1814 Wallace Court, San Bernardino, California 92408, San Bernardino, 92408 - 2 bed, 1 bath
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1814 Wallace Court
San Bernardino, California 92408
ACTIVE UNDER CONTRACT
CONDITION: FAIR
2Beds
1Baths
1,148Sq Ft
10,370Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$421,002
6% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $421,003 Fair Market Value by -6%. While the property is priced slightly above current market estimates, the 10,370 sqft lot and Redlands Unified School District location provide significant long-term value. Featuring a Fair Condition Rating, the home offers a Development Potential for an ADU, making it a versatile Asset for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic expansion and modernization.
Estimated Market Value
$421,002
Based on Realkey algorithm analyzing recent comparable sales in San Bernardino.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1814 Wallace Court Subject | $450,000* List Price | 2 | 1 | 1,148 | $367 | - |
A 1575 S Tippecanoe Active | $450,000 List Price | 3 | 2 | 1,513 | $297 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1953, this 71-year-old home shows some cosmetic updates like newer laminate flooring, but remains dated overall. The reliance on window AC units indicates a lack of modern central HVAC systems, and the exterior carport shows signs of age and deferred maintenance. It is functional and livable but requires updates to the primary systems and kitchen/bath to meet modern standards.
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 = 10370, living area = 1148.
- Development Potential
The expansive 10,370 sqft gated lot offers rare dual-sided access and a significant footprint ideal for constructing an ADU to generate passive rental income.
- Exceptional Storage
Featuring both an attached carport and a spacious two-car detached garage, the property provides ample secure storage for RVs, watercraft, and outdoor equipment.
CONSRISKS & DEFICIENCIES
- Limited Living Accommodations
With only two bedrooms and a single bathroom, the home's layout may be restrictive for larger families or buyers seeking more modern living space.
- Vintage Infrastructure
Built in 1953, the home likely requires modernization and updates to its systems and finishes to meet contemporary buyer expectations and efficiency standards.
About 1814 Wallace Court
Potential & Huge Gated Lot! Discovered this beautifully situated 1148 square-foot home featuring two comfortable bedrooms, office storage room, inside laundry, and one bathroom. Nestled on an expansive, fully gated lot. This property offers rare dual sided backyard access and attached carport and a spacious two car detached garage. Perfect for storing outdoor toys, RV or watercraft. The massive lot also provides the ideal footprint to build on ADU for passive rental income or a guest suite. Don’t miss this versatile gem!! Redlands school district! Professional photos coming soon
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 10,370 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,148 | 1,336.28 |
| Lot Size | 10,370 | 7,410.822 |
| Price | $450.0K | $519.7K |
| Price per sq ft | $392 | $377 |
| Built year | 1953 | 1955 |
| HOA | $0 | $121 |
| Days on market | 20 | 61 |
Pricing History
Listed for Sale
Aug 20, 2026
$450,000
Initial Listing
Sold
Oct 6, 2000
$95,000
Public Record