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1017 E Colton, Redlands, California 92374, Redlands, 92374 - 2 bed, 2 bath

1017 E Colton, Redlands, California 92374 home-pic-0
ACTIVE$599,900$1,553/sqft
Est. Value: $594,210
%
FairlyEstimate
1017 E Colton, Redlands, California 92374
2Beds
2Baths
1,553Sqft
10,620Lot

Price Vs. Estimate

The estimated value ($594,210.09) is $5,689.91 (0%) lower than the list price ($599,900). 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 = 10620, living area = 1553.
Top Cons:
Converted Garage Legality/Functionality: The two-car attached garage has been converted to living space, which may raise questions about permitting, legality, and the loss of traditional garage parking.

Compared to the nearby listings

Price:$599.9K vs avg $613.0K ($-13,100)44%
Size:1,553 sqft vs avg 1,676 sqft42%
Price/sqft:$386 vs avg $35762%

More Insights

Built in 1951 (75 years old).
Condition: Built in 1951, this property shows its age despite some updates. The kitchen features white cabinetry and granite counters, but the appliances appear older and the overall style is not modern. Bathrooms have updated vanities and flooring but retain dated elements like older tile work and shower enclosures. The hardwood floors throughout the main living areas and bedrooms show significant wear and are in need of refinishing. While functional and move-in ready, the property requires minor updates and potential attention to major systems due to its age, aligning with the 'fair' condition criteria.
Year Built
1951
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$386
HOA
-
Days on market
-
Sold On
-
MLS number
IG25261701
Home ConditionFair
Features
Good View: Hills, Mountain(s), Neighborhood
Patio
ViewHills, Mountain(s), Neighborhood

About this home

OPPORTUNITY KNOCKS!! Priced To Sell - This is 2 Units and Walking Distance to University of Redlands!! NO HOA FEES and LOW TAXES * * This Home is Sitting on a GIANT FLAT Lot with Rear Access and Room to Add a ADU or WorkShop * * The Main Home Offers a SPACIOUS Floor-Plan of 1553sqft with 3 Bedrooms and 2 FULL Bathrooms * * Large Living Room with HARDWOOD Flooring Throughout and Brick Fireplace * * Separate Formal Dining Room * * REMODELED Kitchen with White Cabinetry, GRANITE SLAB Counters and In-Kitchen Dining Area to Enjoy Your Morning Coffee * * Spacious Primary Bedroom and Private Bathroom with Walk-In Shower * * (2) Additional Nicely Appointed Bedrooms * * TWO Car Attached Garage has been Converted to LIVING SPACE with Spacious Room & Bathroom with Walk-In Shower * * Close to Schools, Parks, Shopping, University, Dining/Restaurants, Downtown Redlands and EZ Freeway Access * * SUBMIT ALL OFFERS!!

T
Tom Tennant
Listing Agent

Price History

Date
Event
Price
08/12/20
Sold
$450,000
Condition Rating
Fair
Built in 1951, this property shows its age despite some updates. The kitchen features white cabinetry and granite counters, but the appliances appear older and the overall style is not modern. Bathrooms have updated vanities and flooring but retain dated elements like older tile work and shower enclosures. The hardwood floors throughout the main living areas and bedrooms show significant wear and are in need of refinishing. While functional and move-in ready, the property requires minor updates and potential attention to major systems due to its age, aligning with the 'fair' condition 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 = 10620, living area = 1553.
Income Potential / Multi-Unit: The property is described as '2 Units' with a converted garage offering additional living space and a bathroom, providing significant rental income potential or flexible living arrangements.
Prime Location: Excellent walkability to the University of Redlands and close proximity to schools, parks, shopping, dining, downtown, and freeway access.
Large, Developable Lot: Features a 'GIANT FLAT Lot with Rear Access and Room to Add a ADU or WorkShop,' offering future expansion possibilities and increased property value.
Low Ownership Costs: Benefits from 'NO HOA FEES and LOW TAXES,' reducing the overall cost of ownership for a buyer.
Remodeled Kitchen: The kitchen has been updated with white cabinetry and granite slab counters, appealing to modern tastes.

Cons

Converted Garage Legality/Functionality: The two-car attached garage has been converted to living space, which may raise questions about permitting, legality, and the loss of traditional garage parking.
Bed/Bath Count Discrepancy: The official MLS data lists 2 bedrooms and 2 bathrooms, which significantly conflicts with the description implying 3 bedrooms in the main house plus an additional living space with a bathroom, requiring immediate clarification.
Age of Property & Potential Deferred Maintenance: Built in 1951, the property may have older systems (e.g., plumbing, electrical, HVAC) not explicitly updated, potentially leading to future maintenance costs despite some interior remodels.
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