16161 Lorene, Victorville, California 92395, Victorville, 92395 - 3 bed, 2 bath
ACTIVE$165,000$1,728/sqft
16161 Lorene, Victorville, California 92395
3Beds
2Baths
1,728Sqft
13,193Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top 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 = 13193, living area = 1728.
Top Cons:
Limited Financing Options: Restricted to 'CASH OR Private Financing only,' which drastically narrows the potential buyer pool and suggests the property may not meet conventional lending standards.
Compared to the nearby listings
Price:$165.0K vs avg $421.0K ($-256,000)1%
Size:1,728 sqft vs avg 1,698.5 sqft51%
Price/sqft:$95 vs avg $2500%
More Insights
Built in 1970 (56 years old).
Condition: Built in 1970, this property is over 50 years old and is explicitly described as a 'blank canvas' requiring 'significant renovation.' The images reveal an outdated interior with extensive wood paneling, worn carpet, and basic light fixtures. Crucially, there is no visible kitchen, and the bathrooms, while having some newer elements like tile and vanities, are inconsistent in style, appear unfinished, and lack typical residential features like a shower/tub. The presence of window AC units instead of central cooling/heating, and the 'CASH OR Private Financing only' requirement, strongly indicate that the property does not meet conventional lending standards and needs substantial rehabilitation to be livable and functional as a modern home.
Year Built
1970
Close
-
List price
$165K
Original List price
$165K
Price/Sqft
$95
HOA
-
Days on market
-
Sold On
-
MLS number
IV26009864
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
CASH OR Private Financing only. Located in a great area of Victorville, this spacious property is zoned R1. With a generous 1,728 sq ft of versatile space, the property features a large great room. The property also includes two bathrooms for convenience. The expansive lot provides ample parking space, ensuring ease of access for visitors and ample exposure in this centrally located area. Start a new project today with this blank canvas and endless possibilities!
S
STEFANIE ANGEL
Listing Agent
Price History
Date
Event
Price
03/06/20
Sold
$250,000
Condition Rating
Poor
Built in 1970, this property is over 50 years old and is explicitly described as a 'blank canvas' requiring 'significant renovation.' The images reveal an outdated interior with extensive wood paneling, worn carpet, and basic light fixtures. Crucially, there is no visible kitchen, and the bathrooms, while having some newer elements like tile and vanities, are inconsistent in style, appear unfinished, and lack typical residential features like a shower/tub. The presence of window AC units instead of central cooling/heating, and the 'CASH OR Private Financing only' requirement, strongly indicate that the property does not meet conventional lending standards and needs substantial rehabilitation to be livable and functional as a modern home.
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 = 13193, living area = 1728.
Prime Location: Situated in a 'great' and 'centrally located area' of Victorville, offering convenience and potential for appreciation.
Generous Lot Size: An expansive 13,193 sq ft lot provides ample outdoor space and significant parking capacity.
Favorable Zoning: Zoned R1, allowing for clear residential use and potential for future development or expansion within current regulations.
Spacious Interior Layout: Features a generous 1,728 sq ft of versatile living space, including a desirable large great room.
High Investment Potential: Positioned as a 'blank canvas' with 'endless possibilities' and a significantly reduced list price from its last sale, it offers substantial upside for renovation and value addition.
Cons
Limited Financing Options: Restricted to 'CASH OR Private Financing only,' which drastically narrows the potential buyer pool and suggests the property may not meet conventional lending standards.
Significant Renovation Required: Described as a 'blank canvas' and listed at a price considerably lower than its last sale, indicating the property is in need of substantial repairs, updates, or a complete renovation.
Property Age & Condition: Built in 1970, the property is over 50 years old, likely requiring updates to systems and finishes, contributing to the need for extensive renovation.