5333 Harrison Street, North Highlands, CA 95660, North Highlands, 95660 - 3 bed, 1 bath
ACTIVE$349,000
5333 Harrison Street, North Highlands, CA 95660
3Beds
1Bath
1,225Sqft
11,805Lot
Year Built
1952
Close
-
List price
$349K
Original List price
-
Price/Sqft
$285
HOA
$0
Days on market
-
Sold On
-
MLS number
225130095
Home ConditionTear down
Features
View-
About this home
Great Deal:The estimated price is 12% above the list price. We found 3 Cons,6 Pros. Rank: price - $349.0K(32th), sqft - 1225(59th), beds - 3(50th), baths - 1(34th).
This is your opportunity to build a small subdivision. There is no value in the old house but sf maybe used for some credit in fees. Three lots with an old house on one of them. Plans are attached, with APNs 228-0500-053/054/055 and address 5333(.27) - 5337(.188) - 5341(.22)
Price History
Date
Event
Price
10/07/25
Price Change
$349,000
05/07/15
Sold
$125,000
Condition Rating
Tear down
The property was built in 1952 (over 50 years ago) and the listing description explicitly states, 'There is no value in the old house.' The provided images show a severely dilapidated exterior with peeling paint and boarded-up windows, confirming the structure is beyond repair and its value is solely in 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 = 11805, living area = 1225.
Subdivision Potential: The property is explicitly marketed as an "opportunity to build a small subdivision" across three distinct lots, offering significant development upside.
Multiple Parcels: Comprising three separate parcels (APNs 228-0500-053/054/055), this provides flexibility for phased development, individual resale, or diverse project planning.
Significant Land Area: The combined acreage (approximately 0.678 acres based on the description's parcel sizes) provides ample space for multiple new constructions.
Below Market Listing Price: Listed at $349,000, which is notably below the estimated property value of $393,855.13, offering potential for immediate equity or a favorable acquisition cost for a developer.
Potential Fee Credits: The existing structure, despite having no intrinsic value, "may be used for some credit in fees," which can potentially reduce development costs.
Cons
Existing Structure Has No Value: The current house is explicitly stated to have "no value," necessitating demolition and removal costs, adding to initial development expenses.
Development-Specific Investment: This is not a move-in ready home; it requires substantial investment in planning, permits, and construction for subdivision, limiting appeal to non-developer buyers.
Regulatory & Time Commitment: Undertaking a subdivision project involves navigating complex zoning regulations, obtaining multiple permits, and a significant time commitment before any new units can be built or sold.