2024 N Lugo Avenue, San Bernardino, California 92404, San Bernardino, 92404 - 4 bed, 1 bath
ACTIVE UNDER CONTRACT$395,000
2024 N Lugo Avenue, San Bernardino, California 92404
4Beds
1Bath
1,181Sqft
7,008Lot
Price Vs. Estimate
The estimated value ($395,000) is $0 (0%) lower than the list price ($395,000). 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 = 7008, living area = 1181.
Top Cons:
Limited Bathroom Count: With only one bathroom for four bedrooms, this could be a significant functional limitation for multiple occupants.
Compared to the nearby listings
Price:$395.0K vs avg $505.0K ($-110,000)9%
Size:1,181 sqft vs avg 1,370 sqft29%
Price/sqft:$334 vs avg $36134%
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this property shows signs of age but has received some functional updates. The bathroom appears to have been renovated within the last 10-15 years with modern tile and vanity, and the 'wood-style vinyl flooring' throughout is a recent update. However, the light fixtures are basic and dated, the exterior and landscaping show deferred maintenance, and the kitchen's condition is not fully visible but the description of a 'breakfast nook with built-in bench seating' suggests it may not be a fully modern renovation. Given the property's age, major systems (electrical, plumbing, HVAC) are likely original or very old, requiring potential future updates. It is livable and maintained, but requires minor updates and repairs to bring it to a more contemporary standard.
Year Built
1940
Close
-
List price
$395K
Original List price
$425K
Price/Sqft
$334
HOA
-
Days on market
-
Sold On
-
MLS number
PW25195817
Home ConditionFair
Features
View-
About this home
This charming Four-bedroom, one-bathroom home in San Bernardino offers a perfect blend of historic character and modern convenience. Built in 1940, the 1,181-square-foot home sits on a 7,008-square-foot lot, providing ample space for outdoor enjoyment. Step inside to find wood-style vinyl flooring throughout, creating a warm and inviting atmosphere. The living room features a fireplace, adding a cozy touch for cooler evenings. The kitchen boasts a breakfast nook with built-in bench seating, ideal for casual dining or morning coffee. The detached garage offers plenty of space and ADU potential. The backyard is perfect for growing fruit trees and making it truly your own. This home offers plenty of space to host family events and gatherings. Located in a well-established neighborhood, this property is close to local amenities, parks, and schools.
Condition Rating
Fair
Built in 1940, this property shows signs of age but has received some functional updates. The bathroom appears to have been renovated within the last 10-15 years with modern tile and vanity, and the 'wood-style vinyl flooring' throughout is a recent update. However, the light fixtures are basic and dated, the exterior and landscaping show deferred maintenance, and the kitchen's condition is not fully visible but the description of a 'breakfast nook with built-in bench seating' suggests it may not be a fully modern renovation. Given the property's age, major systems (electrical, plumbing, HVAC) are likely original or very old, requiring potential future updates. It is livable and maintained, but requires minor updates and repairs to bring it to a more contemporary standard.
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 = 7008, living area = 1181.
ADU Potential: The detached garage offers significant potential for conversion into an Accessory Dwelling Unit (ADU), enhancing property value and income opportunities.
Generous Lot Size: A 7,008 sqft lot provides ample outdoor space for recreation, gardening, or future expansion possibilities.
Four Bedrooms: The property features four bedrooms, accommodating larger families or providing flexibility for home offices and guest rooms.
Charming Interior Features: Boasts wood-style vinyl flooring throughout, a cozy fireplace, and a kitchen breakfast nook with built-in seating, adding character and comfort.
Established Neighborhood: Located in a well-established area with convenient access to local amenities, parks, and schools, appealing to families.
Cons
Limited Bathroom Count: With only one bathroom for four bedrooms, this could be a significant functional limitation for multiple occupants.
Property Age: Built in 1940, the home may require updates to major systems (e.g., plumbing, electrical, HVAC) or ongoing maintenance typical of older properties.
Recent Price Reduction: The property has undergone a recent price reduction, which may indicate initial overpricing or challenges in attracting buyer interest at the previous price point.