1736 Pennsylvania Avenue, Colton, California 92324, Colton, 92324 - 3 bed, 2 bath
ACTIVE$415,000
1736 Pennsylvania Avenue, Colton, California 92324
3Beds
2Baths
1,205Sqft
9,000Lot
Price Vs. Estimate
The estimated value ($272,005.355) is $142,994.645 (34%) lower than the list price ($415,000). 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 = 9000, living area = 1205.
Top Cons:
Extensive Renovation Required: The property is explicitly a 'MAJOR Fixer-Upper' and sold 'AS-IS,' indicating substantial and costly repairs and renovations are necessary across all systems and aesthetics.
Compared to the nearby listings
Price:$415.0K vs avg $511.5K ($-96,500)16%
Size:1,205 sqft vs avg 1,344 sqft35%
Price/sqft:$344 vs avg $36240%
More Insights
Built in 1963 (62 years old).
Condition: Built in 1963, this property is explicitly marketed as a 'CASH ONLY' and 'MAJOR Fixer-Upper' that 'will not qualify for financing,' indicating severe structural and systemic deficiencies. The images confirm extreme disrepair: the kitchen features original, heavily worn, and unsanitary 1960s appliances and cabinetry. Bathrooms are equally dilapidated with original, stained, and unsanitary fixtures and tiles. Flooring is damaged throughout, walls are bare or covered in outdated paneling, and the exterior shows significant neglect. The property is unlivable in its current condition, and its value is primarily in the land, aligning with the 'tear-down' criteria.
Year Built
1963
Close
-
List price
$415K
Original List price
$415K
Price/Sqft
$344
HOA
-
Days on market
-
Sold On
-
MLS number
IG25218245
Home ConditionTear down
Features
Patio
View-
About this home
This is a *** "CASH ONLY" MAJOR Fixer-Upper! *** Investors Only. Due to its current condition, this property will not qualify for financing. Home is being sold "AS-IS". Corner location, good lot size. Buyers to investigate and perform due diligence and satisfy themselves with all aspects of the property.
Condition Rating
Tear down
Built in 1963, this property is explicitly marketed as a 'CASH ONLY' and 'MAJOR Fixer-Upper' that 'will not qualify for financing,' indicating severe structural and systemic deficiencies. The images confirm extreme disrepair: the kitchen features original, heavily worn, and unsanitary 1960s appliances and cabinetry. Bathrooms are equally dilapidated with original, stained, and unsanitary fixtures and tiles. Flooring is damaged throughout, walls are bare or covered in outdated paneling, and the exterior shows significant neglect. The property is unlivable in its current condition, and its value is primarily in the land, aligning with the 'tear-down' criteria.
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 = 9000, living area = 1205.
Corner Lot Location: The property benefits from a corner location, which often provides more privacy, natural light, and potentially greater curb appeal.
Generous Lot Size: With a 9,000 sqft lot, there is ample outdoor space for potential expansion, landscaping, or recreational use.
High Potential for Value Add: Marketed as a 'MAJOR Fixer-Upper,' this property offers significant upside for experienced investors to renovate and increase its market value substantially.
Investor-Specific Opportunity: Clearly positioned for investors, this property presents a direct opportunity for those seeking a project with a clear path to equity gain.
Established Neighborhood: Built in 1963, the property is located in an older, likely established area of Colton, which can appeal to buyers seeking mature communities.
Cons
Extensive Renovation Required: The property is explicitly a 'MAJOR Fixer-Upper' and sold 'AS-IS,' indicating substantial and costly repairs and renovations are necessary across all systems and aesthetics.
Cash-Only Transaction: The inability to qualify for traditional financing severely limits the potential buyer pool exclusively to cash investors, potentially prolonging market time and affecting the final sale price.
Age and System Obsolescence: Built in 1963, the property is over 60 years old, suggesting that major systems (plumbing, electrical, HVAC, roof) are likely original or outdated and will require complete replacement.