1214 Clay, Redlands, California 92374, Redlands, 92374 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$339,000
1214 Clay, Redlands, California 92374
2Beds
1Bath
825Sqft
6,615Lot
Price Vs. Estimate
The estimated value ($306,192.85) is $32,807.15 (9%) lower than the list price ($339,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Potential: The property is explicitly highlighted as a 'GREAT PROPERTY TO ADD AN ADU,' offering significant value-add and potential for rental income.
Top Cons:
Extensive Renovation Required: The description 'NEEDS WORK' and 'INVESOR SPECIAL' clearly indicates that the property requires significant capital investment for repairs and upgrades.
Compared to the nearby listings
Price:$339.0K vs avg $600.0K ($-261,000)1%
Size:825 sqft vs avg 1,648 sqft1%
Price/sqft:$411 vs avg $35970%
More Insights
Built in 1914 (111 years old).
Condition: Built in 1914, this property is over a century old. The MLS description explicitly states 'NEEDS WORK' and is marketed as an 'INVESTOR SPECIAL' for 'FLIPPERS,' indicating that substantial repairs and rehabilitation are required. The seller's preference for 'CASH OFFERS' further suggests the property's condition may not meet traditional financing standards. While no interior images are provided, the age and description strongly imply that the kitchen, bathroom, and all major systems are severely outdated, likely non-functional, and require extensive renovation or replacement.
Year Built
1914
Close
-
List price
$339K
Original List price
$339K
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
PW25261428
Home ConditionPoor
Features
View-
About this home
INVESOR SPECIAL...NEEDS WORK...SELLER LOOKING FOR CASH OFFERS...EXTRA ROOM IN THE BACK OF HOUSE...GREAT PROPERTY TO ADD AN ADU....EASY FREEWAY ACCESS...BRING YOUR INVESTORS AND FLIPPERS...
Price History
Date
Event
Price
02/25/13
Sold
$75,500
03/18/02
Sold
$97,000
Condition Rating
Poor
Built in 1914, this property is over a century old. The MLS description explicitly states 'NEEDS WORK' and is marketed as an 'INVESTOR SPECIAL' for 'FLIPPERS,' indicating that substantial repairs and rehabilitation are required. The seller's preference for 'CASH OFFERS' further suggests the property's condition may not meet traditional financing standards. While no interior images are provided, the age and description strongly imply that the kitchen, bathroom, and all major systems are severely outdated, likely non-functional, and require extensive renovation or replacement.
Pros & Cons
Pros
ADU Potential: The property is explicitly highlighted as a 'GREAT PROPERTY TO ADD AN ADU,' offering significant value-add and potential for rental income.
Investor Opportunity: Marketed as an 'INVESOR SPECIAL' for 'FLIPPERS,' this property presents a strong opportunity for renovation and profit generation.
Generous Lot Size: With a 6,615 sqft lot, there is ample space for potential expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU).
Flexible Extra Room: The presence of an 'EXTRA ROOM IN THE BACK OF HOUSE' provides versatile space that can be utilized as an office, den, or additional living area.
Convenient Freeway Access: The property boasts 'EASY FREEWAY ACCESS,' enhancing its appeal for commuters and overall connectivity.
Cons
Extensive Renovation Required: The description 'NEEDS WORK' and 'INVESOR SPECIAL' clearly indicates that the property requires significant capital investment for repairs and upgrades.
Cash Offer Preference: The seller's explicit request for 'CASH OFFERS' suggests the property's current condition may not qualify for traditional financing, thereby limiting the potential buyer pool.
Advanced Age & Small Size: Built in 1914, the property is over a century old, likely requiring major system overhauls, and its 825 sqft size is relatively small for a single-family residence.