5005 E Washington Street, Stockton, CA 95215, Stockton, 95215 - 2 bed, 1 bath
ACTIVE$105,000$672/sqft
5005 E Washington Street, Stockton, CA 95215
2Beds
1Bath
672Sqft
4,063Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Value Proposition: The current list price of $105,000 is significantly below its 2022 sale price of $250,000, offering substantial potential equity or a highly attractive entry point for investors and first-time buyers.
Top Cons:
Significant Price Discrepancy & Potential Condition Issues: The drastic price reduction from $250,000 in 2022 to $105,000 strongly suggests the property may require substantial repairs, renovations, or is being sold in a distressed condition, implying significant additional investment for the buyer.
Compared to the nearby listings
Price:$105.0K vs avg $390.0K ($-285,000)20%
Size:672 sqft vs avg 1,149.5 sqft9%
Price/sqft:$156 vs avg $30024%
More Insights
Built in 1953 (73 years old).
Condition: Built in 1953, this property is 71 years old with no indication of recent major renovations. The exterior images reveal severe deferred maintenance, including a significantly damaged roof structure and a boarded-up window, suggesting potential safety and structural issues. The drastic price reduction from $250,000 in 2022 to $105,000 in 2024 strongly implies the property is in a distressed condition, requiring substantial repairs and rehabilitation. Major systems (electrical, plumbing, HVAC) are almost certainly outdated and at the end of their lifespan. Without interior photos, the kitchen and bathroom are presumed to be in very poor, outdated condition, requiring full renovation.
Year Built
1953
Close
-
List price
$105K
Original List price
-
Price/Sqft
$156
HOA
$0
Days on market
-
Sold On
-
MLS number
SR24172312
Home ConditionPoor
Features
View-
About this home
B
Bryan Palomares
Listing Agent
Nearby schools
3/10
Elmwood Elementary School
Public,•K-8•0.6mi
2/10
Wilhelmina Henry Elementary School
Public,•K-8•0.7mi
3/10
Montezuma Elementary School
Public,•K-8•1.9mi
5/10
Franklin High School
Public,•6-12•0.7mi
Price History
Date
Event
Price
03/14/22
Sold
$250,000
Condition Rating
Poor
Built in 1953, this property is 71 years old with no indication of recent major renovations. The exterior images reveal severe deferred maintenance, including a significantly damaged roof structure and a boarded-up window, suggesting potential safety and structural issues. The drastic price reduction from $250,000 in 2022 to $105,000 in 2024 strongly implies the property is in a distressed condition, requiring substantial repairs and rehabilitation. Major systems (electrical, plumbing, HVAC) are almost certainly outdated and at the end of their lifespan. Without interior photos, the kitchen and bathroom are presumed to be in very poor, outdated condition, requiring full renovation.
Pros & Cons
Pros
Exceptional Value Proposition: The current list price of $105,000 is significantly below its 2022 sale price of $250,000, offering substantial potential equity or a highly attractive entry point for investors and first-time buyers.
No Association Fees: The absence of association fees reduces monthly ownership costs, making the property more affordable for buyers.
Highly-Rated High School Proximity: Located less than 0.7 miles from Franklin High School, which boasts a strong rating of 5, appealing to families with older children.
Single-Family Home Status: As a detached single-family residence, it offers privacy and independence, a desirable feature for many homeowners.
Manageable Lot Size: The 4063 sqft lot provides outdoor space without being overly burdensome to maintain, offering a good balance for a compact home.
Cons
Significant Price Discrepancy & Potential Condition Issues: The drastic price reduction from $250,000 in 2022 to $105,000 strongly suggests the property may require substantial repairs, renovations, or is being sold in a distressed condition, implying significant additional investment for the buyer.
Compact Interior Space: With only 672 sqft, the living area is quite small for a 2-bedroom home, which may limit appeal for those needing more room or for growing families.
Older Construction & Systems: Built in 1953, the home is over 70 years old, likely indicating outdated systems (electrical, plumbing, HVAC) and potentially requiring costly upgrades to meet modern standards and efficiency.