716 W Olive, Redlands, California 92373, Redlands, 92373 - 2 bed, 1 bath

716 W Olive, Redlands, California 92373 home-pic-0
ACTIVE$595,000
716 W Olive, Redlands, California 92373
2Beds
1Bath
925Sqft
8,000Lot
Year Built
1940
Close
-
List price
$595K
Original List price
$595K
Price/Sqft
$643
HOA
-
Days on market
-
Sold On
-
MLS number
IG25275570
Home ConditionFair
Features
Deck
Patio
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 7% below the list price. We found 3 Cons,6 Pros. Rank: price - $595.0K(13th), sqft - 925(5th), beds - 2(11th), baths - 1(11th).

VOILA! Nestled in the heart of highly desirable South Redlands, this delightful 1940 SINGLE STORY BUNGALOW offers timeless charm in an unbeatable location. ONLY ONE BLOCK TO THE OLIVE MARKET AND A FEW BLOCKS TO THE REDLANDS BOWL, SMILEY LIBRARY, DOWNTOWN RESTAURANTS AND SHOPPING, this home delivers classic character with everyday convenience. Warm HARDWOOD FLOORS flow through a light-filled living room and into a formal dining area ideal for entertaining. The kitchen features a cozy breakfast nook and connects to a FLEXIBLE BONUS SPACE—perfect for a pantry, hobby area, or storage—which leads to a generously sized laundry room with ROOM FOR A DESK OR HOME OFFICE SETUP. The spacious primary bedroom opens directly to a covered porch with an outdoor dining space overlooking the LUSH AND BEAUTIFUL BACK YARD. . This porch has two entrances from the home and offers a very nice Vibe and place to relax. A second patio offers additional room to host guests. Enjoy year-round comfort with central heating and air conditioning, along with a charming yellow storage shed, a TWO-CAR GARAGE, and an extended driveway with ample parking. Full of warmth, character, and location appeal, this South Redlands gem is a rare opportunity—don’t miss your chance to call it home. (CHECK OUT THE VIDEO).

Price History

Date
Event
Price
12/13/25
Listing
$595,000
12/29/20
Sold
$445,000
07/26/05
Sold
$360,000
03/25/94
Sold
$95,000
Condition Rating
Fair

Built in 1940, this charming bungalow is well-maintained with warm hardwood floors and central heating/AC. The kitchen features updated stainless steel appliances and white cabinets, but the tile flooring and basic countertops suggest a renovation that is likely 15-30 years old, rather than recent. While functional and clean, the kitchen and likely the single bathroom show signs of being outdated in style and materials. The property is move-in ready but would benefit from minor cosmetic updates to bring it to current aesthetic standards, aligning with the 'fair' condition criteria for an aged but maintained home with functional yet outdated components.
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 = 8000, living area = 925.
Prime Walkable Location: Situated in highly desirable South Redlands, the property boasts exceptional walkability, being just one block from Olive Market and a few blocks from the Redlands Bowl, Smiley Library, downtown restaurants, and shopping.
Classic Bungalow Charm: This delightful 1940 single-story bungalow exudes timeless charm and classic character, featuring warm hardwood floors and a light-filled living space.
Versatile Bonus & Utility Spaces: The home offers a flexible bonus space ideal for a pantry, hobby area, or storage, alongside a generously sized laundry room with potential for a home office setup.
Enhanced Outdoor Living: Enjoy a lush, beautiful backyard with multiple outdoor spaces, including a covered porch accessible from the primary bedroom and a second patio perfect for entertaining.
Essential Practical Amenities: The property is equipped with central heating and air conditioning, a two-car garage, ample extended driveway parking, and a charming storage shed.

Cons

Single Bathroom: The property features only one bathroom, which may be a limiting factor for some buyers, particularly families or those desiring more convenience.
Modest Square Footage: With 925 square feet, the interior living space is relatively modest, potentially restricting appeal for buyers seeking larger homes or more expansive living areas.
Age-Related Considerations: As a 1940-built home, while charming, it may present potential for age-related maintenance, system updates (e.g., plumbing, electrical beyond HVAC), or lower energy efficiency compared to newer constructions.

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