794 S. Airport Way, Manteca, CA 95337, Manteca, 95337 - 2 bed, 1 bath
ACTIVE$1,500,000$840/sqft
794 S. Airport Way, Manteca, CA 95337
2Beds
1Bath
840Sqft
142,441Lot
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 = 142441, living area = 840.
Top Cons:
Advanced Age of Existing Structure: Built in 1947, the current 840 sqft residence is significantly aged and likely requires extensive renovation or demolition for modern development.
Compared to the nearby listings
Price:$1.50M vs avg $595.0K (+$905,000)98%
Size:840 sqft vs avg 2,052.5 sqft3%
Price/sqft:$1.8K vs avg $29399%
More Insights
Built in 1947 (79 years old).
Condition: The property was built in 1947, making the existing structure over 75 years old. The listing description and property analysis explicitly state that the current 840 sqft residence is significantly aged and likely requires extensive renovation or demolition. The property's value is clearly based on the 3.27 acres of R3 zoned land for redevelopment, not the existing dwelling. No interior images are provided, which strongly suggests the interior is not in presentable condition and likely unlivable.
Year Built
1947
Close
-
List price
$1.5M
Original List price
-
Price/Sqft
$1,786
HOA
$0
Days on market
-
Sold On
-
MLS number
225151513
Home ConditionTear down
Features
View-
About this home
An opportunity doesn't come often! 3.27 acres of possibilities, Zoned R3 which means its zoned for High Density Residential.
A
Alicia Lopez
Listing Agent
Condition Rating
Tear down
The property was built in 1947, making the existing structure over 75 years old. The listing description and property analysis explicitly state that the current 840 sqft residence is significantly aged and likely requires extensive renovation or demolition. The property's value is clearly based on the 3.27 acres of R3 zoned land for redevelopment, not the existing dwelling. No interior images are provided, which strongly suggests the interior is not in presentable condition and likely unlivable.
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 = 142441, living area = 840.
High-Density Residential Zoning (R3): The property is zoned R3 for High-Density Residential, offering significant development potential for multi-family units or other high-density projects.
Expansive Land Parcel: With 3.27 acres (142,441 sqft) of land, there is ample space for substantial development, making it a rare and valuable asset.
Prime Investment Opportunity: The combination of large land size and R3 zoning presents a compelling investment or development opportunity, as highlighted in the property description.
No Homeowners Association (HOA) Fees: The absence of HOA fees reduces ongoing costs, which is beneficial for both current ownership and future development plans.
Strategic Location in Manteca: Manteca is a growing city in California's Central Valley, suggesting potential for increased demand and appreciation for residential development.
Cons
Advanced Age of Existing Structure: Built in 1947, the current 840 sqft residence is significantly aged and likely requires extensive renovation or demolition for modern development.
Limited Utility of Existing Residence: The existing 2-bedroom, 1-bathroom home is small and may not be suitable for immediate occupancy or as a primary value driver for the property.
High Price Point Relative to Existing Dwelling: The $1,500,000 list price is substantial and primarily reflects the land's development potential rather than the value of the existing, older structure, which could deter traditional home buyers.