8441 Sierra Vista, Phelan, California 92371, Phelan, 92371 - 5 bed, 3 bath
ACTIVE$474,900
8441 Sierra Vista, Phelan, California 92371
5Beds
3Baths
2,607Sqft
98,010Lot
Price Vs. Estimate
The estimated value ($474,900) is $0 (0%) lower than the list price ($474,900). 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 = 98010, living area = 2607.
Top Cons:
Extensive Renovation Required: The property is explicitly stated to 'need a lot of work' and is 'sold as-is,' necessitating a substantial capital investment and extensive renovation efforts from the buyer.
Compared to the nearby listings
Price:$474.9K vs avg $485.0K ($-10,100)43%
Size:2,607 sqft vs avg 2,000 sqft85%
Price/sqft:$182 vs avg $2508%
More Insights
Built in 1988 (37 years old).
Condition: Built in 1988, this property is 36 years old and explicitly stated to 'need a lot of work' and is 'sold as-is,' indicating extensive renovation is required. The lack of interior photos, particularly for the kitchen and bathrooms, strongly suggests these areas are severely outdated and in poor condition, requiring substantial repairs and rehabilitation rather than just minor updates. Major systems and finishes are likely at the end of their lifespan.
Year Built
1988
Close
-
List price
$475K
Original List price
$325K
Price/Sqft
$182
HOA
-
Days on market
-
Sold On
-
MLS number
PW25225606
Home ConditionPoor
Features
Good View: Desert
ViewDesert
About this home
5 bed, 3 bath single family residence. sold as-is. Property needs a lot of work. Good opportunity for an experienced investor.
Condition Rating
Poor
Built in 1988, this property is 36 years old and explicitly stated to 'need a lot of work' and is 'sold as-is,' indicating extensive renovation is required. The lack of interior photos, particularly for the kitchen and bathrooms, strongly suggests these areas are severely outdated and in poor condition, requiring substantial repairs and rehabilitation rather than just minor updates. Major systems and finishes are likely at the end of their lifespan.
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 = 98010, living area = 2607.
Expansive Lot Size: The property features a substantial lot of 98,010 sqft (over 2.25 acres), offering significant land value, privacy, and potential for future development or extensive outdoor amenities.
Substantial Living Area: With 2,607 square feet, the residence provides ample interior space, accommodating a large family or offering flexible living arrangements.
High Bedroom and Bathroom Count: The property boasts 5 bedrooms and 3 bathrooms, catering well to larger households or presenting strong potential for rental income after renovation.
Desert Views: The property offers confirmed desert views, enhancing its aesthetic appeal and providing a tranquil living environment.
Investor Opportunity: Explicitly marketed as a 'good opportunity for an experienced investor,' indicating potential for significant value appreciation and return on investment for those willing to undertake necessary renovations.
Cons
Extensive Renovation Required: The property is explicitly stated to 'need a lot of work' and is 'sold as-is,' necessitating a substantial capital investment and extensive renovation efforts from the buyer.
Significant Valuation Discrepancy: The current list price of $474,900 is more than double the estimated property value of $233,271, suggesting a major overpricing issue or a condition severely impacting its market value.
Aggressive Price Increases: The list price has seen multiple increases from an original $325,000 to $474,900, which may deter potential buyers and indicates a challenging pricing strategy or difficulty in attracting offers at previous price points.