527 W Philadelphia Street, Ontario, California 91762, Ontario, 91762 - 2 bed, 2 bath
ACTIVE$2,300,000
527 W Philadelphia Street, Ontario, California 91762
2Beds
2Baths
1,575Sqft
100,650Lot
Price Vs. Estimate
Estimation data not available
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 = 100650, living area = 1575.
Top Cons:
Disproportionate Home Size: The existing 1,575 sqft, 2-bedroom home is relatively small compared to the expansive 2+ acre lot, suggesting the primary value lies in the land and its development potential rather than the current structure.
Compared to the nearby listings
Price:$2.30M vs avg $756.0K (+$1,544,000)99%
Size:1,575 sqft vs avg 1,830.5 sqft38%
Price/sqft:$1.5K vs avg $41299%
More Insights
Built in 1975 (50 years old).
Condition: The property was built in 1975, making it 49 years old. While the description states it is 'well-maintained and move-in ready' with 'classic charm,' there are no interior images to assess the condition, style, or features of the kitchen, bathrooms, appliances, or other systems. The 'classic charm' suggests that these areas likely retain an older aesthetic, consistent with a home of its age that has been maintained but not extensively modernized. The property's primary value is noted to be in its land and development potential, rather than the existing structure's contemporary features. This aligns with a 'Fair' condition, indicating an aged but maintained home where major components are functional but likely outdated.
Year Built
1975
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$1,460
HOA
-
Days on market
-
Sold On
-
MLS number
SR25126681
Home ConditionFair
Features
Good View: Mountain(s)
Pool
ViewMountain(s)
About this home
Spacious 2+ Acre Property with Development Potential in Ontario, CA Welcome to an exceptional opportunity in the heart of Ontario! This charming 2-bedroom, 2-bath single-family home sits on over 2 flat, usable acres, offering endless possibilities for expansion, investment, or personal enjoyment. Enjoy the convenience of a private pool, ideal for relaxing or entertaining, and the serenity of wide-open space—all while being just minutes from major freeways for easy commuting. The existing home is well-maintained and move-in ready, featuring comfortable living spaces and classic charm. With ample room to build, the property offers incredible potential for additional units, including a Junior ADU and a full-size ADU, making it perfect for multigenerational living or creating rental income streams. Whether you’re looking for a spacious private residence, a future investment, or a development project, this rare find delivers the flexibility and space to bring your vision to life.
Condition Rating
Fair
The property was built in 1975, making it 49 years old. While the description states it is 'well-maintained and move-in ready' with 'classic charm,' there are no interior images to assess the condition, style, or features of the kitchen, bathrooms, appliances, or other systems. The 'classic charm' suggests that these areas likely retain an older aesthetic, consistent with a home of its age that has been maintained but not extensively modernized. The property's primary value is noted to be in its land and development potential, rather than the existing structure's contemporary features. This aligns with a 'Fair' condition, indicating an aged but maintained home where major components are functional but likely outdated.
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 = 100650, living area = 1575.
Expansive & Usable Lot: The property boasts over 2 flat, usable acres (100,650 sqft), offering exceptional space and flexibility for various uses, from private enjoyment to significant development.
Significant Development Potential: With ample room to build, the property offers incredible potential for additional units, including a Junior ADU and a full-size ADU, ideal for rental income or multi-generational living.
Private Pool & Amenities: Includes a private pool, enhancing the property's lifestyle appeal, recreation opportunities, and entertainment value for residents.
Desirable Mountain Views: The property features attractive mountain views, adding to its aesthetic appeal and providing a pleasant backdrop for daily living.
Convenient Freeway Access: Strategically located just minutes from major freeways, ensuring easy commuting and convenient access to surrounding areas.
Cons
Disproportionate Home Size: The existing 1,575 sqft, 2-bedroom home is relatively small compared to the expansive 2+ acre lot, suggesting the primary value lies in the land and its development potential rather than the current structure.
Premium Price Point: The $2.3 million list price is a substantial investment for a 1975-built, 2-bedroom home of this size, indicating a high valuation placed on the land's development potential rather than the current residential dwelling.
Potential for Significant Additional Investment: While offering strong development potential, realizing this (e.g., building ADUs, expanding the main home) will require substantial additional investment beyond the purchase price.