242 E Fern Avenue 206, Redlands, California 92373, Redlands, - bed, bath

home-pic
ACTIVE$365,000
242 E Fern Avenue 206, Redlands, California 92373
2Beds
2Baths
1,188Sqft
1,200Lot
Year Built
1980
Close
-
List price
$365K
Original List price
$400K
Price/Sqft
-
HOA
$475
Days on market
-
Sold On
-
MLS number
IG25093523
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

LOCATION, LOCATION, LOCATION, This spacious and open floor plan is a 2 bedrooms 2 Bathroom Condo and is close to Historic Downtown Redlands in the Secluded Fernwood Gated Community. This established community is a short walk to Downtown Redlands which has a variety of restaurants to eat at, plenty of boutiques for unique shopping and bars for an evening of fun. The Fernwood Community is gorgeously maintained with lush landscaping from end to end. Their clubhouse offers a large enclosed heated swimming pool, spa, tennis court/pickle ball, recreation room and a workout area. The HOA dues includes water, sewer, trash and insurance. This 2 bedroom Condo is 1,188 sqft of open living space. Kitchen has tile flooring and granite counter tops with a breakfast bar. The living room has a sliding glass door that opens up to the patio which is a good size for entertaining. Master bedroom has a walk in closet and its own private bathroom. With this condo there is no going to the laundry mats as it has its own laundry room located by the kitchen. Did I mention this condo has 2 covered parking spaces and elevator access to your home (which this condo is right next to!) You must stop by and see this condo it is the most affordable condo in South Redlands… See you soon.

Price History

Date
Event
Price
09/27/25
Price Change
$365,000-2.7%
08/24/25
Price Change
$375,000-2.6%
08/17/25
Price Change
$385,000
06/03/25
Listing
$400,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds23
40%
Baths23
36%
Square foot1,1881,444
28%
Lot Size1,2001,950
28%
Price$365K$430K
20%
Price per square foot$307$332
28%
Built year19801986
40%
HOA$475$364.8
76%
Days on market155175
44%
Condition Rating
Fair

The property was built in 1980, making it 44 years old. While the kitchen features granite countertops, the cabinets are an older, traditional style, and the appliances are a mix of black and stainless, indicating piecemeal updates rather than a full modern renovation. The bathrooms are notably dated with older vanities, countertops, and tile. The living areas have mixed flooring (hardwood and carpet) and feature popcorn ceilings and older light fixtures. The home appears well-maintained and functional, but the overall aesthetic and many components show signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Prime Downtown Location: The condo boasts an excellent location within walking distance to Historic Downtown Redlands, offering convenient access to diverse restaurants, boutiques, and entertainment.
Extensive Community Amenities: The Fernwood Gated Community provides a wealth of amenities including a heated swimming pool, spa, tennis/pickleball courts, recreation room, and a workout area.
Comprehensive HOA Inclusions: HOA dues cover essential services such as water, sewer, trash, and insurance, simplifying monthly budgeting for residents.
Modern Kitchen & In-Unit Laundry: The kitchen features granite countertops and a breakfast bar, complemented by the convenience of a dedicated in-unit laundry room.
Accessibility & Dedicated Parking: The unit benefits from elevator access directly to the home and includes two covered parking spaces, enhancing convenience and security.

Cons

Building Age & Potential Updates: Constructed in 1980, while the kitchen is updated, other areas of the condo or building systems may be original and could require future modernization or maintenance.
Significant HOA Dues: The $475 monthly HOA fee, despite its inclusions, represents a substantial recurring cost that buyers must factor into their budget.
Price Reduction History: Multiple price reductions from the original list price ($400,000 down to $365,000) may indicate initial overpricing or market resistance, potentially affecting perceived value.

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