2842 Gram Drive, Thermal, California 92274, Thermal, 92274 - 4 bed, 2 bath
ACTIVE UNDER CONTRACT$289,900
2842 Gram Drive, Thermal, California 92274
4Beds
2Baths
1,571Sqft
11,909Lot
Year Built
2008
Close
-
List price
$290K
Original List price
$290K
Price/Sqft
$185
HOA
-
Days on market
-
Sold On
-
MLS number
219139757DA
Home ConditionFair
Features
Good View: Mountain(s)
ViewMountain(s)
About this home
Possibly Over-Priced:The estimated price is 5% below the list price. We found 3 Cons,6 Pros. Rank: price - $289.9K(38th), sqft - 1571(69th), beds - 4(78th), baths - 2(50th).
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
12/09/25
Listing
$289,900
01/10/07
Sold
$60,000
Condition Rating
Fair
Built in 2008, the property's main kitchen features dated light wood cabinets, white appliances, and basic tile flooring, indicating a need for cosmetic updates. The requirement for an FHA 203K loan for first-time buyers strongly suggests that the property needs specific repairs or improvements to meet FHA minimum property standards, moving it beyond a 'move-in ready' condition. Additionally, the garage contains an unfinished apartment, which requires significant investment and work to complete. While the main living areas appear maintained, the overall condition points to a property that is functional but requires substantial updates and repairs.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11909, living area = 1571.
Large Lot Size: Situated on a generous lot of 11,909 sqft (over 11,000 sqft), offering ample outdoor space for various uses, potential expansion, or enhanced privacy.
Income/ADU Potential: The garage is an unfinished one-bedroom apartment, presenting a significant opportunity for future rental income or multi-generational living once completed.
Versatile Layout: Features 4 bedrooms, 2 bathrooms, and an additional bonus room within 1,571 sqft, providing flexible living arrangements and extra functional space.
Targeted Market Appeal: Explicitly identified as an opportunity for both investors and first-time homebuyers, indicating a broad market appeal and potential for value.
Mountain Views: The property boasts desirable mountain views, enhancing its aesthetic appeal and contributing to a pleasant living environment.
Cons
Financing Restrictions: For first-time buyers, the property only qualifies under an FHA 2023K loan, which may imply specific property conditions or required repairs, potentially limiting standard financing options and narrowing the buyer pool.
Required Renovation Investment: The garage's unfinished one-bedroom apartment necessitates additional financial investment and construction work from the buyer to make it fully habitable or rentable.
Rural Location: Located in Thermal, the property's rural setting may be a drawback for buyers seeking immediate proximity to extensive urban amenities, services, or diverse employment opportunities.