545 S San Mateo, Redlands, California 92373, Redlands, 92373 - 3 bed, 2 bath
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Redlands, California 92373
This Turnkey Single Family Residence represents a Prime Investment Opportunity, listed at a List Price of $700,000—positioned well below the $714,513 Fair Market Value by 2%. This valuation gap provides $14,513 in Instant Equity. With a Condition Rating of 2, the home features a Remodeled Interior and Solar System. The expansive 15,130 sq. ft. lot offers Exceptional Development Potential for an ADU, making this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 545 S San Mateo Subject | $700,000* List Price | 3 | 2 | 1,486 | $481 | - |
A 1120 W Crescent Sold | $799,000 | 3 | 3 | 1,622 | $493 | 0.7 mi |
B 1029 W Clifton Sold | $750,000 | 3 | 2 | 1,656 | $453 | 0.3 mi |
C 1327 Monterey Street Sold | $822,000 | 3 | 2 | 1,792 | $459 | 0.8 mi |
D 816 Sherwood Street Active | $729,999 List Price | 3 | 2 | 1,591 | $459 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1948, the property has undergone a comprehensive recent remodel (likely within the last 5 years based on modern finishes). It features updated laminate flooring, fresh paint, newer windows, and a fully modernized bathroom with contemporary tile work. The inclusion of central air conditioning and a solar system indicates updated mechanical systems, making it a mint-condition, move-in ready home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15130, living area = 1486.
The massive 15,130 square foot lot is a rare find in Redlands, offering significant opportunities for expansion or the addition of both an ADU and a Junior ADU.
The home is move-in ready following extensive updates, including laminate flooring, newer windows, fresh paint, and updated appliances, blending classic charm with modern comfort.
Originally built in 1948, the property may have aging underlying systems or structural components typical of its era that require more frequent maintenance than a newer home.
At approximately 1,486 square feet, the interior living space is relatively small compared to the expansive lot size, which may limit appeal for larger families seeking more indoor volume.
Welcome to 545 S. San Mateo Street in the heart of Redlands! This beautifully remodeled single-story home offers 3 bedrooms, 2 bathrooms, and approximately 1,486 square feet of comfortable living space on an expansive 15,130 square foot lot, perfect for an ADU and a Junior ADU! Built in 1948 and thoughtfully updated, this move-in ready home showcases laminate flooring, fresh interior paint, newer windows, updated appliances, ceiling fans, and central air conditioning for year-round comfort. The functional floor plan includes a spacious laundry room complete with a utility sink and ample storage. Outside, you’ll find plenty of room to enjoy, entertain, and store your toys. The oversized lot features a pond/waterfall, RV parking, a detached two-car garage, and multiple storage sheds, offering endless possibilities for hobbies, projects, or additional storage needs. Solar helps provide energy efficiency and added savings. Conveniently located near shopping, schools, parks, and freeway access, this property combines classic Redlands charm with modern updates and exceptional outdoor space. Whether you’re looking for room to grow, space for recreational vehicles, or simply a turnkey home, this property is a must-see! Features Include: 3 Bedrooms, 2 Bathrooms Approx. 1,486 Sq. Ft. Approx. 15,130 Sq. Ft. Lot Remodeled Interior Laminate Flooring Fresh Paint Newer Windows Updated Appliances Spacious Laundry Room with Sink Solar System Ceiling Fans Central Air Conditioning Detached Two-Car Garage RV Parking Storage Sheds Large Backyard Close to Shopping, Schools & Freeway Access A rare opportunity to own a beautifully updated home on a large lot in one of Redlands’ most convenient locations!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 2.0 | 3.0 | 50% |
| Square foot | 1,486 | 2,056 | 21% |
| Lot Size | 15,130 | 12,000 | 62% |
| Price | $700.0K | $780.0K | 32% |
| Price per sq ft | $471 | $387 | 77% |
| Built year | 1948 | 1963 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 149 | 4% |
Jun 1, 2026
$700,000
Initial Listing
Feb 4, 2022
$585,000
Public Record
Aug 19, 2015
$360,000
Public Record