11273 Alder Avenue, Bloomington, California 92316, Bloomington, 92316 - 3 bed, 3 bath
ACTIVE$9,999,999
11273 Alder Avenue, Bloomington, California 92316
3Beds
3Baths
2,275Sqft
178,596Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Significant Development Potential: The property is explicitly marketed as an 'EXCELLENT DEVELOPMENT OPPORTUNITY' for developers, builders, and investors, highlighting its primary value proposition.
Top Cons:
High List Price: The current list price of nearly $10 million is exceptionally high for the Bloomington market, potentially limiting buyer interest and raising questions about valuation.
Compared to the nearby listings
Price:$10.00M vs avg $545.0K (+$9,454,999)98%
Size:2,275 sqft vs avg 1,372 sqft94%
Price/sqft:$4.4K vs avg $41398%
More Insights
Built in 1979 (46 years old).
Condition: The property was built in 1979, making it 45 years old. No interior images are provided, which strongly suggests the interior, including the kitchen and bathrooms, is in poor condition and not presentable. The listing description emphasizes the property as an 'EXCELLENT DEVELOPMENT OPPORTUNITY' and states 'THE SALE INCLUDES A 3 BEDROOMS, 2 BATHROOMS HOUSE,' indicating the house itself is not the primary value driver and is likely considered secondary to the land. Without any mention of renovations, it's highly probable that the major systems, kitchen, bathrooms, and finishes are original or severely outdated, requiring substantial repairs and rehabilitation to meet modern living standards. The exterior also appears dated and unmaintained.
Year Built
1979
Close
-
List price
$10M
Original List price
$1,000M
Price/Sqft
$4,396
HOA
-
Days on market
-
Sold On
-
MLS number
CV23120013
Home ConditionPoor
Features
Good View: Hills, Mountain(s), Neighborhood
Patio
ViewHills, Mountain(s), Neighborhood
About this home
EXCELLENT DEVELOPMENT OPPORTUNITY KNOCK YOUR DOOR TO OWN 4.1 ACRES OF LAND WITH A HOUSE SITUATED IN A PRIME LOCATION OF BLOOMINGTON. CALLING DEVELOPERS, BUILDERS, INVESTORS, ETCETERA, ETCETERA. THE SALE INCLUDES A 3 BEDROOMS, 2 BATHROOMS HOUSE. THE HOUSE HAS APPROXIMATELY, 2, 275 SQFT. NEW OWNER/S IS/ARE ADVISE TO INDEPENDENTLY DO ALL THE INVESTIGATION WITH THE CITY, OR COUNTY OF SAN BERNARDINO FOR THE USE OF THE LAND, SQUARE FOOTAGE AND ZONING.
Condition Rating
Poor
The property was built in 1979, making it 45 years old. No interior images are provided, which strongly suggests the interior, including the kitchen and bathrooms, is in poor condition and not presentable. The listing description emphasizes the property as an 'EXCELLENT DEVELOPMENT OPPORTUNITY' and states 'THE SALE INCLUDES A 3 BEDROOMS, 2 BATHROOMS HOUSE,' indicating the house itself is not the primary value driver and is likely considered secondary to the land. Without any mention of renovations, it's highly probable that the major systems, kitchen, bathrooms, and finishes are original or severely outdated, requiring substantial repairs and rehabilitation to meet modern living standards. The exterior also appears dated and unmaintained.
Pros & Cons
Pros
Significant Development Potential: The property is explicitly marketed as an 'EXCELLENT DEVELOPMENT OPPORTUNITY' for developers, builders, and investors, highlighting its primary value proposition.
Expansive Land Parcel: Boasts a substantial 4.1-acre (178,596 sqft) lot, providing ample space for various large-scale development projects.
Strategic Location: Situated in a 'PRIME LOCATION OF BLOOMINGTON,' which enhances its appeal and potential for successful development.
Existing Residential Structure: Includes a 3-bedroom, 2-bathroom, 2,275 sqft house, offering potential for interim rental income or a base for site operations during development planning.
Scenic Views: Offers desirable views of hills, mountains, and the neighborhood, which could be a valuable amenity for future developed properties.
Cons
High List Price: The current list price of nearly $10 million is exceptionally high for the Bloomington market, potentially limiting buyer interest and raising questions about valuation.
Extensive Due Diligence Required: The listing explicitly advises buyers to independently investigate zoning, land use, and square footage, indicating potential complexities and risks associated with development feasibility.
Age of Existing House: The 1979-built house, while sizable, is older and likely requires significant renovation or demolition, adding to overall development costs and project timelines.