12037 Lee Ave, Adelanto, California 92301, Adelanto, 92301 - 3 bed, 2 bath
ACTIVE$324,900
12037 Lee Ave, Adelanto, California 92301
3Beds
2Baths
936Sqft
10,500Lot
Price Vs. Estimate
The estimated value ($239,061.225) is $85,838.775 (26%) lower than the list price ($324,900). 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 = 10500, living area = 936.
Top Cons:
Advanced Age of Property: Built in 1926, the home is nearly a century old, suggesting potential for outdated systems (plumbing, electrical), structural issues, and a likely need for significant modernization and maintenance.
Compared to the nearby listings
Price:$324.9K vs avg $409.5K ($-84,600)9%
Size:936 sqft vs avg 1,636 sqft2%
Price/sqft:$347 vs avg $25897%
More Insights
Built in 1926 (99 years old).
Condition: Built in 1926, this property is nearly a century old. The images reveal a highly dated interior, particularly the kitchen, which features old-style wooden cabinets, basic laminate countertops, and older appliances (though the fridge appears newer, it has a dent). There are no visible modern updates to the kitchen or bathrooms (which are not clearly pictured but likely consistent with the home's age). The presence of window AC units suggests a lack of central cooling. The overall condition indicates that major systems are likely at or beyond their expected lifespan, requiring substantial repairs and rehabilitation to meet current quality and safety standards. The property analysis also highlights its 'Advanced Age' and the 'likely need for significant modernization and maintenance'.
Year Built
1926
Close
-
List price
$325K
Original List price
$350K
Price/Sqft
$347
HOA
-
Days on market
-
Sold On
-
MLS number
HD25214551
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Great Investment Opportunity or Perfect for First-Time Buyers! This charming home offers 3 bedrooms and 2 bathrooms, plus a bonus addition at the back featuring a private room and restroom with its own separate entrance — ideal for guests, rental income, or multi-generational living. Situated on a spacious 10,500 sq ft lot, the property provides ample parking and is surrounded by mature trees, offering both privacy and shade. Don’t miss out on this versatile property with plenty of potential!
Condition Rating
Poor
Built in 1926, this property is nearly a century old. The images reveal a highly dated interior, particularly the kitchen, which features old-style wooden cabinets, basic laminate countertops, and older appliances (though the fridge appears newer, it has a dent). There are no visible modern updates to the kitchen or bathrooms (which are not clearly pictured but likely consistent with the home's age). The presence of window AC units suggests a lack of central cooling. The overall condition indicates that major systems are likely at or beyond their expected lifespan, requiring substantial repairs and rehabilitation to meet current quality and safety standards. The property analysis also highlights its 'Advanced Age' and the 'likely need for significant modernization and maintenance'.
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 = 10500, living area = 936.
Versatile Bonus Unit: A dedicated bonus addition with a private room, restroom, and separate entrance offers excellent potential for rental income, multi-generational living, or guest accommodation.
Generous Lot Size: The spacious 10,500 sq ft lot provides ample outdoor space, privacy, and potential for future expansion or landscaping projects.
Ample Parking: The property offers abundant parking space, a practical advantage for residents and guests, especially given the potential for multiple occupants.
Mature Landscaping & Privacy: Established mature trees provide natural shade, enhanced curb appeal, and a sense of privacy for the property.
Value-Add Potential: The combination of a large lot, existing bonus unit, and an older structure presents significant opportunities for buyers to add value through strategic renovations or improvements.
Cons
Advanced Age of Property: Built in 1926, the home is nearly a century old, suggesting potential for outdated systems (plumbing, electrical), structural issues, and a likely need for significant modernization and maintenance.
Compact Main Living Area: With only 936 sqft for the main 3 bedrooms and 2 bathrooms, the primary living space is relatively small, which might feel cramped for some buyers or limit modern open-concept preferences.
Overpriced Relative to Market Valuation: The listing price is significantly higher (28% above) the automated property estimation, and a recent price reduction indicates potential overpricing or challenges in attracting buyers at the current price point.