1506 Arctic Avenue, Thermal, California 92274, Thermal, 92274 - 2 bed, 2 bath
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Thermal, California 92274
This property presents a High-Potential Investment Opportunity with a List Price of $215,000—positioned well below the $216,990 Fair Market Value by 0.9%. This valuation gap offers $1,990 in Instant Equity. With a Condition Rating of 4, the home requires modernization, yet the 11,098 sq ft lot provides significant upside for expansion or ADU development. Located 35 minutes from Coachella, this asset is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1506 Arctic Avenue Subject | $215,000* List Price | 2 | 2 | 1,216 | $178 | - |
A 2842 Gram Drive Sold | $274,900 | 4 | 2 | 1,571 | $175 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1980 (44 years old) and shows signs of recent minor cosmetic updates, such as a new bathroom vanity and vinyl plank flooring. However, the presence of aged electrical outlets, a 'digitally altered' exterior photo with a dirt driveway, and the listing's emphasis on 'potential' for investors suggest the home is dated and requires further repairs and modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11098, living area = 1216.
At $215,000, this property represents a highly accessible entry-level price for the California market, making it an attractive option for first-time buyers or budget-conscious investors.
The expansive 11,098 sq ft lot offers significant land value and provides ample room for future expansions, ADU construction, or a large-scale outdoor oasis.
Situated in the Salton Sea area of Thermal, the property is relatively isolated from major metropolitan amenities and employment hubs, which may impact long-term appreciation.
Built in 1980 and marketed as having 'incredible potential,' the home likely requires capital improvements and modernization to meet contemporary buyer expectations.
Charming home with incredible potential! Whether you're a first-time homebuyer, an investor, or looking for the perfect second home to enjoy with family, this property checks all the boxes. Situated on an impressive 11,000 sq ft lot, this home offers room to grow, expand, or create the outdoor oasis of your dreams.Inside, you'll find two bedrooms, two bathrooms, and a spacious living and dining area ideal for comfortable living and entertaining. The expansive backyard provides endless possibilities.Located just 35 minutes from Coachella, this home offers convenience, versatility, and long-term value.Don't wait, opportunities like this don't last. Call today to schedule your private showing. New garage door and garage door opener. New remodeled bathrooms, new sliding door from the dining area to the backyard. New floors, fresh paint and the popcorn ceilings have been redone!!! Is move in ready, owner will install new appliances before closing.!!!! owner is ready to sell. We have first time home buyers programs, call to sell if you qualify!!!!!!!!!!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,216 | 1,550 |
| Lot Size | 11,098 | 10,542 |
| Price | $215.0K | $299.3K |
| Price per sq ft | $177 | $215 |
| Built year | 1980 | 2008 |
| HOA | $115.0 | $175 |
| Days on market | 34 | 92 |
Jun 18, 2026
$215,000
Initial Listing
Mar 9, 2016
$30,000
Public Record