485 Manzanita Avenue, Felton, California 95018, Felton, 95018 - 2 bed, 1 bath
485 Manzanita Avenue
Felton, California 95018
Property Price
SUMMARY
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.
Estimated Market Value
Comparable Sales Map
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.
Condition Analysis
OVERALL CONDITION SCORE
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 Key areas like the kitchen and bathroom, along with major systems (HVAC, electrical, plumbing), are likely outdated and in need of significant upgrades or replacement to meet current standards and ensure comfort and safety.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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
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.
- Generous Lot Size
The 7,187 sqft lot provides ample outdoor space for gardening, recreation, or potential future expansion, a significant advantage for a single-family residence.
- Single Family Residence
As a single-family home, it offers privacy and autonomy, a highly sought-after property type in the current market.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom for two bedrooms, the property may pose functional limitations for families or multiple occupants, potentially narrowing the buyer pool.
- Age of Property & Required Updates
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.
- Modest Interior Square Footage
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.
About 485 Manzanita Avenue
Exceptional opportunity in Felton. This spacious 4-bedroom residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area, the home features a large living area, updated kitchen potential, and a private backyard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 7,187 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 1.0 | 2.0 | 44% |
| Square foot | 1,112 | 1,428 | 25% |
| Lot Size | 7,187 | 17,162.64 | 25% |
| Price | $800.0K | $780.0K | 50% |
| Price per sq ft | $719 | $567 | 75% |
| Built year | 1951 | 1948 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 666 | 204 | 0% |
Pricing History
Listed for Sale
May 10, 2024
$800,000
Initial Listing