51911 Calle Torres Orduno, Coachella, California 92236, Coachella, 92236 - 4 bed, 2 bath
ACTIVE$379,900
51911 Calle Torres Orduno, Coachella, California 92236
4Beds
2Baths
1,196Sqft
6,534Lot
Year Built
1984
Close
-
List price
$380K
Original List price
$380K
Price/Sqft
$318
HOA
-
Days on market
-
Sold On
-
MLS number
219130278DA
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,5 Pros. Rank: price - $379.9K(10th), sqft - 1196(16th), beds - 4(50th), baths - 2(50th).
Great investment opportunity, this home is perfect for the first time home buyer, four bedrooms and two full baths home is waiting for you, Property needs to be upgraded, this is a fixer, Subject property is just walking distance from the community park, RV access, centrally located, this property offers lots of potential.. This home is elegible for an FHA 203k loan.
Condition Rating
Poor
The property, built in 1984 (40 years old), is explicitly described as a 'fixer' that 'needs to be upgraded' and is eligible for an FHA 203k loan, which is for rehabilitation. The images confirm this, particularly the kitchen, which features severely outdated and worn cabinets, old white appliances, and dated linoleum flooring, indicating a need for substantial renovation. While no bathroom images are provided, the overall condition and description suggest they would also require significant updates. The exterior is unlandscaped and shows wear. This aligns with the 'poor' condition criteria, requiring substantial repairs and rehabilitation to meet current living standards.
Pros & Cons
Pros
Investment & First-Time Buyer Appeal: The property is highlighted as a great investment opportunity and perfect for first-time homebuyers, suggesting strong potential for appreciation and accessibility.
FHA 203k Loan Eligibility: Eligible for an FHA 203k loan, which allows buyers to finance both the purchase and necessary renovation costs into a single mortgage.
RV Access: Features dedicated RV access, providing a valuable amenity for vehicle storage or recreational use.
Proximity to Community Park: Located within walking distance of a community park, enhancing lifestyle and recreational options for residents.
Significant Value-Add Potential: Described as a 'fixer' with 'lots of potential,' offering a substantial opportunity for buyers to customize and increase property value through renovations.
Cons
Requires Extensive Upgrades: The property explicitly states it 'needs to be upgraded' and is a 'fixer,' indicating significant renovation costs and effort will be required.
Potential Overpricing: The current list price of $379,900 is considerably higher than the estimated property value of $319,682.53, suggesting it may be overpriced given its current condition.
Older Construction: Built in 1984, the property's age likely contributes to the need for modernization and may entail higher maintenance costs compared to newer homes.