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3068 W Fairmont Avenue, Fresno, California 93722, Fresno, 93722 - 3 bed, 2 bath

3068 W Fairmont Avenue, Fresno, California 93722 home-pic-0
ACTIVE$330,000$1,212/sqft
Est. Value: $216,222
-34%
AboveEstimate
3068 W Fairmont Avenue, Fresno, California 93722
3Beds
2Baths
1,212Sqft
6,000Lot

Price Vs. Estimate

The estimated value ($216,221.565) is $113,778.435 (34%) lower than the list price ($330,000). This property may be overpriced.

Key pros and cons

Top Pros:
Recent Major Update: A new roof was installed last year, providing peace of mind and reducing immediate maintenance concerns for the buyer.
Top Cons:
Renovation Required: The description highlights 'excellent renovation opportunities,' indicating that the property likely requires significant updates to its interior aesthetics and functionality to meet modern standards.

Compared to the nearby listings

Price:$330.0K vs avg $375.0K ($-45,000)17%
Size:1,212 sqft vs avg 1,557 sqft13%
Price/sqft:$272 vs avg $23075%

More Insights

Built in 1971 (55 years old).
Condition: Built in 1971, this property is over 50 years old. While it benefits from a new roof installed last year, the interior, particularly the kitchen and bathrooms, is significantly outdated and shows considerable wear. The kitchen features original-style wood cabinets, worn laminate countertops, and very dated patterned vinyl flooring, despite having some newer stainless steel appliances. Both bathrooms have dated fixtures, basic tiling, and show signs of age, with one featuring a less desirable pedestal sink and an older shower enclosure. The laminate flooring throughout the living areas and bedrooms is worn, and walls show marks. The listing description itself highlights 'excellent renovation opportunities' and the need for 'significant updates to its interior aesthetics and functionality to meet modern standards,' which aligns with the 'substantial repairs and rehabilitation' criteria for a 'poor' condition score. While livable, it would be considered very uncomfortable by modern standards and requires extensive cosmetic and potential system updates beyond just minor repairs.
Year Built
1971
Close
-
List price
$330K
Original List price
$330K
Price/Sqft
$272
HOA
-
Days on market
-
Sold On
-
MLS number
ML82029913
Home ConditionPoor
Features
Patio
View-

About this home

Discover an exceptional home and/or investment opportunity with this charming three-bedroom, two-bathroom space featuring 1,212 square feet of versatile living space. This property offers dual living rooms that provide flexible options for entertaining or creating distinct living zones. The home showcases practical updates including a new roof installed last year, ensuring peace of mind for years to come. A cozy fireplace adds warmth and character to the living space, while generous front and rear yards offer ample outdoor possibilities for relaxation or future enhancements. The layout and condition present excellent renovation opportunities for those looking to add value through strategic improvements. Location advantages include convenient access to shopping destinations, with Foodmaxx just minutes away for everyday necessities. The neighborhood provides a balanced residential setting while maintaining proximity to essential amenities and services. This home is ready for families to put their personal stamp on their future home or represents a smart entry point into real estate investment, combining affordability with income-generating potential.

G
Greg Haley
Listing Agent

Price History

Date
Event
Price
10/27/06
Sold
$195,000
05/30/02
Sold
$87,000
Condition Rating
Poor
Built in 1971, this property is over 50 years old. While it benefits from a new roof installed last year, the interior, particularly the kitchen and bathrooms, is significantly outdated and shows considerable wear. The kitchen features original-style wood cabinets, worn laminate countertops, and very dated patterned vinyl flooring, despite having some newer stainless steel appliances. Both bathrooms have dated fixtures, basic tiling, and show signs of age, with one featuring a less desirable pedestal sink and an older shower enclosure. The laminate flooring throughout the living areas and bedrooms is worn, and walls show marks. The listing description itself highlights 'excellent renovation opportunities' and the need for 'significant updates to its interior aesthetics and functionality to meet modern standards,' which aligns with the 'substantial repairs and rehabilitation' criteria for a 'poor' condition score. While livable, it would be considered very uncomfortable by modern standards and requires extensive cosmetic and potential system updates beyond just minor repairs.
Pros & Cons

Pros

Recent Major Update: A new roof was installed last year, providing peace of mind and reducing immediate maintenance concerns for the buyer.
Flexible Living Space: The property features dual living rooms, offering versatile options for entertaining, creating distinct zones, or adapting to various family needs.
Ample Outdoor Space: Generous front and rear yards provide significant outdoor possibilities for relaxation, gardening, or future landscaping enhancements.
Investment & Value-Add Potential: Described as an 'exceptional investment opportunity' with 'excellent renovation opportunities,' it's ideal for buyers looking to add value or generate income.
Convenient Location: The home boasts convenient access to shopping destinations, including Foodmaxx just minutes away, enhancing daily living convenience.

Cons

Renovation Required: The description highlights 'excellent renovation opportunities,' indicating that the property likely requires significant updates to its interior aesthetics and functionality to meet modern standards.
Age of Property & Systems: Built in 1971, the property is over 50 years old, suggesting that while the roof is new, other major systems (e.g., HVAC, plumbing, electrical) may be original or nearing the end of their lifespan, potentially incurring future costs.
Lack of Modern Amenities: Beyond the new roof, the description does not mention any significant modern upgrades to key areas like kitchens, bathrooms, or energy efficiency, implying these areas may be dated and require immediate attention.
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