
Redlands, California 92373
This Spacious Condominium represents a Strong Value Opportunity, listed at $420,000—positioned well below the $442,183 Fair Market Value by 5%. This valuation gap provides $22,183 in Instant Equity. With a Condition Rating of 4, the home features a modern kitchen and new HVAC, while offering room for cosmetic updates to original 1965 elements. Located near historic downtown Redlands with access to a Community Pool, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 139 E Cypress Subject | $420,000* List Price | 3 | 3 | 1,683 | $263 | - |
A 135 E Cypress Avenue Sold | $369,800 | 3 | 3 | 1,543 | $240 | 0.0 mi |
B 525 La Verne Street Sold | $300,000 | 2 | 2 | 1,152 | $260 | 0.1 mi |
C 246 E Fern Avenue 109 Sold | $420,000 | 3 | 2 | 1,486 | $283 | 0.2 mi |
D 246 E Fern Active | $360,000 List Price | 2 | 2 | 1,188 | $303 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, the property is move-in ready with a new HVAC system and fresh paint/carpet, but retains many original features and popcorn ceilings, requiring further modernization.
Boasting approximately 1,683 square feet, this is one of the largest floor plans in the Regency Townhomes community, offering a spacious two-story layout that is rare for local condominiums.
The property features a recently updated kitchen with quartz countertops, brand-new central heating and air conditioning, and fresh interior paint and carpeting, providing immediate move-in readiness.
Situated in the heart of Redlands near the historic downtown district, the home offers exceptional walkability and convenience to premium shopping, dining, and local parks.
The monthly HOA dues of $622.37 are relatively high, which may impact buyer affordability and increase the overall monthly carrying cost compared to other local options.
Despite recent cosmetic refreshes, the property retains many original 1965 interior features that will require further capital investment for a full contemporary modernization.
Welcome to 139 E Cypress Avenue in the heart of Redlands! This spacious two-story condominium offers approximately 1,683 square feet of living space with 3 bedrooms and 2.5 bathrooms, making it one of the larger floor plans in the Regency Townhomes community. While move-in ready, the home retains many original interior features and offers an outstanding opportunity for cosmetic improvements and modernization. The main level features a generously sized living room, a dedicated dining area, an updated kitchen with quartz countertops and attractive cabinetry, convenient interior laundry, and a downstairs powder room for guests. Upstairs you’ll find a spacious primary suite with its own private bath, along with two additional bedrooms and a full hall bathroom. Fresh interior paint and new carpeting provide a clean and comfortable living environment, while the home’s generous square footage and highly functional floor plan offer exceptional flexibility for a variety of lifestyles. Additional amenities include new central heating and air conditioning and convenient access to community amenities. Ideally located near historic downtown Redlands, shopping, dining, parks, and commuter routes, this home combines space, comfort, and convenience in one of Redlands’ most established communities. HOA dues include beautiful community pool, plus: water, trash, and exterior maintenance. Bring your vision and discover the possibilities this spacious Redlands condo has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.3 |
| Baths | 3.0 | 1.8 |
| Square foot | 1,683 | 1,222.917 |
| Lot Size | 1,683 | 1,620.25 |
| Price | $420.0K | $413.1K |
| Price per sq ft | $250 | $313 |
| Built year | 1965 | 1980 |
| HOA | $622.37 | $479 |
| Days on market | 60 | 72 |
Aug 6, 2026
$420,000
$450,000
-7% Price Drop
Initial Listing
Jul 11, 2026
$450,000
Initial Listing