1840 N Arrowhead Avenue, San Bernardino, California 92405, San Bernardino, 92405 - 4 bed, 2 bath
ACTIVE$525,000
1840 N Arrowhead Avenue, San Bernardino, California 92405
4Beds
2Baths
1,970Sqft
8,500Lot
Price Vs. Estimate
The estimated value ($376,963.635) is $148,036.365 (28%) lower than the list price ($525,000). 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 = 8500, living area = 1970.
Top Cons:
Significant Valuation Discrepancy: The current listing price of $525,000 is substantially higher than the estimated market value of $376,963, indicating potential overpricing relative to market comparables.
Compared to the nearby listings
Price:$525.0K vs avg $477.0K (+$48,000)75%
Size:1,970 sqft vs avg 1,246 sqft90%
Price/sqft:$266 vs avg $37113%
More Insights
Built in 1935 (90 years old).
Condition: The property, built in 1935, benefits from significant recent upgrades including new plumbing, new electrical, and new exterior paint, which are crucial for an older home's functionality and safety. While the kitchen and bathrooms are visibly dated in style, with older appliances (except for a newer fridge), cabinets, countertops, and tile work, they appear functional and well-maintained, allowing for immediate occupancy without urgent renovation. The home retains its historic Craftsman charm with hardwood floors and architectural details, and offers ADU potential, contributing to its overall 'good' condition despite the need for aesthetic updates in key areas.
Year Built
1935
Close
-
List price
$525K
Original List price
$550K
Price/Sqft
$266
HOA
-
Days on market
-
Sold On
-
MLS number
IV24205263
Home ConditionGood
Features
Good View: Mountain(s), Panoramic
Deck
ViewMountain(s), Panoramic
About this home
Very spacious 4 bedroom 2 bathroom home in a very quiet area of San Bernardino. 3 car Garage has permit for ADU. New plumbing, new electrical, new outside paint.Tile roof home, With Backyard alley access. Great opportunity. Detached garage could be converted to a second home .This is a 2-story gem that sits on a 8,500 Sqft lot in North San Bernardino. Come and see the beauty of a craftsman ship home. Inside you will notice the arched doorways, rounded ceilings, and charming moldings. The entry door leads to the foyer, the fireplace is in the family room. This home offers a separate dining room, spacious kitchen, nook, and laundry area. This home has a very desirable downstairs room and bath as well. Wrought iron staircase that leads up to two bedrooms, rooms withwalk-in closets, and a bathroom. One bedrooms has a large balcony. This is a must visit home .
Condition Rating
Good
The property, built in 1935, benefits from significant recent upgrades including new plumbing, new electrical, and new exterior paint, which are crucial for an older home's functionality and safety. While the kitchen and bathrooms are visibly dated in style, with older appliances (except for a newer fridge), cabinets, countertops, and tile work, they appear functional and well-maintained, allowing for immediate occupancy without urgent renovation. The home retains its historic Craftsman charm with hardwood floors and architectural details, and offers ADU potential, contributing to its overall 'good' condition despite the need for aesthetic updates in key areas.
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 = 8500, living area = 1970.
ADU Development Potential: The 3-car garage has a permit for an Accessory Dwelling Unit (ADU) conversion, offering significant income potential or flexible living arrangements.
Extensive Recent Upgrades: Major systems like plumbing and electrical have been recently updated, along with new exterior paint, reducing immediate maintenance concerns for a buyer.
Historic Architectural Charm: The 1935 Craftsman home retains desirable original features such as arched doorways, rounded ceilings, and charming moldings, providing unique character.
Generous Lot Size with Alley Access: A spacious 8,500 sqft lot combined with backyard alley access offers versatility for parking, utility, and potential future expansion.
Panoramic Views & Outdoor Space: The property boasts panoramic mountain views and includes a large balcony off one of the upstairs bedrooms, enhancing lifestyle and appeal.
Cons
Significant Valuation Discrepancy: The current listing price of $525,000 is substantially higher than the estimated market value of $376,963, indicating potential overpricing relative to market comparables.
Age-Related Maintenance Considerations: Despite recent upgrades to plumbing and electrical, the 1935 construction year implies that other components or systems may still be original or require ongoing maintenance typical of older homes.
Limited Bathroom Count: For a 4-bedroom home of 1970 sqft, having only 2 bathrooms may be a drawback for larger households or those accustomed to a higher bathroom-to-bedroom ratio.