832 S Pilgrim Street, Stockton, CA 95205, Stockton, 95205 - 2 bed, 1 bath
ACTIVE$359,000$979/sqft
Est. Value: $316,692
-11%
AboveEstimate
832 S Pilgrim Street, Stockton, CA 95205
2Beds
1Bath
979Sqft
5,001Lot
Price Vs. Estimate
The estimated value ($316,692.17) is $42,307.83 (11%) lower than the list price ($359,000). This property may be overpriced.
Key pros and cons
Top Pros:
Dual Income Potential: The property features two separate houses on one lot, offering significant rental income opportunities by renting both units or living in one and renting the other.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 979, other record living area = 946. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 5.
Compared to the nearby listings
Price:$359.0K vs avg $322.5K (+$36,500)63%
Size:979 sqft vs avg 1,066.5 sqft37%
Price/sqft:$367 vs avg $26185%
More Insights
Built in 1915 (111 years old).
Condition: Built in 1915, this property is over a century old and shows significant deferred maintenance and a lack of modern updates. Both kitchens and bathrooms are very dated, with old appliances, tiled countertops, and worn fixtures. The exterior shows wear, and the rear deck/stairs are in a dilapidated and unsafe condition. Cooling is via window units and mini-splits, not central. The overall condition suggests substantial repairs and rehabilitation are required, with major systems likely needing replacement.
Year Built
1915
Close
-
List price
$359K
Original List price
-
Price/Sqft
$367
HOA
$0
Days on market
-
Sold On
-
MLS number
225014036
Home ConditionPoor
Features
Deck
View-
About this home
2 HOUSES IN ONE LOT BOTH HOUSES RENTED GREAT INVESTMENT PROPERTY ALSO YOU CAN LIVE IN ONE AND RENT THE OTHER
J
Jesus Sandoval
Listing Agent
Price History
Date
Event
Price
04/23/04
Sold
$132,000
Condition Rating
Poor
Built in 1915, this property is over a century old and shows significant deferred maintenance and a lack of modern updates. Both kitchens and bathrooms are very dated, with old appliances, tiled countertops, and worn fixtures. The exterior shows wear, and the rear deck/stairs are in a dilapidated and unsafe condition. Cooling is via window units and mini-splits, not central. The overall condition suggests substantial repairs and rehabilitation are required, with major systems likely needing replacement.
Pros & Cons
Pros
Dual Income Potential: The property features two separate houses on one lot, offering significant rental income opportunities by renting both units or living in one and renting the other.
Immediate Cash Flow: Both houses are currently rented, providing an immediate and established income stream for the new owner from day one.
Investment Property: Explicitly marketed as a 'GREAT INVESTMENT PROPERTY,' it appeals directly to investors seeking a reliable income-generating asset.
Flexible Occupancy: The unique configuration allows for owner-occupancy in one unit while generating rental income from the second, offering financial flexibility.
Lot Size: A 5001 sqft lot provides adequate space for two dwellings, potentially offering some outdoor amenities or future expansion possibilities.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 979, other record living area = 946. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 5.
Advanced Age of Property: Built in 1915, the property is over a century old, which typically implies a need for significant updates to major systems (plumbing, electrical) and potentially higher ongoing maintenance costs.
Limited Living Space: With a total of 979 sqft for two houses, the individual units are likely very small, which could limit tenant appeal, restrict potential rental rates, and impact overall market value.
Potential for Deferred Maintenance: Older rental properties often come with 'as-is' conditions and may require substantial investment in repairs, renovations, or code compliance, which is not detailed in the current description.