12238 Michigan Street, Grand Terrace, California 92313, Grand Terrace, 92313 - 2 bed, 1 bath
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12238 Michigan Street
Grand Terrace, California 92313
ACTIVE
CONDITION: GOOD
2Beds
1Baths
934Sq Ft
8,000Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$470,576
4% BelowMARKET VALUE
SUMMARY
This well-maintained single-family residence is a Strong Value Opportunity, listed at $450,000—positioned well below the $470,577 Fair Market Value by 4%. This valuation gap offers $20,577 in Instant Equity. Featuring a Condition Rating of 3, the home includes a renovated kitchen with granite countertops and laminate flooring. The expansive 8,000-square-foot lot provides significant expansion potential. This property is an ideal acquisition for first-time buyers or investors seeking a move-in ready asset in the Colton Unified district.
Estimated Market Value
$470,576+$20,576 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Grand Terrace.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12238 Michigan Street Subject 2 bd · 1 ba · 934 sqft · $504 | $450,000* List Price | 2 | 1 | 934 | $504 | - |
A 22236 Victoria Street Sold 3 bd · 2 ba · 1,274 sqft · $455 · 0.5 mi | $580,000 | 3 | 2 | 1,274 | $455 | 0.5 mi |
B 22196 Emerald Street Sold 3 bd · 2 ba · 1,130 sqft · $487 · 0.5 mi | $550,000 | 3 | 2 | 1,130 | $487 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1959, the property has undergone significant interior updates including a renovated kitchen with granite countertops, newer cabinetry, and updated laminate flooring. The presence of ceiling vents suggests updated HVAC, and the overall interior is well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 8000, living area = 934.
- Modern Interior Upgrades
The home features contemporary laminate flooring, granite countertops, and newer cabinetry, providing a move-in-ready environment that appeals to modern aesthetic preferences.
- Significant Expansion Potential
Situated on a generous 8,000-square-foot lot, the property offers ample space for outdoor living, gardening, or the potential construction of an Accessory Dwelling Unit (ADU).
CONSRISKS & DEFICIENCIES
- Limited Living Area
With only 934 square feet of living space and a single bathroom, the home's compact footprint may be a drawback for growing families or those requiring more interior volume.
- Aging Infrastructure
Built in 1959, the property may require future capital expenditures for aging systems or structural maintenance typical of homes from this era, despite cosmetic updates.
About 12238 Michigan Street
First time buyer programs available. Welcome to this well-maintained 2-bedroom, 1-bath home with a versatile bonus room located in the desirable city of Grand Terrace. Interior highlights include laminate flooring, granite countertops, and newer cabinetry, providing both comfort and functionality. The property also features a spacious backyard, ideal for entertaining, gardening, or future expansion. Conveniently situated near schools, shopping, dining, and easy freeway access, this home combines charm with convenience and is ready for its next owner.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 8,000 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.8 |
| Baths | 1.0 | 2.5 |
| Square foot | 934 | 1,724.182 |
| Lot Size | 8,000 | 8,913.455 |
| Price | $450.0K | $623.7K |
| Price per sq ft | $482 | $343 |
| Built year | 1959 | 1979 |
| HOA | $0 | $266 |
| Days on market | 13 | 58 |
Pricing History
Listed for Sale
Oct 11, 2026
$450,000
Initial Listing
Sold
Jan 9, 2018
$261,000
Public Record
Sold
Jul 19, 2017
$210,000
Public Record
Sold
Sep 26, 1996
$65,000
Public Record