2695 Madison Street, San Bernardino, California 92407, San Bernardino, 92407 - 3 bed, 1 bath
ACTIVE$620,000
2695 Madison Street, San Bernardino, California 92407
3Beds
1Bath
969Sqft
8,970Lot
Price Vs. Estimate
The estimated value ($318,131.225) is $301,868.775 (48%) lower than the list price ($620,000). 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 = 8970, living area = 969.
Top Cons:
Significant Overpricing: The listing price of $620,000 is substantially above the estimated property value ($318,131) and recent comparable sales (ranging from $435,000 to $485,000), indicating a major pricing discrepancy that could deter potential buyers.
Compared to the nearby listings
Price:$620.0K vs avg $595.0K (+$25,000)59%
Size:969 sqft vs avg 1,793 sqft4%
Price/sqft:$640 vs avg $32499%
More Insights
Built in 1954 (71 years old).
Condition: Despite being built in 1954, the property has undergone a 'complete remodel' as stated in the description, which is strongly supported by the images. The kitchen features modern white shaker cabinets, light countertops, a gray subway tile backsplash, and a stainless steel gas range. The bathrooms are also fully renovated with contemporary vanities, black fixtures, modern tiling (geometric and wood-look), and an LED backlit mirror in one. New wood-look tile flooring is present throughout the home, and walls have fresh paint. The overall aesthetic and quality of the finishes indicate a very recent and extensive renovation, likely within the last 5 years, bringing the property to a virtually new condition meeting current quality standards.
Year Built
1954
Close
-
List price
$620K
Original List price
$620K
Price/Sqft
$640
HOA
-
Days on market
-
Sold On
-
MLS number
CV25062885
Home ConditionExcellent
Features
Patio
View-
About this home
Beautiful single-family residence. Per legal description the main house features 3 bedrooms, 1 bathroom, and encompasses 969 square feet of living space on an 8,970 square foot lot. However the property has a lot more to offer!!!! Agents see private remarks. The home underwent a complete remodel, which included new tile flooring throughout, updated kitchen cabinets and countertops, a renovated bathroom, and fresh paint both inside and out. The property boasts a spacious patio, large citrus trees, and well-maintained landscaping with hedges lining the perimeter. It also offers a large 2-car carport with additional workspace, a paved driveway with a rolling security gate, and ample yard space suitable for potential additions. Property provides privacy to enjoy family gatherings and a safe environment.
Condition Rating
Excellent
Despite being built in 1954, the property has undergone a 'complete remodel' as stated in the description, which is strongly supported by the images. The kitchen features modern white shaker cabinets, light countertops, a gray subway tile backsplash, and a stainless steel gas range. The bathrooms are also fully renovated with contemporary vanities, black fixtures, modern tiling (geometric and wood-look), and an LED backlit mirror in one. New wood-look tile flooring is present throughout the home, and walls have fresh paint. The overall aesthetic and quality of the finishes indicate a very recent and extensive renovation, likely within the last 5 years, bringing the property to a virtually new condition meeting current quality standards.
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 = 8970, living area = 969.
Extensive Recent Remodel: The property has undergone a complete remodel, including new tile flooring, updated kitchen cabinets and countertops, a renovated bathroom, and fresh paint both inside and out, offering a modern and move-in ready interior.
Generous & Private Lot: Boasting an 8,970 square foot lot with a spacious patio, large citrus trees, and well-maintained landscaping with perimeter hedges, the property offers significant outdoor space, privacy, and a safe environment.
Enhanced Parking & Security: The property includes a large 2-car carport with additional workspace, a paved driveway, and a rolling security gate, providing secure and ample parking options.
Potential for Expansion: The ample yard space is explicitly noted as suitable for potential additions, offering future opportunities for expanding the living area or adding an Accessory Dwelling Unit (ADU).
Turnkey Condition: Due to the comprehensive recent remodel, the home is in excellent, updated condition, minimizing immediate repair or renovation needs for a new owner.
Cons
Significant Overpricing: The listing price of $620,000 is substantially above the estimated property value ($318,131) and recent comparable sales (ranging from $435,000 to $485,000), indicating a major pricing discrepancy that could deter potential buyers.
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which can be a significant functional limitation and less desirable for families or multiple occupants compared to many competing properties in the area.
Small Living Space for Price: With 969 square feet of living space, the interior is relatively compact, especially when considering the ambitious asking price, potentially making it less competitive against larger or similarly sized homes with more amenities sold at lower price points.