211 E Lurelane Street, Rialto, California 92376, Rialto, 92376 - 5 bed, 3 bath
ACTIVE$775,000
211 E Lurelane Street, Rialto, California 92376
5Beds
3Baths
2,655Sqft
8,000Lot
Price Vs. Estimate
The estimated value ($282,875.515) is $492,124.485 (63%) lower than the list price ($775,000). This property may be overpriced.
Key pros and cons
Top Pros:
Dual-Unit Configuration: The property features two distinct homes (4-bed/2-bath and an additional 1-bed/1-bath unit) on one lot, offering exceptional flexibility for multi-generational living, guest accommodations, or significant rental income potential.
Top Cons:
Significant Price Discrepancy: The current list price of $775,000 is substantially higher than the provided estimation value of $282,875.515 and appears elevated compared to recent sales of similar multi-unit or larger properties in the area, suggesting potential overpricing.
Compared to the nearby listings
Price:$775.0K vs avg $570.0K (+$205,000)99%
Size:2,655 sqft vs avg 1,485 sqft99%
Price/sqft:$292 vs avg $37114%
More Insights
Built in 1965 (60 years old).
Condition: Despite being built in 1965, the property shows evidence of significant and relatively recent renovations, likely within the last 5-15 years. The kitchen features modern gray shaker cabinets, stainless steel appliances, and updated countertops. Bathrooms have updated vanities and fixtures, though one shower door appears slightly older. Throughout the main living areas and bedrooms, there is modern LVP flooring and recessed lighting. The exterior is well-maintained with fresh paint, artificial turf, and solar panels, indicating recent upgrades. The property appears move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Year Built
1965
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
CV25055028
Home ConditionGood
Features
Pool
Patio
ViewNeighborhood
About this home
INVESTORS!!! Two homes for the price of one. The front home has 4 bedrooms and 2 baths located at the end of a cul-de-sac The front home includes a Primary Bedroom and Bath downstairs. For the price of one home there is an additional 1 Bedroom Home included. Both homes have recessed lighting and also a fireplace in the living room for those cold winter nights. The 4 bedroom home has large walk in closets. There is also a shared swimming pool for the sizzling summer days.
Condition Rating
Good
Despite being built in 1965, the property shows evidence of significant and relatively recent renovations, likely within the last 5-15 years. The kitchen features modern gray shaker cabinets, stainless steel appliances, and updated countertops. Bathrooms have updated vanities and fixtures, though one shower door appears slightly older. Throughout the main living areas and bedrooms, there is modern LVP flooring and recessed lighting. The exterior is well-maintained with fresh paint, artificial turf, and solar panels, indicating recent upgrades. The property appears move-in ready with no immediate renovations required, aligning with a 'Good' condition score.
Pros & Cons
Pros
Dual-Unit Configuration: The property features two distinct homes (4-bed/2-bath and an additional 1-bed/1-bath unit) on one lot, offering exceptional flexibility for multi-generational living, guest accommodations, or significant rental income potential.
Cul-de-sac Location: Situated at the end of a cul-de-sac, providing enhanced privacy, reduced traffic, and a potentially safer environment.
On-Site Swimming Pool: Includes a swimming pool, a highly desirable amenity for recreation and enjoyment, particularly during warm weather, enhancing lifestyle appeal.
Enhanced Interior Features: Both homes are equipped with recessed lighting and fireplaces, contributing to a modern aesthetic and comfortable living spaces.
Functional Main Home Layout: The primary 4-bedroom home features a convenient downstairs primary bedroom and large walk-in closets, catering to comfort and storage needs.
Cons
Significant Price Discrepancy: The current list price of $775,000 is substantially higher than the provided estimation value of $282,875.515 and appears elevated compared to recent sales of similar multi-unit or larger properties in the area, suggesting potential overpricing.
Property Age and Condition: Built in 1965, the property is older and may require substantial investment in updating systems (e.g., HVAC, plumbing, electrical) and aesthetics to meet contemporary standards and buyer expectations.
Potential for High Renovation Costs: Given its age and the 'investors!!!' callout, the property likely requires significant renovation or modernization to maximize its value and appeal, which could entail considerable upfront and ongoing costs.