Movoto Real Estate
Sold on 08/10/2023
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517 Walnut Ave, Redlands, CA 92373

$744,000

Last sold 08/10/2023 for $779K

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    bed

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    bath

Multi-family not for sale

About 517 Walnut Ave

Property type Multi-family
Neighborhood
Year built 1959
HOA fee $0/month
Lot size 10,800 Sqft
Movoto estimate
Parking 2 garage spaces
Rental estimate
Property description
Welcome home to this south Redlands gem! The 3 bedroom, 2 bath, 1379 sq ft main home has been newly remodeled to include new doors and windows, open kitchen with large granite island, indoor laundry, 2 brand new bathrooms with dual master shower, new interior paint with exterior stucco and trim. The spacious .25 acre lot includes a partially finished structure, currently being utilized as a shed with city permits in process to convert to a 1 bedroom, 1 bath detached ADU with 722 sq ft of living space and 228 sq ft of loft storage space. Full engineering plans will be included for the new owners to finish the structure as desired. The expansive backyard was completely reimagined with thoughtfully manicured landscape and hardscape to create the ultimate sanctuary experience! The private oasis includes multiple seating and entertaining areas, covered patio, gas fire pit and gourmet outdoor California kitchen. Experience peace and tranquility with nature close to home in the certified wildlife habitat and wildflower garden. Grow your own fruits and vegetables in the fully irrigated planter with established fruit bearing trees (Orange, Avocado, Lime, Lemon and Loquat). The spacious two car garage is insulated and includes an AC unit for those hot summer days. The front driveway was completely redone to include extra parking space with new main line waste and water supply ran to the house and cleanouts. A new redwood fence was installed to add privacy to the entire property surrounded by hedges for the ultimate privacy. Desirably located on a quiet street in Redlands Historical District and a short walk to Prospect Park and Gerrards Market. Located in an excellent Redlands unified school district with access to Kimberly Elementary School, Cope Middle School and Redlands High School all within walking distance. This unique and full of opportunity turnkey home is a must see and won't last long!
Listed by
Listing Agent - BETHANY SLOAN
Listing Office - REGIONCY REAL ESTATE
Source: CRMLS mls logo
MLS#EV23068369 • last updated 3 years ago
Movoto checked CRMLS for data 2 minutes ago
Overview
Levels/Style One
Type Residential Income
SubType Single Family Residence
Status Closed
Lot Size (Acres) 0.2479
Lot Size (SqFt) 10800
Year Built 1959
Interior
Flooring Laminate
Appliances Barbecue, Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Cooktop, Ice Maker, Range Hood, Refrigerator, Tankless Water Heater, Water Line To Refrigerator
Interior Features Ceiling Fan(s), Crown Molding, Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting, Storage
Accessibility Features 36 Inch Or More Wide Halls, Customized Wheelchair Accessible, Disability Features, Ramp - Main Level
Window Features Double Pane Windows, ENERGY STAR Qualified Windows, Plantation Shutters
Exterior
Foundation Slab
Construction Stucco
Building Area Square Feet, 1379
Roof Shingle
Parking Driveway, Concrete, Garage
# Parking Spaces 2
# Garage Spaces 2
Other Structures Shed(s), Storage, Workshop
Lot Description Back Yard, Front Yard, Garden, Landscaped, Lawn, Park Nearby, Patio Home, Secluded, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers In Rear, Sprinklers On Side, Sprinklers Timer, Treed Lot, Up Slope From Street, Utilities - Overhead, Yard
Amenities / Utilities
Fireplaces Living Room
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Inclusions 1 Stackable Unit Gas Washer & Dryer, Refrigerator
Pool None
Location
View City Lights, Mountain(s), Neighborhood
County San Bernardino
Community Features Biking, Dog Park, Foothills, Hiking, Park, Preserve/Public Land, Suburban
Directions Head South On S Center St Toward Highland Ave, East On Walnut Ave Toward Alvarado St. Located Between Ramona Dr And S Center St
APN 173213080000
Multifamily Details
Expense: Trash 480
Operating Expense 15479
Cap Rate 5.95
Expense: Insurance 1237
Total Expenses 15479
Expense: Water/ Sewer 900
Gross Income 50521
Gross Multiplier 12.86
Gross Scheduled Income 66000
Expense: Gardener 2400
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
$744K
Range: $587K-$900K
Last 30 days 
Rental est.: $1,700/month
Gross rent multiplier: 38.2
  • Aug 2023
    mls logo MLS # EV23068369
  • Aug 10, 2023 Sold
    $779,000
  • Jun 26, 2023 Active
    —
  • Apr 21, 2023 Listed
    $789,000 (+9.7%)
  • Aug 2023
    Public Records
  • Aug 10, 2023 Sold
    $779,000 (-1.3%)
  • Dec 2022
    mls logo MLS # EV22208994
  • Dec 7, 2022 Price Change
    $719,000 (-4.0%)
  • Nov 20, 2022 Price Change
    $749,000 (-6.3%)
  • Nov 13, 2022 Price Change
    $799,000 (-3.6%)
  • Oct 31, 2022 Price Change
    $829,000 (-2.4%)
  • Sep 18, 2022 Listed
    $849,000 (+97.4%)
  • Jun 2018
    Public Records
  • Jun 8, 2018 Sold
    $430,000
  • Jun 2018
    mls logo MLS # EV18092703
  • Jun 8, 2018 Sold
    $430,000
  • Jun 8, 2018 Sold
    $430,000 (+2.4%)
  • May 17, 2018 Active
    —
  • May 17, 2018 Contingent
    —
  • May 13, 2018 Listed
    $420,000
  • May 13, 2018 Listed
    $420,000
  • Year Property taxes Tax assessment
  • 2024
    $9,114 +63.0%
    $779,000
  • 2023
    $5,590 +1.5%
    $779,000 +65.65%
  • 2022
    $5,507 -1.8%
    $470,267 +2.0%
  • 2021
    $5,606 +1.5%
    $461,046 +2.0%
  • 2020
    $5,522 +2.9%
    $452,006 +1.04%
  • 2019
    $5,366 +238.4%
    $447,372 +2.0%
  • 2018
    $1,585
    $438,600
  • 517 Walnut Ave
    $779K
  • South Redlands
    $829K +3% y/y
  • 92373
    $829K +4% y/y
  • Redlands
    $716K +5% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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