1506 Artic Avenue, Thermal, California 92274, Thermal, 92274 - 2 bed, 2 bath
ACTIVE$255,000
1506 Artic Avenue, Thermal, California 92274
2Beds
2Baths
1,216Sqft
11,098Lot
Year Built
1980
Close
-
List price
$255K
Original List price
$255K
Price/Sqft
$210
HOA
$175
Days on market
-
Sold On
-
MLS number
219123233DA
Home ConditionPoor
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
We found 3 Cons,6 Pros. Rank: price - $255.0K(25th), sqft - 1216(38th), beds - 2(28th), baths - 2(50th).
NIce home with so much potential, this home can be an incredible first time home buyer or an an incredible investment property.. This home can also so be a second home, a place where you can create amazing memories with your family. This home offers a 11000 square feet lot!!! Two bedrooms, two baths and a very spacious living room and dining area. The backyard has endless possibilities, call for a private showing, only 35 minutes away from Coachella. Don't wait this will not last.
Condition Rating
Poor
Built in 1980, this 44-year-old property shows significant signs of age and a complete lack of modern updates. The kitchen features very dated dark wood cabinets and worn countertops, while the bathroom has an old vanity, basic fixtures, and a dated tub/shower combo, all indicative of original or very old components. The flooring includes worn carpet and older laminate/vinyl. While functional, the property requires substantial rehabilitation and renovation to modernize the kitchen and bathrooms, replace worn flooring, and likely update major systems (HVAC, electrical, plumbing) that are at or past their expected lifespan. The overall condition suggests it is uncomfortable to live in its current state without significant investment.
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 = 11098, living area = 1216.
Generous Lot Size: The property features a substantial 11,098 sq ft lot, offering ample space for outdoor living, potential expansion, or adding amenities, which is a significant advantage in the area.
Investment/First-Time Buyer Potential: Explicitly marketed as having 'so much potential' for first-time homebuyers or as an 'incredible investment property,' suggesting an attractive entry point into the market.
Mountain Views: The property benefits from desirable mountain views, enhancing its aesthetic appeal and potential resale value.
Proximity to Coachella: Located just 35 minutes from Coachella, this offers a unique selling point for seasonal rental income or buyers interested in the vibrant festival scene.
Versatile Property Use: The home is suitable for various buyer types, including first-time buyers, investors, or those seeking a second home, broadening its market reach.
Cons
Age and Condition: Built in 1980, the property is significantly older than most comparable sales (many built 2005-2006), and the description's emphasis on 'potential' suggests it likely requires substantial updates and renovations to modernize and compete.
HOA Fee without Clear Benefits: The presence of a $175.00 association fee for a property in a 'Not Applicable-1' subdivision is unusual and could be perceived as a drawback, especially when many nearby comparable properties have no HOA fees.
Limited Bedroom Count: With only two bedrooms, the property offers fewer bedrooms compared to most recently sold comparable properties (which often feature 3 or 4 bedrooms), potentially limiting its appeal to larger families or those seeking more living space.