12050 Torrey Pines, a Fixer in Lake of the Pines, 3/3 listed for $309,900

This is only the third home all year that has been priced in under $325,000 price range in the Lake of the Pines subdivision. Like the other two homes this one is also a fixer. It is not a bad home. It has a split level two story floor plan with a family room on the lower level with the two car garage, a kitchen and living room on the middle level, and three bedrooms up stairs. The decks are dry rotted, visible damage throughout the interior to walls and floor coverings, needs all new appliances and fixtures, new counters and upgrades in the bathrooms will be necessary. When all done, this home might sell in the high $400K or even low $500K, but it could use $100,000 in repairs, and by the time all the finishes are done, there is not much meet left on the bone here. For a good high end fixer, this one might well be a investment worth looking at. In part, what makes it so interesting is the rarity of these kind of homes. We just don’t see many like this.

Author: gordon

Nevada County Resident since 1988. Painting and Decorating Contractor 1985-2003 Nevada County Realtor Since 2004 Member of the Nevada County Masters Club (top producing agent) Every Year Since 2004

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