16445 Arrow Boulevard, Fontana, California 92335, Fontana, 92335 - 2 bed, 1 bath
ACTIVE$500,000
16445 Arrow Boulevard, Fontana, California 92335
2Beds
1Bath
896Sqft
9,295Lot
Price Vs. Estimate
The estimated value ($309,157.07) is $190,842.93 (38%) lower than the list price ($500,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 9295, living area = 896.
Top Cons:
Significant Overpricing: The current list price of $500,000 is substantially higher than the estimated market value of $309,157.07, indicating a significant overvaluation (-38% estimation ratio).
Compared to the nearby listings
Price:$500.0K vs avg $557.5K ($-57,500)29%
Size:896 sqft vs avg 1,285 sqft12%
Price/sqft:$558 vs avg $43490%
More Insights
Built in 1954 (71 years old).
Condition: The property was built in 1954, making it 70 years old. The single exterior image reveals significant deferred maintenance, including faded and possibly damaged stucco, old-style windows, a worn front door and steps, and an unkempt yard. There are no interior images or descriptions of any recent renovations, especially for the kitchen and bathroom. The property analysis explicitly notes 'Older Property Age' implying 'outdated systems, potential for deferred maintenance, and lower energy efficiency, possibly requiring significant renovation or upgrades.' This aligns with the 'poor' condition criteria, indicating the property requires substantial repairs and rehabilitation to be comfortable or safe for modern living.
Year Built
1954
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$558
HOA
-
Days on market
-
Sold On
-
MLS number
IG25032764
Home ConditionPoor
Features
Good View: City Lights
ViewCity Lights
About this home
Single-family Residence in a Commercial Zone. Close to the 10 fwy. Public Transportation, Schools, Shopping and Restaurants
Condition Rating
Poor
The property was built in 1954, making it 70 years old. The single exterior image reveals significant deferred maintenance, including faded and possibly damaged stucco, old-style windows, a worn front door and steps, and an unkempt yard. There are no interior images or descriptions of any recent renovations, especially for the kitchen and bathroom. The property analysis explicitly notes 'Older Property Age' implying 'outdated systems, potential for deferred maintenance, and lower energy efficiency, possibly requiring significant renovation or upgrades.' This aligns with the 'poor' condition criteria, indicating the property requires substantial repairs and rehabilitation to be comfortable or safe for modern living.
Pros & Cons
Pros
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 = 9295, living area = 896.
Commercial Zone Designation: The property is a single-family residence located within a commercial zone, offering unique flexibility for potential business use, mixed-use development, or future commercial appreciation.
Strategic Location & Accessibility: Its proximity to the 10 Freeway, public transportation, schools, shopping, and restaurants provides excellent convenience and connectivity.
Generous Lot Size: A substantial lot size of 9295 sqft offers ample space for potential expansion, landscaping, an Accessory Dwelling Unit (ADU), or parking.
Desirable City Lights View: The property boasts a desirable 'City Lights' view, adding an attractive aesthetic and lifestyle appeal.
Development/Investment Potential: The combination of commercial zoning and a large lot size presents significant long-term development or investment opportunities.
Cons
Significant Overpricing: The current list price of $500,000 is substantially higher than the estimated market value of $309,157.07, indicating a significant overvaluation (-38% estimation ratio).
Small Living Area: With only 896 sqft, the interior living space is relatively small for a single-family residence, potentially limiting comfort and functionality for many buyers.
Older Property Age: Built in 1954, the property is older, which may imply outdated systems, potential for deferred maintenance, and lower energy efficiency, possibly requiring significant renovation or upgrades.