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3938 Kreuer Road, Phelan, California 92371, Phelan, 92371 - 1 bed, 1 bath

3938 Kreuer Road, Phelan, California 92371 home-pic-0
ACTIVE UNDER CONTRACT$220,000
3938 Kreuer Road, Phelan, California 92371
1Bed
1Bath
699Sqft
108,900Lot

Price Vs. Estimate

The estimated value ($220,000) is $0 (0%) lower than the list price ($220,000). 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 = 108900, living area = 699.
Top Cons:
Extensive Unpermitted Structures: The presence of an unpermitted storage room (marketed as a potential second bedroom) and an unpermitted shop/carport poses significant legal and financial risks, requiring buyer due diligence and potential costly remediation or permitting.

Compared to the nearby listings

Price:$220.0K vs avg $485.0K ($-265,000)1%
Size:699 sqft vs avg 1,998 sqft1%
Price/sqft:$315 vs avg $25091%

More Insights

Built in 1955 (70 years old).
Condition: Built in 1955, this property is significantly aged. While the electrical panel has been recently replaced, the kitchen and bathroom are severely outdated with basic, older appliances, painted cabinets, and dated fixtures, requiring full renovation. The presence of multiple unpermitted structures, including an unfinished 'storage room' marketed as a potential bedroom, represents significant legal and structural liabilities. The overall condition suggests substantial repairs and rehabilitation are needed to make the property safe, comfortable, and compliant with regulations, aligning with the 'poor' classification.
Year Built
1955
Close
-
List price
$220K
Original List price
$220K
Price/Sqft
$315
HOA
-
Days on market
-
Sold On
-
MLS number
IV25158249
Home ConditionPoor
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

BACK ON THE MARKET. BUYER DID NOT PERFORMED. LOCATION, LOCATION!!! GREAT OPPORTUNITY FOR INVESTORS OR FIRST TIME BUYERS !!!!Traditional 1/bed/1 bath Cozy home on 2.5 ACRE LOT!!!!! That can easily be converted in a two (2) bedroom home. Tile floor through out the entire house, spacious living room, kitchen and bathroom. Nice front porch. An extra storage room was added to the house and was built without permits and can be fixed and used as a second bedroom. There are extra storage area on the side of the house and back. ELECTRIC PANEL HAS BEEN RECENTLY REPLACED. Convenient Shop or Carpot area that can fit 3-5 cars, this is not permitted. THIS GENEROUS LOT GIVES THE OPPORTUNITY TO STORE YOUR TOYS OR LET YOUR BUILDER CREATIVITY TO FLY AND GET THE FULL POTENTIAL OF IT AND BUILD UNITS. Close to main paved streets, HWY 138, Schools and stores. Buyer's and Buyer's agents to do your own duo diligence with the city for permits. IT WON'T LAST!!!!!

Condition Rating
Poor
Built in 1955, this property is significantly aged. While the electrical panel has been recently replaced, the kitchen and bathroom are severely outdated with basic, older appliances, painted cabinets, and dated fixtures, requiring full renovation. The presence of multiple unpermitted structures, including an unfinished 'storage room' marketed as a potential bedroom, represents significant legal and structural liabilities. The overall condition suggests substantial repairs and rehabilitation are needed to make the property safe, comfortable, and compliant with regulations, aligning with the 'poor' classification.
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 = 108900, living area = 699.
Expansive Lot Size: The generous 2.5-acre lot (108,900 sqft) offers significant potential for expansion, additional structures, or storage for recreational vehicles and equipment.
Significant Value-Add Potential: The property presents clear opportunities for investors or first-time buyers to add value by converting it into a two-bedroom home and developing the large parcel.
Affordable Entry Point: With a list price of $220,000, this property offers a relatively low barrier to entry for homeownership or investment in the Phelan area, especially considering the land size.
Recent Electrical Upgrade: The recently replaced electric panel is a notable system upgrade, reducing immediate concerns about a critical utility and potentially saving future repair costs.
Convenient Location & Scenic Views: The property benefits from its proximity to main paved streets, HWY 138, schools, and stores, enhancing daily convenience, and features desirable mountain views.

Cons

Extensive Unpermitted Structures: The presence of an unpermitted storage room (marketed as a potential second bedroom) and an unpermitted shop/carport poses significant legal and financial risks, requiring buyer due diligence and potential costly remediation or permitting.
Limited Living Space: The main residence is a compact 699 sqft with only 1 bedroom and 1 bathroom, which may be restrictive for many buyers and could impact resale value without significant expansion.
Prior Transaction Failure: The property being 'BACK ON THE MARKET. BUYER DID NOT PERFORMED.' indicates a previous failed transaction, suggesting potential underlying issues that warrant thorough investigation by prospective buyers.

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