5645 Cahuilla Avenue, 29 Palms, California 92277, 29 Palms, 92277 - 3 bed, 2 bath
ACTIVE$279,000
5645 Cahuilla Avenue, 29 Palms, California 92277
3Beds
2Baths
1,218Sqft
8,905Lot
Price Vs. Estimate
The estimated value ($176,335.755) is $102,664.245 (36%) lower than the list price ($279,000). 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 = 8905, living area = 1218.
Top Cons:
Extensive Renovation Required: The description 'perfect place to give some TLC' strongly indicates the property is in need of significant repairs, updates, and modernization, requiring substantial capital and effort from the buyer.
Compared to the nearby listings
Price:$279.0K vs avg $279.4K ($-450)50%
Size:1,218 sqft vs avg 1,248 sqft47%
Price/sqft:$229 vs avg $22453%
More Insights
Built in 1980 (45 years old).
Condition: Built in 1980, this property is explicitly marketed as an 'INVESTOR ALERT!' needing 'TLC,' which is evident throughout the images. The kitchen is in very poor condition with damaged cabinets, old laminate countertops, and messy flooring, requiring a full gut renovation. Bathrooms are dated with basic fixtures and show signs of wear. Flooring consists of stained carpets and damaged laminate, and walls are dirty, indicating a need for extensive repairs, updates, and rehabilitation to be habitable and meet modern standards.
Year Built
1980
Close
-
List price
$279K
Original List price
$279K
Price/Sqft
$229
HOA
-
Days on market
-
Sold On
-
MLS number
RW24174757
Home ConditionPoor
Features
Patio
View-
About this home
INVESTOR ALERT! It's the perfect place to give some TLC and create a beautiful home.
Nearby schools
4/10
Oasis Elementary School
Public,•K-6•1.5mi
4/10
Twentynine Palms Junior High School
Public,•7-8•3.1mi
5/10
Twentynine Palms High School
Public,•9-12•1.2mi
Condition Rating
Poor
Built in 1980, this property is explicitly marketed as an 'INVESTOR ALERT!' needing 'TLC,' which is evident throughout the images. The kitchen is in very poor condition with damaged cabinets, old laminate countertops, and messy flooring, requiring a full gut renovation. Bathrooms are dated with basic fixtures and show signs of wear. Flooring consists of stained carpets and damaged laminate, and walls are dirty, indicating a need for extensive repairs, updates, and rehabilitation to be habitable and meet modern standards.
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 = 8905, living area = 1218.
Investment Potential: Explicitly marketed as an 'INVESTOR ALERT!' with potential to 'create a beautiful home' through renovation, suggesting significant upside for value appreciation post-rehab.
Accessible Price Point: A list price of $279,000 offers a relatively affordable entry into homeownership or real estate investment in California, particularly for a 3-bedroom property.
Functional Layout: With 3 bedrooms and 2 bathrooms, the property offers a practical and desirable configuration suitable for families or potential rental income.
Generous Lot Size: The 8905 sqft lot provides ample outdoor space, offering possibilities for landscaping, expansion, or recreational use.
Proximity to Schools: Located within a reasonable distance to multiple schools (elementary, middle, high) with good ratings, enhancing its appeal to families.
Cons
Extensive Renovation Required: The description 'perfect place to give some TLC' strongly indicates the property is in need of significant repairs, updates, and modernization, requiring substantial capital and effort from the buyer.
Age of Property: Built in 1980, the home is over four decades old, likely necessitating updates to major systems (HVAC, plumbing, electrical) and cosmetic finishes to meet modern standards and efficiency.
Significant Valuation Discrepancy: The listing price of $279,000 is substantially higher than the estimated value of $162,280.345 (estimation ratio -41%), which could pose challenges for financing and suggests potential overpricing in its current condition.