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1121 Wellwood, Beaumont, California 92223, Beaumont, 92223 - 3 bed, 2 bath

1121 Wellwood, Beaumont, California 92223 home-pic-0
ACTIVE$499,000$1,128/sqft
Est. Value: $541,995
8%
BelowEstimate
1121 Wellwood, Beaumont, California 92223
3Beds
2Baths
1,128Sqft
22,651Lot

Price Vs. Estimate

The estimated value ($541,994.565) is $42,994.565 (8%) higher than the list price ($499,000). This property may be underpriced.

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 = 22651, living area = 1128.
Top Cons:
Advanced Age of Structure: Built in 1943, the property's age may necessitate future maintenance or updates to core systems not explicitly mentioned as renovated.

Compared to the nearby listings

Price:$499.0K vs avg $531.5K ($-32,500)34%
Size:1,128 sqft vs avg 2,022.5 sqft7%
Price/sqft:$442 vs avg $26198%

More Insights

Built in 1943 (83 years old).
Condition: Despite being built in 1943, this property has undergone significant and relatively recent renovations, making it move-in ready. The kitchen features granite countertops and stainless steel appliances, while the living areas boast laminate flooring and recessed lighting. Bathrooms are updated with modern vanities and tiled showers. Central AC/heating and dual-pane windows further enhance its condition, aligning with a 'Good' rating for a well-maintained and updated home, even if the original structure is older.
Year Built
1943
Close
-
List price
$499K
Original List price
$499K
Price/Sqft
$442
HOA
-
Days on market
-
Sold On
-
MLS number
IV25282078
Home ConditionGood
Features
Good View: Mountain(s), Neighborhood
Deck
Patio
ViewMountain(s), Neighborhood

About this home

WOW!!! OVER 1/2 ACRE PRICED UNDER 500k**** Single Story Ranch Style Home sits on just over 1/2 Acre of flat land ready for endless opportunities. This Home is Move-In Ready and consist of laminate floor, tile in kitchen and bathrooms, recessed lights, ceiling fans, . Kitchen has beautiful counters with granite counter tops, recessed lighting. Master bedroom with master bath has direct access to Huge Back Yard. Dining room area has a sliding door that leads into a private fenced area. With over 1/2 Acre you have potential for RV parking, animals, machinery, or build an ADU. This home is just minutes away from10 Fwy, making it convenient for commuters. Also conveniently locate near Elementary, Middle and High School. Central AC and heating, dual pane windows, washer & dryer hooks ups inside house.

G
GEORGE VEGA
Listing Agent

Price History

Date
Event
Price
07/19/96
Sold
$4,000
10/27/23
Sold
$450,000
10/16/17
Sold
$230,000
08/09/13
Sold
$171,500
07/29/03
Sold
$140,000
Condition Rating
Good
Despite being built in 1943, this property has undergone significant and relatively recent renovations, making it move-in ready. The kitchen features granite countertops and stainless steel appliances, while the living areas boast laminate flooring and recessed lighting. Bathrooms are updated with modern vanities and tiled showers. Central AC/heating and dual-pane windows further enhance its condition, aligning with a 'Good' rating for a well-maintained and updated home, even if the original structure is older.
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 = 22651, living area = 1128.
Generous & Versatile Lot: Over 1/2 acre of flat land provides significant potential for expansion, ADU construction, RV parking, or various recreational uses.
Updated & Move-in Ready Interior: The home features modern finishes including laminate flooring, granite countertops in the kitchen, recessed lighting, and is described as 'Move-In Ready'.
Strategic Commuter & Family-Friendly Location: Conveniently located minutes from the 10 Fwy for easy commuting and close proximity to elementary, middle, and high schools.
Essential Modern Amenities: Equipped with central AC and heating, along with dual-pane windows, ensuring comfort and energy efficiency.
Competitive Price Point for Land Value: Offered under $500,000 for a property with over half an acre, presenting a strong value proposition for the land and its potential.

Cons

Advanced Age of Structure: Built in 1943, the property's age may necessitate future maintenance or updates to core systems not explicitly mentioned as renovated.
Modest Interior Square Footage: The 1128 sqft living space is relatively small for a 3-bedroom, 2-bathroom home, especially when contrasted with the expansive lot size.
Recent Price Discrepancy: The current list price of $499,000 is notably higher than the last recorded sale price of $450,000 in October 2023, which could impact buyer perception of immediate value.
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