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| Updated: 12/07/12
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| 66202 6th St. DESERT HOT SPRINGS, CA 92240 |
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23% Below Base Market Value
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| Price: |
| Base Market Value: |
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| Key Comparable Statistics |
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| Comparable Listings: |
| List Price -vs- : |
| Dollar Spread -vs- : |
| Price/Sq Ft -vs- : |
| Base Value -vs- : |
| House Sq Ft: |
| Bedrooms: |
| Bathrooms: |
| Lot Acreage: |
| Year Built: |
| Garage: |
| Pool: |
| Spa: |
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| 66202 6TH ST |
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| -- |
| $31,000 |
| $25,860
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| $24.72 |
| $40,050 |
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1254 |
| 2 |
| 2 |
| 0.15 |
| 1952 |
| 0 |
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No | | No |
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| -vs- 66885... |
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| -- |
| 62.87% Below
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| -- |
| 64.07% Below
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198.11% Above
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54 SqFt More
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| -- |
| -- |
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| Older than AVG |
| -- |
| -- |
| -- |
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| 66885 FLORA AVE |
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| -- |
| $83,500 |
| -- |
| $69.58 |
| $28,010 |
| 1200 |
| 2 |
| 1 |
| 0.15 |
| 1955 |
| 0 |
| No |
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No |
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| -vs- 92240 |
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| -- |
| 45.48% Below
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| -- |
| 45.65% Below
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| 22.6% Below
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50.8 SqFt More |
| -- |
| -- |
| 0.002 Acre Less |
| Older than AVG |
| -- |
| -- |
| -- |
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| COMPARABLES IN 92240 |
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| 5 |
| $56,860 |
| -- |
| $46.47 |
| -- |
| 1203.2 |
| 2.6 |
| 1.6 |
| 0.152 |
| 1952.2 |
| 0.2 |
| 0% |
| 0% |
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| Value |
Address |
Price |
Price/SQFT |
SQ FT |
Bed |
Bath |
Dist. |
Lot Size |
Year Built |
Compare 1 on 1 |
Exclude |
Save |
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MM: Model Match
A: Active
E: Extended
C: Contingent
P: Pending
S: Sold
X: In-Active
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| About 66202 6th St and the Comparable Group of Properties in DESERT HOT SPRINGS, 92240 : |
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The 5 DESERT HOT SPRINGS, CA 92240 property listings in the chart above make up the comparable group of properties for the subject listing at 66202 6th St, DESERT HOT SPRINGS, CA 92240. These 5 homes have been collected because they are either for sale or recently sold within the last 6 months, and are termed "comparable properties" of 66202 6th St because they have been found to be close matches in terms of property type, living square footage, lot size, year built, property amenities and proximity to the subject property at 66202 6th St. |
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PropertyHookup.com has evaluated over 36 key features of these properties based on the fundamental components that make up real estate value. We compare and contrast the features of the subject property at 66202 6th St with the individual value components of this peer group of comparable properties and determine a value of each of the key features. We then weight the value of each feature of 66202 6th St and combine them to build a total estimated base valuation for the subject property. The base market value of $40,050 is a LOW WEIGHTED SUM of the values of these 36 individual key features. |
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The 1,254 square foot property located at 66202 6th St in DESERT HOT SPRINGS, CA 92240 features 2 bedrooms and 2 bathrooms on a 0.150 Acre parcel. The 1 story property was built in 1952 and has a price of $31,000 as of 12/07/12.
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PropertyHookup.com's proprietary real estate software has identified current real estate data on the 5 similar comparable properties listed above that are located in the in the local DESERT HOT SPRINGS, CA 92240 area. These 5 comparable properties have an average price of $56,860, feature an average living square footage of 1203.2 on a lot size of 0.15 built around 1952. These properties feature 2.6 bedrooms and 1.6 bathrooms priced at an average interior living space square footage price of $46.47 per square foot.
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Now, when 66202 6th St is compared to this peer group of 5 properties at an average price of $56,860, a Base Value of $40,050 and an average price per square foot of $46.47, the price of $31,000 at $24.72 per square foot for the property at 66202 6th St represents a 23% difference. As in any transaction, a substantial discount in price may reflect the condition of the property, so be sure to conduct your inspections and due diligence and consult a real estate professional like the local real estate agent listed below before you make ANY purchase.
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| Comparable Market Analysis for 66202 6th St and the Comparable Properties in DESERT HOT SPRINGS, 92240 : |
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The 5 DESERT HOT SPRINGS, CA 92240 property listings in the chart above compare to the subject listing at 66202 6th St, DESERT HOT SPRINGS, CA 92240 as follows:
-66202 6th St features 1,254 square feet, 2 bedrooms and 2 bathrooms on a 0.150 Acre parcel lot built in 1952.
-The 5 comparable properties in DESERT HOT SPRINGS, CA 92240 feature an average of 1203.2 square feet, 2.6 bedrooms and 1.6 bathrooms on an average 0.15 Acre parcel lot built around 1952.
-66202 6th St is priced at $31,000 compared to its base value of $40,050 which represents a 23% difference in price versus base market value. We also compare the list price of $31,000 to the average price of $56,860 for these comparable properties in DESERT HOT SPRINGS, 92240.
-66202 6th St is currently priced at $24.72 per square foot compared to the group average of $46.47 for these comparable properties in DESERT HOT SPRINGS, 92240.
Investors and home buyers can determine whether or not the property for sale at 66202 6th St is a discounted real estate listing for sale based on the 5 comparable properties above and the spread in valuations between the current list price of $31,000, the comparable Base Market Value of 66202 6th St at $40,050, and the overall average list price of $56,860 for similar comparable real estate properties for sale or recently sold in DESERT HOT SPRINGS, 92240. Once the value spread is determined, you must estimate the total cost of repairs needed to bring the property up to a basic, clean, functional, livable and salable condition, (it's "Base" condition).
We recommend you contact the local DESERT HOT SPRINGS, CA real estate professional listed below or one of our advertising/ partner members listed here on PropertyHookup.com to help you in your real estate investment venture. These professionals can provide you with added knowledge and expertise in the foreclosure/ investment/ fixer upper process. As always, we recommend you conduct your full due diligence, attend all property inspections and review a full property title report before purchasing any DESERT HOT SPRINGS, CA investment property.
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| More about real estate in DESERT HOT SPRINGS, 92240 : |
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Still searching for great real estate and discounted homes for sale in DESERT HOT SPRINGS, CA?
Search more cheap homes and greatly reduced DESERT HOT SPRINGS, CA Investment Real Estate listings for sale and Fixer Upper and Foreclosure Home Property Listings in Desert Hot Springs, CA and 92240
Please use the property's MLS #: 21434404 or the designated PropertyHookup.com Property ID #: 3854330 for the real estate listing at 66202 6th St in DESERT HOT SPRINGS, CA 92240 when contacting the qualified local DESERT HOT SPRINGS, CA real estate agent listed below or any real estate professional.
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| Our real estate investment software instantly calculates the house values for every piece of residential real estate investment property on the market. It then filters the house values and identifies the best priced real estate listings for sale in your area. Our foreclosure homes and MLS real estate listings for sale are ALL 20% to 50% Below Current Market Value. Use our real estate agent search to ensure that you SAVE TENS OF THOUSANDS on your next investment in real estate. |
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