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15464 3rd Street, Victorville, California 92395, Victorville, 92395 - 4 bed, 2 bath

15464 3rd Street, Victorville, California 92395 home-pic-0
ACTIVE$299,900
15464 3rd Street, Victorville, California 92395
4Beds
2Baths
964Sqft
5,000Lot

Price Vs. Estimate

The estimated value ($118,893.635) is $181,006.365 (60%) lower than the list price ($299,900). This property may be overpriced.

Key pros and cons

Top Pros:
Investment Potential: Positioned as a strong 1031 investment opportunity, especially with the option to purchase a package of properties from the seller.
Top Cons:
Advanced Age of Property: Built in 1920, the property is over a century old, suggesting potential for extensive maintenance, outdated systems, and structural concerns.

Compared to the nearby listings

Price:$299.9K vs avg $420.0K ($-120,075)8%
Size:964 sqft vs avg 1,661.5 sqft5%
Price/sqft:$311 vs avg $25189%

More Insights

Built in 1920 (105 years old).
Condition: The property was built in 1920, making it over 100 years old. The listing description does not mention any recent renovations or updates to the kitchen, bathrooms, or major systems. The property analysis explicitly highlights 'Advanced Age of Property' as a weakness, indicating potential for extensive maintenance, outdated systems, and structural concerns. Without interior images to suggest otherwise, it is highly probable that the kitchen, bathrooms, and other major components are significantly outdated and require substantial repairs and rehabilitation to be comfortable and meet current standards.
Year Built
1920
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
$311
HOA
-
Days on market
-
Sold On
-
MLS number
OC25109132
Home ConditionPoor
Features
Good View: None
View-

About this home

3rd Street is a 4 bed / 2 bath home with 944 SF of living space on a 5,000 SF lot. This home also has large basement with 3 rooms and a bath. Basement ceilings are under 7' tall so not permitted at habitable space. The seller has several single family homes for sale in Victorville. A home owner or investor can purchase one property or a package of properties. This is a great investment 1031 investment opportunity in downtown Victorville. The properties are freeway close and near Costco, Big Lots, Food 4 Less, Home Depot, Victor Valley Hospital and many other stores and restaurants. The High Desert is growing. The Barstow International Gateway and the Brightline High Speed rail project are creating thousands of new jobs in the area. The MLS ID #s for the properties are the following: OC25104945, OC25104977, OC25109132, OC25109194, OC25109203, OC25109249, OC25109271, OC25109288, OC25109293, OC25109324, and OC25109334.

Nearby schools

2/10
Del Rey Elementary School
Public,•K-6•0.7mi
/10
Academy Of Performing Arts And Foreign Language
Public,•K-6•0.9mi
1/10
Lakeview Middle School
Public,•7-9•4.3mi
2/10
Victor Valley High School
Public,•9-12•0.5mi
Condition Rating
Poor
The property was built in 1920, making it over 100 years old. The listing description does not mention any recent renovations or updates to the kitchen, bathrooms, or major systems. The property analysis explicitly highlights 'Advanced Age of Property' as a weakness, indicating potential for extensive maintenance, outdated systems, and structural concerns. Without interior images to suggest otherwise, it is highly probable that the kitchen, bathrooms, and other major components are significantly outdated and require substantial repairs and rehabilitation to be comfortable and meet current standards.
Pros & Cons

Pros

Investment Potential: Positioned as a strong 1031 investment opportunity, especially with the option to purchase a package of properties from the seller.
Strategic Location: Conveniently located freeway close and near essential amenities including major retailers (Costco, Home Depot) and Victor Valley Hospital.
Regional Growth Drivers: Benefits from significant local economic development projects like the Barstow International Gateway and Brightline High Speed rail, promising future job growth and area appreciation.
Functional Layout: Offers a versatile 4-bedroom, 2-bathroom configuration suitable for families or rental income.
Additional Basement Space: Includes a large basement with 3 rooms and a bath, providing valuable non-habitable space for storage or other utility.

Cons

Advanced Age of Property: Built in 1920, the property is over a century old, suggesting potential for extensive maintenance, outdated systems, and structural concerns.
Basement Habitable Space Limitation: The basement, despite having rooms and a bath, is explicitly stated as not permitted for habitable space due to ceiling height, limiting its functional value and official square footage.
Significant Valuation Discrepancy: The listing price is substantially higher than the estimated property value (estimation ratio -60%), suggesting potential overpricing or undisclosed issues that could impact financing and resale.

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