12779 Douglas, Yucaipa, California 92399, Yucaipa, 92399 - 2 bed, 2 bath
ACTIVE$355,000$1,161/sqft
Est. Value: $366,395
3%
BelowEstimate
12779 Douglas, Yucaipa, California 92399
2Beds
2Baths
1,161Sqft
7,171Lot
Price Vs. Estimate
The estimated value ($366,394.585) is $11,394.585 (3%) higher than the list price ($355,000). This property may be underpriced.
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 = 7171, living area = 1161.
Top Cons:
Substantial Price Discrepancy: The current list price of $355,000 is significantly lower than its recent sale price of $505,000 (July 2024), which raises questions about the property's condition, market changes, or seller motivation, requiring thorough due diligence.
Compared to the nearby listings
Price:$355.0K vs avg $584.0K ($-229,000)4%
Size:1,161 sqft vs avg 1,804.5 sqft16%
Price/sqft:$306 vs avg $33035%
More Insights
Built in 1973 (53 years old).
Condition: Built in 1973, this property is over 50 years old with no indication of recent major renovations. The significant price drop from $505,000 in July 2024 to the current $355,000 strongly suggests that substantial repairs and rehabilitation are needed, likely due to outdated systems (kitchen, bathrooms, electrical, plumbing, HVAC) and potential defects discovered after the last sale. Without interior images, and given the age and price discrepancy, it's highly probable that the kitchen and bathrooms are original or very dated, requiring extensive modernization.
Year Built
1973
Close
-
List price
$355K
Original List price
$355K
Price/Sqft
$306
HOA
-
Days on market
-
Sold On
-
MLS number
TR25280687
Home ConditionPoor
Features
View-
About this home
M
Marta Liceaga
Listing Agent
Price History
Date
Event
Price
07/09/24
Sold
$505,000
06/23/11
Sold
$118,000
09/14/07
Sold
$290,000
Condition Rating
Poor
Built in 1973, this property is over 50 years old with no indication of recent major renovations. The significant price drop from $505,000 in July 2024 to the current $355,000 strongly suggests that substantial repairs and rehabilitation are needed, likely due to outdated systems (kitchen, bathrooms, electrical, plumbing, HVAC) and potential defects discovered after the last sale. Without interior images, and given the age and price discrepancy, it's highly probable that the kitchen and bathrooms are original or very dated, requiring extensive modernization.
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 = 7171, living area = 1161.
Attractive Price Point: The current list price of $355,000 is highly competitive for a single-family home in Southern California, potentially offering an accessible entry point for buyers.
Generous Lot Size: A 7,171 sqft lot provides ample outdoor space for landscaping, potential expansion, or recreational activities, a desirable feature for a single-family residence.
Single-Family Residence: As a single-family home, the property offers privacy and ownership of land, a highly sought-after property type.
Practical Layout: With 2 bedrooms and 2 bathrooms, the home offers a functional and manageable living space suitable for various buyer profiles, including individuals, couples, or small families.
Potential Value Opportunity: The current listing price is substantially lower than its recent sale price of $505,000 in July 2024, indicating a significant potential value opportunity for astute buyers.
Cons
Substantial Price Discrepancy: The current list price of $355,000 is significantly lower than its recent sale price of $505,000 (July 2024), which raises questions about the property's condition, market changes, or seller motivation, requiring thorough due diligence.
Age of Property: Built in 1973, the home is over 50 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and the need for modernization or repairs, which could incur additional costs.
Smaller Interior Square Footage: At 1,161 sqft, the interior living space is relatively modest, which could be a constraint for buyers seeking larger homes or more expansive living areas.