516 Marilyn, Redlands, California 92373, Redlands, 92373 - 5 bed, 2 bath
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516 Marilyn
Redlands, California 92373
ACTIVE
CONDITION: GOOD
5Beds
2Baths
2,750Sq Ft
30,000Lot Size
Property Price
LIST PRICE$975,000
EST. MARKET VALUE
$982,281
SUMMARY
This Spacious Multi-Level Residence represents a Strong Value Opportunity, listed at $975,000—positioned slightly above the $964,638 Fair Market Value. While not a deep discount, the property’s Condition Rating of 3 and significant ADU Potential on a massive 30,000 sqft lot provide clear paths to forced appreciation. Featuring an Updated Kitchen, EV Charging, and a versatile layout for multigenerational living, this home offers rare privacy in the South Redlands hills. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-utility asset.
Estimated Market Value
$982,281
Based on Realkey algorithm analyzing recent comparable sales in Redlands.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 516 Marilyn Subject 5 bd · 2 ba · 2,750 sqft · $357 | $975,000* List Price | 5 | 2 | 2,750 | $357 | - |
A 645 Los Altos Sold 4 bd · 3 ba · 3,020 sqft · $409 · 0.7 mi | $1,235,000 | 4 | 3 | 3,020 | $409 | 0.7 mi |
B 461 W Sunset Drive Sold 3 bd · 2 ba · 2,620 sqft · $376 · 0.8 mi | $985,000 | 3 | 2 | 2,620 | $376 | 0.8 mi |
C 30587 Los Altos Sold 4 bd · 3 ba · 3,158 sqft · $377 · 0.9 mi | $1,190,000 | 4 | 3 | 3,158 | $377 | 0.9 mi |
D 1710 Fairmont Sold 4 bd · 4 ba · 3,741 sqft · $294 · 0.9 mi | $1,100,000 | 4 | 4 | 3,741 | $294 | 0.9 mi |
E 1524 Dwight Sold 4 bd · 3 ba · 2,176 sqft · $361 · 0.8 mi | $786,000 | 4 | 3 | 2,176 | $361 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1962 but significantly updated; features a renovated kitchen with modern cabinetry and stone counters, updated wide-plank flooring, and recessed lighting. The inclusion of EV charging indicates electrical system updates, and the overall interior condition is move-in ready, consistent with a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30000, living area = 2750.
- Versatile Multigenerational Layout
The two-level floor plan with separate entrances and multiple bonus rooms is ideal for multigenerational living, an art studio, or a professional home office setup.
- Expansive Private Lot
Situated on over half an acre in the desirable South Redlands hills, the park-like grounds offer mature fruit trees, exceptional privacy, and significant ADU potential.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2750, other record living area = 2216. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
- Low Bathroom-to-Bedroom Ratio
With five bedrooms and 2,750 square feet of living space, the presence of only two bathrooms may be a functional limitation for larger families or guests.
- Mid-Century Age
Built in 1962, the home may require ongoing maintenance or further updates to original systems to meet the expectations of buyers seeking a fully modernized residence.
About 516 Marilyn
Rarely do homes in this area come available- in the hills of South Redlands on over half an acre of peaceful private land with huge trees and plenty of quiet privacy. This home is large enough to for all of your needs. 5 bedrooms plus multiple bonus spaces (office, huge laundry room, sun room, family room, living room, dining room). Updated kitchen with awesome cabinetry and storage. With living spaces on 2 levels, this home would be perfect for anyone needing two entrances, including office space, art studio, or multigenerational living, both levels have bedrooms, a bathroom, and entertaining spaces. Plus a very oversized garage set with electric vehicle charging already in place. Plenty of room to park your RV, trailers, toys, project cars, or work trucks. The grounds are park-like and fenced for privacy, with many mature producing fruit trees! The large lot has ADU potential. This home is move-in ready and easy to make it your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 30,000 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.6 |
| Baths | 2.0 | 2.6 |
| Square foot | 2,750 | 1,784.033 |
| Lot Size | 30,000 | 8,391.033 |
| Price | $975.0K | $673.7K |
| Price per sq ft | $355 | $379 |
| Built year | 1962 | 1981 |
| HOA | $0 | $142 |
| Days on market | 37 | 57 |
Pricing History
Listed for Sale
Sep 17, 2026
$975,000
Initial Listing
Sold
May 18, 2018
$611,000
Public Record
Sold
Sep 19, 2011
$345,000
Public Record
Sold
Apr 6, 2006
$545,000
Public Record