1008 N Merced, Ontario, California 91764, Ontario, 91764 - 3 bed, 2 bath
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1008 N Merced
Ontario, California 91764
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,406Sq Ft
7,140Lot Size
Property Price
LIST PRICE$635,000
EST. MARKET VALUE
$668,481
5% BelowMARKET VALUE
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $635,000—positioned well below the $668,482 Fair Market Value by 5%. This valuation gap provides $33,482 in Instant Equity. Featuring a modern renovated kitchen and a large 7,140 sqft lot, the home maintains a Condition Rating of 3. While minor cosmetic updates will enhance long-term value, the property offers immediate functionality. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a well-positioned asset in the Chaffey Joint Union High district.
Estimated Market Value
$668,481+$33,481 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Ontario.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1008 N Merced Subject | $635,000* List Price | 3 | 2 | 1,406 | $475 | - |
A 1021 N Orange Avenue Sold | $650,000 | 4 | 2 | 1,524 | $427 | 0.1 mi |
B 1828 E Princeton Street Sold | $700,000 | 3 | 2 | 1,354 | $517 | 0.3 mi |
C 1434 N San Diego Sold | $660,000 | 3 | 2 | 1,348 | $490 | 0.6 mi |
D 1434 Calaveras Court Sold | $649,000 | 4 | 2 | 1,152 | $563 | 0.8 mi |
E 927 N Glenn Sold | $699,000 | 4 | 2 | 1,684 | $415 | 0.5 mi |
F 1832 Plaza Serena Sold | $710,000 | 4 | 2 | 1,493 | $476 | 0.3 mi |
G 1833 E Yale Sold | $715,000 | 3 | 2 | 1,354 | $528 | 0.4 mi |
H 1417 Sycamore Sold | $637,000 | 3 | 2 | 1,212 | $526 | 1.0 mi |
I 1712 E Granada Court Active Under Contract | $690,000 List Price | 3 | 2 | 1,352 | $510 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1963, the property features a modern renovated kitchen with stainless steel KitchenAid appliances and updated cabinetry (likely <10 years old). The exterior, roof, and patio cover appear well-maintained. The interior requires minor cosmetic updates such as popcorn ceiling removal and new carpeting in the bedrooms to reach Excellent status.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7140, living area = 1406.
- Competitive Market Entry
Priced at $635,000, this property represents an accessible entry point for families or investors looking to enter the competitive Ontario real estate market.
- Ample Lot Size
The 7,140 square foot lot provides significant outdoor space for recreation, landscaping, or potential future expansions like an ADU.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1963, the property may require updates to major systems such as electrical, plumbing, or HVAC to meet contemporary standards.
- Limited Aesthetic Outlook
The property lacks any significant views, which may be a drawback for buyers seeking scenic vistas or a sense of openness.
About 1008 N Merced
Welcome to this charming single-story pool home in Ontario! This inviting property features 3 bedrooms and 2 bathrooms, offering a comfortable and functional layout perfect for families, first-time buyers, or those looking for convenient single-level living. The home provides a great opportunity to personalize and make it your own. Step outside to enjoy the private pool, perfect for relaxing, entertaining, and making the most of Southern California’s warm weather. Ideally located with easy access to the 10 Freeway, commuting and exploring nearby shopping, dining, schools, and entertainment is a breeze. Don’t miss the opportunity to own a single-story pool home in a convenient Ontario location!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 7,140 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.7 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,406 | 1,780.319 |
| Lot Size | 7,140 | 7,032.331 |
| Price | $635.0K | $742.2K |
| Price per sq ft | $452 | $433 |
| Built year | 1963 | 1979 |
| HOA | $0 | $167 |
| Days on market | 13 | 54 |
Pricing History
Listed for Sale
Aug 27, 2026
$635,000
Initial Listing