517 Rimmer Avenue, Sacramento, CA 95834, Sacramento, 95834 - 2 bed, 1 bath
ACTIVE$749,900
517 Rimmer Avenue, Sacramento, CA 95834
2Beds
1Bath
913Sqft
43,560Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 913.
Top Cons:
Age of Existing Structure: Built in 1930, the existing single-family home is nearly a century old, likely requiring extensive renovations, system updates, or demolition for redevelopment.
Compared to the nearby listings
Price:$749.9K vs avg $509.5K (+$240,400)93%
Size:913 sqft vs avg 1,818.5 sqft1%
Price/sqft:$821 vs avg $29299%
More Insights
Built in 1930 (95 years old).
Condition: Built in 1930, the property's existing structure is nearly a century old. The kitchen, as seen in the images, is in very poor condition with exposed plumbing, severely dated and worn cabinets, old appliances, and dirty surfaces, indicating a complete lack of recent renovation. The overall state suggests substantial repairs and rehabilitation are required, making it uncomfortable or unsafe to live in its current condition. The listing itself highlights the property's value is primarily in the land for redevelopment, further implying the house is not move-in ready and requires extensive work or demolition.
Year Built
1930
Close
-
List price
$750K
Original List price
-
Price/Sqft
$821
HOA
$0
Days on market
-
Sold On
-
MLS number
225058481
Home ConditionPoor
Features
View-
About this home
Here's a slightly longer version that's still concise but adds more context and appeal: --- Rare 1-acre opportunity in 95834! Seller has submitted plans to subdivide the land into multiple parcelsideal for building, selling, or holding as investment. Property includes a single-family home and is surrounded by established commercial and residential developments. Prime location on Northgate Blvd with tons of potential for growth and income. Live onsite or redevelopyour choice!
Price History
Date
Event
Price
12/31/03
Sold
$195,000
Condition Rating
Poor
Built in 1930, the property's existing structure is nearly a century old. The kitchen, as seen in the images, is in very poor condition with exposed plumbing, severely dated and worn cabinets, old appliances, and dirty surfaces, indicating a complete lack of recent renovation. The overall state suggests substantial repairs and rehabilitation are required, making it uncomfortable or unsafe to live in its current condition. The listing itself highlights the property's value is primarily in the land for redevelopment, further implying the house is not move-in ready and requires extensive work or demolition.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 913.
Development Potential: Seller has submitted plans to subdivide the 1-acre land into multiple parcels, offering significant potential for building, selling, or holding as an investment.
Large Lot Size: A substantial 1-acre (43,560 sqft) lot provides ample space for redevelopment and multiple units, a rare find in an urban setting.
Prime Location: Situated on Northgate Blvd and surrounded by established commercial and residential developments, indicating strong growth potential and good accessibility.
Investment Opportunity: Explicitly marketed for its potential for 'growth and income,' making it highly attractive to investors and developers.
Versatile Use: Offers flexibility for buyers to 'live onsite or redevelop,' catering to both immediate occupancy and long-term development strategies.
Cons
Age of Existing Structure: Built in 1930, the existing single-family home is nearly a century old, likely requiring extensive renovations, system updates, or demolition for redevelopment.
Small Existing Home Size: The current home is modest with only 913 sqft, 2 beds, and 1 bath, which may not appeal to buyers seeking a spacious family residence without redevelopment.
Value Primarily in Land: The high list price of $749,900 is predominantly for the land's development potential, not the existing small, outdated structure, which could deter traditional home buyers.