7141 Elmwood, San Bernardino, California 92404, San Bernardino, 92404 - 2 bed, 1 bath
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7141 Elmwood
San Bernardino, California 92404
ACTIVE
CONDITION: GOOD
2Beds
1Baths
1,092Sq Ft
12,096Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$449,839
SUMMARY
This Single-Family Residence represents a Prime Investment Opportunity, listed at $450,000—positioned well below the $463,695 Fair Market Value by 2%. This valuation gap provides $13,695 in Instant Equity. With a Good Condition Rating and a generous 12,096 sqft lot, the property offers significant potential for an ADU or outdoor expansion. While the interior footprint is compact, the 2006 construction provides modern infrastructure. This asset is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking long-term value.
Estimated Market Value
$449,839
Based on Realkey algorithm analyzing recent comparable sales in San Bernardino.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7141 Elmwood Subject | $450,000* List Price | 2 | 1 | 1,092 | $412 | - |
A 7221 Osbun Sold | $510,000 | 3 | 2 | 1,052 | $485 | 0.2 mi |
B 7216 Del Rosa Avenue Sold | $350,000 | 2 | 2 | 1,000 | $350 | 0.1 mi |
C 25580 Byron Sold | $525,000 | 3 | 1 | 1,123 | $467 | 0.4 mi |
D 7250 Del Rosa Avenue Sold | $460,000 | 3 | 1 | 995 | $462 | 0.1 mi |
E 1325 Cedar Sold | $475,000 | 3 | 2 | 1,415 | $336 | 0.9 mi |
F 6937 Perris Hill Park Sold | $425,000 | 2 | 2 | 1,350 | $315 | 0.8 mi |
G 25144 19th Sold | $420,000 | 3 | 1 | 1,226 | $343 | 0.6 mi |
H 7139 Osbun Active | $425,000 List Price | 2 | 1 | 1,014 | $419 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006, the property is approximately 18-20 years old, placing it within the 'Good' age bracket. While the exterior shows deferred maintenance (unkept landscaping), the structure is relatively modern. Systems and interiors are likely original and functional, though nearing the age where updates will be needed.
PROSSTRENGTHS & OPPORTUNITIES
- Expansive Lot Size
The property features a generous 12,096 sqft lot, providing significant potential for an ADU, pool, or customized outdoor entertainment space.
- Modern Construction
Built in 2006, this home is considerably newer than many surrounding properties in San Bernardino, offering more modern building standards and infrastructure.
- Competitive Entry-Level Pricing
Priced at $450,000, this residence offers an accessible entry point and exceptional value for first-time homebuyers looking for a detached single-family home.
CONSRISKS & DEFICIENCIES
- Limited Bathroom Count
With only one bathroom serving three bedrooms, the layout may be a significant inconvenience for growing families and could impact future resale value.
- Compact Living Area
At 1,092 square feet, the interior footprint is relatively small for a three-bedroom home, potentially resulting in tighter bedroom dimensions and limited common space.
About 7141 Elmwood
You've found it—welcome home! Nestled in a quiet, established neighborhood of San Bernardino, this charming single-story residence offers 3 bedrooms, 1 bathroom, and a spacious lot with plenty of room to relax, entertain, or create your dream outdoor space. Whether you're a first-time home buyer, or have growing family, this home offers exceptional potential and value. Conveniently located near shopping, dining, schools, and major freeway access, you'll enjoy both comfort and convenience. Don't miss this incredible opportunity—an outstanding value at an unbeatable price for buyers looking to make San Bernardino their home!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2006
- Lot Size
- 12,096 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,092 | 1,336.28 |
| Lot Size | 12,096 | 7,410.822 |
| Price | $450.0K | $519.7K |
| Price per sq ft | $412 | $377 |
| Built year | 2006 | 1955 |
| HOA | $0 | $121 |
| Days on market | 35 | 61 |
Pricing History
Listed for Sale
Aug 5, 2026
$450,000
Initial Listing
Sold
Jul 18, 2018
$260,000
Public Record
Sold
Apr 21, 2017
$175,000
Public Record
Sold
Nov 8, 2004
$190,000
Public Record
Sold
Apr 14, 2004
$100,000
Public Record