
Grand Terrace, California 92313
This Townhouse Asset represents a Strong Value Opportunity, listed at $425,000—positioned well below the $421,955 Fair Market Value (Note: Property is priced at market stability). Featuring a Granite Kitchen and a versatile floor plan with a rare downstairs bedroom, the unit maintains a Condition Rating of 4. While the interior requires cosmetic updates, the seller’s flooring allowance mitigates immediate renovation costs. Located in the Colton Unified district, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a customizable home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12168 Mount Vernon 47 Subject 3 bd · 3 ba · 1,427 sqft · $296 | $425,000* List Price | 3 | 3 | 1,427 | $296 | - |
A 12168 Mount Vernon 90 Sold 3 bd · 3 ba · 1,427 sqft · $294 · 0.1 mi | $420,000 | 3 | 3 | 1,427 | $294 | 0.1 mi |
B 12168 Mount Vernon Active 3 bd · 3 ba · 1,427 sqft · $298 · 0.1 mi | $425,000 List Price | 3 | 3 | 1,427 | $298 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982 (42 years old), the property is significantly dated, featuring original oak cabinetry and worn red carpeting that the seller acknowledges needs replacement via a flooring allowance. While the kitchen has a partial update with granite counters (likely 15-20 years old), the overall interior requires cosmetic updates and minor repairs to be considered move-in ready by modern standards.
The layout includes a rare downstairs bedroom and full bathroom, offering excellent flexibility for guests, multi-generational living, or a home office.
The kitchen features updated granite countertops and a marble entryway, providing a sophisticated and durable finish that enhances the home's aesthetic appeal.
The seller is offering a flooring allowance at the close of escrow, allowing the buyer to customize the interior to their preference while reducing immediate out-of-pocket renovation costs.
The monthly HOA fee of $450 is relatively high for the area, which may impact the overall monthly affordability and debt-to-income ratio for potential buyers.
The necessity of a flooring allowance indicates that the current flooring is likely dated or worn, requiring the new owner to manage a renovation project immediately upon move-in.
Come check out this large 3 bed, 3 bath unit located in the highly desirable Cape Terrace Townhomes. Step inside to a marble entryway and a kitchen which has been updated with granite counters. There is one bedroom and bathroom located downstairs. The primary bedroom and ensuite bath are located upstairs. The seller is willing to offer a flooring allowance for brand new flooring at close of escrow. Come check it out, this will not last!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,427 | 1,427 |
| Lot Size | 1,427 | 1,428 |
| Price | $425.0K | $420.0K |
| Price per sq ft | $298 | $294 |
| Built year | 1982 | 1982 |
| HOA | $450.0 | $450 |
| Days on market | 20 | 89 |
Oct 4, 2026
$425,000
Initial Listing
Feb 10, 2005
$262,000
Public Record
Feb 19, 1999
$103,000
Public Record