116 Franklin, Redlands, California 92373, Redlands, 92373 - 5 bed, 3 bath
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Redlands, California 92373
This Renovated Single-Family Residence is a Prime Investment Opportunity, listed at $1,148,888—positioned well below the $1,200,000 Fair Market Value by 4%. This valuation gap offers $51,112 in Instant Equity for buyers. Boasting an Excellent Condition Rating, the home features a modernized kitchen, vaulted ceilings, and a private pool and spa on an expansive 29,871 sqft lot. Located in the prestigious Redlands Unified School District with mountain views, this turnkey estate offers a premium lifestyle. It is the perfect fit for a growing family or Owner-Occupants seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 116 Franklin Subject | $1,148,888* List Price | 5 | 3 | 2,793 | $430 | - |
A 1435 Patricia Drive Sold | $1,175,000 | 4 | 3 | 2,709 | $434 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1948, the property has undergone extensive recent renovations that meet modern quality standards. The kitchen is fully updated with contemporary shaker cabinetry, subway tile backsplashes, a butcher block island with a wine cooler, and high-end appliances. The interior features refinished hardwood floors, vaulted ceilings with skylights, updated recessed and industrial-style lighting, and solar panels. The home appears move-in ready with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29871, living area = 2793.
Situated on a nearly 30,000 sqft lot, this property offers exceptional outdoor space and privacy, which is a rare and valuable asset in a central Redlands neighborhood.
With 5 bedrooms and nearly 2,800 sqft of living area, the home provides a functional and spacious floor plan ideal for large families or multi-generational living.
Built in 1948, the property may require ongoing maintenance or modernization of older systems to meet contemporary efficiency and style standards.
A recent price reduction from the original listing suggests the property may have faced challenges with initial market valuation or extended days on market.
Welcome to 116 Franklin in the heart of Redlands! This beautiful home offers comfort, style, and convenience in a desirable neighborhood. Featuring spacious living areas, abundant natural light, and a functional floor plan, this property is perfect for everyday living and entertaining. Enjoy close proximity to schools, shopping, dining, and easy freeway access. A wonderful opportunity to own in one of Redlands’ most sought-after communities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 86% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 2,793 | 2,041 | 75% |
| Lot Size | 29,871 | 11,040 | 85% |
| Price | $1.15M | $762.0K | 85% |
| Price per sq ft | $411 | $387 | 59% |
| Built year | 1948 | 1963 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 190 | 13% |
Mar 26, 2026
$1,148,888
$1,200,000
-4% Price Drop
Initial Listing
Feb 6, 2026
$1,200,000
Initial Listing
Mar 18, 2022
$1,060,000
Public Record
Jun 29, 2018
$885,000
Public Record
Aug 20, 1998
$205,000
Public Record