7805 Panama Road, Lamont, CA 93241, Lamont, 93241 - bed, bath
ACTIVE UNDER CONTRACT$424,999$1,912/sqft
7805 Panama Road, Lamont, CA 93241
0Bed
0Bath
1,912Sqft
15,987Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Potential: Features two distinct homes on one lot (3 bed/2 bath front unit, 1 bed/1 bath back unit), providing immediate rental income opportunities or multi-generational living arrangements.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15987, other record lot size in square feet = 16117.
Compared to the nearby listings
Price:$425.0K vs avg $415.0K (+$9,999)67%
Size:1,912 sqft vs avg 1,912 sqft50%
Price/sqft:$222 vs avg $21767%
More Insights
Built in 1942 (84 years old).
Condition: Built in 1942, this property is over 80 years old with no evidence of significant recent renovations. The kitchen features severely outdated wood cabinets, tile countertops, and older appliances, requiring a complete overhaul. While some flooring appears updated (laminate in kitchen, tile in living areas), the overall condition, including the exterior siding and likely original major systems (plumbing, electrical, HVAC), suggests substantial repairs and modernization are needed to meet current standards and comfort. The lack of bathroom images, combined with the kitchen's state, indicates these areas are also likely in poor condition.
Year Built
1942
Close
-
List price
$425K
Original List price
-
Price/Sqft
$222
HOA
$0
Days on market
-
Sold On
-
MLS number
SR24249183
Home ConditionPoor
Features
Good View:
View-
About this home
Discover an incredible opportunity in Lamont, CA! This corner lot property features two homes on one lot. The front unit boasts 3 bedrooms, 2 bathrooms, and a private patio, while the back unit offers its own private entrance with 1 bedroom and 1 bathroom. Situated on a busy street just two blocks from Main Street, this property offers excellent visibility and convenience. Whether you're looking to expand your investment portfolio or secure a multi-unit property, this is a must-see. Contact your favorite realtor today to learn more!
R
Roger Magana
Listing Agent
Price History
Date
Event
Price
02/03/22
Sold
$285,000
12/23/04
Sold
$155,000
Condition Rating
Poor
Built in 1942, this property is over 80 years old with no evidence of significant recent renovations. The kitchen features severely outdated wood cabinets, tile countertops, and older appliances, requiring a complete overhaul. While some flooring appears updated (laminate in kitchen, tile in living areas), the overall condition, including the exterior siding and likely original major systems (plumbing, electrical, HVAC), suggests substantial repairs and modernization are needed to meet current standards and comfort. The lack of bathroom images, combined with the kitchen's state, indicates these areas are also likely in poor condition.
Pros & Cons
Pros
Income-Generating Potential: Features two distinct homes on one lot (3 bed/2 bath front unit, 1 bed/1 bath back unit), providing immediate rental income opportunities or multi-generational living arrangements.
Strategic Location & Visibility: Situated on a corner lot on a busy street, just two blocks from Main Street, offering excellent visibility and convenient access to local amenities.
Generous Lot Size: A substantial 15,987 sqft lot provides ample outdoor space, potential for landscaping, or future expansion possibilities.
No Association Fees: The absence of association fees reduces ongoing ownership costs, making it a more attractive investment or owner-occupant property.
Private Unit Amenities: Each unit benefits from private features, including a private patio for the front unit and a private entrance for the back unit, enhancing tenant appeal and privacy.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15987, other record lot size in square feet = 16117.
Property Age & Potential for Updates: Built in 1942, the property is over 80 years old, suggesting a high likelihood of outdated systems (plumbing, electrical) and a need for significant modernization or repairs to meet current standards.
Busy Street Drawbacks: While offering visibility, the location on a 'busy street' can lead to increased noise pollution and traffic, which may detract from residential comfort and quiet enjoyment.
Limited Interior Information: The property description is sparse on details regarding interior condition, finishes, or recent renovations, implying potential for significant investment required to update the living spaces.