
Applegate, CA 95703
This Multigenerational Residential Asset is a Strong Value Opportunity, listed at $550,000—positioned well below the $504,687 Fair Market Value by -8%. While the list price exceeds the current estimation, the property offers significant upside through its ADU Potential in the three-car garage and a versatile three-level layout. Featuring a Condition Rating of 4, the home provides a solid foundation for cosmetic modernization. With expansive mountain views and a massive 60,984 sqft lot, this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-potential living space.
Property is moderate renovation needed.
Built in 1962, the property shows signs of partial updates likely 15-25 years ago, such as stone countertops in the kitchen. However, much of the interior remains dated, featuring older oak cabinetry, floral wallpaper, and aged blue carpeting in bedrooms. While functional and well-maintained, the home requires cosmetic modernization and minor updates to systems to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 60984, living area = 2501.
The home features a versatile three-level floor plan with two primary suites and a lower-level flex space, making it ideal for large families or co-living arrangements.
The kitchen is well-appointed with stone countertops, shaker cabinets, a large island, and double ovens, offering a contemporary and functional space for entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2501, other record living area = 2440.
The three-level design may pose accessibility challenges for buyers with mobility concerns or those seeking a more traditional single-story layout.
Located on a large, wooded lot in Applegate, the property likely requires ongoing vegetation management and may face higher insurance costs typical of California mountain regions.
NEW PRICE - $550,000.00 - A multigenerational home on three levels. Rigby Lane has two primary suites with ensuite bathrooms and walk-in closets with plenty of storage space. The upper-level primary suite has an ensuite bathroom with a dual-sink vanity and a skylight over the large walk-in shower. The bedroom has floor-to-ceiling cabinetry with a built in wardrobe system. This room also has expansive bay windows that flood the room with natural light overlooking the pines. The main level primary suite has a wood-burning stove with an ensuite bathroom with a shower tub combo. A large walk-in closet with bay windows with inset lighting overlooking the pines to the west. Walking to the lower level you will find a Man-cave, Game-room or the fifth bedroom with a half bath. This room has beautiful views of the level back yard with the pines through the sliding glass door with a patio. On the other side of this expansive home, you will find two more good sized bedrooms with a full bathroom with a shower and a skylight. The mudroom/laundry room has its own entrance with plenty of cabinet space. The kitchen features a stylish backsplash and elegant shaker cabinets and plenty of room for appliances with a Cabinet Pantry. A prominent kitchen bar alongside a large island offers generous surfaces for meal preparation and informal dining. Equipped with a convenient stovetop and a double oven, this area is crowned by sophisticated stone countertops, ensuring both beauty and practicality. A charming garden window over the kitchen sink provides a perfect sunny nook for a year-round indoor herb garden. The Dining area with Bay Windows and inset lighting is just steps from the kitchen island. This home has beautiful pine wood flooring. The living room boasts high ceilings enhancing the sense of openness. You can enjoy the panoramic view of the pines and the mountains with the Picture Windows facing east. With the Pellet wood stove, you can enjoy the cold winter evenings. An outdoor dining area provides the ideal setting for alfresco meals and congenial gatherings. Just steps from the home you will find the three-car garage which can conveniently be turned into an ADU upon approval of the county. This home offers a harmonious blend of refined interior spaces and delightful outdoor amenities promising an exceptional living experience. There is ample parking for those big seasonal festivities. The garden shed has been reinforced for longevity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 2,501 | - |
| Lot Size | 60,984 | - |
| Price | $550.0K | $448.5K |
| Price per sq ft | $220 | $226 |
| Built year | 1962 | 0 |
| HOA | $0 | $0 |
| Days on market | 6 | 153 |
Jul 16, 2026
$550,000
Initial Listing
Oct 23, 2002
$420,000
Public Record