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6515 Mariposa Avenue, Citrus Heights, CA 95610, Citrus Heights, 95610 - 6 bed, 2 bath

6515 Mariposa Avenue, Citrus Heights, CA 95610 home-pic-0
ACTIVE$589,000$2,626/sqft
6515 Mariposa Avenue, Citrus Heights, CA 95610
6Beds
2Baths
2,626Sqft
82,328Lot

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 = 82328, living area = 2626.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.

Compared to the nearby listings

Price:$589.0K vs avg $521.0K (+$68,000)77%
Size:2,626 sqft vs avg 1,582 sqft96%
Price/sqft:$224 vs avg $32010%

More Insights

Built in 1956 (70 years old).
Condition: The property was built in 1956, making it over 50 years old. The listing description explicitly states the existing home 'likely requires substantial remodeling or complete demolition' and is marketed towards 'Custom Home Builders - Developers - Investors' for redevelopment. The value is clearly in the land, not the existing structure, which aligns with the 'tear-down' criteria.
Year Built
1956
Close
-
List price
$589K
Original List price
-
Price/Sqft
$224
HOA
$0
Days on market
-
Sold On
-
MLS number
226005027
Home ConditionTear down
Features
Pool
Patio
View-

About this home

Custom Home Builders - Developers - Investors: This nearly 3-acre, 2-parcel ( 1.89 acre & 1.0 acre) residential property in the heart of Citrus Heights is zoned RD-5. Both parcels currently fenced together with privacy from mature trees dotting the land. Take advantage of an excellent opportunity to remodel the existing residential home or entirely rebuild contemporary, single-family homes with accessory dwelling units / ADUs on each parcel. Envision an energy-efficient single-story dream home on one lot and a two-story CA contemporary home on the other so each generation can enjoy their own space. Consider a multigenerational family compound where the older generation can age-in-place with invite live-in home care while the youngest generation enjoys freedom to roam in the security of their own yard. This is a dream property for a builder whose client desires 1 or more spacious homes with outdoor retreat space for pool, spa, produce garden, fruit trees, cabana or private studio. Each parcel contains ample room for RV parking and storage. In the burgeoning municipality of Citrus Heights, these combined parcels on lush land present a smart investment choice for a longer-term, future building project.

M
Marc Palos
Listing Agent

Price History

Date
Event
Price
02/15/11
Sold
$300,000
08/08/02
Sold
$350,000
Condition Rating
Tear down
The property was built in 1956, making it over 50 years old. The listing description explicitly states the existing home 'likely requires substantial remodeling or complete demolition' and is marketed towards 'Custom Home Builders - Developers - Investors' for redevelopment. The value is clearly in the land, not the existing structure, which aligns with the 'tear-down' criteria.
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 = 82328, living area = 2626.
Exceptional Development Potential: This nearly 3-acre, 2-parcel property is zoned RD-5, offering significant potential for custom home builders and developers to construct multiple single-family homes with Accessory Dwelling Units (ADUs).
Versatile Investment Opportunity: The property presents a prime opportunity for investors, allowing for either extensive remodeling of the existing home or complete new construction across two distinct parcels.
Multigenerational Living Compound: The expansive land and flexible zoning are ideal for creating a private, multi-residence family compound, catering to the growing demand for multigenerational living arrangements.
Established Privacy & Aesthetics: Mature trees and existing fencing provide immediate privacy and a lush, established environment, enhancing the property's natural appeal.
Extensive Outdoor & Storage Space: The generous land size allows for the creation of luxury outdoor amenities such as pools, spas, gardens, private studios, and ample RV/vehicle parking and storage.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
Existing Home Condition: The 1956-built residential home likely requires substantial remodeling or complete demolition, necessitating significant upfront investment beyond the purchase price.
Long-Term Project Horizon: Marketed as a 'longer-term, future building project,' this property may not be suitable for buyers seeking immediate occupancy or short-term investment returns.
Significant Capital Investment Required: Realizing the property's full development potential will demand substantial capital for planning, permits, and construction, in addition to the initial acquisition cost.
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