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3532 Rainbow Lane, Highland, California 92346, Highland, 92346 - 2 bed, 1 bath

3532 Rainbow Lane, Highland, California 92346 home-pic-0
ACTIVE$175,000$882/sqft
3532 Rainbow Lane, Highland, California 92346
2Beds
1Bath
882Sqft
422Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Affordable Price Point: Listed at $175,000, this property presents a highly attractive and accessible price point for first-time homebuyers, downsizers, or investors, especially with the noted 'HUGE PRICE DROP'.
Top Cons:
High Monthly HOA Fee: The $450 monthly association fee is substantial relative to the property's list price, significantly increasing the overall monthly carrying costs for a buyer.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1969 (57 years old).
Condition: Built in 1969, this property is aged but appears well-maintained with some updates like newer laminate flooring. However, the kitchen features dated cabinetry and countertops, and the brick accent wall in the living area reflects its original era. While functional and clean, it would benefit from minor updates to modernize the kitchen and overall aesthetic.
Year Built
1969
Close
-
List price
$175K
Original List price
$175K
Price/Sqft
$198
HOA
$450
Days on market
-
Sold On
-
MLS number
IV26010388
Home ConditionFair
Features
View-

About this home

HUGE PRICE DROP **FOR RENT 2 bedroom, 1 bath** Back on the Market Welcome to this beautifully maintained 2-bedroom, 1-bath condominium nestled in the heart of Highland, CA. Perfectly situated for convenience, this home offers easy access to the 210 and 10 freeways, making your daily commute a breeze. Just minutes from shopping centers, restaurants, parks, and schools, you’ll find everything you need right at your fingertips. Step inside to discover a light-filled living space with a functional floor plan, ideal for first-time buyers, downsizers, or savvy investors. The kitchen features ample cabinetry and opens to the dining and living areas, creating a welcoming atmosphere for both relaxing and entertaining. The two spacious bedrooms provide comfort and versatility, while the full bathroom is tastefully appointed. Community amenities may include landscaped grounds, (confirm details). With low-maintenance living and an unbeatable location, this Highland gem won’t last long! **Schedule your private showing today and come see the potential for yourself!**

R
REGINALD BUSKEY
Listing Agent

Nearby schools

5/10
Oehl Elementary School
Public,•K-6•0.6mi
4/10
Serrano Middle School
Public,•7-8•1.0mi
5/10
San Gorgonio High School
Public,•9-12•1.5mi

Price History

Date
Event
Price
11/18/22
Sold
$96,000
12/23/20
Sold
$89,000
11/16/17
Sold
$67,000
03/18/11
Sold
$37,500
06/13/02
Sold
$40,000
Condition Rating
Fair
Built in 1969, this property is aged but appears well-maintained with some updates like newer laminate flooring. However, the kitchen features dated cabinetry and countertops, and the brick accent wall in the living area reflects its original era. While functional and clean, it would benefit from minor updates to modernize the kitchen and overall aesthetic.
Pros & Cons

Pros

Affordable Price Point: Listed at $175,000, this property presents a highly attractive and accessible price point for first-time homebuyers, downsizers, or investors, especially with the noted 'HUGE PRICE DROP'.
Prime Commuter Location: The condominium boasts excellent connectivity with easy access to the 210 and 10 freeways, significantly simplifying daily commutes for residents.
Proximity to Amenities: Conveniently located just minutes from essential amenities including shopping centers, restaurants, parks, and schools, offering a highly desirable lifestyle.
Strong School Ratings: The property is situated within a district featuring well-rated schools (Oehl Elementary, Serrano Middle, San Gorgonio High), enhancing its appeal to families.
Low-Maintenance Living & Investment Potential: As a condominium/townhouse, it offers a low-maintenance lifestyle. The explicit mention of 'FOR RENT' and 'savvy investors' highlights its immediate income-generating potential and strong appreciation history.

Cons

High Monthly HOA Fee: The $450 monthly association fee is substantial relative to the property's list price, significantly increasing the overall monthly carrying costs for a buyer.
Limited Living Space: With 882 square feet for a 2-bedroom unit, the property offers relatively compact living quarters, which may be a constraint for those requiring more spacious accommodations.
Single Bathroom: The presence of only one bathroom for a 2-bedroom unit can be a practical inconvenience for multiple occupants or guests, potentially impacting daily functionality and resale appeal.
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