539 W Nevada, Ontario, California 91762, Ontario, 91762 - 2 bed, 1 bath
ACTIVE$599,700
539 W Nevada, Ontario, California 91762
2Beds
1Bath
828Sqft
7,938Lot
Price Vs. Estimate
The estimated value ($599,548.295) is $151.705 (0%) lower than the list price ($599,700). 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 = 7938, living area = 828.
Top Cons:
Compact Living Area & Single Bathroom: With 828 sqft, 2 bedrooms, and only 1 bathroom, the property offers limited interior space, which may be a constraint for growing families or those desiring more amenities.
Compared to the nearby listings
Price:$599.7K vs avg $751.0K ($-151,300)9%
Size:828 sqft vs avg 1,830.5 sqft2%
Price/sqft:$724 vs avg $41299%
More Insights
Built in 1945 (80 years old).
Condition: Built in 1945, this property has received some important updates like newer windows and roof, indicating regular upkeep. However, the kitchen, as seen in the images, features dated wood cabinets and countertops, suggesting a renovation that occurred 15-30 years ago rather than a recent modern update. While functional, it requires cosmetic updates to meet current styles. No bathroom images were provided, but it's reasonable to assume a similar condition to the kitchen. The home is aged but maintained, fitting the 'Fair' category where minor updates are needed.
Year Built
1945
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$724
HOA
-
Days on market
-
Sold On
-
MLS number
IG25263902
Home ConditionFair
Features
ViewNeighborhood
About this home
More photos coming soon. Charming Ontario home perfect for first-time buyers! This tranquil 2-bed, 1-bath residence is situated on a quiet, tree-lined street. The huge backyard and detached garage offer immense ADU potential, which could generate income to help with mortgage payments. Enjoy a private garden oasis with mature fruit trees. Upgrades include updated windows and a newer roof for peace of mind. Convenient access to shopping, freeways, Ontario Airport, and hospitals. Buyers are encouraged to ask their lender about down payment assistance programs, as this property likely qualifies. A rare opportunity for a first-time home buyer awaits!
Price History
Date
Event
Price
07/12/01
Sold
$110,000
Condition Rating
Fair
Built in 1945, this property has received some important updates like newer windows and roof, indicating regular upkeep. However, the kitchen, as seen in the images, features dated wood cabinets and countertops, suggesting a renovation that occurred 15-30 years ago rather than a recent modern update. While functional, it requires cosmetic updates to meet current styles. No bathroom images were provided, but it's reasonable to assume a similar condition to the kitchen. The home is aged but maintained, fitting the 'Fair' category where minor updates are needed.
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 = 7938, living area = 828.
ADU & Income Potential: The property features a huge backyard and a detached garage, offering significant Accessory Dwelling Unit (ADU) potential for rental income or extended family living.
Recent Key Upgrades: Updated windows and a newer roof provide peace of mind and reduce immediate maintenance concerns for a new homeowner.
First-Time Buyer Appeal: Explicitly marketed as ideal for first-time buyers, with potential qualification for down payment assistance programs, broadening its market accessibility.
Prime Location & Accessibility: Situated on a tranquil, tree-lined street with convenient access to major freeways, shopping centers, Ontario Airport, and essential services like hospitals.
Charming Outdoor Space: Boasts a private garden oasis with mature fruit trees, enhancing curb appeal and offering a serene outdoor living environment.
Cons
Compact Living Area & Single Bathroom: With 828 sqft, 2 bedrooms, and only 1 bathroom, the property offers limited interior space, which may be a constraint for growing families or those desiring more amenities.
Age of Property: Built in 1945, the home is older, potentially indicating a need for further updates to systems (e.g., electrical, plumbing, HVAC) beyond the noted window and roof upgrades.
Potential Overvaluation: The current list price of $599,700 is approximately 5% above the estimated property value of $568,456, suggesting it may be priced slightly high relative to current market assessments.