1244 Arcadia Avenue, Thermal, California 92274, Thermal, 92274 - 3 bed, 2 bath
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Thermal, California 92274
This Value-Add Residential Asset is offered at a List Price of $269,000 against a $233,618 Fair Market Value, with the price reflecting the unique inclusion of a fenced Adjacent Vacant Lot. Holding a Condition Rating of 4, the property requires modernization but offers forced appreciation potential through unfinished backyard construction, with area comparables reaching $345,000. Featuring Lake and Mountain Views and 100% financing eligibility, this is a strategic acquisition for Fix-and-Flip Investors or first-time buyers seeking expansion room in the Coachella Valley Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1244 Arcadia Avenue Subject | $250,000* List Price | 3 | 2 | 1,484 | $139 | - |
A 2342 Sand Jewel Avenue Sold | $245,000 | 3 | 2 | 1,300 | $188 | 0.8 mi |
B 1204 Shore Garden Street Active | $185,000 List Price | 4 | 2 | 1,400 | $132 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, this property is aged and shows signs of being outdated, particularly with the non-traditional third bedroom addition in an enclosed patio. While the listing suggests it is functional enough for 100% financing programs, the presence of 'partially started construction' in the backyard and the original style of the home indicate that it requires minor updates and repairs to meet modern standards. The kitchen and bathrooms are functional but lack recent renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9997, living area = 1484.
The sale includes a clean, fully fenced adjacent vacant lot, offering significant value for future expansion, additional storage, or creative outdoor projects.
The property boasts beautiful views of the lake and surrounding mountains, providing a serene and picturesque backdrop for the home.
The backyard contains a partially started construction area from previous owners, which may require additional permits and investment to complete or remove.
The third bedroom and bathroom are located within an enclosed covered patio rather than the main structure, which may impact insulation and overall flow.
BUYER'S WIN! HUGE PRICE REDUCTION! PLUS+INCLUDES THE ADJACENT LOT. Welcome to a cozy and peaceful home in the tranquil community of Thermal. This charming property features 2 bedrooms and 2 bathrooms, along with a spacious living room that flows seamlessly into a welcoming dining area.An additional third room and bathroom were thoughtfully added within the enclosed covered patio, conveniently located near the laundry area, storage room, and the one-car garage.The backyard includes a partially started construction area from previous owners, as well as two storage sheds, offering plenty of potential for customization.A standout feature of this opportunity is the adjacent vacant lot (APN #011-262-003-000), included with the sale. The lot is clean, fully fenced, and ready for a buyer with vision--ideal for expansion, additional storage, or creative outdoor projects.This is a wonderful chance to become a proud homeowner and bring your ideas to life. Financing options are available, including 100% financing programs suitable for first-time buyers, investors, or anyone seeking a bit more space and privacy away from the crowds.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,484 | 1,397 | 53% |
| Lot Size | 9,997 | 10,244.5 | 26% |
| Price | $250.0K | $302.5K | 29% |
| Price per sq ft | $168 | $201 | 24% |
| Built year | 1965 | 2005 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 171 | 6% |
Apr 15, 2026
$250,000
$269,000
-7% Price Drop
Initial Listing
Mar 8, 2026
$269,000
Initial Listing
Aug 2, 2012
$25,000
Public Record