12168 Mount Vernon Ave 7, Grand Terrace, California 92313, Grand Terrace, 92313 - 3 bed, 2 bath
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Grand Terrace, California 92313
This Value-Add Condominium Asset is a rare end-unit listed at $470,000, positioned above the $400,219 Fair Market Value by 17%. Marketed as a blank canvas with a Condition Rating of 4, the interior requires a full cosmetic renovation to reach its peak valuation. The property’s utility is anchored by its Versatile 3-Suite Layout, Private Backyard, and Private Patio, providing unique flexibility within the gated Cape Terrace community. Served by the Colton Unified School District, this property is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to force appreciation through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12168 Mount Vernon Ave 7 Subject | $470,000* List Price | 3 | 2 | 1,165 | $344 | - |
A 12420 Mount Vernon Avenue 4b Sold | $349,000 | 2 | 2 | 1,088 | $321 | 0.2 mi |
B 12420 Mount Vernon Avenue 1a Sold | $365,000 | 3 | 2 | 1,085 | $336 | 0.3 mi |
C 22745 Palm Avenue H Sold | $375,000 | 3 | 2 | 1,169 | $321 | 0.4 mi |
D 22745 Palm Avenue B Sold | $387,000 | 3 | 2 | 1,169 | $331 | 0.4 mi |
E 12420 Mount Vernon 4d Sold | $365,000 | 3 | 2 | 1,152 | $317 | 0.2 mi |
F 12420 Mount Vernon Active Under Contract | $365,000 List Price | 3 | 2 | 1,152 | $317 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this 40+ year old property is described as a 'blank canvas,' indicating it is dated. While it features some cosmetic updates like newer laminate flooring and stainless steel appliances, the presence of popcorn ceilings and original cabinetry layouts suggest it needs further modernization to meet current standards.
This rare end-unit features three private suites each with its own en suite bath, including a highly sought-after ground-floor bedroom that offers maximum flexibility for guests or multi-generational living.
Unlike many standard townhomes, this property boasts a larger private backyard and a cozy patio, providing significant outdoor space for relaxation and entertaining.
Situated within the gated Cape Terrace complex, residents benefit from added security and premium amenities including a pool, spas, and a clubhouse, all while being conveniently located near major freeways.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1165, other record living area = 1355.
Marketed as a 'blank canvas,' the interior likely requires a full cosmetic renovation to modernize the space and appeal to contemporary buyer tastes.
With 1,165 square feet distributed across three bedrooms and three bathrooms, the individual room sizes and common living areas may feel somewhat constrained.
ABSOLUTELY IRRESISTIBLE! Welcome to this rare end-unit gem in the gated Cape Terrace Townhomes of Grand Terrace. This 3-bedroom, 3-bath, two-story home features a unique layout with all bedrooms as private suites with en suite baths, plus a flexible floor plan with one bedroom downstairs. Enjoy a larger private backyard, cozy patio, and a blank canvas interior ready for your personal touch. Complete with a 2-car attached garage and access to community amenities including a pool, spas, and clubhouse—all conveniently located near freeways, shopping, and dining. A must-see opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,165 | 1,158.5 | 50% |
| Lot Size | 1,355 | 1,160.5 | 75% |
| Price | $470.0K | $372.5K | 88% |
| Price per sq ft | $403 | $321 | 88% |
| Built year | 1982 | 1982 | 50% |
| HOA | $400.0 | $400 | 50% |
| Days on market | 32 | 192 | 13% |
May 8, 2026
$470,000
$47,000
+900% Price Increase
Initial Listing
May 5, 2026
$47,000
Initial Listing
Jun 22, 2022
$428,500
Public Record
Sep 28, 2012
$123,500
Public Record
May 4, 2005
$270,000
Public Record
Dec 9, 2002
$154,000
Public Record