566 E Santa Fe Street, San Bernardino, California 92408, San Bernardino, 92408 - 2 bed, 1 bath
ACTIVE$799,950
566 E Santa Fe Street, San Bernardino, California 92408
2Beds
1Bath
660Sqft
27,950Lot
Price Vs. Estimate
Estimation data not available
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 = 27950, living area = 660.
Top Cons:
Age and Condition of Existing Structure: Built in 1936, the existing 660 sqft home is old and small, likely requiring demolition or extensive renovation, which adds significant cost and time to any development project.
Compared to the nearby listings
Price:$800.0K vs avg $505.0K (+$294,950)95%
Size:660 sqft vs avg 1,213.5 sqft5%
Price/sqft:$1.2K vs avg $38295%
More Insights
Built in 1936 (89 years old).
Condition: Built in 1936, the property's listing explicitly states 'Value is in development' and that the existing home is 'likely requiring demolition or extensive renovation.' The exterior images show severe neglect, overgrown vegetation, and significant debris, reinforcing that the structure is beyond repair for residential use and its value lies solely in the land.
Year Built
1936
Close
-
List price
$800K
Original List price
$825K
Price/Sqft
$1,212
HOA
-
Days on market
-
Sold On
-
MLS number
IG24218049
Home ConditionTear down
Features
View-
About this home
Large 27,950 sqft lot (.642 acres) ripe for development. Home on property. Value is in development.
Condition Rating
Tear down
Built in 1936, the property's listing explicitly states 'Value is in development' and that the existing home is 'likely requiring demolition or extensive renovation.' The exterior images show severe neglect, overgrown vegetation, and significant debris, reinforcing that the structure is beyond repair for residential use and its value lies solely in the land.
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 = 27950, living area = 660.
Exceptional Development Potential: The property is explicitly marketed with its 'Value is in development' and described as 'ripe for development,' indicating significant potential for future projects.
Generous Lot Size: A substantial 27,950 sqft (.642 acres) lot provides ample space and flexibility for various development opportunities, which is a rare asset in urban areas.
Strategic Location: Located in San Bernardino, a city undergoing growth and development, which could offer a favorable environment for new construction or investment projects.
Recent Price Adjustment: The list price has been reduced from $825,000 to $799,950, potentially signaling increased seller motivation and offering better value for a prospective developer.
Active Listing Status: The property is currently active on the market, allowing for immediate acquisition and the commencement of development planning without delay.
Cons
Age and Condition of Existing Structure: Built in 1936, the existing 660 sqft home is old and small, likely requiring demolition or extensive renovation, which adds significant cost and time to any development project.
Limited Residential Appeal: The explicit focus on 'Value is in development' suggests the existing 2-bed, 1-bath home holds minimal intrinsic value for residential living, making it unsuitable for buyers seeking a move-in ready property.
Potential Demolition Costs: Given the property's age and the emphasis on development, the most probable path involves demolishing the existing structure, incurring additional costs and requiring specific permits.