1355 Palm Avenue, Beaumont, California 92223, Beaumont, 92223 - 2 bed, 2 bath
ACTIVE$489,900
1355 Palm Avenue, Beaumont, California 92223
2Beds
2Baths
1,525Sqft
9,583Lot
Price Vs. Estimate
The estimated value ($365,404.14) is $124,495.86 (25%) lower than the list price ($489,900). 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 = 9583, living area = 1525.
Top Cons:
Significant Overpricing Indication: The current list price of $489,900 is substantially higher than the estimated property value of $365,404.14, suggesting a potential overvaluation that could deter buyers or prolong market time.
Compared to the nearby listings
Price:$489.9K vs avg $537.0K ($-47,100)26%
Size:1,525 sqft vs avg 2,040 sqft17%
Price/sqft:$321 vs avg $26285%
More Insights
Built in 1973 (52 years old).
Condition: Built in 1973, this home has received significant and recent functional updates including a newer roof, recently installed hot water heater, re-piped plumbing, and newer flooring (carpet, linoleum, laminate). The kitchen features newer stainless steel appliances and updated flooring, though the cabinets and countertops are dated. One bathroom has a 'nice tiled shower,' indicating some modernization. A mini-split AC unit in the bonus room is also a modern addition. These extensive updates to major systems and some interior finishes within the last few years make the property move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for a property extensively renovated within 5 to 15 years, despite its older core structure.
Year Built
1973
Close
-
List price
$490K
Original List price
$520K
Price/Sqft
$321
HOA
-
Days on market
-
Sold On
-
MLS number
IG25040222
Home ConditionGood
Features
Good View: Mountain(s)
Deck
Patio
ViewMountain(s)
About this home
Nice home located on a beautiful St in the city of Beaumont. This home comes with 2 good size bedrooms, one and one half bathrooms with good size kitchen, living room, large family room, and bonus room that could be your third bedroom plus a two car attached garage. It also comes with a large lot with a good size shed, fruit trees and a nice covered patio in the back yard. Some upgrades include, newer roof, nice tiled shower, recently installed hot water heater, newer carpet, linoleum, and laminate flooring. House in the last few years has also been re-piped with all new valves, supply lines, and faucets. No HOA. Please come take a look and make your highest and best offer.
Condition Rating
Good
Built in 1973, this home has received significant and recent functional updates including a newer roof, recently installed hot water heater, re-piped plumbing, and newer flooring (carpet, linoleum, laminate). The kitchen features newer stainless steel appliances and updated flooring, though the cabinets and countertops are dated. One bathroom has a 'nice tiled shower,' indicating some modernization. A mini-split AC unit in the bonus room is also a modern addition. These extensive updates to major systems and some interior finishes within the last few years make the property move-in ready with no immediate renovation required, aligning with the 'Good' condition criteria for a property extensively renovated within 5 to 15 years, despite its older core structure.
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 = 9583, living area = 1525.
Extensive Recent Upgrades: The property boasts significant recent upgrades including a newer roof, hot water heater, re-piped plumbing with new valves/supply lines/faucets, and refreshed interior finishes (carpet, linoleum, laminate flooring, tiled shower), reducing immediate maintenance concerns for a buyer.
Generous Lot & Outdoor Living: Features a large 9,583 sqft lot, complete with a good-sized shed, mature fruit trees, and a covered patio, providing ample space for outdoor activities and relaxation.
Flexible Interior Layout: The home offers versatile living space with a large family room and a bonus room that could easily serve as a third bedroom, enhancing its functionality for various buyer needs.
No Homeowners Association (HOA): The absence of an HOA is a significant advantage, meaning no additional monthly fees or restrictive community rules, appealing to buyers seeking greater autonomy and lower recurring costs.
Scenic Mountain Views: The property offers desirable mountain views, enhancing its aesthetic appeal and potential for a pleasant living environment.
Cons
Significant Overpricing Indication: The current list price of $489,900 is substantially higher than the estimated property value of $365,404.14, suggesting a potential overvaluation that could deter buyers or prolong market time.
Dated Core Structure: Built in 1973, the home's age, despite recent cosmetic and system upgrades, may still present concerns regarding overall structural integrity, insulation, or other non-updated original components compared to newer constructions.
Limited Bedroom/Bathroom Count: With only 2 bedrooms and 1.5 bathrooms, the property offers fewer accommodations than many comparable homes in the area, which could narrow the pool of potential buyers, particularly families.