83040 Magnolia Avenue, Trona, California 93562, Trona, 93562 - 3 bed, 1 bath
ACTIVE$54,500$1,155/sqft
Est. Value: $54,036
%
FairlyEstimate
83040 Magnolia Avenue, Trona, California 93562
3Beds
1Bath
1,155Sqft
12,370Lot
Price Vs. Estimate
The estimated value ($54,035.95) is $464.05 (0%) lower than the list price ($54,500). 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 = 12370, living area = 1155.
Top Cons:
Age of Property: Built in 1918, the home is over a century old, which may imply potential for significant deferred maintenance, outdated systems (beyond the bathroom), and structural concerns.
Compared to the nearby listings
Price:$54.5K vs avg $79.0K ($-24,500)33%
Size:1,155 sqft vs avg 1,145 sqft67%
Price/sqft:$47 vs avg $7333%
More Insights
Built in 1918 (108 years old).
Condition: Built in 1918, this property is over a century old. While the listing mentions 'recent improvements, including updates to the bathroom,' the images reveal extensive deferred maintenance throughout. The kitchen is highly outdated, dirty, and shows significant wear on appliances, cabinets, and countertops. Flooring in living areas is heavily worn, scratched, and dirty. Walls are peeling and stained. The 'updated' bathroom still appears basic, dirty, and not up to modern standards. The overall condition suggests the property requires substantial repairs and rehabilitation to be safe and comfortable for living, aligning with the 'poor' category criteria.
Year Built
1918
Close
-
List price
$55K
Original List price
$55K
Price/Sqft
$47
HOA
-
Days on market
-
Sold On
-
MLS number
SW26000303
Home ConditionPoor
Features
Good View: Desert, Mountain(s), Neighborhood
Deck
ViewDesert, Mountain(s), Neighborhood
About this home
*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!**
G
Gilberto Garcia
Listing Agent
Price History
Date
Event
Price
06/06/23
Sold
$37,000
07/28/11
Sold
$20,000
Condition Rating
Poor
Built in 1918, this property is over a century old. While the listing mentions 'recent improvements, including updates to the bathroom,' the images reveal extensive deferred maintenance throughout. The kitchen is highly outdated, dirty, and shows significant wear on appliances, cabinets, and countertops. Flooring in living areas is heavily worn, scratched, and dirty. Walls are peeling and stained. The 'updated' bathroom still appears basic, dirty, and not up to modern standards. The overall condition suggests the property requires substantial repairs and rehabilitation to be safe and comfortable for living, aligning with the 'poor' category criteria.
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 = 12370, living area = 1155.
Accessible Price Point: With a list price of $54,500, this property is exceptionally affordable, making it an attractive option for budget-conscious buyers or investors.
Flexible Financing Options: The property is eligible for FHA, Conventional, and VA loans, including FHA with as little as 3.5% down, significantly broadening the pool of potential buyers.
Spacious Lot Size: Sitting on a generous 0.28-acre lot (12,370 sqft), the property offers ample outdoor space for various uses, potential expansion, or future development.
Investment & Rental Potential: Explicitly marketed as a 'smart investment opportunity' and 'promising rental opportunity,' its affordability and financing options support this claim.
Recent Bathroom Updates: The home has undergone recent improvements, including updates to the bathroom, which adds comfort and value, reducing immediate renovation needs in a key area.
Cons
Age of Property: Built in 1918, the home is over a century old, which may imply potential for significant deferred maintenance, outdated systems (beyond the bathroom), and structural concerns.
Remote Location: Located in Trona, CA, a remote desert community, the property's location may limit access to amenities, job opportunities, and broad buyer appeal, potentially impacting future resale.
Significant Price History Discrepancy: The property sold for $37,000 in June 2023, which is considerably lower than the current list price of $54,500, potentially raising questions about the current valuation or undisclosed issues.