7111 Colwyn Ave, Highland, California 92346, Highland, 92346 - 4 bed, 3 bath
ACTIVE$555,000
7111 Colwyn Ave, Highland, California 92346
4Beds
3Baths
1,414Sqft
8,280Lot
Price Vs. Estimate
The estimated value ($190,565.61) is $364,434.39 (65%) lower than the list price ($555,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 8280, living area = 1414.
Top Cons:
Significant Price Discrepancy: The listing price of $555,000 is substantially higher than the estimated property value of $190,565.61, indicating a potential overvaluation that may deter buyers or require strong justification.
Compared to the nearby listings
Price:$555.0K vs avg $585.0K ($-30,000)40%
Size:1,414 sqft vs avg 1,809 sqft21%
Price/sqft:$393 vs avg $31683%
More Insights
Built in 1956 (69 years old).
Condition: Despite being built in 1956, the property has undergone significant recent renovations, including new laminated floors throughout, a fully renovated kitchen with modern white shaker cabinets, light countertops, stainless steel appliances, and subway tile backsplash. The bathrooms have also been updated with new vanities, sinks, and modern white subway tile in the showers. A new water heater is also noted. These updates make the interior move-in ready with no immediate renovations required. While some minor elements like basic light fixtures in certain rooms and a visible wall heater (suggesting no central HVAC) prevent an 'Excellent' rating, the extensive and recent interior upgrades align well with the 'Good' condition criteria.
Year Built
1956
Close
-
List price
$555K
Original List price
$555K
Price/Sqft
$393
HOA
-
Days on market
-
Sold On
-
MLS number
PW25118945
Home ConditionGood
Features
Good View: Neighborhood
Patio
ViewNeighborhood
About this home
Welcome to this beautiful single-story home with new laminated floors, renovated kitchen, new water heater, located in the heart of Highland, right next to San Manuel Casino. This charming property features three comfortable bedrooms, a versatile bonus room, and two well-appointed bathrooms. The cozy renovated kitchen is perfect for home-cooked meals, while the inviting living room offers a great space for a family and relaxation. The property with a huge front yard with a large driveway, providing a lot of parking space. The expansive backyard with access and potential of building ADU or create a personalized outdoor oasis. Don't miss out on this rare opportunity to own a home with so much potential
Condition Rating
Good
Despite being built in 1956, the property has undergone significant recent renovations, including new laminated floors throughout, a fully renovated kitchen with modern white shaker cabinets, light countertops, stainless steel appliances, and subway tile backsplash. The bathrooms have also been updated with new vanities, sinks, and modern white subway tile in the showers. A new water heater is also noted. These updates make the interior move-in ready with no immediate renovations required. While some minor elements like basic light fixtures in certain rooms and a visible wall heater (suggesting no central HVAC) prevent an 'Excellent' rating, the extensive and recent interior upgrades align well with the 'Good' condition criteria.
Pros & Cons
Pros
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 = 8280, living area = 1414.
Recent Upgrades: The property features new laminated floors, a renovated kitchen, and a new water heater, providing modern aesthetics and reduced immediate maintenance for buyers.
ADU Potential: The expansive backyard with access offers significant potential for building an Accessory Dwelling Unit (ADU) or creating a personalized outdoor oasis, adding future value or rental income.
Generous Outdoor Space & Parking: A huge front yard and large driveway provide ample parking space, complemented by an expansive backyard (8,280 sqft lot) ideal for various outdoor activities.
Flexible Living Space: With 4 bedrooms and 3 bathrooms, including a versatile bonus room, the property offers adaptable living arrangements suitable for families or home office needs.
Strategic Location: Situated in the heart of Highland, right next to San Manuel Casino, the location offers convenient access to entertainment, dining, and potential employment opportunities.
Cons
Significant Price Discrepancy: The listing price of $555,000 is substantially higher than the estimated property value of $190,565.61, indicating a potential overvaluation that may deter buyers or require strong justification.
Older Construction: Built in 1956, the home's older construction, despite recent cosmetic updates, may still present concerns regarding the condition of underlying systems (e.g., plumbing, electrical, HVAC) not explicitly mentioned as updated.
Casino Proximity Concerns: While a potential draw for some, being 'right next to San Manuel Casino' could be a deterrent for buyers sensitive to potential noise, increased traffic, or the general environment associated with a large entertainment venue.