207 N Raymond Avenue, Fullerton, California 92831, Fullerton, 92831 - 3 bed, 2 bath
ACTIVE$815,500
207 N Raymond Avenue, Fullerton, California 92831
3Beds
2Baths
1,080Sqft
9,936Lot
Year Built
1955
Close
-
List price
$816K
Original List price
$816K
Price/Sqft
$755
HOA
-
Days on market
-
Sold On
-
MLS number
IV25103384
Home ConditionPoor
Features
Patio
View-
About this home
Possibly Over-Priced:The estimated price is 20% below the list price. We found 3 Cons,6 Pros. Rank: price - $815.5K(8th), sqft - 1080(3th), beds - 3(50th), baths - 2(50th).
Large corner lot property with lots of space! Home has a back house with a bedroom, large living room, kitchen and bathroom as well! Live in one and rent out the other!
Condition Rating
Poor
Built in 1955, the property features a kitchen and bathrooms that are significantly outdated, likely original or renovated over 50 years ago. The kitchen has dated cabinets, countertops, sink, and older appliances, while the bathroom displays vintage tile work and fixtures. While some areas have newer laminate flooring, the critical areas require substantial rehabilitation to meet current quality standards and comfort, pushing it beyond 'Fair' condition.
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 = 9936, living area = 1080.
Income-Generating Potential: The property features a separate back house complete with a bedroom, living room, kitchen, and bathroom, offering significant potential for rental income or multi-generational living arrangements.
Large Corner Lot: Positioned on a spacious 9,936 sqft corner lot, providing ample outdoor space, increased privacy, and potential for future landscaping or expansion.
Desirable Location: Located in Fullerton, California, a well-regarded city known for its community amenities and within the reputable Fullerton Joint Union High School District.
Versatile Living Arrangement: The dual-unit setup offers exceptional flexibility for owners, accommodating various needs such as guest quarters, a dedicated home office, or extended family living.
Investment Opportunity: The combination of a large lot and a separate income-generating unit makes this property an attractive investment for those seeking rental returns or a way to offset housing costs.
Cons
Significant Valuation Discrepancy: The listing price of $815,500 is notably higher than the estimated property value of $645,290.08, suggesting a potential overpricing of approximately 20% which could impact market appeal.
Age of Property: Built in 1955, the main residence is an older home, which may necessitate updates to major systems (e.g., plumbing, electrical, HVAC) and general cosmetic renovations not specified in the description.
Modest Main House Square Footage: The main house offers 1080 sqft of living space, which might be considered modest for a 3-bedroom home, potentially limiting appeal for buyers desiring more expansive primary living areas.