8048 Smokewood Dr, Santee, California 92071, Santee, 92071 - 2 bed, 2 bath
ACTIVE$735,000$1,118/sqft
Est. Value: $687,675
-6%
AboveEstimate
8048 Smokewood Dr, Santee, California 92071
2Beds
2Baths
1,118Sqft
6,100Lot
Price Vs. Estimate
The estimated value ($687,675.455) is $47,324.545 (6%) lower than the list price ($735,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment & Value-Add Opportunity: The property is explicitly marketed as an 'investor and value-add opportunity' with 'strong upside potential,' making it ideal for renovation, repositioning, or resale.
Top Cons:
Significant Renovation Required: The home is 'in need of updating' and is 'ideal for buyers not afraid of some work,' indicating substantial renovation costs and effort will be necessary.
Compared to the nearby listings
Price:$735.0K vs avg $840.0K ($-105,000)15%
Size:1,118 sqft vs avg 1,479 sqft14%
Price/sqft:$657 vs avg $55082%
More Insights
Built in 1968 (58 years old).
Condition: Built in 1968, this property is significantly outdated and requires substantial rehabilitation. The kitchen features original-style wood cabinets, laminate countertops, and older appliances, necessitating a full renovation. Bathrooms are equally dated with old vanities, tile, and basic fixtures. Flooring consists of worn carpets and older tiles throughout. The presence of window AC units indicates a lack of central cooling, suggesting major system upgrades are needed. The listing itself describes it as 'in need of updating' and 'ideal for buyers not afraid of some work,' aligning with the 'poor' condition criteria.
Year Built
1968
Close
-
List price
$735K
Original List price
$735K
Price/Sqft
$657
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2600454
Home ConditionPoor
Features
Good View: Mountain(s), Neighborhood
ViewMountain(s), Neighborhood
About this home
Investor and value-add opportunity in the desirable Big Rock neighborhood of Santee. This single-story 2 bedroom, 2 bathroom home offers 1,118 sq ft on a 6,100 sq ft lot with no HOA. Built in 1968, the property features a solid footprint and functional layout, making it an excellent candidate for renovation, repositioning, or resale. The home is in need of updating and is ideal for buyers not afraid of some work. The rear yard includes an approximately 280 sq ft unpermitted structure; buyer to investigate permits, potential legalization, or alternative use. Strong upside potential in an established neighborhood close to shopping, schools, and freeway access.
D
Daniel Tucker
Listing Agent
Nearby schools
6/10
Chet F. Harritt Elementary School
Public,•K-8•0.2mi
7/10
West Hills High School
Public,•9-12•1.4mi
3/10
Idea Center
Public,•9-12•2.7mi
Price History
Date
Event
Price
01/11/00
Sold
$155,000
Condition Rating
Poor
Built in 1968, this property is significantly outdated and requires substantial rehabilitation. The kitchen features original-style wood cabinets, laminate countertops, and older appliances, necessitating a full renovation. Bathrooms are equally dated with old vanities, tile, and basic fixtures. Flooring consists of worn carpets and older tiles throughout. The presence of window AC units indicates a lack of central cooling, suggesting major system upgrades are needed. The listing itself describes it as 'in need of updating' and 'ideal for buyers not afraid of some work,' aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Investment & Value-Add Opportunity: The property is explicitly marketed as an 'investor and value-add opportunity' with 'strong upside potential,' making it ideal for renovation, repositioning, or resale.
Desirable & Established Neighborhood: Located in the 'desirable Big Rock neighborhood of Santee,' offering the benefits of an established community.
No Homeowners Association (HOA): The absence of an HOA provides buyers with greater flexibility, fewer restrictions, and no recurring HOA fees.
Convenient Location: The home boasts a prime location close to essential amenities, including shopping, schools, and freeway access.
Solid Footprint & Functional Layout: Despite needing updates, the property features a 'solid footprint and functional layout,' providing a good foundation for renovation projects.
Cons
Significant Renovation Required: The home is 'in need of updating' and is 'ideal for buyers not afraid of some work,' indicating substantial renovation costs and effort will be necessary.
Unpermitted Structure: The rear yard includes an 'approximately 280 sq ft unpermitted structure,' which requires buyer investigation for permits, potential legalization, or alternative use, posing a potential legal and financial risk.
Property Age & Outdated Systems: Built in 1968, the property's age suggests that major systems and finishes are likely original or outdated, requiring significant capital expenditure for modernization and replacement.