242 E M, Colton, California 92324, Colton, 92324 - 4 bed, 2 bath
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242 E M
Colton, California 92324
ACTIVE UNDER CONTRACT
CONDITION: GOOD
4Beds
2Baths
1,190Sq Ft
7,500Lot Size
Property Price
LIST PRICE$489,000
EST. MARKET VALUE
$503,448
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $489,000—positioned well below the $503,448 Fair Market Value by 2%. This valuation gap offers $14,448 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home includes upgraded electrical and a modern kitchen, though the exterior requires TLC. The expansive 7,500 sq ft lot provides significant upside for ADU development. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Estimated Market Value
$503,448
Based on Realkey algorithm analyzing recent comparable sales in Colton.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 242 E M Subject | $489,000* List Price | 4 | 2 | 1,190 | $423 | - |
A 410 S Rancho Sold | $435,000 | 2 | 1 | 816 | $533 | 0.6 mi |
B 845 E H Sold | $430,000 | 2 | 1 | 858 | $501 | 0.7 mi |
C 340 W Congress Pending | $555,000 List Price | 3 | 2 | 1,060 | $524 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1928, the property features a recently renovated bathroom with modern finishes and an updated galley kitchen. The electrical system has been upgraded, and while the exterior requires some TLC, the primary interior living areas and systems appear well-maintained and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7500, living area = 1190.
- Expansive Lot & Outdoor Space
The generous 7,500 sq ft lot features abundant fruit trees and a separate storage structure, offering significant potential for landscaping, gardening, or future ADU development.
- Key Infrastructure Upgrades
The property includes a modernized galley kitchen and upgraded electrical systems, reducing the immediate capital expenditure typically required for a home of this vintage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
- Deferred Maintenance
The exterior and portions of the interior require TLC, meaning buyers should anticipate additional costs for cosmetic repairs and structural preservation to bring the home to its full potential.
- Compact Floor Plan
With four bedrooms configured within 1,190 square feet, the individual living spaces and bedrooms are likely undersized, which may feel constrained for some buyers.
About 242 E M
Four bed / two bath single family home with updated galley kitchen. Huge 7500 sq ft lot with abundant fruit trees. Upgraded electrical. Separate storage structure on site. Numerous fruit trees in yard. Let you imagination run wild with the possibilities on such a large lot. Exterior and some portions of the interior could use a little TLC, but great opportunity that won't last long at this price for the bed / bath count and lot square footage.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1928
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 2.0 | 2.3 |
| Square foot | 1,190 | 1,390.308 |
| Lot Size | 7,500 | 7,463.462 |
| Price | $489.0K | $529.5K |
| Price per sq ft | $411 | $371 |
| Built year | 1928 | 1977 |
| HOA | $0 | $141 |
| Days on market | 20 | 62 |
Pricing History
Listed for Sale
Aug 20, 2026
$489,000
Initial Listing
Sold
Mar 5, 2019
$161,000
Public Record
Sold
Jun 18, 2010
$68,000
Public Record