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1425 W Marcella Court, Ontario, California 91764, Ontario, 91764 - 3 bed, 2 bath

1425 W Marcella Court, Ontario, California 91764 home-pic-0
ACTIVE$640,000
1425 W Marcella Court, Ontario, California 91764
3Beds
2Baths
1,196Sqft
8,100Lot

Price Vs. Estimate

The estimated value ($615,224.905) is $24,775.095 (3%) lower than the list price ($640,000). This property may be overpriced.

Key pros and cons

Top Pros:
Approved Renovation Plans: The property comes with approved plans for a full main house renovation, streamlining the remodeling process.
Top Cons:
Renovation Required: The property requires renovation, which may involve significant time, effort, and financial investment.

Compared to the nearby listings

Price:$640.0K vs avg $669.5K ($-29,500)41%
Size:1,196 sqft vs avg 1,365 sqft27%
Price/sqft:$535 vs avg $48069%

More Insights

Built in 1953 (72 years old).
Condition: The property was built in 1953. The listing mentions approved plans for renovation, suggesting the property needs updates. The kitchen and bathroom photos show outdated styles and features. While the hardwood floors appear to be in decent condition, the peeling paint in the bathroom and the overall dated appearance of the kitchen and bathrooms indicate that the property requires updates but is still functional.
Year Built
1953
Close
-
List price
$640K
Original List price
$665K
Price/Sqft
$535
HOA
-
Days on market
-
Sold On
-
MLS number
25548283
Home ConditionFair
Features
Patio
View-

About this home

1425 W Marcella Court comes with approved plans for a full main house renovation, including window replacements (like-for-like), conversion of an existing bathroom into a master ensuite, legalization of an existing half bath into a full bath, a kitchen remodel, and the addition of a walk-in pantry. The plans have been approved by the City of Ontario-only the permit needs to be pulled. Additionally, plans for a detached ADU and solar installation have been submitted and are currently under city review. Approved main house plans and submitted ADU plans will be uploaded for buyer review. All buyers and agents are advised to verify the current status of permits and construction approvals directly with the City of Ontario. Don't miss this great value-add opportunity!

Condition Rating
Fair
The property was built in 1953. The listing mentions approved plans for renovation, suggesting the property needs updates. The kitchen and bathroom photos show outdated styles and features. While the hardwood floors appear to be in decent condition, the peeling paint in the bathroom and the overall dated appearance of the kitchen and bathrooms indicate that the property requires updates but is still functional.
Pros & Cons

Pros

Approved Renovation Plans: The property comes with approved plans for a full main house renovation, streamlining the remodeling process.
ADU Potential: Plans for a detached ADU have been submitted, offering potential for additional income or living space.
Value-Add Opportunity: The property presents a significant value-add opportunity through renovation and expansion.
Large Lot Size: The 8,100 sqft lot provides ample space for outdoor activities and potential landscaping enhancements.
Solar Installation Plans: Submitted plans for solar installation can lead to energy savings and increased property value.

Cons

Renovation Required: The property requires renovation, which may involve significant time, effort, and financial investment.
Permit Status Verification: Buyers need to independently verify the current status of permits and construction approvals with the City of Ontario, adding a layer of due diligence.
Age of Property: Built in 1953, the property may have outdated systems and require updates to meet modern standards.

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