1203 Ohio Street, Redlands, California 92374, Redlands, 92374 - 2 bed, 1 bath
1203 Ohio Street
Redlands, California 92374
Property Price
SUMMARY
Analysis of 1203 Ohio Street, Redlands, California 92374 reveals a Prime Investment Opportunity with a current list price of $460,000—significantly undercutting the $492,250 Fair Market Value by 6%. This valuation gap indicates a +$32,250 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Redlands Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1203 Ohio Street Subject | $460,000* List Price | 2 | 1 | 1,354 | $364 | - |
A 843 Carlotta Court Sold | $470,000 | 3 | 2 | 1,339 | $351 | 0.4 mi |
B 1218 6th Street Sold | $492,000 | 3 | 2 | 1,304 | $377 | 0.3 mi |
C 1214 Clay Sold | $339,000 | 2 | 1 | 825 | $411 | 0.1 mi |
D 402 Baldwin Avenue Sold | $440,000 | 2 | 1 | 1,103 | $399 | 0.8 mi |
E 401 W Pioneer Avenue Sold | $510,000 | 3 | 1 | 1,247 | $409 | 0.8 mi |
F 1636 Webster Street Pending | $449,000 List Price | 2 | 1 | 1,154 | $389 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1951, this home is well-maintained with fresh interior paint, original wood floors in good condition, a new stove, and updated laminate flooring in the kitchen and bathroom. However, the kitchen and bathroom feature very dated, colorful vintage tile and original cabinetry, requiring significant cosmetic updates to meet modern standards. The property also lacks a central cooling system, which is a notable drawback. While functional and clean, its major components show signs of being outdated, aligning with a 'fair' condition.
PROSSTRENGTHS & OPPORTUNITIES
- Buyer Closing Cost Credit
The property includes a significant $10,000 credit towards buyer's closing costs, offering a direct financial incentive.
- Desirable Corner Lot
Situated on a desirable corner lot, the home benefits from increased privacy, natural light, and potentially more outdoor space.
- Classic Mid-Century Charm
The home retains its classic mid-century character, featuring original wood floors and colorful vintage tile, appealing to buyers seeking unique aesthetic and historical charm.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1951, the home may have older systems (e.g., plumbing, electrical, HVAC) that could require future maintenance or upgrades, despite recent cosmetic updates.
- Limited Bedroom and Bathroom Count
With only 2 bedrooms and 1 bathroom, the property may not accommodate larger families or those desiring more private spaces or additional bathroom convenience.
- Lack of Mentioned Cooling System
The description does not specify a cooling system (e.g., central AC), which could be a significant drawback for comfort during Redlands' warmer months.
About 1203 Ohio Street
Charming 2-bedroom, 1-bath home on a desirable corner lot that comes with a $10,000 credit towards buyer's closing costs! The living room features expansive, wall-to-wall corner windows that flood the space with natural light and highlight the home’s classic mid-century character. Original wood floors flow throughout, while colorful vintage tile in the kitchen and bathroom adds timeless charm. An enclosed bonus room offers flexible space—perfect for a home office, studio, or playroom. The home includes fresh interior paint throughout, and the kitchen includes a brand-new stove (not pictured). A true blend of classic charm and functional living in a prime location!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1951
- Lot Size
- 6,732 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 9% |
| Baths | 1.0 | 2.0 | 11% |
| Square foot | 1,354 | 1,675 | 32% |
| Lot Size | 6,732 | 7,200 | 43% |
| Price | $460.0K | $616.4K | 11% |
| Price per sq ft | $340 | $370 | 36% |
| Built year | 1951 | 1985 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 171 | 3% |
Pricing History
Listed for Sale
Jan 22, 2026
$460,000
Initial Listing