
Ridgecrest, CA 93555
Analysis of 1407 W Burns Avenue, Ridgecrest, CA 93555 reveals a Fairly Priced Property with a current list price of $235,000 aligned with the estimated $235,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Ridgecrest Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1407 W Burns Avenue Subject | $235,000 | 3 | 2 | 1,435 | $164 | - |
A 1120 S Yorktown Street Sold | $180,000 List Price | 4 | 2 | 1,249 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1972, this property is over 50 years old. While some laminate flooring has been updated in the main living areas, the kitchen and bathrooms are significantly outdated, appearing to be original or last renovated 30-50+ years ago. The kitchen features original wood cabinets, tiled countertops, and older white appliances. The bathrooms have very dated fixtures (e.g., yellow tub), old flooring, and extremely outdated aesthetics (paint colors, light fixtures). The description explicitly states the home 'does need a bit of TLC' and mentions 203k loans, indicating a need for substantial repairs and rehabilitation, particularly in these key areas, to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 53143, living area = 1435.
The availability of an assumable VA loan offers a significant financial advantage, potentially providing a lower interest rate than current market rates for eligible buyers.
Sitting on a spacious 1.2-acre lot (53,143 sqft), the property offers ample outdoor space, privacy, and potential for landscaping, expansion, or recreational use.
The property explicitly states it 'does need a bit of TLC,' indicating that necessary repairs or updates will be required, incurring additional costs and effort for the buyer.
Built in 1972, the home is over 50 years old, which may suggest outdated systems (e.g., plumbing, electrical, HVAC) and potential for deferred maintenance that could require significant investment.
While offering potential, the description lacks specifics on the extent of 'TLC' needed, which could lead to unforeseen expenses and project complexity for the buyer.
Bonus: This home comes with an assumable VA loan. Also, ask for additional information on 203k loans to include the cost of repairs in the Loan and get your dream home. Looking for a home with potential in a peaceful neighborhood? This 3-bedroom, 2-bathroom single-story home in Ridgecrest Heights sits on a spacious 1.2-acre lot and offers the perfect balance of space and opportunity. With 2 bonus rooms, there's endless potential for a home office, creative space, or extra bedrooms. Inside, you'll love the updated laminate wood flooring throughout the main living areas, creating a sleek and low-maintenance foundation. The family room/den is ideal for relaxing or entertaining. While the home does need a bit of TLC, it's a fantastic opportunity to make it your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,435 | 1,471 |
| Lot Size | 53,143 | 5,227 |
| Price | $235.0K | $310.0K |
| Price per sq ft | $164 | $211 |
| Built year | 1972 | 1986 |
| HOA | $0 | $164 |
| Days on market | 397 | 26 |
Aug 8, 2025
$235,000
Initial Listing
Aug 3, 2023
$227,000
Public Record