501 Lemon Street, Redlands, California 92374, Redlands, 92374 - 3 bed, 1 bath

501 Lemon Street, Redlands, California 92374 home-pic-0
ACTIVE UNDER CONTRACT$565,000
501 Lemon Street, Redlands, California 92374
3Beds
1Bath
1,148Sqft
6,290Lot

Price Vs. Estimate

The estimated value ($550,250.94) is $14,749.06 (2%) lower than the list price ($565,000). This property may be overpriced.

Key pros and cons

Top Pros:
Turnkey & Extensively Upgraded: The property boasts recent, extensive upgrades including a rebuilt bathroom, updated kitchen with quartz countertops, new Pergo flooring, fresh interior/exterior paint, dual-pane windows, and a section one termite clearance, making it move-in ready.
Top Cons:
Single Bathroom for Three Bedrooms: The property offers only one bathroom for three bedrooms, which may be inconvenient for families or multiple occupants and could be a limiting factor for some buyers.

Compared to the nearby listings

Price:$565.0K vs avg $600.0K ($-35,000)39%
Size:1,148 sqft vs avg 1,648 sqft19%
Price/sqft:$492 vs avg $35994%

More Insights

Built in 1954 (71 years old).
Condition: Despite being built in 1954, this property has undergone extensive and recent renovations, aligning with the 'Excellent' criteria for a property extensively renovated within 5 years. The kitchen features updated white cabinets, quartz countertops, and included appliances, all appearing new or virtually new. The bathroom has been completely rebuilt with a brand new vanity, modern light fixtures, and mirror. New Pergo flooring is installed throughout the main living areas, and the entire home has been freshly painted inside and out. Dual-pane windows and a recent termite clearance further contribute to its turnkey, virtually new condition with no deferred maintenance.
Year Built
1954
Close
-
List price
$565K
Original List price
$574K
Price/Sqft
$492
HOA
-
Days on market
-
Sold On
-
MLS number
IG25243139
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

South Redlands, Turnkey single story three bedroom home with a detached two car garage and no HOA - minutes from downtown, Alberstons, and the University exit! Tucked in the back of the beloved Lemon Lime streets, this 1950s ranch has been extensively upgraded. Enter into the living room, flooded with light on two sides from large windows, and you're greeted my a brick fireplace and new Pergo flooring throughout. The updated kitchen features white cabinets and quartz countertops - all appliances are included. The bathroom has just been rebuilt, and features a brand new vanity, light fixtures, and mirror. The entire home was just professionally painted inside and out. A section one termite clearance was also completed. Windows are dual pane. The private, low maintenance backyard is fenced, and accessible directly from the attached two car garage. The front and side yard features several producing fruit trees. Excellent location, just off of Cypress Ave but on a quiet street. It's easy for downtown or the freeway. Excellent Redlands schools, walkable to Redlands High School.

Condition Rating
Excellent

Despite being built in 1954, this property has undergone extensive and recent renovations, aligning with the 'Excellent' criteria for a property extensively renovated within 5 years. The kitchen features updated white cabinets, quartz countertops, and included appliances, all appearing new or virtually new. The bathroom has been completely rebuilt with a brand new vanity, modern light fixtures, and mirror. New Pergo flooring is installed throughout the main living areas, and the entire home has been freshly painted inside and out. Dual-pane windows and a recent termite clearance further contribute to its turnkey, virtually new condition with no deferred maintenance.
Pros & Cons

Pros

Turnkey & Extensively Upgraded: The property boasts recent, extensive upgrades including a rebuilt bathroom, updated kitchen with quartz countertops, new Pergo flooring, fresh interior/exterior paint, dual-pane windows, and a section one termite clearance, making it move-in ready.
Prime South Redlands Location: Situated in a desirable South Redlands neighborhood on a quiet street, offering excellent proximity to downtown, amenities (Albertsons), freeway access, and top-rated Redlands schools, including walkability to Redlands High School.
No Homeowners Association (HOA): The absence of an HOA provides financial savings and greater freedom for property modifications and usage, enhancing long-term value.
Detached Two-Car Garage: A valuable asset providing secure parking, additional storage, or potential for future conversion (e.g., ADU), enhancing property utility and value.
Low-Maintenance & Private Outdoor Space: Features a fenced, private, and low-maintenance backyard, complemented by producing fruit trees in the front and side yards, offering appealing outdoor living.

Cons

Single Bathroom for Three Bedrooms: The property offers only one bathroom for three bedrooms, which may be inconvenient for families or multiple occupants and could be a limiting factor for some buyers.
Smaller Interior Square Footage: At 1148 sqft, the interior living space is relatively compact for a three-bedroom home, potentially limiting spaciousness for larger households or those desiring more expansive rooms.
Age of Original Construction (1954): Despite extensive upgrades, the home's original construction year of 1954 might suggest underlying older infrastructure (e.g., plumbing, electrical beyond visible updates) or a layout that may not fully align with modern open-concept preferences.

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