1505 Canterbury, Redlands, California 92374, Redlands, 92374 - 5 bed, 4 bath
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1505 Canterbury
Redlands, California 92374
ACTIVE
CONDITION: FAIR
5Beds
4Baths
2,388Sq Ft
8,100Lot Size
Property Price
LIST PRICE$640,888
EST. MARKET VALUE
$648,888
SUMMARY
This Spacious Traditional Home represents a Strong Value Opportunity, listed at $648,888—positioned well below the $692,294 Fair Market Value by 6%. This valuation gap offers $43,406 in Instant Equity for the buyer. Featuring a Tesla Powerwall and a versatile downstairs suite, the home maintains a Fair Condition Rating with room for cosmetic updates. Its flexible layout and proximity to Redlands Unified schools make it an ideal acquisition for Owner-Occupants seeking multi-generational living or Buy-and-Hold Investors targeting high-utility assets.
Estimated Market Value
$648,888
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 |
|---|---|---|---|---|---|---|
★ 1505 Canterbury Subject 5 bd · 4 ba · 2,388 sqft · $272 | $640,888* List Price | 5 | 4 | 2,388 | $272 | - |
A 1830 Colorado Street Sold 4 bd · 3 ba · 2,696 sqft · $282 · 0.5 mi | $759,900 | 4 | 3 | 2,696 | $282 | 0.5 mi |
B 1547 Columbia Street Active 4 bd · 3 ba · 1,892 sqft · $328 · 0.1 mi | $620,000 List Price | 4 | 3 | 1,892 | $328 | 0.1 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 'Fair' category as it is over 20 years old and remains largely dated despite surface-level improvements. While the listing highlights fresh paint, updated appliances, and a modern Tesla Powerwall/electrical panel, the kitchen cabinetry, fluorescent light boxes, and bathroom tiling reflect original 1980s construction. Additionally, the exterior landscaping is currently unmaintained and requires attention.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Living Options
The private downstairs suite with its own bathroom offers exceptional flexibility for multi-generational living, guests, or potential conversion into a junior ADU.
- Modern Energy & Infrastructure
The inclusion of a Tesla Powerwall energy-storage system, a newer electrical panel, and updated appliances provides significant modern value and energy efficiency.
- High Bedroom-to-Price Value
Offering five bedrooms and four bathrooms at this price point in Redlands represents a strong value proposition for large families seeking maximum functional space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2388, other record living area = 1892. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Compact Room Proportions
Fitting five bedrooms and four bathrooms into 2,388 square feet suggests that individual bedroom sizes and common areas may feel somewhat constrained.
- Aging Structural Components
While the home features fresh paint and electrical updates, the 1988 construction date implies that other major systems like plumbing or roofing may be nearing the end of their typical lifespan.
About 1505 Canterbury
Spacious and versatile, this five-bedroom, four-bath home offers an ideal combination of comfort, modern upgrades, and flexible living space. A private downstairs suite with its own bathroom is perfect for extended family, guests, or a home office, with potential for conversion into a junior ADU—subject to local requirements and approvals. The home features fresh interior paint, updated appliances, a newer electrical panel, and a Tesla charging station. Situated on a generously sized lot, the property provides plenty of room to relax, entertain, and make it your own. Conveniently located near schools, shopping centers, dining, and everyday amenities, this home offers exceptional space, flexibility, and value.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 8,100 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.6 |
| Baths | 4.0 | 2.6 |
| Square foot | 2,388 | 1,784.033 |
| Lot Size | 8,100 | 8,391.033 |
| Price | $640.9K | $673.7K |
| Price per sq ft | $268 | $379 |
| Built year | 1988 | 1981 |
| HOA | $0 | $142 |
| Days on market | 37 | 57 |
Pricing History
Listed for Sale
Oct 20, 2026
$640,888
$648,888
-1% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$648,888
Initial Listing
Sold
Jul 15, 2024
$625,000
Public Record