112 N Center Street, Redlands, California 92373, Redlands, - bed, bath

home-pic
ACTIVE$200,000
112 N Center Street, Redlands, California 92373
2Beds
1Bath
915Sqft
Lot
Year Built
1956
Close
-
List price
$200K
Original List price
$200K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25244519
Home ConditionPoor
Features
Good View: Neighborhood
Patio
ViewNeighborhood

About this home

This probate sale presents a rare opportunity to own a ground-floor end unit in the highly desirable Braemar Stock Co-Op community for a very inexpensive price...Cash Only...Owner Occupants Only.. Unlike traditional ownership, buyers receive a membership certificate rather than a Grant Deed. The unit features 2 bedrooms, 1 bathroom, a spacious kitchen that accommodates full size appliances, and a covered aluminum-enclosed patio. The large living room windows offer peaceful views of the greenbelt, while the dining area opens to a private rear patio through sliding glass doors. Though the property requires repairs, it offers excellent potential for an owner-occupant— Residents benefit from on-site laundry facilities and a development that covers water, landscaping, trash, sewer, water heater, in-wall plumbing, and fire insurance (excluding personal items). Buyers must sign an Occupancy Agreement and attend a brief orientation. All information is subject to change; please verify current details.

Price History

Date
Event
Price
10/21/25
Listing
$200,000
Condition Rating
Poor

Built in 1956, this property is explicitly described as requiring repairs and is offered 'Cash Only,' indicating significant issues. Images reveal severely damaged and removed flooring throughout, exposed subfloors, damaged walls with peeling paint, and very dated, damaged built-in cabinetry. The kitchen and bathroom are not shown but are highly likely to be in similar poor condition, requiring full renovation. Major systems (electrical, plumbing, HVAC) are presumed to be original and would need substantial replacement, aligning with the 'poor' condition criteria of requiring substantial repairs and rehabilitation.
Pros & Cons

Pros

Exceptional Value Proposition: The property is offered at a 'very inexpensive price' for a ground-floor end unit in a desirable community, presenting significant potential for an owner-occupant to build equity after necessary repairs.
Extensive HOA Inclusions: The development covers substantial expenses including water, landscaping, trash, sewer, water heater, in-wall plumbing, and fire insurance, significantly reducing the owner's recurring monthly costs.
Desirable Ground-Floor End Unit: Being a ground-floor end unit offers enhanced privacy, easier access, and typically fewer shared walls, which are often preferred features for residents.
Private Outdoor Living Spaces: The unit includes both a covered aluminum-enclosed patio and a private rear patio accessible from the dining area, providing valuable outdoor space for relaxation and entertaining.
Peaceful Greenbelt Views: Large living room windows offer tranquil views of the greenbelt, contributing to a pleasant and serene living environment.

Cons

Cash-Only Purchase Requirement: The 'Cash Only' stipulation severely limits the potential buyer pool, as it excludes buyers reliant on traditional mortgage financing, impacting marketability.
Non-Traditional Stock Cooperative Ownership: Buyers receive a membership certificate instead of a Grant Deed, which is a less common form of ownership and can complicate future resale, financing options, and may deter some buyers.
Requires Immediate Repairs: The property explicitly 'requires repairs,' indicating that the buyer will need to invest additional capital and effort post-purchase to bring the unit to a desired condition.

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