242 E Fern Avenue 208, Redlands, California 92373, Redlands, 92373 - 2 bed, 2 bath
ACTIVE$360,000
242 E Fern Avenue 208, Redlands, California 92373
2Beds
2Baths
1,188Sqft
1,200Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensive Community Amenities: The Fernwood community offers a comprehensive suite of amenities including a pool, spa, gym, sauna, tennis courts, and a rec room, providing a resort-like living experience.
Top Cons:
High Monthly Association Fee: The $475.0 monthly association fee is substantial and could be a significant ongoing cost for potential buyers, impacting affordability.
Compared to the nearby listings
Price:$360.0K vs avg $419.4K ($-59,388.5)17%
Size:1,188 sqft vs avg 1,444 sqft29%
Price/sqft:$303 vs avg $31438%
More Insights
Built in 1980 (45 years old).
Condition: Built in 1980, this condo shows signs of being aged but maintained. While one bathroom has been nicely updated with modern tile and fixtures, the kitchen is significantly outdated with original-looking cabinets, laminate countertops, and dated vinyl flooring. The carpets throughout the living areas and bedrooms are worn and would require immediate replacement. The property is functional and clean, but the kitchen and flooring updates are more than 'minor' for modern appeal, placing it firmly in the 'Fair' category, indicating it requires updates to meet current standards.
Year Built
1980
Close
-
List price
$360K
Original List price
$410K
Price/Sqft
$303
HOA
$475
Days on market
-
Sold On
-
MLS number
IG25109838
Home ConditionFair
Features
Deck
ViewNeighborhood
About this home
Must See, Beautifully maintained Redlands Condo in Gated community. This established community is close to restaurants, schools, shopping and other amenities. Spacious 2 bedroom 2 bath condo is on the second floor with elevator access, 2 covered parking stalls, and a patio for enjoying morning coffee or evening sunsets. Fireplace in the Livingroom, laundry facilities, washer and dryer included. This Fernwood community has all the amenities, Pool, Spa, Gym, Sauna, Tennis courts and Rec Room and you get to enjoy the park like grounds without the maintenance!
Condition Rating
Fair
Built in 1980, this condo shows signs of being aged but maintained. While one bathroom has been nicely updated with modern tile and fixtures, the kitchen is significantly outdated with original-looking cabinets, laminate countertops, and dated vinyl flooring. The carpets throughout the living areas and bedrooms are worn and would require immediate replacement. The property is functional and clean, but the kitchen and flooring updates are more than 'minor' for modern appeal, placing it firmly in the 'Fair' category, indicating it requires updates to meet current standards.
Pros & Cons
Pros
Extensive Community Amenities: The Fernwood community offers a comprehensive suite of amenities including a pool, spa, gym, sauna, tennis courts, and a rec room, providing a resort-like living experience.
Prime Location & Convenience: Situated in Redlands, the community is conveniently close to restaurants, schools, shopping, and other essential amenities, enhancing daily living.
Gated Community Security: Being part of a gated community provides enhanced security and privacy, appealing to buyers seeking a safe and controlled environment.
Unit Accessibility & Features: Located on the second floor with elevator access, the condo includes two covered parking stalls, an in-unit fireplace, and laundry facilities with washer/dryer included, adding significant convenience.
Low-Maintenance Living: Described as 'beautifully maintained' with 'park-like grounds without the maintenance,' this property offers a hassle-free lifestyle, ideal for those seeking convenience.
Cons
High Monthly Association Fee: The $475.0 monthly association fee is substantial and could be a significant ongoing cost for potential buyers, impacting affordability.
Recent Price Reduction: A notable price drop from $410,000 to $360,000 might suggest initial overpricing or a struggle to attract buyers, potentially raising questions about market value or underlying issues.
Building Age: Built in 1980, the property is over 40 years old. While described as maintained, older buildings can imply potential for future system replacements (e.g., HVAC, plumbing, electrical) not explicitly mentioned as updated.