10917 Locust Avenue, Bloomington, California 92316, Bloomington, - bed, bath
ACTIVE$995,000
10917 Locust Avenue, Bloomington, California 92316
3Beds
1Bath
858Sqft
12,000Lot
Year Built
1953
Close
-
List price
$995K
Original List price
$1.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
HD25037893
Home ConditionTear down
Features
View-
About this home
Bloomington Listing now available! This property is within the special development zoning for the Bloomington Business Park. This property features 3 bedrooms and 1 bathroom. Come visit this site!
Price History
Date
Event
Price
08/05/25
$995,000
02/20/25
$1,100,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (46 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 1 | 2 | 23% |
| Square foot | 858 | 1,378 | 4% |
| Lot Size | 12,000 | 7,900 | 72% |
| Price | $995K | $558K | 96% |
| Price per square foot | $1,160 | $396 | 98% |
| Built year | 1953 | 1970 | 23% |
| HOA | |||
| Days on market | 257 | 176 | 87% |
Condition Rating
Tear down
Built in 1953, this property is 71 years old with no indication of major renovations in the past 50 years. The exterior images show significant deferred maintenance, including faded paint and an unkempt yard, suggesting the structure is in poor condition. The MLS description emphasizes the 'special development zoning for the Bloomington Business Park,' indicating the property's value lies primarily in the land for redevelopment rather than the existing 858 sqft house. The high list price for such a small, old home further supports that the structure is likely considered obsolete and would require demolition for the land's highest and best use.
Pros & Cons
Pros
Special Development Zoning: The property is within the special development zoning for the Bloomington Business Park, offering significant potential for commercial use, redevelopment, or mixed-use projects, which can greatly enhance its value.
Generous Lot Size: With a 12,000 sqft lot, there is ample space for expansion, potential for additional structures, or accommodating future commercial development, which is highly valuable given the specific zoning.
Recent Price Reduction: The list price has been reduced from $1.1 million to $995,000, indicating a motivated seller and presenting a more attractive entry point for potential buyers or investors.
3 Bedrooms: The property features 3 bedrooms, providing a standard layout suitable for families or offering flexibility for office/guest rooms, appealing to a broader range of potential occupants.
Strategic Location: Being situated within the Bloomington Business Park area suggests potential for future commercial growth, infrastructure development, and increased property value over time, especially for business-oriented buyers.
Cons
High Price for Small Square Footage: At 858 sqft for $995,000, the existing residential structure offers very limited living space for its price point, making it less appealing to traditional residential buyers seeking value in living area. The value is clearly in the land and zoning.
Single Bathroom: A 3-bedroom house with only one bathroom is a significant functional limitation for families or multiple occupants, often necessitating costly renovations to add another bathroom.
Age of Property: Built in 1953, the property is over 70 years old. Without mention of updates, it likely requires substantial renovation, modernization, or even demolition for redevelopment, adding significant cost and effort for a buyer.