517 Lemon
Redlands, CA, 92374
$520,000
Original list price: $549,000
MLS: RS26194662
Beds
3
Baths
2
Sq Ft
1,222
Lot
0.15 ac
Year Built
1952
MLS #
RS26194662
Days on Market
21
Listed
Sep 4, 2026
Description
Charming Redlands home in a great location, great opportuinity for a first time entry buyer. Situated in one of Redlands' most desirable pockets. Featuring 2 bedrooms, 1.75 baths, and a versatile bonus den/bedroom with it's own full bathroom. Steps away from Redlands High School. Known for a very strong Advanced Placement (AP) and Honors track. A multi-time recipient of the California Distinguished School Award and a California Gold Ribbon School. Enjoy a cozy living area with a brick fireplace in the living room, central air and heat, an attached 2-car garage. The 6,375 sq. ft. lot offers a spacious backyard, great for gatherings with potential ADU space. Offers beautiful mountain views. Located on a quiet street less than a mile from the University of Redlands (just a 2-minute drive) and minutes from the shopping and dining of historic Downtown Redlands. Whether looking for a primary residence or a high-demand rental investment near the university, this location is tough to beat. Perfect for a buyer looking for a well priced home with minimal repairs to make it their own. Perfect for an investor who would consider a student housing and or rental property. Needs very minimal TLC. Carpet, paint and move in! Come take a look at this property today.
Location
Redlands, San Bernardino County, CA 92374
Open on Google Maps ↗Listed by: Adrian Cafuentes · PAK Home Realty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$4,277
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $52,000 · Loan: $468,000
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,240
- Property tax (1.25%)
- $542
- Homeowners insurance
- $300
- Mortgage insurance
- $195
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Redlands home with as little as 3.5% down using an FHA loan — roughly $18,200 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Redlands, CA 92374 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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