1111 W E Street, Ontario, California 91762, Ontario, 91762 - 3 bed, 2 bath
ACTIVE$615,000
1111 W E Street, Ontario, California 91762
3Beds
2Baths
1,319Sqft
12,180Lot
Price Vs. Estimate
The estimated value ($590,509.685) is $24,490.315 (3%) lower than the list price ($615,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investor Opportunity: Explicitly marketed as an 'Investor Opportunity,' this property is ideal for those looking to capitalize on renovation, expansion, or redevelopment projects.
Top Cons:
Age of Property: Built in 1954, the home is older and likely requires significant updates to its systems, finishes, and overall aesthetic to meet modern standards and maximize its potential.
Compared to the nearby listings
Price:$615.0K vs avg $751.0K ($-136,000)9%
Size:1,319 sqft vs avg 1,830.5 sqft21%
Price/sqft:$466 vs avg $41264%
More Insights
Built in 1954 (71 years old).
Condition: Built in 1954, this property shows significant age and requires substantial rehabilitation. While the kitchen has granite countertops, the cabinets and appliances are very dated. The bathroom is extremely old and needs a complete overhaul. Flooring, light fixtures, and overall interior finishes are outdated, indicating that major renovations have not occurred in several decades. The description's emphasis on 'investor opportunity' and 'potential for renovation, expansion, or redevelopment' further supports the need for extensive updates to meet current living standards.
Year Built
1954
Close
-
List price
$615K
Original List price
$615K
Price/Sqft
$466
HOA
-
Days on market
-
Sold On
-
MLS number
PW25156766
Home ConditionPoor
Features
View-
About this home
Investor Opportunity! Don’t miss this 3-bedroom, 1.5-bath home with 1,319 sq ft of living space, ideally located on the Ontario/Montclair border. This property offers great potential, featuring an open living room, a spacious family room addition, central A/C and heating, and a kitchen with granite countertops & gas stove. Situated on an expansive 12,000+ sq ft lot, this home presents endless possibilities for renovation, expansion, or redevelopment. A must-see for savvy investors!
Condition Rating
Poor
Built in 1954, this property shows significant age and requires substantial rehabilitation. While the kitchen has granite countertops, the cabinets and appliances are very dated. The bathroom is extremely old and needs a complete overhaul. Flooring, light fixtures, and overall interior finishes are outdated, indicating that major renovations have not occurred in several decades. The description's emphasis on 'investor opportunity' and 'potential for renovation, expansion, or redevelopment' further supports the need for extensive updates to meet current living standards.
Pros & Cons
Pros
Investor Opportunity: Explicitly marketed as an 'Investor Opportunity,' this property is ideal for those looking to capitalize on renovation, expansion, or redevelopment projects.
Expansive Lot Size: Situated on a generous 12,000+ sq ft lot, offering significant potential for future expansion, additional dwelling units (ADU), or complete redevelopment.
Strategic Location: Located on the desirable Ontario/Montclair border, providing convenient access to amenities, transportation, and potential for appreciation in a growing area.
Renovation & Expansion Potential: The property's layout, including an open living room and spacious family room addition, combined with the large lot, offers endless possibilities for customization and value addition.
Central A/C and Heating: Equipped with central air conditioning and heating, a crucial comfort feature for the region, enhancing livability and appeal.
Cons
Age of Property: Built in 1954, the home is older and likely requires significant updates to its systems, finishes, and overall aesthetic to meet modern standards and maximize its potential.
Limited Bathrooms: With 1.5 bathrooms for a 3-bedroom home, the property may be considered underserviced for larger families or those seeking more modern conveniences, potentially necessitating an upgrade.
Requires Significant Investment: While offering 'endless possibilities,' this implies the property is not move-in ready and will require substantial financial and time investment for renovation or redevelopment.