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9823 Lombardy Avenue, Bloomington, California 92316, Bloomington, 92316 - 3 bed, 2 bath

9823 Lombardy Avenue, Bloomington, California 92316 home-pic-0
ACTIVE$565,000
9823 Lombardy Avenue, Bloomington, California 92316
3Beds
2Baths
1,939Sqft
9,450Lot

Price Vs. Estimate

The estimated value ($495,285.18) is $69,714.82 (12%) lower than the list price ($565,000). 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 = 9450, living area = 1939.
Top Cons:
Requires Renovation/Updates: The property 'could use a bit of TLC' and is presented as a 'rewarding project,' indicating a need for immediate or future renovations.

Compared to the nearby listings

Price:$565.0K vs avg $545.0K (+$20,000)53%
Size:1,939 sqft vs avg 1,372 sqft86%
Price/sqft:$291 vs avg $4018%

More Insights

Built in 1955 (70 years old).
Condition: Built in 1955, the property shows significant signs of age and deferred maintenance. The description explicitly states it needs 'TLC' and is a 'rewarding project,' indicating substantial work is required. Images reveal severely stained/damaged flooring, an extremely outdated bathroom with a pink tub and old cabinetry, and an old light fixture. These elements suggest the property is far from move-in ready and requires significant rehabilitation to be comfortable and functional, aligning with the 'Poor' condition criteria.
Year Built
1955
Close
-
List price
$565K
Original List price
$600K
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
IV25200531
Home ConditionPoor
Features
View-

About this home

Endless Potential Awaits! This home offers incredible potential for the right buyer. With a spacious kitchen, three generously sized bedrooms, and two additional bonus rooms (perfect for use as extra bedrooms, offices, craft rooms, or whatever suits your needs), there is also a large area that can be used as a family room, game room or a second large living room, the possibilities are endless! The main entrance opens into a large living and dining area, ideal for entertaining. There's also a permitted bonus room addition, offering even more flexible space for your vision. While the home has been maintained, it could use a bit of TLC to truly shine again. If you're ready to take on a rewarding project and transform this house into a beautiful home, this is the opportunity you've been waiting for!

Condition Rating
Poor
Built in 1955, the property shows significant signs of age and deferred maintenance. The description explicitly states it needs 'TLC' and is a 'rewarding project,' indicating substantial work is required. Images reveal severely stained/damaged flooring, an extremely outdated bathroom with a pink tub and old cabinetry, and an old light fixture. These elements suggest the property is far from move-in ready and requires significant rehabilitation to be comfortable and functional, aligning with the 'Poor' condition 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 = 9450, living area = 1939.
Versatile Floor Plan: The property boasts three bedrooms, two additional bonus rooms, and a large flexible area, offering diverse usage options for offices, craft rooms, or entertainment spaces.
Spacious Interior: With 1939 sqft, the home features a spacious kitchen and a large living and dining area, ideal for comfortable living and entertaining.
Permitted Bonus Addition: An existing permitted bonus room addition provides extra square footage and enhances the property's functional space.
Generous Lot Size: A substantial 9450 sqft lot offers ample outdoor space for landscaping, recreation, or potential future expansion.
Value-Add Opportunity: Described as having 'endless potential' and needing 'TLC,' it presents a significant opportunity for a buyer to customize and increase property value.

Cons

Requires Renovation/Updates: The property 'could use a bit of TLC' and is presented as a 'rewarding project,' indicating a need for immediate or future renovations.
Older Construction: Built in 1955, the home likely has aging systems and finishes that may require significant investment for modernization and maintenance.
Potential for High Renovation Costs: The extent of 'TLC' and 'project' implies that updates might go beyond cosmetic, potentially involving substantial financial and time commitment.

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