$700,000 Price Analysis   ♡   Ramona, CA 92065 3 bed 2 bath 1,740 SqFt ($402/SqFt) 0.82 acre lot. Built 1977 Listed 2024-05-14, Taxes $1,294 | ✓ USDA Eligible near Ramona, CA |
In the picturesque community of Ramona
* Sale Pending *This property offers a unique opportunity for those seeking to invest in a fixer-upper opportunity situated on nearly an acre of land, conveniently located near shopping centers and schools. The residence, while promising in its potential, presents evident challenges. A shared driveway provides access to the property removed from the busy H Street. Additionally, the aged roof and obvious pres ence of roof leaks underscores the necessity for immediate attention to prevent further damage. There is plenty of damaged exterior wood, patio structure and fascia boards in need of replacement and repair. Furthermore, the flooring throughout the house is beyond its useful life and requires replacement, indicating a comprehensive refurbishment project that is likely to cost many tens of thousands of dollars. Replacement of aluminum windows are also likely intelligent upgrades.
It's worth noting that the property has endured significant wear and tear from previous tenants over the past sixteen years as a rental property. As such, prospectve buyers should be aware that the Sellers chose to market for a significantly reduced selling price instead of having any willingness to make any requested repairs. They are also aware that the condition of the house likely precludes any standard loan opportunities or reasonable institutional financing until AFTER such time as the remodel work is completed. Despite these issues, the property boasts an appealing level of privacy, with one side of the adjacent land currently open and undeveloped, contributing to a serene atmosphere. The expansive yard, enveloped by mature trees and several storage buildings offers ample space for potential landscaping or outdoor activities, enhancing the property's allure. This property presents an opportunity for renovation and customization, ideal for those with a vision to transform it into a personalized haven or for someone looking to purchase at a wholesale price and create value and resell for a profit. Prospective buyers should approach with due diligence, recognizing the potential challenges alongside the promising features of the property.
Presented by Mark Allen at
Xanthus.
Property MLS #PTP2402779 from CRMLS
Full Bathrooms: 2
Fireplace Features: Fireplace: Yes
Lot Size Acres: 0.82
Lot Size Source: Assessor
Lot Size Square Feet: 35719
Garage Description: Attached
Parking Total: 2
High School: Ramona
Middle School: Olive Peirce Middle
School District: Ramona Unified
Map directions Map directions Map directions Map directionsCounty: San Diego
Directions: GPS Accurate - Driveway runs perpendicular to H Street between two wooden fences and is the house on the left as you get back there... directly behind 1647 H Street.
Source Property Type: Residential
Exclusions: Anything related to solar water is not properly functional. Radiant ceiling heat is not properly functional.
Area: 92065 - Ramona
Source Neighborhood: 92065 - Ramona
Parcel Number: 2823701700
Zoning: R-1:SINGLE FAM-RES
Property Subtype: Single Family Residence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $91,908 + $27,733 $119,641 | $1,294 |
| 2022 | $90,106 + $27,190 $117,296 | $1,463 |
| 2021 | $88,340 + $26,657 $114,997 | $1,440 |
| 2020 | $87,435 + $26,384 $113,819 | $1,427 |
| 2019 | $85,721 + $25,867 $111,588 | $1,397 |
| 2018 | $84,041 + $25,360 $109,401 | $1,363 |
| 2017 | $82,394 + $24,863 $107,257 | $1,340 |
| 2016 | $80,779 + $24,376 $105,155 | $1,315 |
| 2015 | $79,566 + $24,010 $103,576 | $1,299 |
| 2014 | $78,008 + $23,540 $101,548 | $1,274 |
| 2013 | $77,656 + $23,434 $101,090 | $1,269 |
| 2012 | $76,134 + $22,975 $99,109 | $1,249 |
| 2010 | $74,642 + $22,525 $97,167 | $1,223 |
| 2009 | $74,261 + $22,411 $96,672 | $1,142 |
| 2009 | $74,085 + $22,357 $96,442 | $1,142 |
| 2008 | $72,805 + $21,972 $94,777 | $1,126 |
| 2007 | $71,378 + $21,542 $92,920 | $1,104 |
$700,000
CRMLS
Year Built: 1977
Common Walls: No Common Walls
Direction Faces: Southeast
Entry Level: 1
Entry Location: 1
Living Area Source: Assessor
Property Age: 47
Property Condition: Fixer, Repairs Cosmetic, Repairs Major
Levels or Stories: One
Building Total Stories: 1
Year Built Source: Assessor
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.