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1054 Hollowell Street, Ontario, California 91762, Ontario, 91762 - 3 bed, 1 bath

1054 Hollowell Street, Ontario, California 91762 home-pic-0
ACTIVE$622,500
1054 Hollowell Street, Ontario, California 91762
3Beds
1Bath
1,034Sqft
8,208Lot

Price Vs. Estimate

The estimated value ($435,006.08) is $187,493.92 (30%) lower than the list price ($622,500). 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 = 8208, living area = 1034.
Top Cons:
Single Bathroom: The home features only one bathroom for three bedrooms, which may be a limiting factor for families or multiple occupants and could impact market appeal and convenience.

Compared to the nearby listings

Price:$622.5K vs avg $751.0K ($-128,500)10%
Size:1,034 sqft vs avg 1,830.5 sqft7%
Price/sqft:$602 vs avg $41296%

More Insights

Built in 1952 (73 years old).
Condition: Despite being built in 1952, this property has undergone an extensive and very recent renovation, aligning with the 'extensively renovated within 5 years' criteria. The description highlights a remodeled kitchen and bathroom, new flooring, fresh paint, newer windows, upgraded electrical panel, new PEX plumbing, and a 2021 sewer line upgrade. The images confirm modern, high-quality finishes in the kitchen (white shaker cabinets, stainless steel appliances, quartz/granite countertops, recessed lighting) and bathroom (modern vanity, tiled shower/tub). All visible components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards.
Year Built
1952
Close
-
List price
$623K
Original List price
$640K
Price/Sqft
$602
HOA
-
Days on market
-
Sold On
-
MLS number
WS25050858
Home ConditionExcellent
Features
Patio
View-

About this home

This beautifully updated 3-bedroom, 1-bathroom home in Ontario is perfect for first-time buyers. Featuring a remodeled kitchen, upgraded electrical panel, recessed lighting, and newer windows, this home is ready for its next owners to enjoy. The indoor laundry area and sun porch provide extra convenience, while the new PEX plumbing and 2021 sewer line upgrade offer peace of mind. With fresh interior and exterior paint, new flooring, a remodeled bathroom, and a spacious primary bedroom with a walk-in closet and ceiling fan, this home blends modern updates with comfort. The private backyard includes block walls, a covered patio, a 2-car detached garage, and fruit trees such as fig and lemon. Space for an ADU. Conveniently located just a block from restaurants, shopping, and mini markets, with a dog park two blocks away and Ontario Airport a short drive, this is an opportunity you won’t want to miss—schedule your showing today!

Condition Rating
Excellent
Despite being built in 1952, this property has undergone an extensive and very recent renovation, aligning with the 'extensively renovated within 5 years' criteria. The description highlights a remodeled kitchen and bathroom, new flooring, fresh paint, newer windows, upgraded electrical panel, new PEX plumbing, and a 2021 sewer line upgrade. The images confirm modern, high-quality finishes in the kitchen (white shaker cabinets, stainless steel appliances, quartz/granite countertops, recessed lighting) and bathroom (modern vanity, tiled shower/tub). All visible components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards.
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 = 8208, living area = 1034.
Extensive Modern Upgrades: The property boasts a remodeled kitchen, upgraded electrical panel, new PEX plumbing, 2021 sewer line, newer windows, fresh paint, new flooring, and a remodeled bathroom, making it largely move-in ready.
ADU Potential: The generous 8,208 sqft lot and existing detached 2-car garage offer significant potential for adding an Accessory Dwelling Unit (ADU), enhancing future value and income opportunities.
Desirable Outdoor Space: A private backyard with block walls, a covered patio, a 2-car detached garage, and mature fruit trees provides excellent outdoor living and utility.
Prime Location & Accessibility: Conveniently situated within a block of restaurants, shopping, and mini markets, and close to a dog park and Ontario Airport, offering high walkability and easy commutes.
First-Time Buyer Appeal: Explicitly marketed as 'perfect for first-time buyers,' indicating a well-maintained and updated home that requires less immediate investment for new homeowners.

Cons

Single Bathroom: The home features only one bathroom for three bedrooms, which may be a limiting factor for families or multiple occupants and could impact market appeal and convenience.
Potential Overpricing: The current list price of $622,500 is significantly higher than the property's estimated value of $435,006.08, suggesting potential overpricing or a disconnect with automated valuation models.
Age of Original Structure: Despite extensive updates, the home's original construction year of 1952 means some underlying components or systems may still be older, potentially leading to unforeseen maintenance concerns not addressed by recent renovations.

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