605 Ruiz Street, Redlands, California 92374, Redlands, 92374 - 3 bed, 1 bath
ACTIVE$999,900
605 Ruiz Street, Redlands, California 92374
3Beds
1Bath
1,500Sqft
6,486Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Downtown Location: Located in the 'HEART OF DOWNTOWN REDLANDS,' offering excellent walkability and access to local amenities, businesses, and cultural attractions.
Top Cons:
Outdated Structure & Age: Built in 1951, the existing 3-bedroom, 1-bathroom home is likely outdated and may require significant renovation or demolition, especially if the intent is redevelopment.
Compared to the nearby listings
Price:$999.9K vs avg $602.5K (+$397,400)97%
Size:1,500 sqft vs avg 1,648 sqft42%
Price/sqft:$667 vs avg $35999%
More Insights
Built in 1951 (74 years old).
Condition: Built in 1951, this property is over 70 years old with no indication of major renovations in the past 50 years. The listing description explicitly targets investors/developers, emphasizing the land's value and zoning for redevelopment, and the AI analysis suggests the existing structure is 'outdated' and may require 'demolition.' The absence of interior photos, especially of the kitchen and single bathroom, further supports the conclusion that the structure itself holds little value and is likely beyond practical repair for modern living, making its value solely based on the land.
Year Built
1951
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
$667
HOA
-
Days on market
-
Sold On
-
MLS number
IG25105626
Home ConditionTear down
Features
Good View: City Lights
ViewCity Lights
About this home
NOW AVAILABLE, LOCATED IN THE HEART OF DOWNTOWN REDLANDS. THIS PROPERTY IS SITUATED IN THE VILLAGE CENTER PLANNED ZONE AND WILL BE A DELIGHTFUL ACQUISITION FOR YOUR PORTFOLIO. ANY INVESTOR/DEVELOPER SHOULD STOP IN THEIR TRACKS TO SEE THE VALUE IN THIS PROPERTY.
Condition Rating
Tear down
Built in 1951, this property is over 70 years old with no indication of major renovations in the past 50 years. The listing description explicitly targets investors/developers, emphasizing the land's value and zoning for redevelopment, and the AI analysis suggests the existing structure is 'outdated' and may require 'demolition.' The absence of interior photos, especially of the kitchen and single bathroom, further supports the conclusion that the structure itself holds little value and is likely beyond practical repair for modern living, making its value solely based on the land.
Pros & Cons
Pros
Prime Downtown Location: Located in the 'HEART OF DOWNTOWN REDLANDS,' offering excellent walkability and access to local amenities, businesses, and cultural attractions.
Significant Development Potential: Situated in the 'VILLAGE CENTER PLANNED ZONE' and explicitly marketed to investors/developers, indicating high potential for redevelopment, commercial use, or multi-unit projects.
Desirable City Lights View: The property features a 'City Lights' view, enhancing its aesthetic appeal and potential market value, especially for future developments.
Generous Lot Size: A 6,486 sqft lot in a downtown area provides ample space for potential expansion, landscaping, or a more substantial redevelopment project.
Reputable School District: Located within the 'Redlands Unified' High School District, which is often a strong selling point for families considering the area.
Cons
Outdated Structure & Age: Built in 1951, the existing 3-bedroom, 1-bathroom home is likely outdated and may require significant renovation or demolition, especially if the intent is redevelopment.
Limited Bathroom Count: With only one bathroom for a three-bedroom residence, the property falls below modern expectations for family living and could be a significant deterrent for owner-occupants.
High Price Point for Existing Home: The list price of $999,900 is substantial for a 1951, 1500 sqft home with one bathroom, suggesting the value is predominantly in the land and zoning, potentially narrowing the buyer pool to only serious investors/developers.