203 E Grevillea Street, Ontario, California 91761, Ontario, 91761 - 4 bed, 1 bath
ACTIVE$809,000
203 E Grevillea Street, Ontario, California 91761
4Beds
1Bath
1,734Sqft
10,620Lot
Price Vs. Estimate
The estimated value ($439,379.97) is $369,620.03 (45%) lower than the list price ($809,000). 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 = 10620, living area = 1734.
Top Cons:
Significant Overpricing: The listing price of $809,000 is considerably higher than the estimated property value of $439,379.97, suggesting a potential overvaluation that may deter buyers and prolong market time.
Compared to the nearby listings
Price:$809.0K vs avg $760.0K (+$49,050)68%
Size:1,734 sqft vs avg 1,889 sqft45%
Price/sqft:$467 vs avg $39972%
More Insights
Built in 1948 (77 years old).
Condition: Built in 1948, the property shows signs of being well-maintained but features dated interior finishes. The kitchen has light wood cabinets, granite-like countertops, and large diagonal tile flooring, along with a somewhat DIY-looking red and wood island, suggesting renovations that are likely 15-30 years old. Appliances are functional but not modern high-end. The bathroom also appears clean and functional but with a traditional vanity and tile that are not contemporary. While livable, the property requires minor updates to meet current aesthetic and quality standards.
Year Built
1948
Close
-
List price
$809K
Original List price
$809K
Price/Sqft
$467
HOA
-
Days on market
-
Sold On
-
MLS number
TR25063339
Home ConditionFair
Features
View-
About this home
Very beautiful home with a house in the back, you can live in one and rent the other one, main house has 3 bedrooms and 2 bathrooms with 2 attached car garage, the guest house has 1 bed 1 bath, the next door units 211 are also for sale this could be a great opportunity to have 4 houses for a big Family or great income from all off them
Condition Rating
Fair
Built in 1948, the property shows signs of being well-maintained but features dated interior finishes. The kitchen has light wood cabinets, granite-like countertops, and large diagonal tile flooring, along with a somewhat DIY-looking red and wood island, suggesting renovations that are likely 15-30 years old. Appliances are functional but not modern high-end. The bathroom also appears clean and functional but with a traditional vanity and tile that are not contemporary. While livable, the property requires minor updates to meet current aesthetic and quality standards.
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 = 10620, living area = 1734.
Dual Living / Income Potential: The property features a main house (3 beds, 2 baths) and a separate guest house (1 bed, 1 bath), offering excellent flexibility for rental income, multi-generational living, or dedicated workspace.
Investment Opportunity: The availability of adjacent units (211 E Grevillea Street) for sale presents a unique opportunity to acquire multiple properties, ideal for a large family compound or a significant rental portfolio.
Generous Lot Size: With a substantial lot size of 10,620 sqft, the property offers ample outdoor space, potential for landscaping, and enhanced privacy.
Attached Garage: The main house includes a practical 2-car attached garage, providing convenient parking and additional storage space.
Versatile Property Use: The combined living arrangements of two separate dwellings cater to a broad market, appealing to investors, large families, or those seeking a live-work setup.
Cons
Significant Overpricing: The listing price of $809,000 is considerably higher than the estimated property value of $439,379.97, suggesting a potential overvaluation that may deter buyers and prolong market time.
Age of Property: Built in 1948, the property is older than many comparable homes in the area, which could imply a need for updates to systems, infrastructure, or aesthetics to meet modern buyer expectations.
Bathroom Count Discrepancy: The overall property details list only 1 bathroom for 4 bedrooms, which contradicts the description of 2 bathrooms in the main house and 1 in the guest house. This inconsistency requires clarification and could be a significant drawback if the total bathroom count is indeed only one.