12908 South Lane, Redlands, California 92373, Redlands, 92373 - 0 bed, 0 bath
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Redlands, California 92373
This Renovated Foothill Estate is a High-Potential Investment Opportunity, listed at $1,295,000—positioned well below the $1,469,620 Fair Market Value by 11%. This valuation gap provides $174,620 in Instant Equity. Boasting a Mint Condition Rating, the home features a luxury quartz kitchen, private pool, and mountain views within the Redlands Unified School District. A rare 2.85% assumable mortgage and RCFE certification add immense financial value. This versatile property is a premier acquisition for Owner-Occupants or Business Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12908 South Lane Subject | $1,295,000* List Price | 0 | 0 | 3,227 | $455 | - |
A 1631 Calle Solejar Sold | $1,600,000 | 5 | 4 | 3,616 | $442 | 0.6 mi |
B 13049 Burns Active | $1,250,000 List Price | 4 | 4 | 3,732 | $335 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1998, the property has undergone a high-end renovation within the last 5 years, specifically in the kitchen which features quartz waterfall countertops, a herringbone backsplash, and stainless steel appliances. The home also features updated wood-look ceramic tile flooring throughout and modern systems including a solar panel system with a generator and storage unit, meeting the criteria for mint condition and recent renovation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 3227.
The opportunity for qualified buyers to assume a 2.85% 30-year fixed mortgage provides a massive competitive advantage and significant long-term interest savings.
Situated on a full acre in the South Redlands foothills, the estate offers breathtaking mountain and canyon views, a private gated pool, and extensive outdoor amenities.
The listing price reflects a very sharp increase from its recent 2024 sale price, which may lead to appraisal challenges or buyer hesitation regarding market value.
As a state-approved Residential Assisted Living Facility (RCFE), the property may have specific modifications or a niche appeal that differs from a standard residential buyer's needs.
Gorgeous Five-Bed, Three-Bath Estate on One Acre in the Foothills of South Redlands! State-approved Residential Assisted Living Facility (RCFE). Buyers can assume a 2.85% 30-year fixed mortgage on the purchase of this home if they qualify. Breathtaking Mountain, Canyon, and Sunset Views! This spacious single-story home boasts 20-foot-high ceilings and a wide-open floor plan perfect for entertaining or hosting guests, with double primary suites at opposite ends of the home. Some bedrooms have patio access. An upgraded luxury kitchen features quartz countertops, a huge island, and stainless steel appliances. There is a dedicated open dining room, a breakfast nook, and seating at the kitchen island. Wood-look ceramic tile flooring maintains well and is easy to clean. The backyard includes a playset area, an in-ground trampoline, and a gated private pool. A solar panel system with a generator and storage unit helps you save on your electricity bill. Tons of parking available with a massive circular driveway and a 3-car garage with room for a workshop and storage space. Conveniently located just minutes from the 10 freeway entrance at Yucaipa Blvd. Also listed as a single-family residence, MLS# IG26082376. Schedule a private tour and check it out!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 3,227 | 2,041 | 84% |
| Lot Size | 43,560 | 11,040 | 90% |
| Price | $1.29M | $762.0K | 89% |
| Price per sq ft | $401 | $387 | 54% |
| Built year | 1998 | 1963 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 190 | 1% |
Apr 16, 2026
$1,295,000
Initial Listing
Feb 5, 2024
$536,000
Public Record
Aug 13, 2020
$765,000
Public Record
Apr 12, 2019
$700,000
Public Record
Jun 20, 2003
$575,000
Public Record