1039 E Elma, Ontario, California 91764, Ontario, 91764 - 3 bed, 1 bath
ACTIVE$590,000
1039 E Elma, Ontario, California 91764
3Beds
1Bath
1,286Sqft
5,544Lot
Price Vs. Estimate
The estimated value ($610,684.11) is $20,684.11 (3%) higher than the list price ($590,000). This property may be underpriced.
Key pros and cons
Top Pros:
Prime Central Location: Centrally located with easy access to major freeways, schools, hospitals, and shopping, enhancing convenience and potential appreciation.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Compared to the nearby listings
Price:$590.0K vs avg $669.5K ($-79,500)14%
Size:1,286 sqft vs avg 1,365 sqft38%
Price/sqft:$459 vs avg $47645%
More Insights
Built in 1922 (103 years old).
Condition: This property, built in 1922, is aged but has received some essential updates, including a newer electrical panel, roof, and windows, which prevent it from being in 'poor' condition. However, the listing explicitly states it 'needs some TLC' and 'cosmetic fixes' and is sold 'AS IS.' The kitchen features dated wooden cabinets, older appliances (though a stainless dishwasher is present), and inconsistent flooring that appears to need attention. With only one bathroom for three bedrooms and no images provided, it's highly probable the bathroom is also outdated and requires renovation. While functional, the home shows significant signs of age and outdated styles, requiring minor to moderate cosmetic updates to meet modern standards, aligning with the 'fair' condition criteria.
Year Built
1922
Close
-
List price
$590K
Original List price
$590K
Price/Sqft
$459
HOA
-
Days on market
-
Sold On
-
MLS number
PW25262136
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
LOCATION, LOCATION, LOCATION! Don't miss out on this great opportunity to own this home in the charming city of Ontario. Featuring 3 bedrooms-one of them a bonus room being used as a bedroom-, 1 bath, 1,286 total living square footage. Newer electrical panel, newer roof and newer windows. Detached two car garage, lots of parking and lots of yard space!! This home has so much to offer, bring your imagination, ideas on some cosmetic fixes and restore to it's original beauty. Conveniently, centrally located with easy access to the major freeways, schools, hospitals and shopping. SOLD AS IS. Seller will not make any repairs. Does need some TLC but you do have the updated roof, electrical panel and windows done for you.
Price History
Date
Event
Price
05/17/12
Sold
$185,000
09/17/10
Sold
$97,500
Condition Rating
Fair
This property, built in 1922, is aged but has received some essential updates, including a newer electrical panel, roof, and windows, which prevent it from being in 'poor' condition. However, the listing explicitly states it 'needs some TLC' and 'cosmetic fixes' and is sold 'AS IS.' The kitchen features dated wooden cabinets, older appliances (though a stainless dishwasher is present), and inconsistent flooring that appears to need attention. With only one bathroom for three bedrooms and no images provided, it's highly probable the bathroom is also outdated and requires renovation. While functional, the home shows significant signs of age and outdated styles, requiring minor to moderate cosmetic updates to meet modern standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Prime Central Location: Centrally located with easy access to major freeways, schools, hospitals, and shopping, enhancing convenience and potential appreciation.
Key Infrastructure Updates: Significant recent upgrades include a newer electrical panel, roof, and windows, reducing immediate major maintenance costs for a new owner.
Ample Outdoor Space: The property boasts a generous yard space, offering potential for landscaping, outdoor living enhancements, or future expansion.
Detached Two-Car Garage: A detached two-car garage provides valuable parking, storage, or potential for conversion into an Accessory Dwelling Unit (ADU) or workshop.
Restoration Potential & Character: Built in 1922, the home offers a unique opportunity to restore its original beauty and charm, appealing to buyers seeking a property with historical character.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
As-Is Condition & Required TLC: The property is sold 'as-is' with no seller repairs, indicating a need for immediate cosmetic fixes and potential additional buyer investment to restore its full beauty.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may present functional challenges for families or multiple occupants.
Overpriced Relative to Market Estimate: The current listing price of $590,000 is significantly higher than the estimated property value of $545,049.68, suggesting it may be overvalued in the current market.