8418 Golden Ridge Road, Lakeside, California 92040, Lakeside, 92040 - 5 bed, 2 bath
ACTIVE$725,000$2,480/sqft
Est. Value: $620,253
-14%
AboveEstimate
8418 Golden Ridge Road, Lakeside, California 92040
5Beds
2Baths
2,480Sqft
11,885Lot
Price Vs. Estimate
The estimated value ($620,252.93) is $104,747.07 (14%) lower than the list price ($725,000). This property may be overpriced.
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 = 11885, living area = 2480.
Top Cons:
Age of Property & Potential Updates: Built in 1949, the home is 75 years old, likely requiring significant updates to major systems (electrical, plumbing, HVAC) and aesthetics to meet modern standards.
Compared to the nearby listings
Price:$725.0K vs avg $825.0K ($-100,000)19%
Size:2,480 sqft vs avg 1,632 sqft93%
Price/sqft:$292 vs avg $5073%
More Insights
Built in 1949 (77 years old).
Condition: Built in 1949, this 75-year-old property shows no evidence of significant recent renovations. The exterior appears dated, and the listing description explicitly notes that it 'likely requiring significant updates to major systems (electrical, plumbing, HVAC) and aesthetics to meet modern standards.' As a former long-term rental, it likely received minimal updates. The lack of interior photos prevents specific assessment of kitchen and bathroom features, but given the age and general condition indicators, these areas are almost certainly outdated and in need of substantial rehabilitation. The property requires significant investment to bring it to modern standards and comfort.
Year Built
1949
Close
-
List price
$725K
Original List price
$725K
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2600093
Home ConditionPoor
Features
Good View: City Lights, Hills
Deck
ViewCity Lights,Hills
About this home
Many possibilities with this 5 bedroom 2 bath house. Possible first and second floor spilt. Long term rental now ready for the next family.
M
Mark Connolly
Listing Agent
Price History
Date
Event
Price
09/29/95
Sold
$189,000
Condition Rating
Poor
Built in 1949, this 75-year-old property shows no evidence of significant recent renovations. The exterior appears dated, and the listing description explicitly notes that it 'likely requiring significant updates to major systems (electrical, plumbing, HVAC) and aesthetics to meet modern standards.' As a former long-term rental, it likely received minimal updates. The lack of interior photos prevents specific assessment of kitchen and bathroom features, but given the age and general condition indicators, these areas are almost certainly outdated and in need of substantial rehabilitation. The property requires significant investment to bring it to modern standards and comfort.
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 = 11885, living area = 2480.
Spacious Living & Bedrooms: With 5 bedrooms and 2480 sqft, the property offers ample living space, making it suitable for larger families or multi-generational living arrangements.
Income & Flexibility Potential: The description highlights 'many possibilities' including a 'possible first and second floor split' and its history as a 'long term rental,' suggesting strong income-generating or flexible living arrangements.
Desirable Views: The property boasts appealing 'City Lights' and 'Hills' views, enhancing its aesthetic value and overall desirability.
Generous Lot Size: An 11,885 sqft lot provides significant outdoor space for recreation, gardening, or potential future expansion opportunities.
Established Community & Schools: Built in 1949, the property is located in a mature area, often implying stable neighborhoods, and is within the desirable Grossmont Union High School District.
Cons
Age of Property & Potential Updates: Built in 1949, the home is 75 years old, likely requiring significant updates to major systems (electrical, plumbing, HVAC) and aesthetics to meet modern standards.
Limited Bathroom Count: With 5 bedrooms, having only 2 bathrooms may be insufficient for a large family or multiple tenants, potentially leading to functional congestion.
Unspecified Condition & Renovations: While described as 'ready for the next family' and a 'long term rental,' the lack of explicit mention of recent renovations or modern upgrades suggests potential for deferred maintenance or immediate investment needs.