1240 Indian Ocean Avenue, Thermal, California 92274, Thermal, 92274 - 3 bed, 2 bath
ACTIVE$275,000
1240 Indian Ocean Avenue, Thermal, California 92274
3Beds
2Baths
1,437Sqft
9,742Lot
Year Built
2006
Close
-
List price
$275K
Original List price
$275K
Price/Sqft
$191
HOA
-
Days on market
-
Sold On
-
MLS number
219130989DA
Home ConditionFair
Features
Good View: Desert
ViewDesert
About this home
Possibly Over-Priced:The estimated price is 11% below the list price. We found 3 Cons,6 Pros. Rank: price - $275.0K(31th), sqft - 1437(56th), beds - 3(50th), baths - 2(50th).
Endless Possibilities in Thermal! This 3-bedroom, 2-bath home offers 1,437 sq. ft. of potential, set on a spacious 9,742 sq. ft. lot. Built in 2006 and featuring tile and laminate flooring throughout, this home is ready for your personal touch. Located in Imperial County, just minutes from the Salton Sea, you'll be near a variety of recreational activities and one-of-a-kind desert adventures. Whether you're looking for a primary residence, investment property, or desert getaway, this property presents a unique opportunity to bring your tool belt and make it your own!
Condition Rating
Fair
Built in 2006, this property is functional but shows significant signs of being outdated, particularly in the kitchen and bathrooms. The kitchen features original-style light wood cabinets, dated tile countertops and backsplash, and older white appliances. The bathrooms also have dated tile countertops and basic fixtures. While the tile and laminate flooring are present, the overall aesthetic requires substantial cosmetic updates to meet current standards. The listing description explicitly states it's 'ready for your personal touch' and to 'bring your tool belt,' indicating that renovations are needed.
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 = 9742, living area = 1437.
Modern Construction: Built in 2006, the property is relatively modern, potentially offering newer infrastructure and fewer immediate major repair concerns compared to older homes.
Spacious Lot: The generous 9,742 sq. ft. lot provides ample outdoor space for potential landscaping, expansion, or recreational vehicle parking.
Durable Flooring: The presence of tile and laminate flooring throughout the home offers low maintenance and durability, which can be appealing to buyers.
Value-Add Potential: Marketed as having 'endless possibilities' and 'ready for your personal touch,' this property appeals to investors or buyers looking to customize and add value.
Recreational Proximity: Located minutes from the Salton Sea and various desert adventures, it offers unique recreational opportunities for outdoor enthusiasts.
Cons
Condition Requires Investment: The phrasing 'ready for your personal touch' and 'bring your tool belt' strongly suggests the property needs significant updates, repairs, or renovations, implying additional costs and effort for the buyer beyond the purchase price.
Potential Overpricing: The listing price of $275,000 is notably higher than the estimated property value of $243,321.26, and also exceeds the sale prices of some comparable properties that were either smaller or explicitly updated, indicating it may be overpriced for its current 'as-is' condition.
Niche Location Appeal: While offering recreational benefits, the specific location in Imperial County near the Salton Sea may appeal to a narrower buyer demographic, potentially limiting broader market demand and future appreciation compared to more established areas.