622 Esther Way, Redlands, California 92373, Redlands, 92373 - 4 bed, 3 bath
622 Esther Way
Redlands, California 92373
Property Price
SUMMARY
Analysis of 622 Esther Way, Redlands, California 92373 reveals a Fairly Priced Property with a current list price of $685,000 aligned with the estimated $685,000 Fair Market Value. This represents a stable investment opportunity at market rate. 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 Redlands 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 |
|---|---|---|---|---|---|---|
★ 622 Esther Way Subject | $685,000* List Price | 4 | 3 | 1,746 | $392 | - |
A 624 Nottingham Sold | $675,000 | 4 | 2 | 1,620 | $417 | 0.8 mi |
B 230 Phlox Avenue Sold | $705,000 | 4 | 2 | 1,614 | $437 | 0.7 mi |
C 201 Primrose Sold | $663,000 | 4 | 2 | 1,438 | $461 | 0.6 mi |
D 628 W Fern Avenue Sold | $748,000 | 4 | 2 | 2,040 | $367 | 0.3 mi |
E 350 Sherwood Sold | $667,000 | 3 | 2 | 1,463 | $456 | 0.8 mi |
F 725 Robinhood Lane Sold | $680,000 | 4 | 3 | 2,039 | $333 | 0.6 mi |
G 726 Robinhood Active Under Contract | $699,000 List Price | 4 | 3 | 1,746 | $400 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1955, the property has undergone an extensive recent renovation within the last 5 years. The interior features a fully modernized kitchen with new shaker-style cabinetry, stone countertops, and stainless steel appliances. The bathrooms have been completely updated with contemporary tile work and new vanities. With new flooring throughout, recessed lighting, and updated windows, the home meets current quality standards with no visible deferred maintenance.
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 = 8505, living area = 1746.
- Dual-Income Potential
The property features a back bedroom suite with a private entrance and laundry, offering a turnkey opportunity for an ADU conversion or high-yield rental income.
- Turnkey Renovations
Recently updated and move-in ready, this home allows buyers to avoid the costs and delays associated with immediate repairs or modernization.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Originally built in 1955, the property may have aging underlying systems that require ongoing maintenance despite the recent aesthetic renovations.
- Pricing Volatility
Significant price reductions from the original listing suggest a misalignment with current market expectations, which could impact perceived value during negotiations.
About 622 Esther Way
Calling All Long term or Short term Investors! Located in one of Redlands’ most sought-after neighborhoods, this newly renovated 1,746 sq. ft. home presents an outstanding investment opportunity. Featuring 4 bedrooms and 3 bathrooms on an expansive 8,505 sq. ft. lot, the property offers versatile living options and strong rental potential. The back bedroom suite includes its own private bathroom, laundry area, and separate backyard entrance—perfect for conversion into an ADU studio or rental unit. Investors will appreciate the potential for dual income, with the ADU studio estimated to rent for up to $1,500/month and the main home commanding up to $3,500/month. Or Imagine having you're own Short term rental business and bring in even more investment income! Conveniently situated near shopping, dining, and all that Redlands has to offer, this property is ideal for house hackers, income property seekers, or anyone looking to maximize return on investment while enjoying a comfortable, move-in-ready home in a prime location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 8,505 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 50% |
| Square foot | 1,746 | 2,060 | 36% |
| Lot Size | 8,505 | 10,948 | 33% |
| Price | $685.0K | $785.0K | 34% |
| Price per sq ft | $392 | $384 | 54% |
| Built year | 1955 | 1963 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 240 | 177 | 81% |
Pricing History
Listed for Sale
Dec 16, 2025
$685,000
$698,000
-2% Price Drop
Initial Listing
Price Change
Sep 19, 2025
$698,000
$750,000
-7% Price Drop
Initial Listing
Price Change
Jul 10, 2025
$750,000
Initial Listing