5865 Reo Ter B, San Diego, California 92139, San Diego, 92139 - 2 bed, 3 bath
ACTIVE$523,500
5865 Reo Ter B, San Diego, California 92139
2Beds
3Baths
1,240Sqft
208,974Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Accessibility: The townhome is conveniently located minutes from Westfield Bonita Plaza Mall and CA-54, offering excellent access to shopping, dining, and major transportation routes for easy commuting.
Top Cons:
Potential for Deferred Maintenance/Updates: Having been a rental for many years, the property likely requires significant cosmetic and functional updates to modernize it and address potential wear and tear, which could be a substantial additional cost for a buyer.
Compared to the nearby listings
Price:$523.5K vs avg $500.0K (+$23,500)59%
Size:1,240 sqft vs avg 1,080 sqft82%
Price/sqft:$422 vs avg $50524%
More Insights
Built in 1982 (43 years old).
Condition: The property, built in 1982, is 42 years old. The kitchen features significantly outdated white tile countertops, white tile flooring, and older cabinets, indicating it has not undergone a major renovation in decades. While one bathroom shows a recent cosmetic update with a modern vanity and faucet, the overall style and age of the property, combined with its history as a long-term rental, suggest that major systems and aesthetics are outdated and will require substantial updates to meet current standards, particularly in the kitchen and other bathrooms.
Year Built
1982
Close
-
List price
$524K
Original List price
$524K
Price/Sqft
$422
HOA
$525
Days on market
-
Sold On
-
MLS number
250042994SD
Home ConditionFair
Features
Deck
View-
About this home
Lovely townhome community located minutes from Westfield Bonita Plaza Mall and CA-54. Get anywhere fast! This 2 bedroom, 2.5 bath had been a rental for many years and is now available to make it your own. Home features a large living room with a lovely fireplace, kitchen overlooking the back patio, separate dining room, a 1/2 bath, and full size laundry room, all downstairs. Dual master bedrooms upstairs - take your pick which you prefer, with or without a balcony! Parking includes a 1 car detached garage, plus 1 additional assigned space. Complex also features a lovely swimming pool and play area. Perfect starter home or rental. Do not wait!
Price History
Date
Event
Price
12/30/94
Sold
$104,000
Condition Rating
Fair
The property, built in 1982, is 42 years old. The kitchen features significantly outdated white tile countertops, white tile flooring, and older cabinets, indicating it has not undergone a major renovation in decades. While one bathroom shows a recent cosmetic update with a modern vanity and faucet, the overall style and age of the property, combined with its history as a long-term rental, suggest that major systems and aesthetics are outdated and will require substantial updates to meet current standards, particularly in the kitchen and other bathrooms.
Pros & Cons
Pros
Prime Location & Accessibility: The townhome is conveniently located minutes from Westfield Bonita Plaza Mall and CA-54, offering excellent access to shopping, dining, and major transportation routes for easy commuting.
Community Amenities: The complex features desirable amenities such as a swimming pool and a play area, enhancing the lifestyle and recreational opportunities for residents.
Versatile Investment Potential: Described as a 'perfect starter home or rental,' this property appeals to a broad range of buyers, including first-time homeowners and investors looking for income-generating assets.
Functional Layout & Desirable Features: The home boasts a practical layout with a large living room and fireplace, a separate dining room, a full-size downstairs laundry room, and dual master bedrooms upstairs, one with a balcony option.
Ample Parking: The property includes a 1-car detached garage plus an additional assigned parking space, providing convenient and sufficient parking for residents.
Cons
Potential for Deferred Maintenance/Updates: Having been a rental for many years, the property likely requires significant cosmetic and functional updates to modernize it and address potential wear and tear, which could be a substantial additional cost for a buyer.
Property Age: Built in 1982, the home is over 40 years old, suggesting that major systems (e.g., HVAC, plumbing, electrical) may be original and nearing the end of their useful life, potentially incurring future replacement costs.
High Monthly Association Fee: The $525 monthly association fee is considerable for a 2-bedroom townhome, which could impact affordability for buyers and reduce net income for investors, especially if it doesn't include all utilities.