83040 Magnolia Avenue, Trona, California 93562, Trona, 93562 - 3 bed, 1 bath
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Trona, California 93562
This Affordable Single-Family Asset represents a High-Potential Investment Opportunity with a List Price of $42,500—positioned well below the $55,000 Fair Market Value by 23%. This valuation gap provides $12,500 in Instant Equity for the incoming owner. Despite a Condition Rating of 4, the property features a recently updated bathroom, mountain views, and a spacious 0.28-acre lot offering significant utility. Rare FHA and VA financing eligibility at this price point maximizes accessibility for a high-yield desert acquisition. This is an ideal entry point for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 83040 Magnolia Avenue Subject | $42,500* List Price | 3 | 1 | 1,155 | $37 | - |
A 13336 Wildrose Street Pending | $39,999 List Price | 3 | 1 | 1,385 | $29 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1918, this century-old home is aged but maintained, featuring a recently updated bathroom and functional living spaces. While it meets FHA/VA financing standards for habitability, the property exhibits dated styles, older kitchen cabinetry, and signs of wear consistent with its age, requiring minor updates and ongoing maintenance of older systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12370, living area = 1155.
Priced at a highly accessible $42,500 and eligible for FHA, VA, and Conventional financing, this property offers a rare opportunity for low-down-payment homeownership or high-yield investment.
The 0.28-acre (12,370 sqft) lot provides significant outdoor space for expansion, recreational use, or additional storage, offering more land than typical residential parcels in this price bracket.
Built in 1918, the home is over a century old and may require ongoing maintenance or upgrades to aging structural and mechanical systems not covered by recent cosmetic updates.
Located in Trona, the property is situated in a remote desert environment with limited local amenities and extreme weather conditions, which may affect long-term resale demand.
(PRICE REDUCED)*FHA, Conventional, VA loan Financing Available* Affordable desert living or smart investment opportunity! This 3-bedroom, 1-bath home at **83040 Magnolia Ave, Trona, CA** sits on a spacious **0.28-acre lot**, offering plenty of room for outdoor use, expansion, or future potential. The property is **FHA financeable with as little as 3.5% down**, making it an excellent option for first-time buyers or investors alike. The home has undergone **recent improvements, including updates to the bathroom**, adding comfort and value. Whether you’re looking for an affordable primary residence or a promising rental opportunity, this property delivers great potential at an accessible price point. **Don’t miss your chance—schedule a showing before it’s gone!**
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,155 | 1,155 | 50% |
| Lot Size | 12,370 | 11,113 | 56% |
| Price | $42.5K | $79.5K | 33% |
| Price per sq ft | $37 | $83 | 33% |
| Built year | 1918 | 1947 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 111 | 169 | 33% |
Feb 23, 2026
$42,500
$42,999
-1% Price Drop
Initial Listing
Feb 21, 2026
$42,999
$49,999
-14% Price Drop
Initial Listing
Jan 26, 2026
$49,999
$54,500
-8% Price Drop
Initial Listing
Jan 14, 2026
$54,500
$55,000
-1% Price Drop
Initial Listing
Jan 1, 2026
$55,000
Initial Listing
Jun 6, 2023
$37,000
Public Record
Jul 28, 2011
$20,000
Public Record