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1037 Virginia Avenue, Colton, California 92324, Colton, 92324 - 5 bed, 2 bath

1037 Virginia Avenue, Colton, California 92324 home-pic-0
ACTIVE$569,000
1037 Virginia Avenue, Colton, California 92324
5Beds
2Baths
1,707Sqft
12,250Lot

Price Vs. Estimate

The estimated value ($239,779.9) is $329,220.1 (57%) lower than the list price ($569,000). This property may be overpriced.

Key pros and cons

Top Pros:
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 = 12250, living area = 1707.
Top Cons:
Requires Significant Renovation: The property is explicitly marketed as needing 'significant work' and a 'project,' indicating substantial financial investment and effort for modernization and repairs.

Compared to the nearby listings

Price:$569.0K vs avg $514.0K (+$55,000)75%
Size:1,707 sqft vs avg 1,345 sqft73%
Price/sqft:$333 vs avg $36236%

More Insights

Built in 1958 (67 years old).
Condition: The property, built in 1958, is explicitly described as needing 'significant work' and being a 'project.' The images confirm this, particularly in the kitchen and bathrooms, which are severely outdated with original or very old cabinetry, appliances, and fixtures. While the structure appears sound, the interior requires substantial rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Year Built
1958
Close
-
List price
$569K
Original List price
$585K
Price/Sqft
$333
HOA
-
Days on market
-
Sold On
-
MLS number
CV24219263
Home ConditionPoor
Features
View-

About this home

Welcome to this beautiful two-story home at 1037 Virginia Ave! This -5-bedroom, 2-bathroom home offers 1,707 sq. ft. of living space on a generous 12,250 sq. ft. lot. Built in 1958, this property is a great opportunity for those looking for a project to make their own and is perfect for first-time buyers. The home features an attached garage, providing convenient parking and storage, the Lot, of 12,250 sq. ft, provides an excellent opportunity to add an ADU, and The backyard is the perfect space for entertaining friends and family gatherings. It is located near plenty of shopping, restaurants, schools, and parks and is conveniently located near the 10 and 215 freeways. Don't wait, this one won't last. The home also has. Solar panels leased in 2024, the buyer must qualify for panels too. Submit your best offer. While it needs significant work, it has the potential to become your dream home. Don’t miss the chance to create something special in a desirable neighborhood!

Condition Rating
Poor
The property, built in 1958, is explicitly described as needing 'significant work' and being a 'project.' The images confirm this, particularly in the kitchen and bathrooms, which are severely outdated with original or very old cabinetry, appliances, and fixtures. While the structure appears sound, the interior requires substantial rehabilitation to meet modern living standards, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

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 = 12250, living area = 1707.
Large Lot with ADU Potential: The generous 12,250 sq. ft. lot offers significant space for expansion and explicitly highlights the opportunity to add an ADU, increasing potential value and flexibility.
High Bedroom Count: With 5 bedrooms, the property is well-suited for larger families or those needing multiple dedicated spaces for home offices or guests.
Convenient Freeway Access: Proximity to the 10 and 215 freeways provides excellent connectivity for commuters, enhancing the property's accessibility.
Neighborhood Amenities: Located near plenty of shopping, restaurants, schools, and parks, enhancing daily convenience and lifestyle for residents.
Attached Garage: The property includes an attached garage, offering practical benefits for parking, storage, and direct access to the home.

Cons

Requires Significant Renovation: The property is explicitly marketed as needing 'significant work' and a 'project,' indicating substantial financial investment and effort for modernization and repairs.
Substantial Overpricing Relative to Estimated Value: The list price of $569,000 is more than double the property's estimated value of $239,779.90, indicating a significant pricing discrepancy that may deter buyers or require a substantial price reduction.
Leased Solar Panels with Buyer Qualification: The solar panels are leased, not owned, and require the buyer to qualify for the existing lease, which can be a financial hurdle and an ongoing commitment.

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