359 Bahia Street, Perris, California 92571, Perris, 92571 - 3 bed, 3 bath
ACTIVE UNDER CONTRACT$375,000
359 Bahia Street, Perris, California 92571
3Beds
3Baths
1,435Sqft
3,920Lot
Price Vs. Estimate
The estimated value ($312,863.16) is $62,136.84 (16%) lower than the list price ($375,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Renovation Opportunity: The property is explicitly marketed as a 'Prime Renovation Opportunity' for investors, indicating significant potential for value appreciation after upgrades.
Top Cons:
Requires Significant Renovation: The property is positioned as a 'Renovation Opportunity,' implying substantial capital investment and work will be required to modernize and maximize its value.
Compared to the nearby listings
Price:$375.0K vs avg $550.0K ($-175,000)1%
Size:1,435 sqft vs avg 2,103 sqft25%
Price/sqft:$261 vs avg $28135%
More Insights
Built in 1987 (38 years old).
Condition: Built in 1987, this 37-year-old property is explicitly marketed as a 'Prime Renovation Opportunity' requiring 'Significant Renovation.' This strongly indicates that the home, especially critical areas like the kitchen and bathrooms, is outdated and requires substantial repairs and rehabilitation. While the exterior appears structurally sound, the lack of recent renovations for a property of this age suggests major components, systems, and finishes are well past their expected lifespan and will need significant investment to meet current quality and style standards.
Year Built
1987
Close
-
List price
$375K
Original List price
$375K
Price/Sqft
$261
HOA
-
Days on market
-
Sold On
-
MLS number
MB25225994
Home ConditionPoor
Features
ViewNeighborhood
About this home
Attention Investors Prime Renovation Opportunity! Don't miss this exceptional chance to invest in your next renovation project, located in a highly desirable neighborhood. This property is brimming with potential and offers a unique opportunity.
Condition Rating
Poor
Built in 1987, this 37-year-old property is explicitly marketed as a 'Prime Renovation Opportunity' requiring 'Significant Renovation.' This strongly indicates that the home, especially critical areas like the kitchen and bathrooms, is outdated and requires substantial repairs and rehabilitation. While the exterior appears structurally sound, the lack of recent renovations for a property of this age suggests major components, systems, and finishes are well past their expected lifespan and will need significant investment to meet current quality and style standards.
Pros & Cons
Pros
Prime Renovation Opportunity: The property is explicitly marketed as a 'Prime Renovation Opportunity' for investors, indicating significant potential for value appreciation after upgrades.
Desirable Neighborhood: Located in a 'highly desirable neighborhood,' which can contribute to strong resale value and tenant appeal post-renovation.
Strong Bed/Bath Count: With 3 bedrooms and 3 bathrooms, the property offers a functional layout that appeals to families or potential renters.
Single Family Residence: As a single-family residence, it typically holds strong market appeal and value compared to other property types.
Market Demand Indicated: The 'Active Under Contract' status suggests strong market interest and validates the property's potential, even in its current condition.
Cons
Requires Significant Renovation: The property is positioned as a 'Renovation Opportunity,' implying substantial capital investment and work will be required to modernize and maximize its value.
Older Property: Built in 1987, the property is 37 years old, suggesting potential for outdated systems, finishes, and deferred maintenance that will need addressing.
Smaller Lot Size: With a lot size of 3920 sqft, the property offers limited outdoor space, which might be a drawback for buyers seeking larger yards or expansion potential.