4426 Oil Well Road, Phelan, California 92371, Phelan, 92371 - 4 bed, 2 bath
ACTIVE$650,000
4426 Oil Well Road, Phelan, California 92371
4Beds
2Baths
2,395Sqft
247,421Lot
Price Vs. Estimate
The estimated value ($650,000) is $0 (0%) lower than the list price ($650,000). This property may be overpriced.
Key pros and cons
Top Pros:
Expansive Lot Size: The property features a substantial 247,421 sqft (approx. 5.68 acres) lot, offering exceptional privacy, ample space for outdoor activities, and potential for future expansion or equestrian pursuits.
Top Cons:
Remote Location: Situated in Phelan, the property's rural, high desert location may be a drawback for buyers seeking proximity to major urban centers, diverse employment opportunities, or extensive amenities.
Compared to the nearby listings
Price:$650.0K vs avg $490.0K (+$160,001)89%
Size:2,395 sqft vs avg 2,000 sqft76%
Price/sqft:$271 vs avg $25063%
More Insights
Built in 2003 (22 years old).
Condition: Built in 2003, this property is well-maintained and move-in ready with recent updates such as new laminate flooring and fresh paint. However, the kitchen and bathroom feature dated tiled countertops and the kitchen still has a white refrigerator, which prevent it from achieving a 'Good' rating. These elements, while functional, show signs of being outdated and would likely require minor updates for a more contemporary feel.
Year Built
2003
Close
-
List price
$650K
Original List price
$699K
Price/Sqft
$271
HOA
-
Days on market
-
Sold On
-
MLS number
HD25122876
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)
About this home
Condition Rating
Fair
Built in 2003, this property is well-maintained and move-in ready with recent updates such as new laminate flooring and fresh paint. However, the kitchen and bathroom feature dated tiled countertops and the kitchen still has a white refrigerator, which prevent it from achieving a 'Good' rating. These elements, while functional, show signs of being outdated and would likely require minor updates for a more contemporary feel.
Pros & Cons
Pros
Expansive Lot Size: The property features a substantial 247,421 sqft (approx. 5.68 acres) lot, offering exceptional privacy, ample space for outdoor activities, and potential for future expansion or equestrian pursuits.
Desirable Mountain Views: Boasting clear mountain views, the property offers a serene and picturesque backdrop, enhancing its aesthetic appeal and overall living experience.
Generous Living Space: With 2395 sqft, this 4-bedroom home provides ample interior space, suitable for families seeking comfortable and spacious living.
Recent Price Reduction: The property has seen a significant price reduction from its original list price of $699,000 to $650,000, making it more competitive and attractive to potential buyers.
Relatively Modern Construction: Built in 2003, the home is of relatively modern construction, suggesting a solid foundation and potentially fewer immediate major system repairs compared to older properties.
Cons
Remote Location: Situated in Phelan, the property's rural, high desert location may be a drawback for buyers seeking proximity to major urban centers, diverse employment opportunities, or extensive amenities.
Potential for Interior Updates: While built in 2003, the absence of specific mentions of recent interior remodels suggests the home's finishes might be original to its construction year and could require cosmetic updates to align with contemporary buyer preferences.
Limited Local Amenities: As a smaller, rural community, Phelan typically offers fewer immediate amenities, shopping, dining, and entertainment options compared to more developed suburban areas.