224 Covelo Avenue, Landers, California 92285, Landers, 92285 - 2 bed, 1 bath
ACTIVE$224,900
224 Covelo Avenue, Landers, California 92285
2Beds
1Bath
900Sqft
98,445.602Lot
Price Vs. Estimate
The estimated value ($157,452.785) is $67,447.215 (39%) lower than the list price ($224,900). 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 = 98445, living area = 900.
Top Cons:
Compact Interior Space: With only 900 sqft, 2 bedrooms, and 1 bathroom, the interior living space is quite small, which may limit its appeal to larger families or those requiring more room.
Compared to the nearby listings
Price:$224.9K vs avg $275.0K ($-50,100)40%
Size:900 sqft vs avg 1,200 sqft36%
Price/sqft:$250 vs avg $24352%
More Insights
Built in 1966 (59 years old).
Condition: The property was built in 1966, making it nearly 60 years old. While it benefits from a 'newer roof,' which is a positive update, there is no information or imagery provided for the interior, especially the kitchen and bathrooms. Given the age of the home and the general exterior appearance, it's highly probable that these critical areas, along with other systems and finishes, are original or have undergone very dated renovations. The MLS analysis itself highlights the 'age of property' as a weakness, suggesting outdated systems and finishes. The home is likely functional and maintained but requires significant cosmetic and potential system updates to align with current standards and buyer expectations.
Year Built
1966
Close
-
List price
$225K
Original List price
$270K
Price/Sqft
$250
HOA
-
Days on market
-
Sold On
-
MLS number
SR25224366
Home ConditionFair
Features
Good View: Desert
ViewDesert
About this home
Nice 2 bedroom family home on over 2 acres. Newer Roof. Great Price!
Condition Rating
Fair
The property was built in 1966, making it nearly 60 years old. While it benefits from a 'newer roof,' which is a positive update, there is no information or imagery provided for the interior, especially the kitchen and bathrooms. Given the age of the home and the general exterior appearance, it's highly probable that these critical areas, along with other systems and finishes, are original or have undergone very dated renovations. The MLS analysis itself highlights the 'age of property' as a weakness, suggesting outdated systems and finishes. The home is likely functional and maintained but requires significant cosmetic and potential system updates to align with current standards and buyer expectations.
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 = 98445, living area = 900.
Expansive Lot Size: The property boasts a substantial lot size of over 2 acres (98,445.6 sqft), offering significant privacy, outdoor potential, and room for expansion.
Significant Price Reduction: The list price has seen substantial reductions from $269,900 to $224,900, indicating a motivated seller and potentially a strong value proposition for buyers.
Newer Roof: The presence of a newer roof is a significant advantage, reducing immediate maintenance concerns and capital expenditure for a major structural component.
Desert Views: The property offers desirable desert views, appealing to buyers seeking a tranquil environment and specific aesthetic.
Affordable Entry Point: At $224,900, this single-family home with a large lot presents a relatively affordable entry point into homeownership in the Landers area.
Cons
Compact Interior Space: With only 900 sqft, 2 bedrooms, and 1 bathroom, the interior living space is quite small, which may limit its appeal to larger families or those requiring more room.
Age of Property: Built in 1966, the home is older, suggesting potential for outdated systems, finishes, or the need for further renovations beyond the recently updated roof.
Valuation Discrepancy: The current list price of $224,900 is significantly higher than the estimated property value of $157,452.785, which could raise concerns for buyers regarding market value and financing.