70300 State Highway 74, Mountain Center, California 92561, Mountain Center, 92561 - 1 bed, 1 bath

70300 State Highway 74, Mountain Center, California 92561 home-pic-0
ACTIVE$385,000
70300 State Highway 74, Mountain Center, California 92561
1Bed
1Bath
984Sqft
54,450Lot
Year Built
1962
Close
-
List price
$385K
Original List price
$385K
Price/Sqft
$391
HOA
-
Days on market
-
Sold On
-
MLS number
219114397DA
Home ConditionTear down
Features
Excellent View: Canyon, Desert, Hills, Mountain(s), Panoramic, Trees/Woods
ViewCanyon, Desert, Hills, Mountain(s), Panoramic, Trees/Woods

About this home

Possibly Over-Priced:The estimated price is 51% below the list price. We found 3 Cons,6 Pros. Rank: price - $385.0K(39th), sqft - 984(28th), beds - 1(17th), baths - 1(22th).

This is a rare opportunity to purchase a tiny home on 1.25 acres with multiple uses. This awesome and rare fixer is worth investing in because the versatile W-2 zoning provides several types of uses to create a variety of development opportunities. It may be possible to develop a campground with trailers or tents as an income-producing property, or a number of other uses. For more information regarding the zoning, please download and review the attached W-2 zoning plan attached to the documents section of this listing.As you can see, the property was a victim of the June 16, 2022 Pinyon Flats fire. At that time it had power, a working well and a septic tank, which shall be certified and addressed while in escrow. It is also considered a historic site as it was once the home of Arthur Nightingale, one of the pioneers in the area who first started subdividing and developing the area in 1931. A link to the article can be found here. https://www.pressenterprise.com/2021/11/18/heres-how-riverside-countys-pinyon-pines-came-to-be/ This property may be purchased together with the adjoining property which contains a small house on 2.5 acres for a total of 2 homes on 4.75 acres. (See 70310 Highway 74, Mountain Center, MLS listing number 2119114396)

Condition Rating
Tear down

The property was a victim of the June 16, 2022 Pinyon Flats fire, as explicitly stated in the description and confirmed by aerial images showing extensive fire damage and burned structures. While one interior image shows a room with walls, the overall property condition indicates that existing structures are largely beyond repair and unlivable, requiring demolition. The listing emphasizes the land's W-2 zoning and development potential, suggesting the value lies primarily in the land. The property was built in 1962, making it over 50 years old with no major renovations since the fire, aligning with '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 = 54450, living area = 984.
Flexible W-2 Zoning & Development Potential: The versatile W-2 zoning offers diverse development opportunities, including potential income-producing ventures like a campground.
Generous 1.25-Acre Lot: Provides ample space for expansion, privacy, or various land uses, enhancing its long-term value.
Panoramic Scenic Views: Boasts stunning panoramic views of canyons, desert, hills, mountains, and trees/woods, a significant aesthetic asset.
Historic Significance: The property holds unique historical value as the former home of a local pioneer, adding character and a compelling story.
Existing Essential Utilities: Features existing power, a working well, and a septic tank, providing foundational infrastructure for future development or renovation.

Cons

Extensive Fixer-Upper Condition: Explicitly described as a 'fixer' and having been a 'victim of fire,' indicating substantial repair and renovation costs are necessary.
Significant Overpricing: The current list price is substantially higher than the estimated property value, suggesting a considerable overvaluation in its present state.
Utility Certification Requirements: While utilities are present, the need for certification and addressing during escrow implies potential delays and additional expenses for the buyer.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state