227 Mulvihill, Redlands, California 92374, Redlands, 92374 - 3 bed, 2 bath
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Redlands, California 92374
This Functional North Redlands Starter Home is listed at $510,000, reflecting the price stability of the Redlands Unified school district relative to its $483,042 Fair Market Value. The property features a practical 3-bedroom, 2-bathroom layout with a Condition Rating of 4, offering a vintage 1954 infrastructure that is prime for modernization and forced appreciation. Situated just 1.6 miles from the University of Redlands, the location ensures consistent rental demand and long-term desirability. This residence is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a stable asset with significant value-add potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 227 Mulvihill Subject | $510,000* List Price | 3 | 2 | 1,422 | $340 | - |
A 1225 Alta Sold | $485,000 | 3 | 1 | 1,261 | $385 | 0.8 mi |
B 1144 Orange Sold | $549,900 | 3 | 2 | 1,454 | $378 | 0.9 mi |
C 1203 Ohio Street Sold | $475,000 | 2 | 1 | 1,354 | $351 | 0.9 mi |
D 1218 6th Street Sold | $492,000 | 3 | 2 | 1,304 | $377 | 0.8 mi |
E 1808 Cave Street Sold | $582,000 | 3 | 3 | 1,569 | $371 | 0.1 mi |
F 638 E Pioneer Avenue Sold | $445,000 | 3 | 1 | 1,044 | $426 | 0.3 mi |
G 226 Hartzell Avenue Active | $549,000 List Price | 3 | 2 | 1,569 | $350 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954, this home is functional but dated. While it features recent cosmetic improvements like luxury vinyl plank flooring and newer stainless steel appliances, the core elements—including painted original cabinetry, ceiling tiles, and an older evaporative cooling system—indicate the property is over 20 years old without a full systems or kitchen/bath renovation.
Located just 1.6 miles from the University of Redlands, this property offers excellent potential for faculty, staff, or as a high-demand rental investment opportunity.
With 3 bedrooms, 2 bathrooms, and nearly 1,500 square feet of living space, the home provides a spacious and practical floor plan ideal for first-time homebuyers.
Situated in a quiet and peaceful North Redlands community, the property benefits from a well-established residential atmosphere and a manageable 6,000 square foot lot.
Built in 1954, the home may require significant updates to its original systems and interior finishes to meet modern energy efficiency and design standards.
The property listing indicates no specific views, which may be a drawback for buyers seeking the aesthetic value often associated with the Redlands landscape.
Welcome to your new home!!! Home offers 3 Bedroom, 2 Bathroom home in well established North Redlands neighborhood with nearly 1500 square feet of living space. Charming single story home nestled in the heart of Redlands. Great starter home in a quiet and peaceful neighborhood. The home is walking distance University of Redlands only 1.6 miles away. More pictures will be added soon.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,422 | 1,675 | 34% |
| Lot Size | 6,000 | 7,200 | 27% |
| Price | $510.0K | $620.0K | 17% |
| Price per sq ft | $359 | $364 | 48% |
| Built year | 1954 | 1986 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 192 | 1% |
Mar 22, 2026
$510,000
Initial Listing
Jun 19, 2019
$302,000
Public Record