5645 Cahuilla Avenue, 29 Palms, California 92277, 29 Palms, - bed, bath
ACTIVE$279,000
5645 Cahuilla Avenue, 29 Palms, California 92277
3Beds
2Baths
1,218Sqft
8,905Lot
Year Built
1980
Close
-
List price
$279K
Original List price
$279K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
RW24174757
Home ConditionPoor
Features
Patio
View-
About this home
INVESTOR ALERT! It's the perfect place to give some TLC and create a beautiful home.
Nearby schools
4/10
Oasis Elementary School
Public,•K-6•1.5mi
4/10
Twentynine Palms Junior High School
Public,•7-8•3.1mi
5/10
Twentynine Palms High School
Public,•9-12•1.2mi
Price History
Date
Event
Price
08/22/24
Listing
$279,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (162 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,218 | 1,232 | 48% |
| Lot Size | 8,905 | 14,586 | 28% |
| Price | $279K | $289K | 47% |
| Price per square foot | $229 | $226 | 52% |
| Built year | 1980 | 1969 | 60% |
| HOA | |||
| Days on market | 441 | 205 | 98% |
Condition Rating
Poor
Built in 1980, this property is 44 years old and shows significant signs of neglect and disrepair. The MLS description itself, 'INVESTOR ALERT! It's the perfect place to give some TLC and create a beautiful home,' indicates a need for substantial work. The kitchen is in very poor condition with missing cabinet doors, worn countertops, and general mess, requiring a complete renovation. Bathrooms appear dated and basic, also needing significant updates. Flooring throughout is either old, stained carpet or dirty, worn laminate/vinyl. Walls are scuffed and dirty. The exterior features an unkempt yard, cracked driveway, and a somewhat makeshift-looking addition. While not a tear-down, the property requires extensive rehabilitation to be move-in ready and comfortable, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Investor Opportunity: The property is explicitly marketed as an 'INVESTOR ALERT!' and a 'perfect place to give some TLC and create a beautiful home,' highlighting its potential for value addition through renovation.
Affordable Entry Price: With a list price of $279,000 for a 3-bedroom, 2-bathroom home, it presents a relatively affordable entry point into the California real estate market, especially for those willing to undertake renovations.
Generous Lot Size: The 8905 sqft lot provides ample outdoor space for potential landscaping, gardening, expansion, or creating desirable outdoor living areas.
Established Neighborhood: Built in 1980, the property is situated in an established area, which often benefits from existing infrastructure, community amenities, and mature surroundings.
Proximity to Rated Schools: The property is conveniently located near well-rated elementary, middle, and high schools (4-5 stars), making it attractive for families with school-aged children.
Cons
Significant Overpricing/Condition Discrepancy: The listing price of $279,000 is substantially higher than the estimated market value of $162,267.03 (an estimation ratio of -41%), indicating either significant overpricing or a property in very poor condition requiring extensive investment to justify the asking price.
Extensive Renovation Required: The description 'perfect place to give some TLC' strongly suggests the property is in a distressed state and will require considerable financial and time investment for necessary repairs, updates, and modernization.
Age and Potential for Outdated Systems: Built in 1980, the property is over 40 years old, increasing the likelihood of outdated electrical, plumbing, and HVAC systems, as well as general wear and tear that will require costly replacement or upgrades.