1083 Lorraine, Rialto, California 92376, Rialto, 92376 - 3 bed, 2 bath
ACTIVE$520,000
1083 Lorraine, Rialto, California 92376
3Beds
2Baths
1,502Sqft
7,200Lot
Price Vs. Estimate
The estimated value ($540,000) is $20,000 (3%) higher than the list price ($520,000). This property may be underpriced.
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 = 7200, living area = 1502.
Top Cons:
Age of Core Systems: Built in 1959, despite recent cosmetic and roof updates, the property's underlying infrastructure (e.g., plumbing, electrical, HVAC) may be original or outdated, potentially requiring future upgrades.
Compared to the nearby listings
Price:$520.0K vs avg $565.0K ($-45,000)27%
Size:1,502 sqft vs avg 1,485 sqft50%
Price/sqft:$346 vs avg $37130%
More Insights
Built in 1959 (66 years old).
Condition: This 1959-built home has undergone significant cosmetic updates, including a newer roof, fresh interior and exterior paint, and updated kitchen and bathrooms. The kitchen features modern white cabinets, stainless steel appliances (gas range, OTR microwave), and clean tile flooring. Bathrooms also present updated vanities and fixtures. While the property is move-in ready and aesthetically pleasing, the underlying core systems (plumbing, electrical) are likely original or older, and the absence of central air conditioning is a notable factor for a California climate, suggesting potential future upgrades for optimal comfort.
Year Built
1959
Close
-
List price
$520K
Original List price
$540K
Price/Sqft
$346
HOA
-
Days on market
-
Sold On
-
MLS number
IV25246064
Home ConditionGood
Features
Patio
ViewCity Lights,Neighborhood
About this home
Welcome to Rialto! This beautifully updated 3bedroom, 2bathroom home is move in ready and full of charm. Recent upgrades include a newer roof and fresh interior and exterior paint, giving the home an open floor modern and inviting feel. The spacious 7,200 sqft lot offers plenty of room for outdoor entertaining, gardening, or future expansion. Conveniently located near shopping centers, schools, parks, and easy freeway access, this home combines comfort and convenience in a great neighborhood. Don’t miss the opportunity to make this lovely Rialto property your new home!
Condition Rating
Good
This 1959-built home has undergone significant cosmetic updates, including a newer roof, fresh interior and exterior paint, and updated kitchen and bathrooms. The kitchen features modern white cabinets, stainless steel appliances (gas range, OTR microwave), and clean tile flooring. Bathrooms also present updated vanities and fixtures. While the property is move-in ready and aesthetically pleasing, the underlying core systems (plumbing, electrical) are likely original or older, and the absence of central air conditioning is a notable factor for a California climate, suggesting potential future upgrades for optimal comfort.
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 = 7200, living area = 1502.
Extensive Recent Updates: The home is described as 'beautifully updated' with a newer roof and fresh interior/exterior paint, making it move-in ready and reducing immediate capital expenditures for a buyer.
Spacious & Versatile Lot: A generous 7,200 sqft lot provides ample space for outdoor activities, gardening, or potential future expansion, adding significant value and flexibility.
Prime Location & Accessibility: Conveniently located near shopping centers, schools, parks, and offering easy freeway access, enhancing daily convenience and desirability within the neighborhood.
Attractive Value Proposition: The property is currently listed below its estimated market value ($520,000 vs. $540,000) and has undergone a recent price reduction, indicating a competitive and appealing price point.
Charming & Modern Interior: The description highlights an 'open floor modern and inviting feel' combined with inherent charm, appealing to a broad range of buyers seeking a comfortable and updated living space.
Cons
Age of Core Systems: Built in 1959, despite recent cosmetic and roof updates, the property's underlying infrastructure (e.g., plumbing, electrical, HVAC) may be original or outdated, potentially requiring future upgrades.
Absence of Explicit Cooling System: The property description does not specify the presence of an air conditioning system, which could be a significant comfort concern and potential expense for buyers in California's warm climate.
Potential for Undeveloped Outdoor Space: While the 7,200 sqft lot is spacious and offers 'room for outdoor entertaining, gardening, or future expansion,' the description doesn't detail existing landscaping or hardscaping, implying potential significant investment for full utilization.