17560 Santa Ana Avenue, Bloomington, California 92316, Bloomington, 92316 - 2 bed, 2 bath
ACTIVE$2,950,000
17560 Santa Ana Avenue, Bloomington, California 92316
2Beds
2Baths
1,560Sqft
60,984Lot
Price Vs. Estimate
The estimated value ($2,950,000) is $0 (0%) lower than the list price ($2,950,000). This property may be overpriced.
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 = 60984, living area = 1560.
Top Cons:
High List Price for Residential Use: The $2.95 million price point is substantial, particularly when considering the existing 2-bed, 2-bath, 1560 sqft residential structure, which may deter traditional home buyers.
Compared to the nearby listings
Price:$2.95M vs avg $545.0K (+$2,405,000)98%
Size:1,560 sqft vs avg 1,372 sqft69%
Price/sqft:$1.9K vs avg $41398%
More Insights
Built in 1932 (93 years old).
Condition: The property was built in 1932, making it over 90 years old, and there is no indication of any major renovations in the listing description or images. The listing explicitly markets the property as an 'Excellent Development or Investment Opportunity' with the value primarily in the 1.4-acre lot and its zoning for potential warehouse or industrial development. The property analysis also notes the 'Age and Condition of Existing Structure' and states it 'may require significant renovation or demolition.' The images provided show an older exterior with no modern updates visible. Given the age, lack of renovation, and the property's primary value being in the land for redevelopment, the existing structure is considered a tear-down.
Year Built
1932
Close
-
List price
$2.95M
Original List price
$2.95M
Price/Sqft
$1,891
HOA
-
Days on market
-
Sold On
-
MLS number
CV25033096
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Excellent Development or Investment Opportunity in Prime Bloomington Location! Great opportunity to own a 1.4-acre property in a high-demand area of Bloomington. This versatile lot is ideal for developers, investors, builders, and horse enthusiasts, offering significant potential for future growth and expansion.The property includes a 2-bedroom, 1.5-bathroom home and is zoned BL/RS-1-AA, allowing for potential warehouse or industrial development. With multiple concrete tilt-up warehouse projects already in progress nearby, this property is perfectly positioned for expansion.This prime location offers easy access to major freeways and transportation routes, making it a highly desirable investment. Whether you’re looking to develop, build, or invest, this property provides exceptional opportunities in a rapidly growing market. Don’t miss out and call me today!
Condition Rating
Tear down
The property was built in 1932, making it over 90 years old, and there is no indication of any major renovations in the listing description or images. The listing explicitly markets the property as an 'Excellent Development or Investment Opportunity' with the value primarily in the 1.4-acre lot and its zoning for potential warehouse or industrial development. The property analysis also notes the 'Age and Condition of Existing Structure' and states it 'may require significant renovation or demolition.' The images provided show an older exterior with no modern updates visible. Given the age, lack of renovation, and the property's primary value being in the land for redevelopment, the existing structure is considered a tear-down.
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 = 60984, living area = 1560.
Exceptional Development Potential: Zoned BL/RS-1-AA, the property is explicitly marketed for potential warehouse or industrial development, supported by ongoing projects nearby, indicating high future value.
Expansive 1.4-Acre Lot: A substantial 60,984 sqft lot provides significant space for large-scale development, expansion, or specialized uses like equestrian facilities.
Strategic Location & Accessibility: Situated in a prime Bloomington location with easy access to major freeways and transportation routes, enhancing its appeal for commercial or industrial ventures.
High-Demand & Growing Market: Positioned in a rapidly growing area with high demand, indicating strong potential for future appreciation and investment returns.
Versatile Investment Opportunity: Appeals to a broad range of high-value buyers including developers, investors, builders, and horse enthusiasts, maximizing its market reach.
Cons
High List Price for Residential Use: The $2.95 million price point is substantial, particularly when considering the existing 2-bed, 2-bath, 1560 sqft residential structure, which may deter traditional home buyers.
Age and Condition of Existing Structure: Built in 1932, the current residence is likely outdated and may require significant renovation or demolition, adding considerable cost and effort for any development project.
Niche Buyer Market: While offering versatile potential, the property's primary value lies in its development opportunity, narrowing the target audience to specialized investors and developers rather than general residential buyers.