1410 Cottonwood Avenue, San Jacinto, California 92582, San Jacinto, 92582 - 2 bed, 2 bath
ACTIVE$739,000
1410 Cottonwood Avenue, San Jacinto, California 92582
2Beds
2Baths
1,257Sqft
207,781Lot
Price Vs. Estimate
The estimated value ($700,368.18) is $38,631.82 (5%) lower than the list price ($739,000). 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 = 207781, living area = 1257.
Top Cons:
Expired Development Approval: The previously approved Tentative Tract map for 16 lots has expired, meaning a new, potentially lengthy and costly, approval process would be required for development.
Compared to the nearby listings
Price:$739.0K vs avg $525.0K (+$214,000)98%
Size:1,257 sqft vs avg 2,065 sqft4%
Price/sqft:$588 vs avg $25699%
More Insights
Built in 1937 (88 years old).
Condition: The property was built in 1937, making it 87 years old. There are no interior images provided, especially of the kitchen or bathrooms, which is a significant red flag for a property of this age. The listing description and property analysis heavily emphasize the land's development potential, explicitly stating the existing 1257 sqft home is 'old and small relative to the lot size, likely requiring extensive renovation or demolition.' This indicates the structure itself is not considered a primary asset and its value is based solely on the land for redevelopment, aligning perfectly with the 'tear-down' criteria.
Year Built
1937
Close
-
List price
$739K
Original List price
$799K
Price/Sqft
$588
HOA
-
Days on market
-
Sold On
-
MLS number
IG24209708
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Property previously held a approved Tentative Tract map for 16 lots which has expired . Property currently has a Single Family home with lots of room to expand . Great location for builder, developer close to schools and new developments.
Condition Rating
Tear down
The property was built in 1937, making it 87 years old. There are no interior images provided, especially of the kitchen or bathrooms, which is a significant red flag for a property of this age. The listing description and property analysis heavily emphasize the land's development potential, explicitly stating the existing 1257 sqft home is 'old and small relative to the lot size, likely requiring extensive renovation or demolition.' This indicates the structure itself is not considered a primary asset and its value is based solely on the land for redevelopment, aligning perfectly with the '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 = 207781, living area = 1257.
Significant Development Potential: The property previously held an approved Tentative Tract map for 16 lots, indicating strong potential for subdivision and new construction, making it highly attractive to builders and developers.
Expansive Lot Size: With a generous lot size of 207,781 sqft (approximately 4.77 acres), there is ample room for large-scale development, expansion, or diverse uses.
Strategic Location: Situated close to schools and new developments, the property benefits from an area experiencing growth and increasing demand, enhancing its long-term value.
Mountain Views: The property offers desirable mountain views, adding aesthetic appeal and a premium lifestyle element for future residents.
Recent Price Adjustment: A significant price reduction from $799,000 to $739,000 indicates seller motivation and potentially a more attractive entry point for interested buyers.
Cons
Expired Development Approval: The previously approved Tentative Tract map for 16 lots has expired, meaning a new, potentially lengthy and costly, approval process would be required for development.
Outdated Existing Structure: The 1937-built, 2-bed, 2-bath, 1257 sqft home is old and small relative to the lot size, likely requiring extensive renovation or demolition for a development project, adding to initial costs.
Valuation Discrepancy & Market Stagnation: The current list price of $739,000 is above the estimated property value of $700,368, and the property has been on the market for an extended period, suggesting potential overpricing or challenges in attracting suitable buyers.