140 W Pioneer Ave 47, Redlands, California 92374, Redlands, 92374 - 3 bed, 2 bath
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140 W Pioneer Ave 47
Redlands, California 92374
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,574Sq Ft
4,368Lot Size
Property Price
LIST PRICE$465,000
EST. MARKET VALUE
$527,081
11% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $465,000—positioned well below the $527,082 Fair Market Value by 11%. This valuation gap offers $62,082 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the home offers a spacious layout and access to premium community amenities like a pool and tennis courts. Located near the highly-rated Citrus Valley High School, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Estimated Market Value
$527,081+$62,081 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Redlands.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 140 W Pioneer Ave 47 Subject | $465,000* List Price | 3 | 2 | 1,574 | $335 | - |
A 227 Mulvihill Sold | $530,000 | 3 | 2 | 1,422 | $373 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1988 (36 years old), the property falls into the >20y category. While it features some recent cosmetic updates like LVP flooring and fresh paint, the description of a 'functional' kitchen and the lack of recent major renovation history suggest that the kitchen, bathrooms, and core systems (HVAC/Electric) are likely dated and approaching the end of their typical service life.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 190270080, living area = 1574.
- Extensive Community Amenities
Located in a secure gated community, the property offers premium lifestyle features including a pool, spa, tennis and pickleball courts, and a clubhouse.
- Proximity to High-Rated Schools
The home is situated within the Redlands Unified School District, just 0.39 miles from Citrus Valley High School, which carries an impressive 8/10 rating.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =190270080, other record lot size in square feet = 4368. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Dated Construction
Built in 1988, the property may require capital improvements or cosmetic modernizations to compete with newer residential inventory in the area.
- Recurring HOA Expenses
The $220 monthly association fee increases the total monthly carrying cost, which may impact the purchasing power of budget-sensitive buyers.
About 140 W Pioneer Ave 47
This 3-bedroom, 2-bath home offers approximately 1,574 sq. ft. of living space with a spacious layout, comfortable living areas, a functional kitchen and generously sized bedrooms. The home also features a private fenced-in yard. Located in a gated community with a pool, spa, tennis and pickleball courts, clubhouse and green space. Conveniently situated near shopping, dining, schools, entertainment and major freeway access.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 4,368 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $220.0 / Month
Neighborhood Insights
Redlands Unified Schools
Lugonia Elementary School
Grades K-5 • 0.7 mi
4/10
Clement Middle School
Grades 6-8 • 0.7 mi
4/10
Citrus Valley High School
Grades 9-12 • 0.4 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,574 | 1,801.644 |
| Lot Size | 4,368 | 8,387.844 |
| Price | $465.0K | $681.9K |
| Price per sq ft | $295 | $378 |
| Built year | 1988 | 1982 |
| HOA | $220.0 | $141 |
| Days on market | 8 | 55 |
Pricing History
Listed for Sale
Sep 1, 2026
$465,000
Initial Listing
Sold
Jun 2, 2004
$62,000
Public Record