1510 Karon Street, Redlands, California 92374, Redlands, 92374 - 4 bed, 3 bath
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1510 Karon Street
Redlands, California 92374
ACTIVE
CONDITION: POOR
4Beds
3Baths
1,758Sq Ft
12,200Lot Size
Property Price
LIST PRICE$489,000
EST. MARKET VALUE
$548,176
10% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $489,000—positioned well below the $548,176 Fair Market Value by 10%. This valuation gap offers $59,176 in Instant Equity for buyers. With a Fair Condition Rating and significant renovation needs, the expansive 12,200 sqft lot provides massive upside, including potential for an ADU. Featuring a private pool and proximity to the University of Redlands, this is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking a value-add project.
Estimated Market Value
$548,176+$59,176 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 1510 Karon Street Subject | $489,000* List Price | 4 | 3 | 1,758 | $312 | - |
A 1005 Ohio Street Pending | $514,950 List Price | 3 | 2 | 1,480 | $348 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1986 (nearly 40 years old), the property requires significant rehab. While the kitchen and one bathroom are functional but dated, multiple bedrooms have had the flooring completely removed to the subfloor, and the exterior landscaping is neglected. It does not meet move-in ready standards.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 12200, living area = 1758.
- Development Potential
The expansive 12,200 sqft corner lot features a separate entrance off Ashley Way, providing an ideal footprint for an Accessory Dwelling Unit (ADU) to maximize property value or rental income.
- Outdoor Amenities
The inclusion of a private backyard pool is a significant value-add for the Redlands climate, offering a ready-made space for recreation and cooling off during warm summer months.
CONSRISKS & DEFICIENCIES
- Property Age and Maintenance
Built in 1986, the home may soon require capital expenditures for aging systems such as the roof, HVAC, or pool equipment if they have not been recently updated.
- Compact Interior Layout
Distributing four bedrooms and three bathrooms across 1,758 square feet may result in smaller individual bedroom sizes and more confined living areas compared to modern spacious floor plans.
About 1510 Karon Street
Welcome to this charming two-story home on a large corner lot in North Redlands! Inside, you’ll find 4 bedrooms, 3 bathrooms, and a spacious layout with multiple living areas. The main level features a living room with vaulted ceilings, a laundry room, direct access to the 2-car garage, a family room with a brick fireplace and sliding glass doors leading to the backyard followed by a breakfast nook and the kitchen. There is also a room currently being used as a dining room, providing additional space for gatherings. Upstairs, you’ll find three bedrooms and two bathrooms, including the primary bedroom with its own ensuite bathroom and walk-in closet. Step outside to enjoy the backyard featuring a pool, perfect for relaxing and cooling off on warm days. The large corner lot also offers potential for an ADU with its own separate entrance off Ashley Way. The oversized two-car garage with direct home access and a driveway provide additional parking. Ideally located near shopping, dining, the University of Redlands, and more. Come see everything this home has to offer!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 12,200 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 | 4.0 | 3.8 |
| Baths | 3.0 | 2.6 |
| Square foot | 1,758 | 1,801.644 |
| Lot Size | 12,200 | 8,387.844 |
| Price | $489.0K | $681.9K |
| Price per sq ft | $278 | $378 |
| Built year | 1986 | 1982 |
| HOA | $0 | $141 |
| Days on market | 13 | 55 |
Pricing History
Listed for Sale
Aug 27, 2026
$489,000
Initial Listing
Sold
Apr 20, 1994
$142,000
Public Record