$1,100,000
$1,200,000
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3 Beds
2 Baths
1.73 Acres Lot
SOLD DATE : 06/10/2022
Key Details
Sold Price $1,100,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Silverado (Sc)
MLS Listing ID PW22113983
Sold Date 06/10/22
Bedrooms 3
Full Baths 2
Construction Status Fixer,Repairs Cosmetic,Repairs Major
HOA Y/N No
Year Built 1958
Lot Size 1.725 Acres
Property Description
Opportunity is knocking for cash investors! Not one but two parcels (each with their own address) that are being sold together totaling 1.73 acres. Right across the street from the beautiful OC Polo Club facility, this is a prime location for a riding facility or multi-unit development (seller says possibly up to 18 units!). There is huge potential here to be an income making property. There's a house on one parcel and then there's a parcel of land that is 1.1 acres. Finish the house, convert the 1100sf garage to an ADU, put some stalls and an arena in for a boarding facility. You are surrounded by horse farms and there is trail access right out of the gate! The house is mid-way through a remodel and will not qualify for conventional financing, but the seller has most of the appliances and some of the materials needed to finish the project. There's also a large in ground pool and jacuzzi that needs repair. With a little bit of elbow grease, you could finish the place and have a very unique and special property! Also included in the sale is a 70ft mobile office trailer.
Location
State CA
County Orange
Area Si - Silverado Canyon
Rooms
Main Level Bedrooms 3
Ensuite Laundry In Garage
Interior
Interior Features Recessed Lighting, Unfinished Walls, Jack and Jill Bath
Laundry Location In Garage
Heating Forced Air
Cooling Central Air
Flooring Concrete, Vinyl
Fireplaces Type None
Fireplace No
Appliance Water Softener, Water Heater
Laundry In Garage
Exterior
Garage Driveway, Gravel
Garage Spaces 2.0
Garage Description 2.0
Fence Chain Link
Pool In Ground, Private
Community Features Hiking, Horse Trails, Mountainous, Rural
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
View Y/N Yes
View Hills
Roof Type Composition
Accessibility None
Porch Open, Patio
Parking Type Driveway, Gravel
Attached Garage No
Total Parking Spaces 2
Private Pool Yes
Building
Lot Description Agricultural, Back Yard, Horse Property, Irregular Lot, Lot Over 40000 Sqft, Street Level
Story 1
Entry Level One
Foundation Slab
Sewer Septic Type Unknown
Water Public
Architectural Style Custom
Level or Stories One
New Construction No
Construction Status Fixer,Repairs Cosmetic,Repairs Major
Schools
School District Saddleback Valley Unified
Others
Senior Community No
Tax ID 10506018
Acceptable Financing Cash, Court Approval
Horse Property Yes
Horse Feature Riding Trail
Listing Terms Cash, Court Approval
Financing Private
Special Listing Condition Notice Of Default
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Bought with Corie Isbell • Partners Real Estate Group
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CEO | DRE# SA695240000 | DRE# 02100184