1503 Indian, San Bernardino, California 92407, San Bernardino, 92407 - 3 bed, 2 bath
ACTIVE$500,000$1,408/sqft
Est. Value: $439,853
-12%
AboveEstimate
1503 Indian, San Bernardino, California 92407
3Beds
2Baths
1,408Sqft
7,200Lot
Price Vs. Estimate
The estimated value ($439,852.755) is $60,147.245 (12%) lower than the list price ($500,000). 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 = 7200, living area = 1408.
Top Cons:
Significant Repairs Needed: The listing explicitly states the price reflects needed repairs, indicating that a substantial upfront investment will be required for renovation and modernization.
Compared to the nearby listings
Price:$500.0K vs avg $580.0K ($-80,000)20%
Size:1,408 sqft vs avg 1,792.5 sqft28%
Price/sqft:$355 vs avg $32065%
More Insights
Built in 1979 (47 years old).
Condition: The property was built in 1979, making it 45 years old. The listing explicitly states 'Home listed at a price that reflects repairs needed' and the property analysis confirms 'Significant Repairs Needed' and 'Aging Infrastructure,' indicating that major systems (HVAC, plumbing, electrical) are likely original and at the end of their useful life. Without images, it's inferred that the kitchen and bathrooms are severely outdated and require full renovation, consistent with a property needing substantial rehabilitation. This aligns with the 'Poor' condition criteria.
Year Built
1979
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$355
HOA
-
Days on market
-
Sold On
-
MLS number
IG26000412
Home ConditionPoor
Features
View-
About this home
Home listed at a price that reflects repairs needed
B
Bobbie Forbes
Listing Agent
Price History
Date
Event
Price
10/09/20
Sold
$390,000
10/29/14
Sold
$240,000
05/18/05
Sold
$299,000
Condition Rating
Poor
The property was built in 1979, making it 45 years old. The listing explicitly states 'Home listed at a price that reflects repairs needed' and the property analysis confirms 'Significant Repairs Needed' and 'Aging Infrastructure,' indicating that major systems (HVAC, plumbing, electrical) are likely original and at the end of their useful life. Without images, it's inferred that the kitchen and bathrooms are severely outdated and require full renovation, consistent with a property needing substantial rehabilitation. This aligns with the 'Poor' condition criteria.
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 = 7200, living area = 1408.
Desirable Configuration: The property offers a practical and sought-after layout with 3 bedrooms and 2 bathrooms, appealing to families or individuals.
Generous Lot Size: A substantial 7200 sqft lot provides ample outdoor space for landscaping, recreation, or potential future expansion.
Single-Family Residence: As a single-family home, it offers greater privacy, autonomy, and typically higher appreciation potential compared to attached housing.
Established Location: Situated in San Bernardino (92407), the property is in an established residential area, likely offering access to local amenities and community infrastructure.
Value-Add Opportunity: The pricing reflects the need for repairs, presenting a significant opportunity for buyers to invest in renovations and customize the home, potentially increasing its market value.
Cons
Significant Repairs Needed: The listing explicitly states the price reflects needed repairs, indicating that a substantial upfront investment will be required for renovation and modernization.
Lack of Views: The property does not offer any notable views, which can be a drawback in a competitive market where scenic outlooks often add considerable value.
Aging Infrastructure: Built in 1979, the property's age suggests that major systems such as HVAC, plumbing, and electrical may be original and nearing the end of their useful life, necessitating costly updates.