7387 Lynwood Way, Highland, California 92346, Highland, 92346 - 3 bed, 2 bath
ACTIVE$494,999
7387 Lynwood Way, Highland, California 92346
3Beds
2Baths
981Sqft
7,650Lot
Price Vs. Estimate
The estimated value ($360,569.515) is $134,429.485 (27%) lower than the list price ($494,999). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Potential & Generous Lot Size: The 7,650 sq ft lot explicitly allows for the construction of an Accessory Dwelling Unit (ADU), offering significant value addition, potential rental income, or expanded living space.
Top Cons:
Compact Interior Square Footage: At 981 sq ft for a 3-bedroom, 2-bathroom home, the interior living space is relatively small, which may feel restrictive or cramped for some buyers, particularly larger families.
Compared to the nearby listings
Price:$495.0K vs avg $585.0K ($-90,001)15%
Size:981 sqft vs avg 1,806 sqft3%
Price/sqft:$505 vs avg $31697%
More Insights
Built in 1948 (77 years old).
Condition: Built in 1948, this property features a very dated kitchen with older wood cabinets, laminate countertops, and basic appliances. The bathrooms are also significantly outdated, with basic vanities, older fixtures, and a mix of basic tile and fiberglass inserts. The heating system is a wall-mounted furnace, and cooling relies on a window AC unit, indicating a lack of central HVAC. While the property appears to be maintained, the major systems and aesthetic components require substantial repairs and rehabilitation to meet current standards for comfort and style.
Year Built
1948
Close
-
List price
$495K
Original List price
$495K
Price/Sqft
$505
HOA
-
Days on market
-
Sold On
-
MLS number
CV25235871
Home ConditionPoor
Features
ViewNeighborhood
About this home
Beautiful single story home. Well taking care of. This home has 3 bedrooms and 2 bath with a 7,650 sq ft lot where it can perfectly fit to build and ADU. Don't miss this opportunity schedule a showing today before is gone.
Condition Rating
Poor
Built in 1948, this property features a very dated kitchen with older wood cabinets, laminate countertops, and basic appliances. The bathrooms are also significantly outdated, with basic vanities, older fixtures, and a mix of basic tile and fiberglass inserts. The heating system is a wall-mounted furnace, and cooling relies on a window AC unit, indicating a lack of central HVAC. While the property appears to be maintained, the major systems and aesthetic components require substantial repairs and rehabilitation to meet current standards for comfort and style.
Pros & Cons
Pros
ADU Potential & Generous Lot Size: The 7,650 sq ft lot explicitly allows for the construction of an Accessory Dwelling Unit (ADU), offering significant value addition, potential rental income, or expanded living space.
Well-Maintained Single-Story Home: Described as 'beautiful' and 'well taken care of,' this single-story residence suggests move-in readiness, reduced immediate repair costs, and broad appeal due to its accessible layout.
Functional Bedroom/Bathroom Count: The 3-bedroom, 2-bathroom configuration is a highly sought-after layout, providing ample space for families or individuals seeking a practical and comfortable living arrangement.
Highland Market Accessibility: Located in Highland, the property offers a potentially more accessible entry point into the Southern California housing market compared to more expensive coastal regions, while still providing community amenities.
Investment Opportunity: The combination of a well-maintained home, a desirable lot size with ADU potential, and a functional layout positions this property as an attractive investment for future appreciation or rental income.
Cons
Compact Interior Square Footage: At 981 sq ft for a 3-bedroom, 2-bathroom home, the interior living space is relatively small, which may feel restrictive or cramped for some buyers, particularly larger families.
Age of Property: Built in 1948, the home is over 75 years old. While described as well-maintained, older properties can inherently carry a higher risk of needing updates to major systems (e.g., plumbing, electrical, HVAC) in the near future.
Listing Price Above Estimated Value: The current listing price of $494,999 is approximately 9% higher than the estimated property value of $447,876, which could impact buyer perception, negotiation leverage, and time on market.