485 Manzanita Avenue, Felton, California 95018, Felton, 95018 - 2 bed, 1 bath
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Analysis of 485 Manzanita Avenue, Felton, California 95018 reveals a property with a current list price of $800,000, which is 8% above the estimated $731,204 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Felton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 485 Manzanita Avenue Subject | $800,000* List Price | 2 | 1 | 1,112 | $658 | - |
A 6030 Plateau Drive Sold | $715,000 | 2 | 1 | 1,008 | $709 | 0.8 mi |
B 900 Lakeside Drive Sold | $892,000 | 2 | 1 | 1,424 | $626 | 0.3 mi |
C 243 Ada Avenue Active Under Contract | $777,000 List Price | 3 | 2 | 1,432 | $543 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1951, making it 73 years old. Without any information regarding recent major renovations (e.g., within the last 15-30 years) or visual evidence from images (which were not provided), it is highly probable that the property requires substantial repairs and rehabilitation. Key areas like the kitchen and bathroom, along with major systems (HVAC, electrical, plumbing), are likely outdated and in need of significant upgrades or replacement to meet current standards and ensure comfort and safety. The age alone places it outside the 'Excellent' or 'Good' categories, and without positive indicators, it aligns with the 'Poor' classification, suggesting significant investment will be needed.
Situated in Felton, California, the property benefits from a desirable location known for its natural beauty, redwood forests, and community charm, appealing to buyers seeking a tranquil yet accessible lifestyle.
The 7,187 sqft lot provides ample outdoor space for gardening, recreation, or potential future expansion, a significant advantage for a single-family residence.
As a single-family home, it offers privacy and autonomy, a highly sought-after property type in the current market.
With only one bathroom for two bedrooms, the property may pose functional limitations for families or multiple occupants, potentially narrowing the buyer pool.
Built in 1951, the home is likely to require significant investment in updating systems (plumbing, electrical) and finishes to meet modern standards and buyer expectations.
At 1,112 sqft, the interior living space is relatively compact, which might be a drawback for buyers seeking more expansive rooms or additional living areas.
Exceptional opportunity in Felton. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 12% |
| Baths | 1.0 | 2.0 | 12% |
| Square foot | 1,112 | 1,432 | 12% |
| Lot Size | 7,187 | 15,072 | 24% |
| Price | $800.0K | $900.0K | 41% |
| Price per sq ft | $719 | $550 | 76% |
| Built year | 1951 | 1953 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 765 | 103 | 0% |
May 10, 2024
$800,000
Initial Listing