48 N Center Street 48, Redlands, California 92373, Redlands, 92373 - 2 bed, 1 bath
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Redlands, California 92373
This Immaculate Stock Cooperative is a Strong Value Opportunity, listed at $239,000—positioned well below the $271,004 Fair Market Value by 11%. This valuation gap provides $32,004 in Instant Equity. The residence maintains a Good Condition Rating with recent upgrades including dual-pane windows and updated flooring. Located in walkable Downtown Redlands near the Redlands Bowl and Redlands Unified schools, the property offers a turnkey lifestyle with an HOA that covers property taxes and utilities. This is an ideal acquisition for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48 N Center Street 48 Subject | $229,000* List Price | 2 | 1 | 918 | $249 | - |
A 56 N Center Active | $209,000 List Price | 2 | 1 | 918 | $228 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and has been exceptionally well-maintained. Although built in 1956, it features several recent upgrades including newer dual-pane windows, updated flooring, fresh paint, and a newer heating system. The kitchen and bathroom are clean and functional with updated surfaces like stone countertops, though the appliances and overall style are standard rather than high-end luxury, fitting the 'good' criteria for a well-maintained, updated older home.
Situated in the heart of historic Downtown Redlands, this property offers exceptional walkability to two train stations, local dining, boutique shopping, and the iconic Redlands Bowl.
The association fee provides unique value by including property taxes, water, sewer, trash, and exterior maintenance, offering a simplified, low-maintenance lifestyle for the owner.
The residence is in immaculate condition with significant recent upgrades, including newer dual-pane windows, updated flooring, fresh paint, and a newer heating system.
As a stock cooperative, the property may face more restrictive financing requirements and a board approval process, which can limit the pool of potential buyers compared to traditional fee-simple real estate.
The $799 monthly HOA fee, while inclusive of taxes and utilities, represents a high fixed monthly expense that may impact buyer debt-to-income ratios and overall affordability.
VOILA! NEW PRICE! WELCOME TO THE ICONIC BRAEMAR CO-OP'S! (BACK ON THE MARKET NOT DUE TO ANY INSPECTIONS OR DISCLOSURE REASONS. BUYER HAD ALREADY REMOVED ALL CONTINGENCIES.) This is an Immaculate and lovingly maintained 2-bedroom Stock Cooperative residence ideally located adjacent to historic Downtown Redlands. Just blocks away from TWO train stations, charming shops, restaurants, the public library, and the world-famous Redlands Bowl. IT'S LOCATION OFFERS EXCEPTIONAL CONVENIENCE COMBINED WITH A VIBRANT LIFESTYLE. If you are looking to buy for you or a family member, this offers a great value in a long established location. The HOA provides great value as it covers PROPERTY TAXES, FIRE INSURANCE, COMMUNITY POOL, WATER, SEWER, TRASH LANDSCAPING, EXTERIOR MAINTENANCE, IN-WALL PLUMBING AND ELECTRICAL, HOT WATER HEATERS, AND ALL FREE COMMUNITY LAUNDRY FACILITIES, INCLUDING THE USE OF WASHERS AND DRYERS. Oh, one more added value is the use of a COMMUNITY GARDEN! This is a wonderful opportunity to enjoy low-maintenance living in one of Redlands’ most desirable and walkable locations. This special DOWNSTAIRS UNIT is tucked privately toward the back of the community, offering peaceful surroundings with no stairs to climb. The open floor concept creates a bright, comfortable living environment designed for easy everyday living. Enjoy a private patio with retractable awning - the perfect setting for relaxing mornings or quiet evenings. Note one bedroom window offers a private view onto a serene garden environment . The home is truly immaculate and well loved, featuring newer dual-pane windows, newer flooring, fresh paint, a newer heater, and high-quality new screen doors, reflecting pride of ownership throughout. In addition, for your comfort, the owner is leaving a custom Murphy bed that is perfect for guests. This is a wonderful opportunity to enjoy low-maintenance living in one of Redlands’ most desirable and walkable locations. NOTE: AGAIN, THE HOA DUES INCLUDES PROPERTY TAXES!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 42% |
| Baths | 1.0 | 3.0 | 16% |
| Square foot | 918 | 1,543 | 16% |
| Lot Size | - | - | 50% |
| Price | $229.0K | $505.0K | 5% |
| Price per sq ft | $249 | $330 | 11% |
| Built year | 1956 | 2009 | 5% |
| HOA | $799.0 | $300 | 95% |
| Days on market | 105 | 194 | 16% |
May 1, 2026
$229,000
$239,000
-4% Price Drop
Initial Listing
Feb 21, 2026
$239,000
Initial Listing