16322 Midway Street, Victorville, California 92395, Victorville, 92395 - 3 bed, 2 bath
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Victorville, California 92395
This Value-Add Residential Asset is listed at $335,000, reflecting a firm pricing strategy aligned with a recent $350,000 professional appraisal despite a $290,224 Fair Market Value estimate. The property carries a Poor Condition Rating, signaling a clear need for cosmetic updates and structural due diligence following historical roof repairs. However, the expansive 13,500 sqft lot and open Desert View provide a significant footprint for future appreciation or expansion. Situated in the Victor Valley Unified district, this probate sale represents a strategic entry point for Buy-and-Hold Investors or first-time buyers ready to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16322 Midway Street Subject | $335,000* List Price | 3 | 2 | 1,248 | $233 | - |
A 15212 Las Piedras Drive Sold | $330,000 | 4 | 2 | 1,222 | $270 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962, this property is over 60 years old and shows significant signs of deferred maintenance and outdated features. The kitchen and bathrooms appear to be original or last renovated 30-50+ years ago, featuring very old appliances (built-in cooktop), worn laminate countertops, dated cabinetry, and older tile/fiberglass surrounds. Visible water stains on the ceiling indicate past roof issues, and carpets are worn and stained. The property requires substantial repairs and rehabilitation to bring it to modern standards, aligning with a 'poor' condition rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13500, living area = 1248.
Explicitly marketed towards first-time homebuyers and investors, suggesting an accessible price point and opportunity for value addition through renovation.
The property has an existing appraisal for $350,000, indicating potential immediate equity for a buyer at the current list price of $335,000.
The requirement to submit an offer contingent upon viewing, with viewing only occurring if the offer is selected, creates a significant barrier and uncertainty for potential buyers.
As a probate sale, the process can be lengthy, and the stated minimum sale price of $320,000 (with a target near $350,000) limits negotiation flexibility, especially for a property needing updates.
The property 'could use a little updating and TLC' and had a 'roof leaked previously' (though repaired), indicating potential for immediate and future repair costs and a need for thorough due diligence.
.This property must sell for close to listed price. It is a reverse mortgage and they have an appraisal for $350,000. Calling First Time Homebuyers and investors. Cute 3 bedroom 2 bath house that could use a little updating and TLC but it is livable as it is. The roof leaked previously but has been repaired per the occupant. This is a probate sale so submit offers. This property cannot sell for less than $350,000. Probate companies do not accept less than what is owed on the property. Please see the pictures, they tell the story of the property. Make your offer contingent upon viewing. If your offer is selected we will view the property at that time. Thank you. All information deemed reliable but not guaranteed, buyers and buyers agent to verify all info
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,248 | 1,629 | 16% |
| Lot Size | 13,500 | 8,067.31 | 82% |
| Price | $335.0K | $410.0K | 13% |
| Price per sq ft | $268 | $254 | 64% |
| Built year | 1962 | 1987 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 762 | 187 | 0% |
Mar 21, 2024
$335,000
Initial Listing