1603 Margarita, Redlands, California 92373, Redlands, 92373 - 4 bed, 2 bath
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Redlands, California 92373
This Turnkey Single Family Residence represents a High-Potential Investment Opportunity, listed at $779,990—positioned well below the $803,222 Fair Market Value by 2%. This valuation gap offers $23,232 in Instant Equity. Featuring a newly remodeled kitchen, master bath, and new flooring, the home maintains a Condition Rating of 2. Located in the elite Redlands Unified School District with a large 14,040 sqft lot, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1603 Margarita Subject | $780,000 | 4 | 2 | 1,792 | $431 | - |
A 1514 Franklin Sold | $820,000 | 4 | 2 | 1,730 | $474 | 0.7 mi |
B 503 Camino Real Sold | $760,000 | 4 | 2 | 1,965 | $387 | 0.2 mi |
C 1582 Franklin Sold | $980,000 | 4 | 3 | 2,310 | $424 | 0.7 mi |
D 209 Anita Court Sold | $780,000 | 3 | 2 | 1,595 | $489 | 0.7 mi |
E 1525 Garden Street Active | $914,900 List Price | 5 | 3 | 2,208 | $414 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features a newly remodeled kitchen and master bath with modern finishes, new flooring throughout, and critical systems (HVAC and roof) updated in 2019, meeting the criteria for a high-quality renovation within the last 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14040, living area = 1792.
Situated in the highly sought-after South Redlands/Redlands Heights area, the property offers exceptional walkability to historic sites, elite schools, and premium recreational facilities like the Redlands Country Club and Ford Park.
The home features a newly remodeled kitchen and master bath, new flooring throughout, and critical infrastructure updates including a newer roof and HVAC system installed in 2019, reducing immediate move-in costs.
Built in 1968, the property may have aging underlying systems or structural elements that were not addressed in the recent cosmetic and HVAC/roof renovations.
Despite being located in a neighborhood known for mountain vistas, this specific property is listed as having no view, which may be a disadvantage compared to neighboring homes with elevated outlooks.
Highly desirable South Redlands/Redlands Heights location, among the most sought after in the Inland Empire. Walkable neighborhood is filled with historic homes, tree-lined streets, and mountain views. Home is located less than a mile from the following, Redlands Country Club with a private 18-hole golf course, fitness, tennis, dining & social activities. The 27-acre Ford Park which features a disc golf course, two fishing ponds, a dog park, and lighted tennis and pickleball courts. Tranquil Caroline Park with its walking trails lined with California native fauna and amazing mountain views. Easy access to Interstate 10 at the Ford Street on- and off-ramps, Local food, coffee, fitness center, and more. Highly desirable Redlands Unified School District: Mariposa Elementary (K-5), Moore MS (6-8), and Redlands East Valley HS. Also located within 1 mile Valley Preparatory School (PreK-8) an elite non-religiously affiliated private school. Newly remodeled kitchen, master bath and new flooring thought out. Newer HVAC and roof, 2019. Large backyard and room for RV parking on the side.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,792 | 2,042.5 | 42% |
| Lot Size | 14,040 | 12,551.5 | 58% |
| Price | $780.0K | $782.5K | 50% |
| Price per sq ft | $435 | $395 | 64% |
| Built year | 1968 | 1963 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 153 | 8% |
May 7, 2026
$779,990
Initial Listing
Aug 29, 2002
$275,000
Public Record
Feb 2, 1996
$165,500
Public Record