8824 Terrarama Avenue, Spring Valley, California 91977, Spring Valley, 91977 - 3 bed, 2 bath
Loading property details...
8824 Terrarama Avenue
Spring Valley, California 91977
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,125Sq Ft
0Lot Size
Property Price
LIST PRICE$490,000
EST. MARKET VALUE
$525,000
6% BelowMARKET VALUE
SUMMARY
This 3-bedroom townhome presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $535,303 Fair Market Value by 2%. This valuation gap offers $10,303 in Instant Equity. Featuring a Fair Condition Rating and requiring TLC, the property includes a private yard with citrus trees and a 1-car garage. Located near Bancroft Elementary, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking to build value through cosmetic updates.
Estimated Market Value
$525,000+$35,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Spring Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8824 Terrarama Avenue Subject 3 bd · 2 ba · 1,125 sqft · $467 | $490,000* List Price | 3 | 2 | 1,125 | $467 | - |
A 8946 Arlingdale Way Sold 2 bd · 3 ba · 1,020 sqft · $509 · 0.5 mi | $519,000 | 2 | 3 | 1,020 | $509 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1973 (50+ years old) and explicitly described as needing 'TLC and personal touches,' the property is dated and requires cosmetic updates and likely system maintenance, though it remains a functional townhouse.
PROSSTRENGTHS & OPPORTUNITIES
- Private Outdoor Space
The property features a private yard with a patio cover and mature citrus trees, offering a rare and desirable outdoor living area for a townhouse.
- Parking Convenience
Includes both a 1-car garage and an additional driveway parking space, providing superior parking options compared to many standard townhome units.
- Proximity to Amenities
Ideally located within the Terra II complex near the community pool and within walking distance to local elementary and high schools.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The property is noted as needing 'TLC and personal touches,' indicating that buyers should budget for immediate renovations and cosmetic repairs.
- Limited Bathroom Count
With three bedrooms but only 1.5 bathrooms, the lack of a second full bath may be a drawback for larger families or multi-resident households.
About 8824 Terrarama Avenue
3bd, 1.5 Townhome in Terra II Complex. 2-Story. Close to Community Pool. Private yard with Patio Cover & Citrus Trees. 1-car Garage & Driveway Parking. Will be vacant & ready for TLC and personal touches by 12/1/2026.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1973
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $400.0 / Month
Neighborhood Insights
Spring Valley Unified Schools
Bancroft Elementary School
Grades K-6 • 0.2 mi
3/10
Avondale Elementary School
Grades K-6 • 0.7 mi
5/10
Kempton Street Elementary School
Grades K-3 • 1.2 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.5 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,125 | 1,189 |
| Lot Size | - | 79,635.182 |
| Price | $490.0K | $598.1K |
| Price per sq ft | $436 | $490 |
| Built year | 1973 | 2002 |
| HOA | $400.0 | $408 |
| Days on market | 38 | 48 |
Pricing History
Listed for Sale
Oct 24, 2026
$490,000
$499,000
-2% Price Drop
Initial Listing
Price Change
Oct 18, 2026
$499,000
$525,000
-5% Price Drop
Initial Listing
Price Change
Sep 17, 2026
$525,000
Initial Listing