1228 Placer, Redlands, California 92374, Redlands, 92374 - 3 bed, 2 bath
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1228 Placer
Redlands, California 92374
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,120Sq Ft
7,452Lot Size
Property Price
LIST PRICE$539,000
EST. MARKET VALUE
$520,990
3% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $539,000—positioned above the $520,990 Fair Market Value by a narrow margin. While the property is currently priced slightly above market, it features a Condition Rating of 4, benefiting from extensive interior updates including fresh paint, new flooring, and a new water heater. The large 7,452 sqft lot offers significant utility in an established Redlands neighborhood. This home is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready, low-maintenance property.
Estimated Market Value
$520,990
Based on Realkey algorithm analyzing recent comparable sales in Redlands.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1228 Placer Subject 3 bd · 2 ba · 1,120 sqft · $465 | $539,000* List Price | 3 | 2 | 1,120 | $465 | - |
A 1415 Stillman Sold 3 bd · 2 ba · 1,230 sqft · $423 · 0.5 mi | $520,000 | 3 | 2 | 1,230 | $423 | 0.5 mi |
B 1227 Darlene Court Sold 3 bd · 2 ba · 1,509 sqft · $384 · 0.2 mi | $580,000 | 3 | 2 | 1,509 | $384 | 0.2 mi |
C 1209 Anthony Sold 2 bd · 2 ba · 1,335 sqft · $419 · 0.2 mi | $560,000 | 2 | 2 | 1,335 | $419 | 0.2 mi |
D 1214 Country Sold 3 bd · 2 ba · 1,335 sqft · $449 · 0.3 mi | $600,000 | 3 | 2 | 1,335 | $449 | 0.3 mi |
E 1348 Jean Sold 3 bd · 2 ba · 1,509 sqft · $417 · 0.3 mi | $630,000 | 3 | 2 | 1,509 | $417 | 0.3 mi |
F 1317 Susan Avenue Sold 3 bd · 2 ba · 1,509 sqft · $378 · 0.4 mi | $570,000 | 3 | 2 | 1,509 | $378 | 0.4 mi |
G 1104 E Pennsylvania Avenue Sold 4 bd · 2 ba · 1,423 sqft · $351 · 0.8 mi | $499,000 | 4 | 2 | 1,423 | $351 | 0.8 mi |
H 1557 Cambridge Avenue Active 3 bd · 2 ba · 1,040 sqft · $528 · 0.5 mi | $549,000 List Price | 3 | 2 | 1,040 | $528 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1978, the home has received a recent cosmetic refresh including new vinyl plank flooring, fresh paint, and new toilets. However, the kitchen remains dated with older wood cabinetry and tile countertops exceeding the 20-year threshold. While move-in ready with a new water heater and central HVAC, the primary living areas require modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7452, living area = 1120.
- Extensive Interior Updates
The home is move-in ready featuring fresh interior paint, completely refinished ceilings, new vinyl plank flooring throughout, and updated porcelain tile in the entryway.
- Prime Cul-de-Sac Location
Situated at the end of a quiet cul-de-sac in an established Redlands neighborhood, the property offers enhanced privacy, safety, and superior curb appeal.
CONSRISKS & DEFICIENCIES
- Limited Garage Space
The property only includes a one-car garage, which may be a drawback for multi-vehicle households or those requiring additional covered storage space.
- Compact Interior Square Footage
With only 1,120 square feet of living space for a three-bedroom home, the interior layout may feel constrained for families seeking larger communal or bedroom areas.
About 1228 Placer
Great curb appeal as you drive down the street into the CUL DE-SAC .THREE Bedroom single story has ALL FRESH INTERIOR PAINT. CEILINGS COMPLETELY RE FINISHED, ALL NEW VINYL PLANK FLOORING THROUGH OUT WITH PORCELAIN TILE IN ENTRANCE . TWO NEW TOILETS.ALL NEW WINDOW DRAPES Kitchen with BUILT-INS , BREAKFAST NOOK, FAMILY AREA WITH FIREPLACE, NEW FRONT DOOR. .1 CAR GARAGE WITH STORAGE SHELVES.NEW WATER HEATER. CENTRAL HEAT & AIR. SPACIOUS YARD , GREAT HOME IN ESTABLISHED AREA.PRICED TO SELL !!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 7,452 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 3.6 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,120 | 1,784.033 |
| Lot Size | 7,452 | 8,391.033 |
| Price | $539.0K | $673.7K |
| Price per sq ft | $481 | $379 |
| Built year | 1978 | 1981 |
| HOA | $0 | $142 |
| Days on market | 36 | 57 |
Pricing History
Listed for Sale
Sep 18, 2026
$539,000
Initial Listing
Sold
May 22, 1996
$100,000
Public Record