642 W Olive St, San Bernardino, California 92410, San Bernardino, 92410 - 2 bed, 1 bath
ACTIVE$390,000
642 W Olive St, San Bernardino, California 92410
2Beds
1Bath
977Sqft
2,408Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Recent Price Reduction: The property has undergone a significant price reduction from its original list price, making it more competitive and attractive to potential buyers.
Top Cons:
Age of Property: Built in 1938, the home is older and may require ongoing maintenance or updates to its systems and aesthetics.
Compared to the nearby listings
Price:$390.0K vs avg $442.5K ($-52,500)21%
Size:977 sqft vs avg 1,227 sqft30%
Price/sqft:$399 vs avg $36662%
More Insights
Built in 1938 (87 years old).
Condition: Built in 1938, this property is significantly aged. While it benefits from central A/C and solar panels, the lack of interior images, particularly for the kitchen and bathroom, combined with the property's age and visible exterior deferred maintenance (overgrown yard, rusted gate), strongly suggests these critical areas are very outdated and require substantial renovation. The property likely needs extensive updates to plumbing, electrical, and finishes to meet modern living standards, aligning with the 'poor' condition criteria.
Year Built
1938
Close
-
List price
$390K
Original List price
$410K
Price/Sqft
$399
HOA
-
Days on market
-
Sold On
-
MLS number
CV25150770
Home ConditionPoor
Features
View-
About this home
PRICE REDUCTION !!! Good Opportunity for First time Buyer's and Investors.Cute Home in San Bernardino, 2 Bedrooms and 1 Bathroom, 1 Car Garage Detached , laundry inside the House. Close to Shopping's,Schools and Freeways. Property has a Solar panels ( Buyer has to be qualified for Contract Purchase Transfer )Also the Property has a Central A/C. At Close of Escrow, property will be deliver Vacant and Clean. Call the Listing Agent for details and Check the Private remarks.
Condition Rating
Poor
Built in 1938, this property is significantly aged. While it benefits from central A/C and solar panels, the lack of interior images, particularly for the kitchen and bathroom, combined with the property's age and visible exterior deferred maintenance (overgrown yard, rusted gate), strongly suggests these critical areas are very outdated and require substantial renovation. The property likely needs extensive updates to plumbing, electrical, and finishes to meet modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Recent Price Reduction: The property has undergone a significant price reduction from its original list price, making it more competitive and attractive to potential buyers.
Central Air Conditioning: Equipped with central A/C, providing a desirable comfort feature, especially in warmer climates.
Solar Panels: The presence of solar panels offers potential for reduced energy costs, enhancing long-term affordability.
Convenient Location: Strategically located close to shopping centers, schools, and major freeways, offering ease of access and daily convenience.
Move-in Ready Condition: The property will be delivered vacant and clean at the close of escrow, facilitating a smooth and immediate move-in for the new owner.
Cons
Age of Property: Built in 1938, the home is older and may require ongoing maintenance or updates to its systems and aesthetics.
Solar Panel Contract Transfer: The buyer must qualify for the existing solar panel contract transfer, which could introduce an additional qualification process and financial commitment.
Compact Size: With 977 sqft of living space and a 2408 sqft lot, the property offers limited space, which may not suit all buyer needs or preferences.