16322 Midway Street, Victorville, California 92395, Victorville, 92395 - 3 bed, 2 bath
16322 Midway Street
Victorville, California 92395
Property Price
SUMMARY
Analysis of 16322 Midway Street, Victorville, California 92395 reveals a property with a current list price of $335,000, which is 18% above the estimated $272,593 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Victorville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
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 | $218 | - |
A 15107 Prado Court Sold | $347,000 | 4 | 2 | 1,212 | $286 | 0.9 mi |
B 16631 Joshua Street Sold | $325,000 | 3 | 2 | 1,577 | $206 | 0.9 mi |
C 16636 Joshua Street Sold | $325,000 | 3 | 1 | 1,350 | $241 | 0.9 mi |
D 16175 Molino Drive Sold | $370,000 | 3 | 2 | 1,417 | $261 | 0.2 mi |
E 13958 Burning Tree Rd Pending | $395,000 List Price | 3 | 2 | 1,256 | $314 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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Built in 1962, this property is over 60 years old and shows significant signs of deferred maintenance and outdated features.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.
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 = 13500, living area = 1248.
- Investment/First-Time Buyer Potential
Explicitly marketed towards first-time homebuyers and investors, suggesting an accessible price point and opportunity for value addition through renovation.
- Appraisal Value
The property has an existing appraisal for $350,000, indicating potential immediate equity for a buyer at the current list price of $335,000.
CONSRISKS & DEFICIENCIES
- Highly Restrictive Viewing Policy
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.
- Probate Sale & Firm Pricing
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.
- Condition & Deferred Maintenance
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.
About 16322 Midway Street
.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 sale for less than 320,000. 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
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 13,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,248 | 1,692.5 | 19% |
| Lot Size | 13,500 | 7,825 | 85% |
| Price | $335.0K | $415.0K | 17% |
| Price per sq ft | $268 | $249 | 67% |
| Built year | 1962 | 1987 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 716 | 191 | 0% |
Pricing History
Listed for Sale
Mar 21, 2024
$335,000
Initial Listing