28986 Merris Street, Highland, California 92346, Highland, 92346 - 1 bed, 1 bath
ACTIVE$300,000
28986 Merris Street, Highland, California 92346
1Bed
1Bath
564Sqft
7,988Lot
Price Vs. Estimate
The estimated value ($272,702.825) is $27,297.175 (9%) lower than the list price ($300,000). 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 = 7988, living area = 564.
Top Cons:
As-Is Condition: The property is explicitly sold 'as-is' with no repairs to be done by the seller, indicating potential for significant immediate investment in renovations or repairs.
Compared to the nearby listings
Price:$300.0K vs avg $585.0K ($-285,000)1%
Size:564 sqft vs avg 1,806 sqft1%
Price/sqft:$532 vs avg $31698%
More Insights
Built in 1935 (90 years old).
Condition: Built in 1935, this property's exterior shows severe dilapidation with extensive peeling paint, weathered wood, and an unkempt, overgrown yard. The listing explicitly states 'NO REPAIRS WILL BE DONE. BUYER TO DO THERE OWN DUE DILIGENCE...' and markets it as an 'EXCELLENT INVESTMENT PROPERTY WITH LOTS OF SPACE TO EXPAND AND/OR REBUILT.' The complete absence of interior photos, coupled with the 'as-is' sale and the suggestion to 'rebuilt,' strongly indicates that the interior is in an unlivable state, likely with outdated systems, significant deferred maintenance, and potential structural issues. The property's value appears to be solely in the land and its potential for redevelopment, making demolition the most probable and practical course of action.
Year Built
1935
Close
-
List price
$300K
Original List price
$350K
Price/Sqft
$532
HOA
-
Days on market
-
Sold On
-
MLS number
CV25152260
Home ConditionTear down
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
JUST REDUCED...EXCELLENT INVESTMENT PROPERTY WITH LOTS OF SPACE TO EXPAND AND/OR REBUILT. LOCATED IN AN AREA OF HIGHLAND THAT HAS A MOUNTAIN VIEW RANGE. CLOSE ACCESS TO FREEWAY, MARKETS, SHOPPING AND LOCAL RESTAURANTS AND ENTERTAINMENT. NO REPAIRS WILL BE DONE. BUYER TO DO THERE OWN DUE DILIGENCE...
Condition Rating
Tear down
Built in 1935, this property's exterior shows severe dilapidation with extensive peeling paint, weathered wood, and an unkempt, overgrown yard. The listing explicitly states 'NO REPAIRS WILL BE DONE. BUYER TO DO THERE OWN DUE DILIGENCE...' and markets it as an 'EXCELLENT INVESTMENT PROPERTY WITH LOTS OF SPACE TO EXPAND AND/OR REBUILT.' The complete absence of interior photos, coupled with the 'as-is' sale and the suggestion to 'rebuilt,' strongly indicates that the interior is in an unlivable state, likely with outdated systems, significant deferred maintenance, and potential structural issues. The property's value appears to be solely in the land and its potential for redevelopment, making demolition the most probable and practical course of action.
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 = 7988, living area = 564.
Investment Potential: Explicitly marketed as an 'EXCELLENT INVESTMENT PROPERTY' with significant potential for expansion or rebuilding, appealing to investors and developers.
Development Opportunity: A generous 7,988 sqft lot provides ample space for future expansion, renovation, or complete redevelopment, maximizing its long-term value.
Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and offering a serene living environment.
Convenient Location: Strategically located with close access to freeways, markets, shopping, and local entertainment, offering convenience for daily living.
Recent Price Reduction: The list price has been recently reduced from $350,000 to $300,000, presenting a more attractive entry point for potential buyers.
Cons
As-Is Condition: The property is explicitly sold 'as-is' with no repairs to be done by the seller, indicating potential for significant immediate investment in renovations or repairs.
Limited Living Space: With only 1 bedroom, 1 bathroom, and 564 sqft, the current living space is very compact, which may not suit all buyer needs without substantial expansion.
Age of Property: Built in 1935, the property is quite old, suggesting potential for outdated systems, deferred maintenance, and a need for comprehensive modernization.