16754 Merrill Street, Victorville, California 92395, Victorville, 92395 - 3 bed, 1 bath
ACTIVE$295,000
16754 Merrill Street, Victorville, California 92395
3Beds
1Bath
1,049Sqft
5,400Lot
Price Vs. Estimate
The estimated value ($227,515.89) is $67,484.11 (22%) lower than the list price ($295,000). This property may be overpriced.
Key pros and cons
Top Pros:
Strong Investment Potential: Explicitly marketed as a 'great investment 1031 investment opportunity' with the added benefit of being available for purchase as part of a multi-property package, highly appealing to investors.
Top Cons:
Outdated Condition & Age: Built in 1938, the property's age suggests a high likelihood of requiring significant modernization, updates, and potential deferred maintenance to meet current market expectations, especially compared to recently renovated comparables.
Compared to the nearby listings
Price:$295.0K vs avg $420.0K ($-124,975)8%
Size:1,049 sqft vs avg 1,661.5 sqft8%
Price/sqft:$281 vs avg $25176%
More Insights
Built in 1938 (87 years old).
Condition: Built in 1938, this property is 86 years old with no mention of significant recent renovations. The exterior images show a very dated appearance, including a visible window air conditioning unit, indicating an outdated cooling system. The listing details a 3-bedroom, 1-bathroom configuration, which is a significant functional limitation for modern living. The property analysis explicitly highlights 'Outdated Condition & Age' and the need for 'significant modernization, updates, and potential deferred maintenance.' While not appearing structurally unsound for demolition, it clearly requires substantial repairs and rehabilitation to meet contemporary standards and would be very uncomfortable in its current state.
Year Built
1938
Close
-
List price
$295K
Original List price
$295K
Price/Sqft
$281
HOA
-
Days on market
-
Sold On
-
MLS number
OC25109194
Home ConditionPoor
Features
View-
About this home
Merrill Street is a 3 bed / 1 bath home with 1,049 SF of living space on a 5,400 SF lot. 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.
Condition Rating
Poor
Built in 1938, this property is 86 years old with no mention of significant recent renovations. The exterior images show a very dated appearance, including a visible window air conditioning unit, indicating an outdated cooling system. The listing details a 3-bedroom, 1-bathroom configuration, which is a significant functional limitation for modern living. The property analysis explicitly highlights 'Outdated Condition & Age' and the need for 'significant modernization, updates, and potential deferred maintenance.' While not appearing structurally unsound for demolition, it clearly requires substantial repairs and rehabilitation to meet contemporary standards and would be very uncomfortable in its current state.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'great investment 1031 investment opportunity' with the added benefit of being available for purchase as part of a multi-property package, highly appealing to investors.
Prime Location & Accessibility: Strategically located 'freeway close' and in proximity to major retail centers (Costco, Home Depot, Food 4 Less) and Victor Valley Hospital, offering significant convenience.
Beneficiary of Regional Economic Growth: Situated in the growing High Desert region, poised to benefit from thousands of new jobs generated by projects like the Barstow International Gateway and Brightline High Speed rail.
Flexible Acquisition Strategy: The seller offers multiple properties, providing investors with the unique option to acquire a single unit or a package of homes, facilitating portfolio expansion.
Downtown Victorville Appeal: Located in downtown Victorville, which can offer walkability and access to local services, potentially enhancing its rental or resale appeal.
Cons
Outdated Condition & Age: Built in 1938, the property's age suggests a high likelihood of requiring significant modernization, updates, and potential deferred maintenance to meet current market expectations, especially compared to recently renovated comparables.
Limited Bathroom Configuration: With only one bathroom for three bedrooms, the property presents a functional limitation that may deter families or multiple occupants, impacting its broad market appeal.
Overpriced Relative to Market Value: The current list price of $295,000 is substantially higher than the estimated property value of $227,515.89, indicating a potential overvaluation that could hinder buyer interest and necessitate price adjustments.