11772 11772 Middleton, Phelan, California 92371, Phelan, - bed, bath
ACTIVE$330,000
11772 11772 Middleton, Phelan, California 92371
3Beds
2Baths
1,152Sqft
95,832Lot
Year Built
1988
Close
-
List price
$330K
Original List price
$330K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IV25230395
Home ConditionFair
Features
View-
About this home
AS IS. Conditions, conventional or cash only, ready for investors, house seated on a 2-acre lot
Price History
Date
Event
Price
10/08/25
Listing
$330,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (91 Listings) | |
|---|---|---|---|
| Beds | 3 | 4 | 47% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,152 | 2,098 | 9% |
| Lot Size | 95,832 | 98,591 | 47% |
| Price | $330K | $500K | 8% |
| Price per square foot | $286 | $244.5 | 78% |
| Built year | 1988 | 10001001 | 20% |
| HOA | |||
| Days on market | 28 | 186 | 1% |
Condition Rating
Fair
The property, built in 1988, features a recently updated kitchen with modern gray shaker cabinets, new countertops, and a new electric range, along with new LVP flooring and contemporary lighting in the main living areas. However, both bathrooms are significantly outdated with original-looking, discolored tubs and surrounds that require immediate renovation. The 'AS IS' condition and the visible partial nature of the renovation (unfinished island side) indicate that while some areas are modern, others need substantial work, placing it in the 'Fair' category where minor updates and repairs are needed.
Pros & Cons
Pros
Expansive Lot Size: The property sits on a substantial 2-acre lot (95,832 sqft), offering ample space for privacy, potential expansion, outdoor activities, or even agricultural pursuits.
Investor-Ready Opportunity: Explicitly marketed as 'ready for investors,' this property presents a clear value-add opportunity for those looking to renovate and either resell or generate rental income.
Favorable Financing for Investors: The 'conventional or cash only' financing requirement streamlines the transaction process for investors, bypassing the complexities and delays often associated with 'as-is' properties and government-backed loans.
Affordable Entry Point: With a list price of $330,000 for a 3-bed, 2-bath home on 2 acres, it offers a relatively accessible price point for a detached property in California, particularly for those seeking a renovation project.
Rural Lifestyle Appeal: Located in Phelan, the property provides a desirable rural setting, appealing to buyers seeking tranquility, open space, and a break from dense urban environments.
Cons
As-Is Sale Condition: The property is sold 'AS IS,' indicating that the seller will not undertake any repairs or improvements, which means the buyer must be prepared for potentially significant renovation costs and effort.
Limited Buyer Pool: The 'conventional or cash only' financing restriction significantly narrows the potential buyer pool by excluding those who rely on FHA or VA loans, which could extend the property's time on the market.
Dated Systems and Finishes: Built in 1988, the property is likely to have original systems (e.g., HVAC, plumbing, electrical) and interior finishes that will require updating to meet modern standards and preferences, adding to the overall investment.