7653 Phelan, Phelan, California 92371, Phelan, 92371 - 4 bed, 3 bath
Loading property details...
Phelan, California 92371
This Value-Add Short Sale offers a substantial 3,135-square-foot floor plan with a List Price of $525,000, currently positioned above the $455,913 Fair Market Value. Despite the current valuation, the property provides a significant footprint on an Expansive 1.5-Acre Lot featuring a Patio and unobstructed Mountain Views. With a Fair Condition Rating and original 1990s finishes, the home requires modernization to address deferred maintenance and popcorn ceilings. This distressed asset is a strategic acquisition for Fix-and-Flip Investors or Contractors looking to leverage the high square footage and lot utility for forced appreciation.
Property is moderate renovation needed.
Built in 1992, this 32-year-old property is in fair condition, showing a mix of minor updates and original features. While the living area features newer laminate flooring, the bathroom retains original 1990s-style tile countertops and fixtures. The presence of popcorn ceilings and the 'short sale' status suggest the home is being sold 'as-is' with potential deferred maintenance, fitting the criteria for a home over 20 years old that is functional but outdated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 65340, living area = 3135.
With 3,135 square feet of interior space, this home offers a substantial floor plan that provides ample room for large families or multi-generational living.
Situated on approximately 1.5 acres (65,340 sqft), the property offers significant privacy and versatility for outdoor improvements, equestrian use, or additional structures.
The property is listed as a short sale, which typically involves a lengthy and unpredictable closing process subject to third-party lender approval.
Given the distressed nature of a short sale, the property is likely being sold in 'as-is' condition, which may necessitate additional capital for repairs or modernization.
SHORT SALE!!!! SHORT SALE!!!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 3,135 | 2,009.5 | 91% |
| Lot Size | 65,340 | 95,490.5 | 12% |
| Price | $525.0K | $494.0K | 59% |
| Price per sq ft | $167 | $245 | 4% |
| Built year | 1992 | 2002 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 190 | 1% |
Mar 20, 2026
$525,000
Initial Listing
Jul 24, 2023
$600,000
Public Record
Oct 1, 2021
$485,000
Public Record
Feb 12, 2021
$64,000
Public Record
Aug 14, 1998
$110,500
Public Record