
Borrego Springs, California 92004
Analysis of 347 Wheel Hub Place, Borrego Springs, California 92004 reveals a property with a current list price of $360,000, which is 15% above the estimated $305,833 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Borrego Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 347 Wheel Hub Place Subject | $360,000* List Price | 2 | 2 | 1,491 | $205 | - |
A 1471 De Anza Drive Sold | $450,000 | 2 | 2 | 1,646 | $273 | 0.8 mi |
B 349 Pointing Rock Dr Active | $445,000 List Price | 2 | 2 | 1,613 | $276 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965, this property is nearly 60 years old and shows significant signs of age and deferred maintenance. The listing description explicitly states the home 'could use some TLC' and 'requires renovation.' The kitchen features original, severely outdated wood cabinets, laminate countertops, a dated tiled backsplash, and older appliances, necessitating a complete overhaul. Both bathrooms exhibit very dated tilework and fixtures. Throughout the home, there are worn carpets, popcorn ceilings, and outdated light fixtures. Furthermore, the empty and cracked swimming pool represents a major defect requiring substantial repair or replacement. These factors indicate the property requires extensive rehabilitation to meet modern standards and comfort.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 27442, living area = 1491.
The property offers unobstructed, stunning views of Fonts Point, the vast desert, and surrounding mountains from a peaceful setting, enhancing its appeal.
Includes an adjacent lot, providing a substantial total lot size of 27,442.8 sqft and increased privacy, situated on a quiet cul-de-sac.
The home 'could use some TLC,' indicating a need for significant updates, repairs, or modernization, which will require additional investment.
Built in 1965, the property is older, suggesting potential for outdated systems, finishes, and deferred maintenance that may not meet current buyer expectations.
The property has seen multiple price reductions and the current listing price of $360,000 is significantly higher than the estimated value of approximately $310,795, suggesting it may still be overpriced relative to its condition or market.
Tucked away on a quiet cul-de-sac, this two bedroom, two bath home includes a bonus room, sunroom, and an adjacent lot offering added space and privacy. Enjoy unobstructed views of Fonts Point, the desert, and surrounding mountains from this peaceful setting. While the home could use some TLC, it's a rare opportunity to customize a spacious property with incredible vistas in a serene location. Seller may carry. Situated in northeast San Diego County, with the nearby Anza-Borrego Desert State Park, Borrego Springs is celebrated for its spring wildflower bloom, small town charm, and designation as California's first designated International Dark Sky Community.
No exterior & parking available.
Grades PK-5 • 3.1 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,491 | 1,685 | 32% |
| Lot Size | 27,442.801 | 18,295.199 | 64% |
| Price | $360.0K | $385.0K | 44% |
| Price per sq ft | $241 | $241 | 50% |
| Built year | 1965 | 1990 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 295 | 158 | 92% |
Nov 27, 2025
$360,000
$375,000
-4% Price Drop
Initial Listing
Oct 27, 2025
$375,000
Initial Listing
Jul 1, 2025
$395,000
Initial Listing