16823 Fontlee Lane, Fontana, California 92335, Fontana, 92335 - 2 bed, 1 bath
ACTIVE$449,999$844/sqft
Est. Value: $416,002
-7%
AboveEstimate
16823 Fontlee Lane, Fontana, California 92335
2Beds
1Bath
844Sqft
7,670Lot
Price Vs. Estimate
The estimated value ($416,001.62) is $33,997.38 (7%) lower than the list price ($449,999). 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 = 7670, living area = 844.
Top Cons:
Unpermitted Living Area: The property includes an unpermitted 1-bedroom, 1-bath living area, which poses potential legal and financial risks, including fines, required demolition, or costly permitting processes.
Compared to the nearby listings
Price:$450.0K vs avg $560.0K ($-110,001)15%
Size:844 sqft vs avg 1,290 sqft8%
Price/sqft:$533 vs avg $43486%
More Insights
Built in 1948 (78 years old).
Condition: Built in 1948, this property is explicitly noted for 'Older Construction & Potential System Updates' (plumbing, electrical, HVAC), indicating major components likely require significant repair or replacement. While a 'BRAND NEW ROOF' is a positive, the lack of interior photos and the 'endless potential' description suggest the interior, including kitchen and bathroom, is in very dated or poor condition, requiring substantial rehabilitation. The exterior also appears aged and un-updated.
Year Built
1948
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$533
HOA
-
Days on market
-
Sold On
-
MLS number
CV26001069
Home ConditionPoor
Features
Patio
ViewNeighborhood
About this home
Opportunity meets location at this centrally located Fontana property. Priced to sell with endless potential and situated in the heart of the city, this home features a 2-bedroom, 1-bath main residence enhanced by a BRAND NEW ROOF, offering long-term value and peace of mind. The expansive lot provides abundant space for outdoor living, future expansion, or ADU potential. Adding to the property’s versatility is an unpermitted 1-bedroom, 1-bath living area, offering flexibility for extended family, guests, or supplemental use. Conveniently close to shopping, dining, schools, and major freeways, this property is ideal for buyers seeking space, location, and upside potential. A rare opportunity to own a property with strong appeal in one of Fontana’s most accessible neighborhood, this one won’t last.
A
Andrissa Noriega
Listing Agent
Price History
Date
Event
Price
12/29/22
Sold
$385,000
Condition Rating
Poor
Built in 1948, this property is explicitly noted for 'Older Construction & Potential System Updates' (plumbing, electrical, HVAC), indicating major components likely require significant repair or replacement. While a 'BRAND NEW ROOF' is a positive, the lack of interior photos and the 'endless potential' description suggest the interior, including kitchen and bathroom, is in very dated or poor condition, requiring substantial rehabilitation. The exterior also appears aged and un-updated.
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 = 7670, living area = 844.
Prime Central Location: Strategically located in the heart of Fontana, offering convenient access to shopping, dining, schools, and major freeways, enhancing daily convenience and property appeal.
Expansive Lot with ADU Potential: The generous 7,670 sqft lot provides ample space for outdoor living, future expansion, or the addition of an Accessory Dwelling Unit (ADU), significantly enhancing long-term value and versatility.
Brand New Roof: A significant recent upgrade that ensures long-term durability, reduces immediate maintenance concerns, and offers peace of mind to the buyer regarding a major structural component.
Significant Investment & Value-Add Opportunity: Marketed as 'priced to sell with endless potential' and offering clear 'upside potential,' making it an attractive prospect for buyers looking to customize, renovate, and increase equity.
Strong Neighborhood Appeal: Situated in one of Fontana's most accessible neighborhoods, contributing to its 'strong appeal' and desirability within the local market, attracting a broad range of potential buyers.
Cons
Unpermitted Living Area: The property includes an unpermitted 1-bedroom, 1-bath living area, which poses potential legal and financial risks, including fines, required demolition, or costly permitting processes.
Older Construction & Potential System Updates: Built in 1948, the main residence may have original or outdated systems (e.g., plumbing, electrical, HVAC) that could require significant future investment for modernization and efficiency.
Smaller Main Residence Square Footage: With only 844 sqft for the main residence, the living space is relatively compact, which may limit its appeal for larger families or those desiring more expansive interior living areas.