27888 Rainbow Lane, Highland, California 92346, Highland, 92346 - 3 bed, 2 bath
ACTIVE$575,000
27888 Rainbow Lane, Highland, California 92346
3Beds
2Baths
1,296Sqft
7,200Lot
Price Vs. Estimate
The estimated value ($429,935.82) is $145,064.18 (25%) lower than the list price ($575,000). 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 = 7200, living area = 1296.
Top Cons:
Absence of View: The property explicitly states 'view:None,' which can be a significant drawback, especially in a region where scenic views often add considerable value.
Compared to the nearby listings
Price:$575.0K vs avg $585.0K ($-10,000)47%
Size:1,296 sqft vs avg 1,806 sqft15%
Price/sqft:$444 vs avg $31693%
More Insights
Built in 1980 (45 years old).
Condition: Built in 1980, this property is 44 years old and shows clear signs of age, as indicated by the 'Age-Related Modernization' weakness in the property analysis. The description 'Great potential, must see' often implies the need for significant updates. Without interior photos, especially of the kitchen and bathrooms, and given the age, it's highly probable these key areas are original or very dated, requiring substantial repairs and rehabilitation to meet contemporary standards. The exterior also appears un-updated, with minimal landscaping. This aligns with the 'Poor' condition criteria, suggesting the property requires extensive work beyond minor updates.
Year Built
1980
Close
-
List price
$575K
Original List price
$575K
Price/Sqft
$444
HOA
-
Days on market
-
Sold On
-
MLS number
CV25215977
Home ConditionPoor
Features
View-
About this home
Great potential, must see.
Condition Rating
Poor
Built in 1980, this property is 44 years old and shows clear signs of age, as indicated by the 'Age-Related Modernization' weakness in the property analysis. The description 'Great potential, must see' often implies the need for significant updates. Without interior photos, especially of the kitchen and bathrooms, and given the age, it's highly probable these key areas are original or very dated, requiring substantial repairs and rehabilitation to meet contemporary standards. The exterior also appears un-updated, with minimal landscaping. This aligns with the 'Poor' condition criteria, suggesting the property requires extensive work beyond minor updates.
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 = 7200, living area = 1296.
Property Type & Configuration: A Single Family Residence with 3 bedrooms and 2 bathrooms offers a highly desirable and functional layout for families.
Generous Lot Size: The 7200 sqft lot provides ample outdoor space for landscaping, recreation, or potential future expansion, enhancing lifestyle possibilities.
Established Community: Built in 1980, the home is likely situated within a mature and stable neighborhood in Highland, offering a sense of community.
Value-Add Opportunity: The description 'Great potential, must see' suggests significant room for personalization, renovation, and building equity for a new owner.
School District: Located within the San Bernardino City Unified High School District, which is a key consideration for families with school-aged children.
Cons
Absence of View: The property explicitly states 'view:None,' which can be a significant drawback, especially in a region where scenic views often add considerable value.
Potential Overpricing: The listing price is 5% above the estimated property value, suggesting it may be priced aggressively relative to current market assessments.
Age-Related Modernization: Built in 1980, the property is over four decades old, likely requiring updates to interior finishes, systems, or overall aesthetics to meet contemporary buyer expectations.