10851 Maple Avenue, Bloomington, California 92316, Bloomington, 92316 - 4 bed, 2 bath
ACTIVE UNDER CONTRACT$449,999
10851 Maple Avenue, Bloomington, California 92316
4Beds
2Baths
1,378Sqft
7,300Lot
Price Vs. Estimate
The estimated value ($395,801.225) is $54,197.775 (12%) lower than the list price ($449,999). 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 = 7300, living area = 1378.
Top Cons:
Extensive Renovation Required: The property's description highlights it as a 'Rehab opportunity' and mentions its 'condition,' indicating significant repair and upgrade costs will be necessary.
Compared to the nearby listings
Price:$450.0K vs avg $545.0K ($-95,001)18%
Size:1,378 sqft vs avg 1,372 sqft53%
Price/sqft:$327 vs avg $40120%
More Insights
Built in 1971 (54 years old).
Condition: The property, built in 1971, is explicitly marketed as a 'Rehab opportunity' requiring a 'CASH BUYER due to the condition of the home,' indicating significant issues. Images reveal extensive wear and tear, including dated and worn kitchen cabinets, countertops, and appliances, peeling and stained linoleum flooring, and dark, heavily worn carpets throughout. Bathrooms feature outdated fiberglass showers and small tiled surrounds. Visible water stains on popcorn ceilings in multiple rooms suggest potential roof or plumbing issues. The overall condition points to substantial repairs and rehabilitation being necessary, aligning with the 'poor' classification.
Year Built
1971
Close
-
List price
$450K
Original List price
$550K
Price/Sqft
$327
HOA
-
Days on market
-
Sold On
-
MLS number
IV25188863
Home ConditionPoor
Features
View-
About this home
Rehab opportunity, it would make a great flip project or a strong option for a retail buyer looking for a home priced under market value. Come bring your imagination and design this one the way you would like. Buyer to assume SOLAR PANELS. Looking for a CASH BUYER due to the condition of the home.
Condition Rating
Poor
The property, built in 1971, is explicitly marketed as a 'Rehab opportunity' requiring a 'CASH BUYER due to the condition of the home,' indicating significant issues. Images reveal extensive wear and tear, including dated and worn kitchen cabinets, countertops, and appliances, peeling and stained linoleum flooring, and dark, heavily worn carpets throughout. Bathrooms feature outdated fiberglass showers and small tiled surrounds. Visible water stains on popcorn ceilings in multiple rooms suggest potential roof or plumbing issues. The overall condition points to substantial repairs and rehabilitation being necessary, aligning with the 'poor' classification.
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 = 7300, living area = 1378.
High Investment Potential: The property is explicitly marketed as a 'Rehab opportunity' and a 'great flip project,' appealing to investors and buyers looking to add value.
Aggressive Pricing Strategy: Currently 'priced under market value' with significant price reductions from its original list price ($550,000 to $449,999), offering potential for immediate equity gain.
Solar Panel System: The presence of solar panels, once assumed by the buyer, provides long-term energy cost savings and environmental benefits.
Desirable Layout: A 4-bedroom, 2-bathroom configuration is highly sought after by families, offering good functionality and broad market appeal.
Generous Lot Size: With a 7300 sqft lot, the property offers ample outdoor space for landscaping, potential expansion, or recreational use.
Cons
Extensive Renovation Required: The property's description highlights it as a 'Rehab opportunity' and mentions its 'condition,' indicating significant repair and upgrade costs will be necessary.
Limited Financing Options: The explicit request for a 'CASH BUYER' severely restricts the potential buyer pool and suggests the property may not qualify for traditional mortgage financing.
Solar Panel Assumption Obligation: While solar panels are a benefit, the requirement for the buyer to 'assume SOLAR PANELS' could involve a lease transfer or purchase, adding a financial complexity or burden.