8412 Ironwood, California City, CA 93505, California City, 93505 - 3 bed, 1 bath
ACTIVE$158,000$1,224/sqft
Est. Value: $145,497
-7%
AboveEstimate
8412 Ironwood, California City, CA 93505
3Beds
1Bath
1,224Sqft
18,830Lot
Price Vs. Estimate
The estimated value ($145,496.555) is $12,503.445 (7%) lower than the list price ($158,000). 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 = 18830, living area = 1224.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =18830, other record lot size in square feet = 9147.
Compared to the nearby listings
Price:$158.0K vs avg $270.0K ($-112,000)16%
Size:1,224 sqft vs avg 1,578 sqft14%
Price/sqft:$129 vs avg $17721%
More Insights
Built in 1958 (68 years old).
Condition: Built in 1958, the property shows significant signs of age and neglect. While it benefits from valuable upgrades like an upgraded electrical panel, dual-pane windows, and a recently updated bathroom, the overall condition of the interior flooring in the living room, bedrooms, and hallway is very poor, appearing to be removed or severely damaged, which would make it uncomfortable to live in. The kitchen features granite countertops but has dated cabinets and older appliances. The exterior landscaping is also neglected. These issues collectively require substantial repairs and rehabilitation to achieve a comfortable and appealing living standard, moving it beyond 'minor updates' into the 'poor' category.
Year Built
1958
Close
-
List price
$158K
Original List price
-
Price/Sqft
$129
HOA
$0
Days on market
-
Sold On
-
MLS number
SR25270929
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
GREAT OPPORTUNITY!!! PRICE REDUCED TO SELL FAST !! one house with an extra vacant lot. This property seats on a rare double lot and requires some minor care, offering unlimited potential. The home has 3 bedrooms, 1 bathroom, a bonus room and one car garage. This home comes with valuable upgrades such as an upgraded electrical panel, dual-pane windows, and granite kitchen countertops. The additional adjoining lot is included in the sale can be perfect for future development, building an additional unit, or selling for added profit. With minimal work needed this can be great opportunity for a first-time buyer or experienced investor, quick flip, long-term rental, or expansion project. Seller may be willing to carry for qualified buyers. A fantastic opportunity with multiple exit strategiesdont miss it!
A
Ami Tabak
Listing Agent
Price History
Date
Event
Price
01/28/22
Sold
$210,000
Condition Rating
Poor
Built in 1958, the property shows significant signs of age and neglect. While it benefits from valuable upgrades like an upgraded electrical panel, dual-pane windows, and a recently updated bathroom, the overall condition of the interior flooring in the living room, bedrooms, and hallway is very poor, appearing to be removed or severely damaged, which would make it uncomfortable to live in. The kitchen features granite countertops but has dated cabinets and older appliances. The exterior landscaping is also neglected. These issues collectively require substantial repairs and rehabilitation to achieve a comfortable and appealing living standard, moving it beyond 'minor updates' into the 'poor' category.
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 = 18830, living area = 1224.
Expansive Double Lot with Development Potential: The property includes an additional vacant lot, offering significant potential for future development, building an additional unit, or selling for added profit, enhancing its long-term value.
Key System Upgrades: Valuable recent upgrades such as an upgraded electrical panel, dual-pane windows, and granite kitchen countertops improve functionality, energy efficiency, and overall appeal.
Attractive Investment Opportunity: Explicitly marketed as a great opportunity for first-time buyers or experienced investors, with multiple exit strategies including quick flips, long-term rentals, or expansion projects.
Competitive Pricing & Value Proposition: Recently reduced in price and listed significantly below its last sale price from 2022, presenting a strong value proposition and potential for immediate equity.
Flexible Financing Option: The seller's willingness to carry for qualified buyers broadens the potential buyer pool and offers a unique financing advantage.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =18830, other record lot size in square feet = 9147.
Requires Immediate Care/Minor Repairs: The property 'requires some minor care,' indicating that some immediate investment in repairs or cosmetic updates will be necessary to maximize its potential.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may present functional limitations or inconvenience for larger families or multiple occupants.
Age of Property: Built in 1958, despite some recent upgrades, the overall age of the home may imply potential for other dated systems or components requiring future attention or replacement.