5566 Daisy, 29 Palms, California 92277, 29 Palms, 92277 - 2 bed, 1 bath
ACTIVE$170,000$870/sqft
Est. Value: $145,249
-14%
AboveEstimate
5566 Daisy, 29 Palms, California 92277
2Beds
1Bath
870Sqft
8,515Lot
Price Vs. Estimate
The estimated value ($145,249.04) is $24,750.96 (14%) lower than the list price ($170,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 8515, living area = 870.
Top Cons:
Significant Repair Requirements: The property requires substantial immediate repairs, including a roof leak in the kitchen, broken windows, a non-functional wall heater, and a non-operational swamp cooler.
Compared to the nearby listings
Price:$170.0K vs avg $260.2K ($-90,250)14%
Size:870 sqft vs avg 1,220 sqft19%
Price/sqft:$195 vs avg $22229%
More Insights
Built in 1978 (48 years old).
Condition: This property, built in 1978, is explicitly described as a 'light fixer' that will not qualify for traditional financing, indicating significant issues. The listing details and images confirm major defects including a roof leak in the kitchen, broken windows, and non-functional wall heater and swamp cooler. While the bathroom has a newer vanity, the kitchen is dated with older appliances and a visible ceiling leak. The flooring throughout is dated terracotta-style tile, and the overall condition requires substantial repairs and rehabilitation to address safety, soundness, and functionality.
Year Built
1978
Close
-
List price
$170K
Original List price
$170K
Price/Sqft
$195
HOA
-
Days on market
-
Sold On
-
MLS number
HD26008192
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Looking for a light fixer? Here you go! Perfect for a seasoned investor or someone looking to start their real estate profoilio! Once given some TLC this home will shine. Main fixes to note- There is a roof leak in the kitchen, a few broken windows, the wall heater does not work, nor does the swamp cooler on the roof, but there are window units. This property will not qualify for tranditional financing.
A
Allison Flatt
Listing Agent
Nearby schools
4/10
Oasis Elementary School
Public,•K-6•1.9mi
4/10
Twentynine Palms Junior High School
Public,•7-8•3.5mi
5/10
Twentynine Palms High School
Public,•9-12•1.5mi
Price History
Date
Event
Price
07/23/21
Sold
$186,000
03/28/08
Sold
$97,000
Condition Rating
Poor
This property, built in 1978, is explicitly described as a 'light fixer' that will not qualify for traditional financing, indicating significant issues. The listing details and images confirm major defects including a roof leak in the kitchen, broken windows, and non-functional wall heater and swamp cooler. While the bathroom has a newer vanity, the kitchen is dated with older appliances and a visible ceiling leak. The flooring throughout is dated terracotta-style tile, and the overall condition requires substantial repairs and rehabilitation to address safety, soundness, and functionality.
Pros & Cons
Pros
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 = 8515, living area = 870.
Investment Opportunity: Explicitly marketed as a 'light fixer' perfect for seasoned investors or those looking to start their real estate portfolio, indicating strong potential for value addition through renovation.
Affordable Price Point: With a list price of $170,000, this property offers a relatively low entry cost, making it an accessible option for cash buyers or investors seeking a project.
Generous Lot Size: The 8515 sqft lot provides ample outdoor space, offering potential for landscaping, expansion, or creating desirable outdoor living areas.
Single-Family Residence: As a single-family home, it appeals to a broad market segment and typically offers better long-term appreciation potential compared to other property types.
Good School Ratings Nearby: The property is located near schools with solid ratings (High School 5, Elementary/Middle 4), which can be a draw for families.
Cons
Significant Repair Requirements: The property requires substantial immediate repairs, including a roof leak in the kitchen, broken windows, a non-functional wall heater, and a non-operational swamp cooler.
Ineligible for Traditional Financing: The property's condition prevents it from qualifying for traditional financing, severely limiting the buyer pool to cash offers or specialized loan products.
Lack of Functional HVAC System: Both the wall heater and swamp cooler are non-functional, leaving only window units for climate control, which is a major comfort and efficiency drawback requiring significant investment to remedy.