845 Moreno Lane, Sugarloaf, California 92386, Sugarloaf, 92386 - 2 bed, 1 bath
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Sugarloaf, California 92386
This property presents a High-Potential Investment Opportunity with a List Price of $299,000—positioned well below the $302,570 Fair Market Value by 1%. This valuation gap offers $3,570 in Instant Equity. Featuring a Fair Condition Rating, the home requires a full rehab, yet the rare triple lot provides significant development potential for an ADU or subdivision. With its authentic mountain aesthetic and proximity to forest trails, this is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 845 Moreno Lane Subject | $299,000* List Price | 2 | 1 | 1,248 | $242 | - |
A 510 Sunset Lane Sold | $320,000 | 2 | 2 | 1,120 | $286 | 0.5 mi |
B 427 Holmes Sold | $218,000 | 2 | 2 | 1,056 | $206 | 0.5 mi |
C 283 Sunset Sold | $310,000 | 3 | 1 | 1,326 | $234 | 0.7 mi |
D 172 Vista Sold | $313,700 | 2 | 2 | 1,024 | $306 | 0.4 mi |
E 151 Vista Sold | $235,000 | 2 | 1 | 936 | $251 | 0.4 mi |
F 265 Cedar Lane Sold | $270,000 | 2 | 1 | 954 | $283 | 0.7 mi |
G 682 Leonard Lane Sold | $370,000 | 3 | 2 | 1,303 | $284 | 0.3 mi |
H 811 Leonard Lane Active Under Contract | $350,000 List Price | 3 | 2 | 1,316 | $266 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965, this property features mostly original finishes including dated wood paneling, 1960s-style kitchen cabinetry, and aging carpets. With no evidence of major renovations to the kitchen, bath, or systems in over 50 years, the home requires a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7125, living area = 1248.
The property sits on a rare triple lot, providing significant value-add opportunities to subdivide the land, build an ADU, or add a garage and master suite to increase equity.
As a property that qualifies for USDA 100% financing, this home represents an excellent opportunity for first-time buyers to enter the market with zero down payment.
Built in 1965 and marketed toward 'handy' buyers, the home likely requires updates to its single bathroom and older systems to meet contemporary living standards.
The listing has undergone multiple price reductions in a short period, which may suggest initial overvaluation or underlying condition issues that could impact future resale liquidity.
Welcome Home to your Traditional Woodsy, Mountain Cabin! Ideal Starter Home which qualifies for USDA 100% Financing * Open Floor Plan. Wood Burning Fireplace in Spacious Formal Living Room provides the Real Cabin Ambiance! Open Kitchen with Bar. Beautiful Genuine Wood Vaulted High Ceilings with Pine T & G. Wood Burning Stove in the Family Room * Subdivide or Build an ADU * 3 Houses away from the Forest. Lots of Off Street Parking on a triple lot! Walk to Hiking Trails. Short Drive to Restaurants, Shopping, Lake, Golf and Ski Resorts. Easily Subdivide and Build a New Home on Vacant Lot Area, or * Build an ADU * Garage can be installed in numerous areas on the property and Tuff Shed can often be built in 4 months! A Handy Buyer can convert Family Room into Master Suite and make home 3BR/2Ba. Bring your Boats, RV's, Trailers and Toys!
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 4.3 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 1.0 |
| Square foot | 1,248 | 1,080 |
| Lot Size | 7,125 | 3,750 |
| Price | $299.0K | $296.5K |
| Price per sq ft | $240 | $333 |
| Built year | 1965 | 1979 |
| HOA | $0 | $0 |
| Days on market | 61 | 62 |
Jun 25, 2026
$299,000
$320,000
-7% Price Drop
Initial Listing
Jun 17, 2026
$320,000
$323,990
-1% Price Drop
Initial Listing
Jun 6, 2026
$323,990
$324,000
+0% Price Increase
Initial Listing
May 22, 2026
$324,000
Initial Listing