527 Ruiz Street, Redlands, California 92374, Redlands, - bed, bath
ACTIVE$999,900
527 Ruiz Street, Redlands, California 92374
2Beds
1Bath
700Sqft
6,804Lot
Year Built
1951
Close
-
List price
$1,000K
Original List price
$1,000K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG25105462
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
NOW AVAILABLE, LOCATED IN THE HEART OF DOWNTOWN REDLANDS. THIS PROPERTY IS SITUATED IN THE VILLAGE CENTER PLANNED ZONE AND WILL BE A DELIGHTFUL ACQUISITION FOR YOUR PORTFOLIO. ANY INVESTOR/DEVELOPER SHOULD STOP IN THEIR TRACKS TO SEE THE VALUE IN THIS PROPERTY.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (183 Listings) | |
|---|---|---|---|
| Beds | 2 | 3 | 11% |
| Baths | 1 | 2 | 7% |
| Square foot | 700 | 1,585 | 1% |
| Lot Size | 6,804 | 7,044 | 47% |
| Price | $1,000K | $600K | 96% |
| Price per square foot | $1,428 | $357 | 99% |
| Built year | 1951 | 9925993 | 8% |
| HOA | |||
| Days on market | 177 | 174 | 54% |
Condition Rating
Poor
The property was built in 1951. The images show the exterior of the property and surrounding area. The exterior appears to be in need of significant repair and updating. Given the age and the apparent condition, it likely requires substantial repairs and rehabilitation.
Pros & Cons
Pros
Prime Location: Located in the heart of downtown Redlands, offering convenient access to amenities, shops, and restaurants.
Investment/Development Opportunity: Zoned within the Village Center Planned Zone, presenting a significant opportunity for investors and developers.
City Lights View: The property offers a desirable city lights view, enhancing its appeal.
Large Lot Size: The lot size of 6804 sqft provides ample space for potential expansion or development.
High School District: Located within the Redlands Unified School District, a desirable feature for families.
Cons
Price Point: The list price of $999,900 may be considered high for a 700 sqft, 2 bed, 1 bath property, potentially limiting the buyer pool.
Small Living Space: The property's 700 sqft living space may be too small for some buyers, especially families.
Age of Property: Built in 1951, the property may require updates or renovations to meet modern standards.