3083 N Macy Street, San Bernardino, California 92407, San Bernardino, 92407 - 2 bed, 1 bath
ACTIVE$350,000
3083 N Macy Street, San Bernardino, California 92407
2Beds
1Bath
916Sqft
10,654Lot
Price Vs. Estimate
The estimated value ($321,421.305) is $28,578.695 (8%) lower than the list price ($350,000). 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 = 10654, living area = 916.
Top Cons:
Compact Interior Living Space: With only 916 sqft, 2 bedrooms, and 1 bathroom, the interior living area is quite small, which may limit its appeal for larger families or those desiring more spacious accommodations.
Compared to the nearby listings
Price:$350.0K vs avg $595.0K ($-245,000)3%
Size:916 sqft vs avg 1,793 sqft3%
Price/sqft:$382 vs avg $32475%
More Insights
Built in 1940 (85 years old).
Condition: Built in 1940, this 84-year-old property shows no evidence of recent major renovations. The eligibility for an FHA 203K loan strongly indicates that the home requires substantial repairs and rehabilitation, particularly for major systems like plumbing, electrical, and HVAC, as well as significant modernization. The absence of interior photos, especially of the kitchen and bathroom, suggests these areas are likely very outdated and in need of a complete overhaul, aligning with the 'poor' condition criteria for substantial repairs and rehabilitation.
Year Built
1940
Close
-
List price
$350K
Original List price
$420K
Price/Sqft
$382
HOA
-
Days on market
-
Sold On
-
MLS number
CV25097809
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Charming Home in Muscoy with Expansive Backyard! This cozy 2-bedroom, 1-bathroom home sits on a generous lot, offering ample space and flexibility. Features include a large RV gate with plenty of parking, horse-friendly zoning, and full perimeter fencing for privacy. Outdoor amenities include automatic front yard sprinklers, a covered front patio, and a spacious covered back patio—perfect for entertaining, barbecues, or family gatherings. The massive backyard is ideal for hosting parties or creating your dream outdoor space?. Conveniently located just minutes from Cal State San Bernardino. This home is ELIGIBLE FOR FHA 203K.
Condition Rating
Poor
Built in 1940, this 84-year-old property shows no evidence of recent major renovations. The eligibility for an FHA 203K loan strongly indicates that the home requires substantial repairs and rehabilitation, particularly for major systems like plumbing, electrical, and HVAC, as well as significant modernization. The absence of interior photos, especially of the kitchen and bathroom, suggests these areas are likely very outdated and in need of a complete overhaul, aligning with the 'poor' condition criteria for substantial repairs and rehabilitation.
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 = 10654, living area = 916.
Expansive & Versatile Lot: The property features a generous 10,654 sqft lot with horse-friendly zoning, full perimeter fencing, and a massive backyard, offering ample space for outdoor activities, potential expansion, or specific equestrian interests.
Excellent Outdoor Living & Entertaining: Outdoor amenities include a spacious covered back patio, a covered front patio, and automatic front yard sprinklers, creating inviting and functional spaces for relaxation, entertaining, and family gatherings.
RV Access & Ample Parking: A large RV gate with plenty of parking space is a significant convenience for owners with recreational vehicles, boats, or multiple cars.
FHA 203K Eligibility: The home's eligibility for FHA 203K financing broadens the buyer pool by allowing renovation costs to be included in the mortgage, making it easier for buyers to customize or upgrade the property.
Significant Price Reduction: The list price has been reduced from $420,000 to $350,000, indicating a motivated seller and potentially offering a competitive buying opportunity.
Cons
Compact Interior Living Space: With only 916 sqft, 2 bedrooms, and 1 bathroom, the interior living area is quite small, which may limit its appeal for larger families or those desiring more spacious accommodations.
Age of Property: Built in 1940, the home is 84 years old, which could imply the need for updates to major systems (e.g., plumbing, electrical, HVAC) or general modernization to meet contemporary standards.
Single Bathroom: The presence of only one bathroom for a 2-bedroom home can be a functional inconvenience for occupants and guests, potentially impacting daily routines.