61938 Oleander Drive, Joshua Tree, California 92252, Joshua Tree, 92252 - 3 bed, 1 bath
61938 Oleander Drive
Joshua Tree, California 92252
Property Price
SUMMARY
Analysis of 61938 Oleander Drive, Joshua Tree, California 92252 reveals a property with a current list price of $513,000, which is 3% above the estimated $494,141 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Joshua Tree Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 61938 Oleander Drive Subject | $513,000* List Price | 3 | 1 | 1,040 | $475 | - |
A 6029 Sunset Road Sold | $385,000 | 2 | 1 | 768 | $501 | 0.3 mi |
B 6123 Scenic Drive Active | $425,000 List Price | 3 | 1 | 1,040 | $409 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1990, the property has undergone a beautiful and meticulous renovation, as confirmed by the listing description and images. The kitchen features modern white shaker cabinets, stainless steel appliances, quartz countertops, and a stylish backsplash. The bathroom is also fully updated with a contemporary vanity, black fixtures, and clean tiling. New light wood-look flooring, recessed lighting, and fresh paint are present throughout. All visible components appear new or virtually new, meeting current quality standards and indicating an extensive renovation within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7475, living area = 1040.
- Extensive Upgrades & Modernization
The property has been beautifully and meticulously upgraded and remodeled, featuring modern appliances, endless natural light, and open living spaces, offering a contemporary and move-in ready interior.
- Turnkey Short-Term Rental Potential
Currently set up as a short-term rental, this property offers immediate income potential and a proven model, making it an attractive option for investors or those seeking a secondary income stream.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom for three bedrooms, the property may present practical challenges for families or multiple guests, potentially impacting its appeal for some buyers or short-term rental efficiency.
- Modest Interior Square Footage
At 1040 square feet, the interior living space is relatively modest for a three-bedroom home, which might be a consideration for those seeking more expansive indoor areas.
- Potential for Older Infrastructure
Despite extensive upgrades and remodels, the 1990 build year suggests that some underlying infrastructure (e.g., plumbing, electrical, HVAC) might not be fully modernized, potentially leading to future maintenance considerations.
About 61938 Oleander Drive
Beautifully & Meticulously Upgraded and Remodeled 3-bedroom home, currently set up as short-term rental, but also perfect starter or retirement home – ready for family or friends with big amenities! Modern appliances, endless natural light, and open living spaces. Rooms are themed, including full game room setup in the garage painted with Super Mario murals. Inviting front and back yards, featuring hammocks, cowboy pool with permanent deck, electric-start fire-pit, hot tub, and more. Gorgeous stylized fencing insures privacy in this quaint neighborhood near downtown, and only a short distance to the National Park. Plenty of hiking opportunities nearby, including hikes from home in the rocky hills just to the north. Fantastic opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 7,475 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Joshua Tree Unified Schools
Joshua Tree Elementary School
Grades K-6 • 0.2 mi
La Contenta Middle School
Grades 7-8 • 3.6 mi
Yucca Valley High School
Grades 9-12 • 6.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 52% |
| Baths | 1.0 | 2.0 | 39% |
| Square foot | 1,040 | 1,214 | 29% |
| Lot Size | 7,475 | 46,173.5 | 7% |
| Price | $513.0K | $406.8K | 66% |
| Price per sq ft | $493 | $336 | 76% |
| Built year | 1990 | 1980 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 332 | 190 | 88% |
Pricing History
Listed for Sale
Apr 9, 2025
$513,000
Initial Listing