132 N Monterey Avenue, Ontario, California 91764, Ontario, 91764 - 3 bed, 1 bath
ACTIVE$600,000
132 N Monterey Avenue, Ontario, California 91764
3Beds
1Bath
1,026Sqft
6,432Lot
Price Vs. Estimate
The estimated value ($390,235.285) is $209,764.715 (34%) lower than the list price ($600,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Location: Situated in a quiet, established neighborhood with convenient access to schools, shopping, freeways, and parks, enhancing desirability and future appreciation.
Top Cons:
Significant Overpricing: The listing price of $600,000 is substantially higher (34% above) the estimated property value of $390,235, suggesting it may be overpriced for the current market.
Compared to the nearby listings
Price:$600.0K vs avg $669.5K ($-69,500)17%
Size:1,026 sqft vs avg 1,365 sqft13%
Price/sqft:$585 vs avg $48082%
More Insights
Built in 1914 (111 years old).
Condition: Built in 1914, this property requires substantial repairs and rehabilitation to meet modern living standards. The kitchen features older white appliances and basic, dated cabinetry, necessitating a full renovation. The single bathroom is functional but very basic, with an outdated vanity light fixture and simple finishes. While the description mentions 'great bones,' implying structural soundness, the age of the home suggests that major systems like electrical, plumbing, and HVAC likely require extensive upgrades or replacement. Flooring consists of older-style ceramic tile and some laminate, and light fixtures are generally dated. The property is livable but is far from move-in ready and demands significant investment for modernization.
Year Built
1914
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$585
HOA
-
Days on market
-
Sold On
-
MLS number
OC25099302
Home ConditionPoor
Features
Patio
View-
About this home
Unlock the potential of this 3-bedroom, 1-bath single-family home located in a quiet, established neighborhood of Ontario. With great bones and a spacious lot, this home is a perfect opportunity for investors, or first-time buyers looking to create their dream space. The property features a traditional floor plan with ample natural light, a generously sized backyard ideal for entertaining or expansion, and a detached garage with additional storage. Conveniently located near schools, shopping, freeways, and parks—this is a chance to invest in a growing area with strong community charm.
Condition Rating
Poor
Built in 1914, this property requires substantial repairs and rehabilitation to meet modern living standards. The kitchen features older white appliances and basic, dated cabinetry, necessitating a full renovation. The single bathroom is functional but very basic, with an outdated vanity light fixture and simple finishes. While the description mentions 'great bones,' implying structural soundness, the age of the home suggests that major systems like electrical, plumbing, and HVAC likely require extensive upgrades or replacement. Flooring consists of older-style ceramic tile and some laminate, and light fixtures are generally dated. The property is livable but is far from move-in ready and demands significant investment for modernization.
Pros & Cons
Pros
Prime Location: Situated in a quiet, established neighborhood with convenient access to schools, shopping, freeways, and parks, enhancing desirability and future appreciation.
Development Potential: A generously sized 6,432 sqft lot and backyard offer ample space for outdoor activities, landscaping, or potential future expansion.
Structural Integrity: Described as having 'great bones,' indicating a solid foundation and good structural condition, ideal for renovation and customization.
Detached Garage: The property includes a detached garage with additional storage, providing valuable off-street parking and utility.
Investment Opportunity: Positioned as a perfect opportunity for investors or first-time buyers to create their dream space and add value in a growing area with strong community charm.
Cons
Significant Overpricing: The listing price of $600,000 is substantially higher (34% above) the estimated property value of $390,235, suggesting it may be overpriced for the current market.
Age and Condition: Built in 1914, the property likely requires extensive updates to plumbing, electrical, and HVAC systems, as well as general modernization, to meet contemporary standards.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may present functional challenges and inconvenience for families or multiple occupants.