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1247 Michigan, Beaumont, California 92223, Beaumont, 92223 - 4 bed, 2 bath

1247 Michigan, Beaumont, California 92223 home-pic-0
ACTIVE$425,000$1,296/sqft
Est. Value: $392,782
-7%
AboveEstimate
1247 Michigan, Beaumont, California 92223
4Beds
2Baths
1,296Sqft
10,890Lot

Price Vs. Estimate

The estimated value ($392,782.455) is $32,217.545 (7%) lower than the list price ($425,000). 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 = 10890, living area = 1296.
Top Cons:
Requires Extensive Renovation: The property is explicitly stated to need 'TLC' and 'sweat equity,' indicating a need for significant updates and repairs to modernize and enhance its condition.

Compared to the nearby listings

Price:$425.0K vs avg $531.5K ($-106,500)13%
Size:1,296 sqft vs avg 2,022.5 sqft10%
Price/sqft:$328 vs avg $26186%

More Insights

Built in 1971 (55 years old).
Condition: Built in 1971, this property is explicitly described as needing 'TLC' and 'sweat equity,' indicating a need for substantial repairs and rehabilitation. The images confirm this, showing an extremely dated kitchen with original cabinets, worn countertops, and old fixtures. Both bathrooms feature very old tiles, fixtures, and show significant wear. While some laminate flooring is present in the living areas, many bedrooms retain old linoleum. The overall condition, particularly in the kitchen and bathrooms, suggests major components are well over 30-50 years old and require full renovation to meet modern standards.
Year Built
1971
Close
-
List price
$425K
Original List price
$425K
Price/Sqft
$328
HOA
-
Days on market
-
Sold On
-
MLS number
IV26008998
Home ConditionPoor
Features
Good View: Hills, Neighborhood
Patio
ViewHills, Neighborhood

About this home

This one owner home needs some TLC but presents a fantastic opportunity for an owner occupant looking to put in some sweat equity or for an investor looking for their next project! With four bedrooms (including one with en suite), 2 bathrooms, a spacious living room, eat in kitchen, and indoor laundry room, this home checks all the boxes even before you get to the huge yard with rear yard/alley access and the wide front driveway. The single car garage has most recently been used for an office space but the backyard could have additional garage or even ADU potential! Better still, the neighborhood is centrally located and close to schools, commercial development, and freeway access but without higher taxes or HOA. This is the kind of home that seems like a starter home but that could become your forever home, like it did for its sellers. Don't let this affordable opportunity pass you by!

T
TARAH VANGROUW
Listing Agent
Condition Rating
Poor
Built in 1971, this property is explicitly described as needing 'TLC' and 'sweat equity,' indicating a need for substantial repairs and rehabilitation. The images confirm this, showing an extremely dated kitchen with original cabinets, worn countertops, and old fixtures. Both bathrooms feature very old tiles, fixtures, and show significant wear. While some laminate flooring is present in the living areas, many bedrooms retain old linoleum. The overall condition, particularly in the kitchen and bathrooms, suggests major components are well over 30-50 years old and require full renovation to meet modern standards.
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 = 10890, living area = 1296.
Significant Value-Add Opportunity: The property is ideal for owner-occupants seeking sweat equity or investors, offering clear potential for renovation and value appreciation, including ADU possibilities in the backyard.
Expansive Lot with Development Potential: Features a huge yard with rear alley access and a wide front driveway, providing ample outdoor space and potential for an additional garage or Accessory Dwelling Unit (ADU).
Prime Central Location: Strategically located close to schools, commercial developments, and freeway access, enhancing convenience and desirability within the neighborhood.
Functional & Spacious Floor Plan: Offers a practical layout with four bedrooms (one en suite), two bathrooms, a spacious living room, an eat-in kitchen, and an indoor laundry room.
Favorable Ownership Costs: Benefits from being in a neighborhood without higher taxes or HOA fees, contributing to more affordable long-term ownership.

Cons

Requires Extensive Renovation: The property is explicitly stated to need 'TLC' and 'sweat equity,' indicating a need for significant updates and repairs to modernize and enhance its condition.
Dated Condition & Systems: Built in 1971, the home likely features original or outdated systems and finishes, which will require investment for modernization and efficiency upgrades.
Limited Dedicated Garage Parking: The single-car garage has been converted into an office, leaving no dedicated covered parking space as currently configured.
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