818 Terrace, San Bernardino, California 92410, San Bernardino, 92410 - 3 bed, 2 bath
ACTIVE$450,000
818 Terrace, San Bernardino, California 92410
3Beds
2Baths
1,916Sqft
7,168Lot
Price Vs. Estimate
The estimated value ($406,193.055) is $43,806.945 (9%) lower than the list price ($450,000). This property may be overpriced.
Key pros and cons
Top Pros:
Increased Bedroom Count with Permits: The original 3-bedroom home has been expanded to 4 bedrooms via a permitted garage conversion, significantly enhancing living space and functionality.
Top Cons:
Required Roof Repairs: The property description explicitly states a need for 'roof work,' indicating an immediate and potentially costly repair for the new owner.
Compared to the nearby listings
Price:$450.0K vs avg $450.0K (+$0)50%
Size:1,916 sqft vs avg 1,267 sqft88%
Price/sqft:$235 vs avg $3606%
More Insights
Built in 1983 (42 years old).
Condition: The property, built in 1983, requires substantial repairs and rehabilitation. While the kitchen features new cabinets and counters, it is incomplete with no appliances and unfinished walls, making it non-functional. The description explicitly states 'need roof work,' which is a major and costly repair. The converted garage also appears unfinished in the provided images. These factors indicate the property is not move-in ready and requires significant investment beyond minor updates.
Year Built
1983
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$235
HOA
-
Days on market
-
Sold On
-
MLS number
IG25267587
Home ConditionPoor
Features
Good View: Canyon
ViewCanyon
About this home
Great family home orginal 3 bedrooms garage has been converted with permits now 4 bedrooms, new kitchen cabinets and counters, need roof work roomy yard, nice area
Price History
Date
Event
Price
09/30/88
Sold
$59,000
Condition Rating
Poor
The property, built in 1983, requires substantial repairs and rehabilitation. While the kitchen features new cabinets and counters, it is incomplete with no appliances and unfinished walls, making it non-functional. The description explicitly states 'need roof work,' which is a major and costly repair. The converted garage also appears unfinished in the provided images. These factors indicate the property is not move-in ready and requires significant investment beyond minor updates.
Pros & Cons
Pros
Increased Bedroom Count with Permits: The original 3-bedroom home has been expanded to 4 bedrooms via a permitted garage conversion, significantly enhancing living space and functionality.
Updated Kitchen: The kitchen features new cabinets and counters, providing a modern and appealing space for cooking and entertaining.
Generous Lot Size: The property boasts a roomy 7,168 sqft yard, offering ample outdoor space for recreation, gardening, or potential expansion.
Scenic Canyon View: The property offers a desirable canyon view, adding aesthetic appeal and a sense of tranquility.
Strong Investment Potential: With a listing price of $450,000 against an estimated value of $541,508.7, the property is listed approximately 20% below its estimated market value, offering significant immediate equity potential for a buyer.
Cons
Required Roof Repairs: The property description explicitly states a need for 'roof work,' indicating an immediate and potentially costly repair for the new owner.
Potential for Dated Systems: Built in 1983, and with only the kitchen explicitly updated, other major systems (e.g., HVAC, plumbing, electrical) may be original or nearing the end of their useful life, potentially requiring future investment.
Loss of Dedicated Garage Space: The conversion of the garage into a bedroom, while permitted, means the property lacks a traditional enclosed garage for parking or storage, which could be a drawback for some buyers.