515 Pallesi, Barstow, California 92311, Barstow, 92311 - 2 bed, 1 bath
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515 Pallesi
Barstow, California 92311
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
912Sq Ft
7,000Lot Size
Property Price
LIST PRICE$214,999
EST. MARKET VALUE
$234,935
8% BelowMARKET VALUE
SUMMARY
This Move-In Ready Single Family Residence is a Strong Value Opportunity, listed at $214,999—positioned well below the $234,935 Fair Market Value by 8%. This valuation gap offers $19,936 in Instant Equity. Featuring a 2022 renovation with a Granite Kitchen and Mint Condition Rating, the property offers significant development potential via its 7,500 sq. ft. lot and Dual-Street Access. Ideally suited for Buy-and-Hold Investors or first-time buyers, this asset is positioned for growth near the BNSF intermodal facility.
Estimated Market Value
$234,935+$19,936 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Barstow.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 Pallesi Subject | $214,999* List Price | 2 | 1 | 912 | $258 | - |
A 610 S Muriel Drive Sold | $235,000 | 2 | 1 | 960 | $245 | 0.7 mi |
B 601 Kathleen Sold | $260,000 | 3 | 2 | 1,096 | $237 | 0.7 mi |
C 571 Lillian Sold | $250,000 | 3 | 1 | 1,080 | $231 | 0.6 mi |
D 700 Agnes Sold | $269,999 | 3 | 2 | 1,068 | $253 | 0.8 mi |
E 724 Mount Vernon Avenue Sold | $265,000 | 3 | 1 | 1,082 | $245 | 0.9 mi |
F 205 E Williams Active | $249,999 List Price | 3 | 1 | 978 | $256 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a comprehensive renovation in 2022 (less than 5 years ago), including a remodeled kitchen with granite countertops, a new roof, energy-efficient windows, and a custom-tiled bathroom. Despite the 1955 original build date, the recent updates place it in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Modern Upgrades
Renovated in 2022, the home features a newer roof, energy-efficient dual-pane windows, and a remodeled kitchen with granite countertops, ensuring a move-in-ready experience for the buyer.
- Development & ADU Potential
The oversized 7,500 sq. ft. lot includes rare dual-street access from both the front and rear, providing excellent flexibility for an ADU, workshop, or potential lot split.
- Strategic Investment Location
Situated near the upcoming BNSF Barstow International Gateway, the property is positioned to benefit from significant regional job growth and long-term economic appreciation.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At just 912 square feet with a 2-bedroom, 1-bathroom layout, the interior space may be restrictive for larger families or those requiring dedicated home office space.
- Mid-Century Infrastructure
Originally built in 1955, the property may require ongoing maintenance or future updates to core systems that were not fully replaced during the 2022 cosmetic renovation.
About 515 Pallesi
**Move-In Ready with Exceptional Investment Potential!** This beautifully updated **2-bedroom, 1-bath** home combines modern upgrades with outstanding future possibilities. Renovated in **2022**, the home features a **remodeled kitchen with granite countertops**, **newer roof**, **dual-pane energy-efficient windows**, **attractive tile flooring**, a **beautifully remodeled bathroom with a custom tile tub and shower surround**, plus numerous quality improvements that make this home truly move-in ready.Situated on a **spacious 7,500± sq. ft. lot (approximately 50' x 150')** with **street access from both the front and rear**, this property offers exceptional flexibility. Explore the potential for an **Accessory Dwelling Unit (ADU)**, additional garage or workshop, RV parking, or even a **future lot split** (buyer to verify all possibilities with the City of Barstow). Opportunities like this are becoming increasingly difficult to find.Located in the growing **City of Barstow**, this property is just minutes from the approved **BNSF Barstow International Gateway** intermodal rail facility, a transformational project expected to bring **thousands of new jobs** and significant long-term economic investment to the region. This is an excellent opportunity to purchase in an area poised for future growth.Whether you're looking for your first home, a rental investment, or a property with development potential, this home offers value, versatility, and long-term upside. **Don't miss your chance to own this move-in-ready home with room to grow—schedule your private showing today!**
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 7,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Barstow Unified Schools
Cameron Elementary School
Grades K-6 • 0.8 mi
3/10
Henderson Elementary School
Grades K-6 • 1.2 mi
2/10
Skyline North Elementary School
Grades K-6 • 1.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 912 | 1,289.434 |
| Lot Size | 7,000 | 8,138.943 |
| Price | $215.0K | $282.3K |
| Price per sq ft | $236 | $212 |
| Built year | 1955 | 1962 |
| HOA | $0 | $95 |
| Days on market | 48 | 71 |
Pricing History
Listed for Sale
Jul 23, 2026
$214,999
Initial Listing
Sold
Nov 8, 2021
$150,000
Public Record
Sold
Jul 7, 2009
$15,000
Public Record