994 Magnolia Avenue, San Bernardino, California 92411, San Bernardino, 92411 - 3 bed, 1 bath

994 Magnolia Avenue, San Bernardino, California 92411 home-pic-0
ACTIVE$400,000
994 Magnolia Avenue, San Bernardino, California 92411
3Beds
1Bath
824Sqft
6,750Lot
Year Built
1924
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$485
HOA
-
Days on market
-
Sold On
-
MLS number
DW25122497
Home ConditionPoor
Features
View-

About this home

Possibly Over-Priced:The estimated price is 13% below the list price. We found 3 Cons,5 Pros. Rank: price - $400.0K(28th), sqft - 824(21th), beds - 3(50th), baths - 1(50th).

Price to sell ...great for first time buyers and rise a family.

Price History

Date
Event
Price
06/02/25
Listing
$400,000
Condition Rating
Poor

Built in 1924, this property is nearly a century old and shows significant signs of age with no apparent major renovations in recent decades. The kitchen features very dated white cabinets, old laminate countertops, and older white appliances, requiring a complete overhaul. The single bathroom is equally dated with an old vanity, fixtures, and tile. Throughout the home, flooring consists of worn carpet and older tile, and light fixtures are basic and outdated. While the property appears livable, its major components and aesthetics are well past their expected lifespan, indicating a need for substantial repairs and rehabilitation to plumbing, electrical, HVAC, and all cosmetic elements to meet modern standards.
Pros & Cons

Pros

Target Market Suitability: Explicitly marketed as 'great for first time buyers and rise a family,' indicating a clear and desirable market segment.
Seller Motivation: The description 'Price to sell' suggests a motivated seller, which can be advantageous for potential buyers.
Generous Lot Size: A 6,750 sqft lot offers significant outdoor space for potential landscaping, gardening, or future expansion.
Single-Family Residence: As a standalone home, it provides privacy and autonomy, appealing to families and first-time buyers.
Initial Listing Price: The property is listed at its original price, indicating it's fresh on the market without prior price reductions.

Cons

Age of Property: Built in 1924, the property is nearly a century old, which often entails older systems, potential for deferred maintenance, and higher renovation costs.
Limited Bathrooms: With 3 bedrooms and only 1 bathroom, the property may not adequately serve the needs of a family or multiple occupants, potentially causing inconvenience.
Overpriced Relative to Estimation: The listing price of $400,000 is 15% above the estimated property value of $339,692.395, suggesting it may be overvalued in the current market.

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