265 S Lamarr Street, Rialto, California 92376, Rialto, 92376 - 4 bed, 2 bath
ACTIVE$555,888
265 S Lamarr Street, Rialto, California 92376
4Beds
2Baths
1,248Sqft
7,575Lot
Price Vs. Estimate
The estimated value ($472,074.795) is $83,813.205 (15%) lower than the list price ($555,888). 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 = 7575, living area = 1248.
Top Cons:
Fixer-Upper Condition: Explicitly described as a 'fixer,' indicating the property requires substantial renovations and updates, which will incur significant additional costs and effort for the buyer.
Compared to the nearby listings
Price:$555.9K vs avg $565.0K ($-9,112)47%
Size:1,248 sqft vs avg 1,485 sqft32%
Price/sqft:$445 vs avg $37173%
More Insights
Built in 1971 (54 years old).
Condition: The property, built in 1971, is explicitly marketed as a 'fixer' and requires substantial rehabilitation. The kitchen is in very poor condition with original, dated cabinets, no visible appliances, and signs of significant wear, necessitating a complete overhaul. While one bathroom has received minor updates (new vanity, flooring), and a bedroom has updated flooring, these are piecemeal improvements and do not constitute a comprehensive renovation. The overall age and the 'fixer' status, particularly the kitchen's condition, align with the 'poor' classification, indicating a need for major repairs and updates to meet current living standards.
Year Built
1971
Close
-
List price
$556K
Original List price
$556K
Price/Sqft
$445
HOA
-
Days on market
-
Sold On
-
MLS number
IV25257343
Home ConditionPoor
Features
ViewNeighborhood
About this home
BEAUTIFUL 4 BEDROOM 2 BATH RIALTO HOME! F I X E R! GREAT STARTER HOME FOR FIRST-TIME BUYERS! NICE SIZE KITCHEN! A D U OR POOL SIZE BACKYARD,WITH A SLAB FOR POTENTIAL PATIO TO BE BUILT PERFECT FOR ENTERTAINING! R V POTENTIAL PARKING!! MINUTES AWAY FROM SCHOOLS AND SHOPPING! SELLER IS VERY MOTIVATED AND ENTERTAINING ALL REASONABLE OFFERS. WONT LAST! SIMPLY WAY TOO MANY GREAT FEATURES TO MENTION! SELLER WILL BE DOING A FEW MINOR IMPROVEMENTS.
Condition Rating
Poor
The property, built in 1971, is explicitly marketed as a 'fixer' and requires substantial rehabilitation. The kitchen is in very poor condition with original, dated cabinets, no visible appliances, and signs of significant wear, necessitating a complete overhaul. While one bathroom has received minor updates (new vanity, flooring), and a bedroom has updated flooring, these are piecemeal improvements and do not constitute a comprehensive renovation. The overall age and the 'fixer' status, particularly the kitchen's condition, align with the 'poor' classification, indicating a need for major repairs and updates to meet current living 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 = 7575, living area = 1248.
ADU/Pool Potential: The property boasts a backyard suitable for an Accessory Dwelling Unit (ADU) or a pool, complete with a slab for a potential patio, offering significant value-add opportunities for future development or enhanced entertainment space.
RV Parking Potential: The property offers potential for RV parking, a desirable feature for owners of recreational vehicles, adding practical utility and appeal.
Convenient Location: Strategically located minutes away from schools and shopping, providing convenience and accessibility for daily necessities and family needs.
Motivated Seller: The seller is highly motivated and open to entertaining all reasonable offers, which could present a favorable negotiation opportunity for potential buyers.
Starter Home Appeal: Positioned as a great starter home, it targets first-time buyers looking for an entry into homeownership, potentially attracting a broad market segment.
Cons
Fixer-Upper Condition: Explicitly described as a 'fixer,' indicating the property requires substantial renovations and updates, which will incur significant additional costs and effort for the buyer.
Overpriced Relative to Estimation: The listing price of $555,888 is considerably higher than the estimated property value of $456,059.74, suggesting it may be overpriced given its 'fixer' status.
Age of Property: Built in 1971, the property is over 50 years old, implying potential for outdated systems, finishes, and deferred maintenance, especially in its current 'fixer' condition.