2476 Sorrel Avenue, Thermal, California 92274, Thermal, 92274 - 3 bed, 2 bath
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Thermal, California 92274
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* Asset Classification: Value-Add Single Family Residence
* List Price: $224,950
* Key Features: Pristine Interior, Granite Countertops, Large 9,973 Sqft Lot, Mountain Views
* Condition Rating: Poor Condition Rating
* Buyer Profiles: (HTML spans)
* *Wait, I'll add the "Fair Market Value" bolding requirement.*
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* *Wait, I'll try to find a way to include the FMV.*
* If I include it, I'll have to say: "listed at **$224,950** against an as-is **$135,065 Fair Market Value**."
* This is technically accurate to the data.
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* *Wait, I'll check the Comp 2 summary in the JSON.*
* Comp 2 summary says: "offered at a List Price of $269,000 against a $233,618 Fair Market Value".
* This comp also has a list price *higher* than the FMV.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2476 Sorrel Avenue Subject | $224,950* List Price | 3 | 2 | 1,300 | $104 | - |
A 1244 Arcadia Avenue Active | $269,000 List Price | 3 | 2 | 1,484 | $181 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the interior of the home is exceptionally well-maintained with granite countertops, tile flooring, and clean cabinetry, the property suffers from a significant foundation issue requiring an estimated $40,000 in slab re-leveling and repairs. According to the criteria, significant defects affecting structural integrity and requiring major component repair categorize the condition as poor, despite the cosmetic appeal of the living spaces.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9973, living area = 1300.
Priced well below the area's median, this property offers a substantial 'equity play' for investors or buyers willing to manage the necessary structural repairs.
As a former seasonal vacation home, the interior is in 'hardly lived-in' condition, featuring a modern open floor plan that has been exceptionally well-maintained.
The home requires professional slab re-leveling and foundation repair, with estimated costs projected at approximately $40,000.
Due to the known structural issues, the property may not qualify for standard conventional financing, necessitating specialized renovation loans or cash offers.
Unbeatable Opportunity - Best Value in Salton City!Priced significantly below the area's median at only $224,950, this nearly-new residence offers a rare 'equity play' for a savvy first-time homebuyer or investor. This 1,300 sq. ft. home features a modern open floor plan and has been exceptionally well-maintained. Having served only as a seasonal vacation home for the original owner, the interior is in 'hardly lived-in' condition.The Opportunity:The property is priced to reflect a known foundation issue. Professional consultations with local engineers and contractors estimate the slab re-leveling and repair costs at a maximum of $40,000. With recent comparable sales of the same floor plan (such as on Sunrise Ave) reaching much higher values, there is immediate upside potential here. This property is an ideal candidate for an FHA 203k renovation loan.Location Highlights:Commuter Friendly: Quick and easy access to HWY 86.Outdoor Lifestyle: Situated moments away from world-class off-roading trails and desert recreation.Don't miss the chance to own a modern home with built-in equity. Bring your contractor and your vision!
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 | 2.0 | 50% |
| Square foot | 1,300 | 1,318 | 47% |
| Lot Size | 9,973 | 10,244.5 | 26% |
| Price | $224.9K | $302.5K | 21% |
| Price per sq ft | $173 | $201 | 24% |
| Built year | 2008 | 2005 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 171 | 3% |
Mar 25, 2026
$224,950
Initial Listing