994 Magnolia, San Bernardino, California 92411, San Bernardino, 92411 - 3 bed, 1 bath
ACTIVE$370,000
994 Magnolia, San Bernardino, California 92411
3Beds
1Bath
824Sqft
6,750Lot
Price Vs. Estimate
The estimated value ($356,810.515) is $13,189.485 (3%) lower than the list price ($370,000). This property may be overpriced.
Key pros and cons
Top Pros:
Large Lot Size: The property boasts a substantial 6,750 sqft lot, offering ample outdoor space for landscaping, potential expansion, or recreational activities, as highlighted by the description 'Big lot with lots of potential'.
Top Cons:
Condition Requiring Investment: The property 'needs some TLC,' indicating that prospective buyers should anticipate significant additional investment for necessary repairs, updates, and renovations beyond the purchase price.
Compared to the nearby listings
Price:$370.0K vs avg $440.0K ($-70,000)24%
Size:824 sqft vs avg 1,100 sqft21%
Price/sqft:$449 vs avg $39470%
More Insights
Built in 1924 (101 years old).
Condition: Built in 1924, this property explicitly states it 'needs some TLC,' which is strongly supported by the images. The kitchen features very dated cabinetry, older tiled flooring, and a lack of modern built-in appliances, suggesting it hasn't been significantly updated in many decades. The bathroom is also extremely outdated with an old vanity, medicine cabinet, and fixtures, and a visible non-GFCI electrical outlet, indicating potential electrical system issues. Both key areas require substantial renovation. While the property is not a tear-down, it requires significant repairs and rehabilitation to bring it to modern living standards, aligning with the 'Poor' condition criteria.
Year Built
1924
Close
-
List price
$370K
Original List price
$370K
Price/Sqft
$449
HOA
-
Days on market
-
Sold On
-
MLS number
DW25273821
Home ConditionPoor
Features
View-
About this home
Property is back on the market with a new price. Great home for first time home buyer and rise a family. Big lot with lots of potential.Property needs some TLC.
Price History
Date
Event
Price
07/13/11
Sold
$50,500
10/11/05
Sold
$263,000
07/05/05
Sold
$200,000
09/07/04
Sold
$155,000
Condition Rating
Poor
Built in 1924, this property explicitly states it 'needs some TLC,' which is strongly supported by the images. The kitchen features very dated cabinetry, older tiled flooring, and a lack of modern built-in appliances, suggesting it hasn't been significantly updated in many decades. The bathroom is also extremely outdated with an old vanity, medicine cabinet, and fixtures, and a visible non-GFCI electrical outlet, indicating potential electrical system issues. Both key areas require substantial renovation. While the property is not a tear-down, it requires significant repairs and rehabilitation to bring it to modern living standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Large Lot Size: The property boasts a substantial 6,750 sqft lot, offering ample outdoor space for landscaping, potential expansion, or recreational activities, as highlighted by the description 'Big lot with lots of potential'.
First-Time Buyer/Family Appeal: Explicitly marketed as a 'Great home for first time home buyer and rise a family,' indicating a strong appeal to a key demographic looking for an entry-level or family-oriented residence.
Value-Add Opportunity: While requiring 'TLC,' the property presents a significant opportunity for buyers to invest in renovations, personalize the space, and potentially increase its market value and equity over time.
Competitive Re-listing: The property is 'back on the market with a new price,' suggesting a strategic re-evaluation of its market position, potentially offering a more attractive entry point for buyers.
Adequate Bedroom Count: With 3 bedrooms, the home provides sufficient sleeping and living space suitable for a small to medium-sized family, aligning with its target audience.
Cons
Condition Requiring Investment: The property 'needs some TLC,' indicating that prospective buyers should anticipate significant additional investment for necessary repairs, updates, and renovations beyond the purchase price.
Age of Property: Built in 1924, this nearly century-old home may come with outdated systems (e.g., plumbing, electrical), potential for hidden structural issues, and higher ongoing maintenance costs compared to newer constructions.
Limited Bathroom Facilities: The presence of only 1 bathroom for a 3-bedroom home can be a significant functional drawback, potentially causing inconvenience for families or multiple occupants and impacting its overall appeal.