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7216 E University, Fresno, California 93737, Fresno, 93737 - 3 bed, 2 bath

7216 E University, Fresno, California 93737 home-pic-0
ACTIVE$485,000
7216 E University, Fresno, California 93737
3Beds
2Baths
1,600Sqft
6,283Lot

Price Vs. Estimate

The estimated value ($443,998.555) is $41,001.445 (8%) lower than the list price ($485,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction: Built in 2022, this home offers modern design, up-to-date building codes, and minimal immediate maintenance concerns for buyers.
Top Cons:
Overpriced Relative to Estimation: The current listing price is approximately 9% higher than the property's estimated market value, potentially impacting buyer interest and market time.

Compared to the nearby listings

Price:$485.0K vs avg $520.0K ($-35,000)40%
Size:1,600 sqft vs avg 1,688 sqft40%
Price/sqft:$303 vs avg $30260%

More Insights

Built in 2022 (3 years old).
Condition: The property was built in 2022, making it a new construction. It features modern finishes, new stainless steel appliances, LED lighting, and an owned solar system. All components, including the kitchen and bathrooms, are new or virtually new with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Year Built
2022
Close
-
List price
$485K
Original List price
$495K
Price/Sqft
$303
HOA
-
Days on market
-
Sold On
-
MLS number
FR25250486
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Come visit this beautiful 3-bedroom, 2-bath single-story home built in 2022! Featuring an owned solar system, tile roof, this move-in ready home offers an open-concept floor plan with modern finishes throughout. The kitchen boasts stainless steel appliances, a gas stove, LED lighting, and durable vinyl plank flooring perfect for cooking and entertaining. Enjoy the convenience of indoor laundry on your way to the spacious 2-car garage. The primary suite includes a large bathroom and a generous walk-in closet. Additional bedrooms feature LED recessed lighting and cozy carpet. Outside is the large backyard with a concrete patio, ideal for relaxing or hosting gatherings. With its modern design, energy efficiency, and thoughtful layout, this home truly has it all!

Price History

Date
Event
Price
04/01/22
Sold
$426,000
Condition Rating
Excellent
The property was built in 2022, making it a new construction. It features modern finishes, new stainless steel appliances, LED lighting, and an owned solar system. All components, including the kitchen and bathrooms, are new or virtually new with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

New Construction: Built in 2022, this home offers modern design, up-to-date building codes, and minimal immediate maintenance concerns for buyers.
Energy Efficiency: Equipped with an owned solar system and a durable tile roof, providing significant long-term energy cost savings and environmental benefits.
Modern & Move-in Ready Interior: Features an open-concept floor plan with modern finishes, stainless steel appliances, LED lighting, and vinyl plank flooring, appealing to contemporary tastes.
Thoughtful Layout & Amenities: Includes a spacious primary suite with a large bathroom and walk-in closet, convenient indoor laundry, and a 2-car garage, enhancing daily living.
Outdoor Living Space: A large backyard with a concrete patio provides an ideal setting for relaxation, entertaining, and outdoor activities.

Cons

Overpriced Relative to Estimation: The current listing price is approximately 9% higher than the property's estimated market value, potentially impacting buyer interest and market time.
Recent Price Reduction: A recent price drop from $495,000 to $485,000 suggests the initial pricing may have been too high or the property is facing challenges attracting offers.
Standard Neighborhood View: While offering a view, it is described as 'Neighborhood,' which typically lacks the premium appeal and value enhancement of more desirable views like city, mountain, or water.

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