2842 Gram Drive, Thermal, California 92274, Thermal, - bed, bath
ACTIVE$289,900
2842 Gram Drive, Thermal, California 92274
4Beds
2Baths
1,571Sqft
11,909Lot
Year Built
2008
Close
-
List price
$290K
Original List price
$310K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
219134430DA
Home ConditionGood
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
In the Vista Del Mar subdivision in Thermal presents an opportunity for investors and 1st time homebuyers to purchase this 1,571 ft. four-bedroom, two-bathroom property with a bonus room, situated on a large lot of over 11,000 ft. The garage is an unfinished one-bedroom apartment. For 1st time buyers this property only qualifies under a FHA 2023K loan.
Price History
Date
Event
Price
10/02/25
Price Change
$289,900-6.5%
08/26/25
Listing
$310,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (28 Listings) | |
|---|---|---|---|
| Beds | 4 | 3 | 72% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,571 | 1,480 | 59% |
| Lot Size | 11,909 | 10,128 | 76% |
| Price | $290K | $319K | 34% |
| Price per square foot | $185 | $222 | 10% |
| Built year | 2008 | 2006 | 79% |
| HOA | |||
| Days on market | 71 | 196 | 7% |
Condition Rating
Good
The property was built in 2008, making it 16 years old, which falls within the 'Good' category's age range. The main living areas, including the kitchen, appear functional and well-maintained, with tile flooring throughout. While the kitchen features older white appliances and wood cabinets that are somewhat dated in style, they are operational and do not require immediate renovation. The light fixtures are basic ceiling fans. The description notes an 'unfinished one-bedroom apartment' in the garage, which is a project for future completion, but the primary residence itself is move-in ready with no major defects or immediate repairs needed for its core functionality.
Pros & Cons
Pros
Strong Investment/First-Time Buyer Opportunity: Positioned as an ideal purchase for investors or first-time homebuyers, especially with a recent price reduction from $310,000 to $289,900, which is below the estimated value.
Generous Lot Size: Features a substantial lot exceeding 11,000 sqft (11,909 sqft), offering ample outdoor space and potential for expansion.
Income/Flex Space Potential: Includes an unfinished one-bedroom apartment in the garage, presenting a significant opportunity for rental income or multi-generational living post-completion.
Added Functional Space: The presence of a dedicated bonus room provides versatile options for an office, den, or additional living area.
Desirable Mountain Views: Enjoys scenic mountain views, enhancing the property's aesthetic appeal.
Cons
Restrictive Financing Requirements: First-time buyers are limited to an FHA 203K loan, indicating the property requires rehabilitation and significantly narrowing the potential buyer pool.
Significant Renovation Needed for ADU: The garage apartment is unfinished, requiring considerable investment and effort to become a functional living space.
Implied Property Condition: The FHA 203K loan qualification strongly suggests the property is not move-in ready and will necessitate immediate repairs or upgrades, adding to buyer costs.