
Ridgecrest, CA 93555
This High-Potential Investment Opportunity is listed at $199,000, positioned well below the $206,955 Fair Market Value by 3%. This valuation gap offers $7,955 in Instant Equity. Featuring a Mint Condition Rating with a new roof, electrical panel, and stucco, this home offers a turnkey interior. The expansive 0.4-acre lot provides significant utility for RV parking or an ADU. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready asset with growth potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 716 W Church Avenue Subject 2 bd · 1 ba · 799 sqft · $259 | $199,000* List Price | 2 | 1 | 799 | $259 | - |
A 225 W French Ave Sold 2 bd · 1 ba · 720 sqft · $276 · 0.7 mi | $199,000 | 2 | 1 | 720 | $276 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1947, the property has undergone a complete recent remodel including a new roof, new electrical panel, and new stucco. The interior features modern luxury vinyl plank flooring, a fully renovated kitchen with updated cabinetry and countertops, and a refreshed bathroom, meeting the criteria for a mint-condition renovation under 5 years old.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17412, living area = 799.
The home features significant capital improvements including a new roof, new electrical panel, and fresh stucco, ensuring reduced immediate maintenance costs and enhanced safety for the buyer.
Situated on a rare 0.4-acre lot, the property provides ample space for RV parking, outdoor recreation, and significant potential for an ADU to generate rental income.
At only 799 square feet, the home's small footprint may be restrictive for growing families or buyers requiring dedicated home office space.
The 2-bedroom, 1-bathroom configuration can be a drawback for households with multiple occupants, potentially impacting daily convenience and future resale appeal.
Completely remodeled and thoughtfully updated, this charming 2-bedroom, 1-bath home offers approximately 799 square feet of comfortable living space on an expansive 0.4-acre lot measuring approximately 17,424 square feet. Inside, a bright, open layout showcases fresh paint, luxury vinyl plank flooring, and modern finishes throughout. The living and dining areas connect effortlessly to the beautifully renovated kitchen, featuring updated cabinetry, sleek countertops, and contemporary fixtures. The refreshed bathroom and inviting bedrooms add to the home's appeal, while major upgrades, including a new roof, new electrical panel, and brand-new stucco, provide additional value. The real standout is the oversized lot, offering plenty of room for RV parking, outdoor gatherings, gardening, or future improvements. With potential for an ADU, subject to buyer verification, the property also presents an opportunity to create additional living space or generate rental income. Whether you're searching for a move-in-ready home or an investment with room to grow, this property offers a combination of modern improvements, generous outdoor space, and exciting possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 1.0 | 1.3 |
| Square foot | 799 | 970.333 |
| Lot Size | 17,412 | 7,186.333 |
| Price | $199.0K | $236.0K |
| Price per sq ft | $249 | $255 |
| Built year | 1947 | 1963 |
| HOA | $0 | $164 |
| Days on market | 14 | 168 |
Oct 10, 2026
$199,000
Initial Listing
Oct 15, 2024
$89,000
Public Record
Sep 25, 2024
$60,000
Public Record
Sep 18, 2024
$22,500
Public Record