242 E M, Colton, California 92324, Colton, 92324 - 2 bed, 1 bath
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Colton, California 92324
This Updated Vintage Residence is a Strong Value Opportunity, listed at $489,000—positioned well below the $517,205 Fair Market Value by 5%. This valuation gap provides $28,205 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the property features a modernized galley kitchen and upgraded electrical, balanced by a massive 7,500 sq ft lot with mountain views and ADU potential. Located in the Colton Unified district, it is a strategic choice for Owner-Occupants or first-time buyers seeking a move-in ready interior with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 242 E M Subject | $489,000* List Price | 2 | 1 | 1,190 | $435 | - |
A 392 W L Sold | $485,000 | 3 | 2 | 1,248 | $389 | 0.4 mi |
B 207 207 E O Street Sold | $495,000 | 3 | 2 | 940 | $527 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features a recently renovated interior with a modern galley kitchen including shaker cabinets, stone countertops, and stainless steel appliances. The bathrooms have been updated with contemporary hexagonal floor tiles and subway tile showers. Although the 1928 exterior and some interior areas require minor cosmetic TLC, the home is move-in ready with significant upgrades to the electrical system, flooring, and fixtures.
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.
The property sits on a generous 7,500 sq ft lot featuring mature fruit trees and a separate storage structure, offering rare space and privacy for the area.
The home includes a modernized galley kitchen and upgraded electrical systems, addressing two of the most critical and expensive components of a home renovation.
The exterior and several interior sections require 'TLC,' suggesting immediate sweat equity or additional capital investment is needed to restore the home's aesthetic appeal.
Originally built in 1928, the property may present typical age-related challenges that require ongoing maintenance and further modernization beyond the electrical system.
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. Let your imagination run wild with the possibilities on such a a large lot. Exterior and some portions of the interior need a little TLC, but great opportunity here.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 20% |
| Baths | 1.0 | 2.0 | 21% |
| Square foot | 1,190 | 1,335 | 39% |
| Lot Size | 7,500 | 7,207.5 | 53% |
| Price | $489.0K | $505.0K | 42% |
| Price per sq ft | $411 | $389 | 59% |
| Built year | 1928 | 1981 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 185 | 5% |
Feb 19, 2026
$489,000
Initial Listing
Mar 5, 2019
$161,000
Public Record
Jun 18, 2010
$68,000
Public Record