985 Fern Ave, Imperial Beach, California 91932, Imperial Beach, 91932 - 4 bed, 2 bath
ACTIVE$849,500
985 Fern Ave, Imperial Beach, California 91932
4Beds
2Baths
1,632Sqft
6,000Lot
Price Vs. Estimate
The estimated value ($853,659.415) is $4,159.415 (0%) lower than the list price ($849,500). This property may be overpriced.
Key pros and cons
Top Pros:
Assumable Loan: The property features a fully assumable loan at a highly attractive 4.25% interest rate, offering a significant financial advantage to buyers in the current market.
Top Cons:
Age of Property & Potential for Dated Systems: Built in 1954, despite being 'lovingly maintained,' the property's age suggests that core systems (e.g., plumbing, electrical, HVAC) may be original or older, potentially requiring future updates or replacements.
Compared to the nearby listings
Price:$849.5K vs avg $852.5K ($-3,000)46%
Size:1,632 sqft vs avg 1,435.5 sqft65%
Price/sqft:$521 vs avg $64719%
More Insights
Built in 1954 (71 years old).
Condition: The property, built in 1954, is aged but appears well-maintained. While the bathrooms show signs of more recent updates with subway tile and modern-ish vanities, the kitchen is notably dated with dark green painted cabinets, speckled countertops, and older white appliances. The flooring throughout is a mix of large square tiles and laminate wood, which are functional but not contemporary. The listing description explicitly states 'LOVINGLY MAINTAINED HOME WITH LOTS OF OPPORTUNITY FOR UPDATES, UPGRADES, AND EXPANSION,' indicating that while livable, it requires minor updates to meet current aesthetic and functional standards, aligning with a 'fair' condition rating.
Year Built
1954
Close
-
List price
$850K
Original List price
$825K
Price/Sqft
$521
HOA
-
Days on market
-
Sold On
-
MLS number
250042728SD
Home ConditionFair
Features
Patio
View-
About this home
FULLY ASSUMABLE LOAN AT 4.25% FOR ALL BUYERS | PERMITTED 3/1 BEACH BUNGALOW | BONUS BEDROOM AND ENSUITE BATHROOM | CAN DELIVER VACANT | BEDROOMS RENTED FOR $1300/EA | CONFIRMED ADU/JADU DEVELOPMENT OPTIONS WITH REDUCED SETBACKS - NOT WITHIN COASTAL COMMISSION | NEW WHOLE-HOUSE WATER FILTRATION AND SOFTENER CONVEYS | LOVINGLY MAINTAINE HOME WITH LOTS OF OPPORTUNITY FOR UPDATES, UPGRADES, AND EXPANSION | LARGE 6000+ SQF CORNER LOT | 5 MINUTE DRIVE TO BEACH / 5 AND 905 FREEWAYS / NOLF / SSTC | QUIET NEIGHBORHOOD AND CLOSE TO ALL
Nearby schools
3/10
Oneonta Elementary School
Public,•K-6•0.1mi
3/10
Mar Vista Academy
Public,•7-8•0.9mi
4/10
Mar Vista Senior High School
Public,•9-12•0.7mi
Condition Rating
Fair
The property, built in 1954, is aged but appears well-maintained. While the bathrooms show signs of more recent updates with subway tile and modern-ish vanities, the kitchen is notably dated with dark green painted cabinets, speckled countertops, and older white appliances. The flooring throughout is a mix of large square tiles and laminate wood, which are functional but not contemporary. The listing description explicitly states 'LOVINGLY MAINTAINED HOME WITH LOTS OF OPPORTUNITY FOR UPDATES, UPGRADES, AND EXPANSION,' indicating that while livable, it requires minor updates to meet current aesthetic and functional standards, aligning with a 'fair' condition rating.
Pros & Cons
Pros
Assumable Loan: The property features a fully assumable loan at a highly attractive 4.25% interest rate, offering a significant financial advantage to buyers in the current market.
ADU/JADU Development Potential: Confirmed options for Accessory Dwelling Unit (ADU) or Junior Accessory Dwelling Unit (JADU) development with reduced setbacks, not within Coastal Commission jurisdiction, providing excellent potential for additional income or multi-generational living.
Income Generating Opportunity: The property includes a bonus bedroom with an ensuite bathroom, and existing bedrooms are currently rented for $1300/ea, highlighting immediate or potential rental income streams for investors or house hackers.
Prime Location & Accessibility: Strategically located within a 5-minute drive to the beach, major freeways (5 and 905), NOLF, and SSTC, in a quiet neighborhood that is close to all essential amenities.
Large Corner Lot: Situated on a spacious 6000+ sqft corner lot, offering ample outdoor space, increased privacy, and potential for future expansion or landscaping enhancements.
Cons
Age of Property & Potential for Dated Systems: Built in 1954, despite being 'lovingly maintained,' the property's age suggests that core systems (e.g., plumbing, electrical, HVAC) may be original or older, potentially requiring future updates or replacements.
Required Updates/Upgrades: The description explicitly mentions 'lots of opportunity for updates, upgrades, and expansion,' indicating that significant capital investment may be necessary to modernize the home's aesthetics and functionality to contemporary standards.
Average School Ratings: While conveniently located near schools, the elementary and middle schools have an average rating of 3, which may not appeal to all families prioritizing top-tier educational institutions.