555 N N Chestnut Ave, Rialto, California 92376, Rialto, 92376 - 3 bed, 2 bath
ACTIVE$600,000
555 N N Chestnut Ave, Rialto, California 92376
3Beds
2Baths
1,188Sqft
7,260Lot
Price Vs. Estimate
The estimated value ($572,827.34) is $27,172.66 (4%) lower than the list price ($600,000). 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 = 7260, living area = 1188.
Top Cons:
Requires Renovation: Described as a 'light-to-moderate TLC project' requiring a buyer to 'add their personal touch', indicating it is not move-in ready and will need immediate investment for updates and repairs.
Compared to the nearby listings
Price:$600.0K vs avg $570.0K (+$30,000)64%
Size:1,188 sqft vs avg 1,485 sqft25%
Price/sqft:$505 vs avg $37191%
More Insights
Built in 1977 (48 years old).
Condition: The property was built in 1977, making it 47 years old. The listing describes it as a 'light-to-moderate TLC project' requiring a buyer to 'add their personal touch,' indicating that while it has 'solid bones,' it has not undergone recent extensive renovations. Without interior photos, particularly of the kitchen and bathrooms, it's highly probable these areas, along with other systems and finishes, are original or significantly outdated, requiring updates to meet current quality standards. This aligns with a 'Fair' condition, where major components are functional but show signs of being outdated, and minor updates or repairs are needed.
Year Built
1977
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
$505
HOA
-
Days on market
-
Sold On
-
MLS number
250044837SD
Home ConditionFair
Features
View-
About this home
Great opportunity in a desirable Rialto neighborhood! This property offers solid bones and plenty of potential for a buyer ready to add their personal touch. Features a functional layout, spacious yard, and room to improve or expand. Perfect for investors or owner-occupants looking for a light-to-moderate TLC project. Priced to sell—don’t miss it!
Price History
Date
Event
Price
01/15/99
Sold
$90,000
05/29/98
Sold
$45,500
Condition Rating
Fair
The property was built in 1977, making it 47 years old. The listing describes it as a 'light-to-moderate TLC project' requiring a buyer to 'add their personal touch,' indicating that while it has 'solid bones,' it has not undergone recent extensive renovations. Without interior photos, particularly of the kitchen and bathrooms, it's highly probable these areas, along with other systems and finishes, are original or significantly outdated, requiring updates to meet current quality standards. This aligns with a 'Fair' condition, where major components are functional but show signs of being outdated, and minor updates or repairs 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 = 7260, living area = 1188.
Investment Potential: The property offers significant value-add potential, ideal for investors or owner-occupants looking to customize and improve, as it's described as a 'light-to-moderate TLC project'.
Desirable Location: Situated in a 'desirable Rialto neighborhood', suggesting good community appeal and potential for appreciation.
Solid Structure: The property 'offers solid bones', indicating a good underlying structural foundation despite its age.
Spacious Yard: Features a 'spacious yard', providing ample outdoor space for recreation, gardening, or potential expansion.
Functional Layout: The interior boasts a 'functional layout', suggesting a practical and usable floor plan for daily living.
Cons
Requires Renovation: Described as a 'light-to-moderate TLC project' requiring a buyer to 'add their personal touch', indicating it is not move-in ready and will need immediate investment for updates and repairs.
Property Age: Built in 1977, the property is nearly 50 years old, which may imply outdated systems, finishes, and potential for deferred maintenance beyond cosmetic updates.
Compact Interior Space: With 1188 square feet for 3 bedrooms and 2 bathrooms, the interior living space is relatively compact, which might not appeal to buyers seeking larger homes.