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7421 Bannock Trail, Yucca Valley, California 92284, Yucca Valley, 92284 - 3 bed, 1 bath

7421 Bannock Trail, Yucca Valley, California 92284 home-pic-0
ACTIVE$234,900
7421 Bannock Trail, Yucca Valley, California 92284
3Beds
1Bath
980Sqft
19,000Lot

Price Vs. Estimate

The estimated value ($234,900) is $0 (0%) lower than the list price ($234,900). 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 = 19000, living area = 980.
Top Cons:
Single Bathroom: As a 3-bedroom home, having only one bathroom may be a limiting factor for families or short-term rental guests, potentially impacting convenience and market appeal.

Compared to the nearby listings

Price:$234.9K vs avg $380.0K ($-145,100)8%
Size:980 sqft vs avg 1,495 sqft16%
Price/sqft:$240 vs avg $25940%

More Insights

Built in 1961 (64 years old).
Condition: Despite being built in 1961, the property has undergone extensive recent renovations, as confirmed by the description and images. The kitchen features new grey cabinets, modern countertops, a new backsplash, sink, faucet, and an island. The bathroom boasts new marble-look tile in the shower and a new shower pan. Throughout the home, there is new tile flooring and recessed LED lighting, giving the interior a virtually new and modern feel. These comprehensive updates meet current quality standards, making the property move-in ready with no deferred maintenance.
Year Built
1961
Close
-
List price
$235K
Original List price
$295K
Price/Sqft
$240
HOA
-
Days on market
-
Sold On
-
MLS number
219132930DA
Home ConditionExcellent
Features
Good View:
View-

About this home

Great opportunity to own a charming 3-bedroom, 1-bath home on an approximately 19,000 SF lot. It is currently being updated with new tile, new carpet, new cabinets, new countertops, new shower, sinks, LED lights, and more. The open kitchen includes an island. This home is on a fee land and you own the lot, no HOA. Your imagination will run wild with the open and vast backyard, making it the perfect place to start a backyard project. This property is suitable as a short-term rental, investment property, vacation home, or first-time residence. Buyers may look into different financing options like FHA, VA, 0% down, or Seller May Carry. (Buyers MUST verify with the City the availability of a short-term rental permit if applicable). This home is located near town life, including shops, restaurants, stores, and special events like the Gubler Orchid festival. Additionally, it lies between the lush Palm Springs, Joshua Tree National Park, and neighboring cities. Come see this wonderful home TODAY!FYI:

Nearby schools

3/10
Yucca Valley Elementary School
Public,•K-6•0.6mi
3/10
La Contenta Middle School
Public,•7-8•4.2mi
4/10
Yucca Valley High School
Public,•9-12•1.1mi
Condition Rating
Excellent
Despite being built in 1961, the property has undergone extensive recent renovations, as confirmed by the description and images. The kitchen features new grey cabinets, modern countertops, a new backsplash, sink, faucet, and an island. The bathroom boasts new marble-look tile in the shower and a new shower pan. Throughout the home, there is new tile flooring and recessed LED lighting, giving the interior a virtually new and modern feel. These comprehensive updates meet current quality standards, making the property move-in ready with no deferred maintenance.
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 = 19000, living area = 980.
Extensive Recent Updates: The property is undergoing significant renovations including new tile, carpet, cabinets, countertops, shower, sinks, and LED lights, offering a refreshed and modern interior.
Generous Lot Size: Situated on an approximately 19,000 SF lot, providing ample outdoor space for expansion, landscaping, or recreational projects.
High Investment Versatility: Ideal for various purposes including short-term rental, investment property, vacation home, or a first-time residence, appealing to a broad buyer pool.
No HOA & Fee Simple Ownership: The property is on fee land with no Homeowners Association, offering full ownership rights and avoiding additional monthly fees.
Strategic Regional Location: Positioned conveniently near local amenities (shops, restaurants) and major attractions like Joshua Tree National Park and Palm Springs, enhancing its appeal for residents and tourists.

Cons

Single Bathroom: As a 3-bedroom home, having only one bathroom may be a limiting factor for families or short-term rental guests, potentially impacting convenience and market appeal.
History of Price Reductions: The listing has seen multiple significant price drops from its original list price, which could suggest initial overpricing or market challenges.
STR Permit Uncertainty: Buyers interested in short-term rental use must verify permit availability with the City, introducing a potential hurdle or uncertainty for a key investment strategy.

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