550 W Granada Court, Ontario, California 91762, Ontario, 91762 - 3 bed, 2 bath
ACTIVE$674,988$1,466/sqft
Est. Value: $662,789
-1%
FairlyEstimate
550 W Granada Court, Ontario, California 91762
3Beds
2Baths
1,466Sqft
7,920Lot
Price Vs. Estimate
The estimated value ($662,789.305) is $12,198.695 (1%) lower than the list price ($674,988). 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 = 7920, living area = 1466.
Top Cons:
Property Age & Potential Updates: Built in 1948, the property may require updates to systems (e.g., HVAC, plumbing, electrical) and finishes to meet modern standards and energy efficiency expectations.
Compared to the nearby listings
Price:$675.0K vs avg $740.0K ($-65,012)28%
Size:1,466 sqft vs avg 1,800 sqft28%
Price/sqft:$460 vs avg $41162%
More Insights
Built in 1948 (78 years old).
Condition: The property, built in 1948, shows signs of recent cosmetic updates in the main house, including a kitchen with modern stainless steel appliances, granite countertops, and updated cabinets, as well as a main bathroom with a contemporary vanity and fixtures. Flooring in the living areas and bedrooms also appears updated. However, the property's age (76 years) suggests that major systems (HVAC, plumbing, electrical) are likely outdated and may require substantial updates, as noted in the property analysis. The ADU also appears less updated than the main house. While cosmetically appealing and move-in ready in many areas, the underlying age and potential for significant system repairs prevent it from reaching a 'Good' score.
Year Built
1948
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$460
HOA
-
Days on market
-
Sold On
-
MLS number
IV25280709
Home ConditionFair
Features
Patio
View-
About this home
Charming 2-bedroom, 1-bath home featuring a spacious living room, dedicated dining area, and functional kitchen layout. The property includes a separate 1-bedroom, 1-bath ADU, ideal for extended family, guests, or rental income. Enjoy a 2-car garage, ample parking space, and a generously sized backyard perfect for entertaining or future expansion. A versatile property offering comfort, space, and added value.
M
MARIO ORELLANA
Listing Agent
Price History
Date
Event
Price
08/29/97
Sold
$96,000
Condition Rating
Fair
The property, built in 1948, shows signs of recent cosmetic updates in the main house, including a kitchen with modern stainless steel appliances, granite countertops, and updated cabinets, as well as a main bathroom with a contemporary vanity and fixtures. Flooring in the living areas and bedrooms also appears updated. However, the property's age (76 years) suggests that major systems (HVAC, plumbing, electrical) are likely outdated and may require substantial updates, as noted in the property analysis. The ADU also appears less updated than the main house. While cosmetically appealing and move-in ready in many areas, the underlying age and potential for significant system repairs prevent it from reaching a 'Good' score.
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 = 7920, living area = 1466.
Accessory Dwelling Unit (ADU): Includes a separate 1-bedroom, 1-bath ADU, offering significant versatility for extended family, guest accommodation, or potential rental income.
Generous Outdoor Space: Features a generously sized backyard (7,920 sqft lot) perfect for entertaining, gardening, or future expansion possibilities.
Ample Parking & Garage: Equipped with a 2-car garage and additional ample parking space, accommodating multiple vehicles or residents.
Income & Multi-Generational Potential: The ADU significantly enhances the property's value proposition by providing a clear path for rental income or comfortable multi-generational living.
Charming & Functional Layout: The main home offers a charming aesthetic with a spacious living room, dedicated dining area, and a functional kitchen layout.
Cons
Property Age & Potential Updates: Built in 1948, the property may require updates to systems (e.g., HVAC, plumbing, electrical) and finishes to meet modern standards and energy efficiency expectations.
Limited Bathrooms in Main House: The main 2-bedroom home features only one bathroom, which could be a limitation for families or multiple occupants.
Lack of Modern Amenities Mentioned: The description does not highlight any recent renovations, modern appliances, or smart home features, suggesting potential for buyers to invest in upgrades.