117 N Orange Avenue, Rialto, California 92376, Rialto, 92376 - 1 bed, 1 bath
ACTIVE$357,500
117 N Orange Avenue, Rialto, California 92376
1Bed
1Bath
592Sqft
3,750Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Renovation Potential: Described as 'oozing with potential,' this property is an ideal canvas for investors or buyers seeking a custom renovation project.
Top Cons:
Cash-Only Transaction: This strict requirement drastically narrows the potential buyer pool, excluding those who rely on mortgage financing.
Compared to the nearby listings
Price:$357.5K vs avg $565.0K ($-207,500)1%
Size:592 sqft vs avg 1,485 sqft1%
Price/sqft:$604 vs avg $37198%
More Insights
Built in 1890 (135 years old).
Condition: Built in 1890, this property is over 130 years old with no indication of major renovations in the past 50 years. The 'CASH ONLY' and 'AS-IS SALE' terms strongly suggest the property is not financeable due to its condition, likely requiring substantial repairs or being unlivable. The description 'oozing with potential' for a 592 sqft home of this age often implies the value is in the land for redevelopment, rather than the existing structure. The single exterior image shows an old, weathered fence, further supporting a state of significant disrepair.
Year Built
1890
Close
-
List price
$358K
Original List price
$358K
Price/Sqft
$604
HOA
-
Days on market
-
Sold On
-
MLS number
IV24177949
Home ConditionTear down
Features
View-
About this home
Great Opportunity to own this single-family home oozing with potential. This home was built in 1890 and features 2 bedrooms and 1 bathroom, with plenty of living space. ***SPECIAL NOTES: (1) This is a CASH ONLY transaction. (2) Seller to pay Taxes, HOA, and Municipal/Utility Liens. (3) Please read the Auction disclaimers carefully before placing a bid. *** Buyers check City, County, Zoning, Tax, and other records to their satisfaction. AS-IS SALE property.
Condition Rating
Tear down
Built in 1890, this property is over 130 years old with no indication of major renovations in the past 50 years. The 'CASH ONLY' and 'AS-IS SALE' terms strongly suggest the property is not financeable due to its condition, likely requiring substantial repairs or being unlivable. The description 'oozing with potential' for a 592 sqft home of this age often implies the value is in the land for redevelopment, rather than the existing structure. The single exterior image shows an old, weathered fence, further supporting a state of significant disrepair.
Pros & Cons
Pros
Renovation Potential: Described as 'oozing with potential,' this property is an ideal canvas for investors or buyers seeking a custom renovation project.
Seller Concessions: The seller's commitment to pay taxes, HOA, and municipal/utility liens significantly reduces upfront costs for the buyer.
Historic Charm: Built in 1890, the home possesses unique historic character and architectural details, appealing to those seeking a property with a story.
Generous Lot Size: The 3,750 sqft lot provides ample outdoor space, offering potential for home expansion or the creation of desirable landscaping and amenities.
Single-Family Home Status: As a detached single-family residence, it offers privacy and autonomy, a highly sought-after attribute in the market.
Cons
Cash-Only Transaction: This strict requirement drastically narrows the potential buyer pool, excluding those who rely on mortgage financing.
As-Is Condition & Age: Being sold 'as-is' and built in 1890, the property likely requires substantial investment in repairs, upgrades, and modernization.
Limited Living Space: With only 592 sqft and 1 bedroom/1 bathroom, the home offers very compact living quarters, which may not meet the needs of many prospective buyers.