There is no mention of any major renovations or updates to the 648 sqft residence in the listing description, nor are there any interior photos to suggest otherwise. The description heavily emphasizes the almost 3 acres of land and the potential to 'build another house on the property Or ADU,' indicating that the value lies primarily in the land for redevelopment rather than the existing structure. This aligns with the 'tear-down' criteria for properties built over 50 years ago with no major renovations in the past 50 years, where the structure's value is minimal compared to the land.
Pros & Cons
Pros
Expansive Lot & Development Potential: The property boasts an impressive lot size of nearly 3 acres (129,488 sqft), offering significant potential for expansion, building an additional house, or an Accessory Dwelling Unit (ADU).
Unique Infrastructure & Resources: Includes a substantial 1800 square-foot metal building, providing versatile space for workshops, storage, or other uses, complemented by the valuable asset of an Artesian well for independent water supply.
Natural Surroundings & Views: Nestled in a mountainous area, surrounded by nature with nearby lakes and 'Trees/Woods' views, offering a serene, private, and picturesque environment.
Privacy & Security: The property is fully fenced off, enhancing privacy, security, and suitability for various uses, including potential for livestock or extensive landscaping.
Community & Rural Lifestyle Appeal: Located in a 'great location with many ranches' and described as an 'all around great community,' appealing to buyers seeking a tranquil, rural lifestyle with a strong sense of community, yet still accessible to Los Angeles within about an hour.
Cons
Limited Primary Living Space: The existing residence is a modest 648 sqft with 1 bed and 1 bath, which may be considered small for many buyers seeking a primary home, potentially necessitating expansion or a new build.
Age of Existing Structure: Built in 1936, the existing home is quite old, suggesting potential for outdated systems, deferred maintenance, and a lack of modern amenities, which could require significant renovation investment.
Commute to Major Urban Centers: While offering a desirable rural escape, the location is 'about an hour from Los Angeles,' which could be a significant daily commute for buyers needing frequent access to the city for work or extensive services.