1031 S Palmetto Q2, Ontario, California 91762, Ontario, 91762 - 2 bed, 3 bath
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Ontario, California 91762
This Updated Dual-Suite Condo is a High-Potential Investment Opportunity, listed at $449,000—positioned well below the $469,869 Fair Market Value by 4%. This valuation gap offers $20,869 in Instant Equity for incoming buyers. Featuring a Condition Rating of 3, the home showcases new luxury vinyl flooring, designer carpeting, and fresh paint. With scenic mountain views and a private patio, the property provides a polished lifestyle near Ontario High School. This move-in-ready asset is ideal for Owner-Occupants or first-time buyers seeking immediate appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1031 S Palmetto Q2 Subject | $449,000* List Price | 2 | 3 | 1,107 | $424 | - |
A 1031 S Palmetto Avenue N9 Sold | $470,000 | 2 | 3 | 1,107 | $425 | 0.0 mi |
B 1031 Palmetto Avenue Sold | $489,000 | 2 | 3 | 1,181 | $414 | 0.0 mi |
C 1706 S Mountain Sold | $415,000 | 2 | 3 | 1,156 | $359 | 0.8 mi |
D 1031 S Palmetto Avenue J7 Sold | $490,000 | 2 | 3 | 1,107 | $443 | 0.0 mi |
E 1031 S Palmetto Avenue G2 Sold | $440,000 | 2 | 2 | 960 | $458 | 0.1 mi |
F 1031 S Palmetto S8 Active | $460,000 List Price | 2 | 3 | 1,107 | $416 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent cosmetic updates, including new luxury vinyl plank flooring, fresh neutral paint, and new designer carpeting. While the kitchen has been refreshed with white cabinetry, it retains dated tile countertops and standard black appliances. Built in 1985, the home is well-maintained but does not meet the 'excellent' criteria due to the style of some finishes and the age of the underlying infrastructure.
The property features significant recent upgrades, including new luxury vinyl plank flooring, designer carpeting, and a refreshed kitchen, offering a move-in-ready aesthetic for modern buyers.
The layout includes two generously sized primary suites with dedicated bathrooms, providing an ideal configuration for roommates, guests, or enhanced privacy.
This unit offers desirable mountain views, adding a premium feel and a sense of openness that distinguishes it from other units in the complex.
The monthly HOA fee of $460 is relatively high for this price point, which may impact the overall monthly affordability and debt-to-income ratios for some buyers.
Built in 1985, the property and community common areas are nearly 40 years old, which may lead to increased maintenance needs or future special assessments for aging systems.
Welcome to this beautifully updated condo in the desirable city of Ontario! This light and bright home features an open-concept layout with spacious living and dining areas and new luxury vinyl flooring and designer carpeting, perfect for both relaxing and entertaining. The crisp white kitchen offers ample cabinetry, modern finishes, and a functional design that flows seamlessly into the main living space. Enjoy two generously sized primary suites, along with well-appointed bathrooms and plenty of storage throughout. The home showcases fresh interior finishes, neutral tones, and abundant natural light. Step outside to a private patio area ideal for morning coffee or evening relaxation. The community offers well-maintained grounds and convenient amenities, creating a peaceful and inviting environment. Located near shopping, dining, parks, and major freeways, this home provides both comfort and convenience.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades 7-8 • 0.6 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 47% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,107 | 1,371 | 28% |
| Lot Size | 1,107 | - | 74% |
| Price | $449.0K | $555.2K | 18% |
| Price per sq ft | $406 | $395 | 57% |
| Built year | 1985 | 2025 | 26% |
| HOA | $460.0 | $300 | 93% |
| Days on market | 26 | 209 | 1% |
Mar 27, 2026
$449,000
Initial Listing
Sep 28, 2001
$112,500
Public Record
Jul 15, 1997
$66,500
Public Record