7918 Sierra, Fontana, California 92336, Fontana, 92336 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$299,900
7918 Sierra, Fontana, California 92336
2Beds
1Bath
986Sqft
7,526Lot
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 = 7526, living area = 986.
Top Cons:
Cash-Only Transaction: The property 'will not qualify for financing' and requires a 'Cash only' purchase, significantly limiting the eligible buyer pool.
Compared to the nearby listings
Price:$299.9K vs avg $720.0K ($-420,100)0%
Size:986 sqft vs avg 2,057 sqft1%
Price/sqft:$304 vs avg $34628%
More Insights
Built in 1923 (102 years old).
Condition: This property, built in 1923, is in a state of severe disrepair, requiring substantial repairs and rehabilitation. The MLS description explicitly states it 'requires significant TLC inside' and 'will not qualify for financing,' indicating major issues. Images reveal extremely dirty and damaged interiors, including severely compromised flooring, outdated and filthy kitchen cabinets with exposed electrical, and an unhygienic, non-functional bathroom with an old clawfoot tub and shower. While it has a 'newer roof,' the overall condition suggests significant defects affecting habitability, making it unsafe and uncomfortable in its current state.
Year Built
1923
Close
-
List price
$300K
Original List price
$300K
Price/Sqft
$304
HOA
-
Days on market
-
Sold On
-
MLS number
RS25243942
Home ConditionPoor
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood
About this home
Calling all investors and bargain hunters! Our loss, your gain. The house has newer roof but requires significant TLC inside. This is a large 7,500 square foot lot with a separate garage on concrete foundation for a great ADU, RV parking. Other alternative is to build a commercial building similar to the others on the street. Check with the city. This is a unique opportunity to value add a great property. Cash only the house will not qualify for financing.
Price History
Date
Event
Price
12/12/08
Sold
$105,000
08/23/05
Sold
$272,000
06/19/03
Sold
$149,000
Condition Rating
Poor
This property, built in 1923, is in a state of severe disrepair, requiring substantial repairs and rehabilitation. The MLS description explicitly states it 'requires significant TLC inside' and 'will not qualify for financing,' indicating major issues. Images reveal extremely dirty and damaged interiors, including severely compromised flooring, outdated and filthy kitchen cabinets with exposed electrical, and an unhygienic, non-functional bathroom with an old clawfoot tub and shower. While it has a 'newer roof,' the overall condition suggests significant defects affecting habitability, making it unsafe and uncomfortable in its current state.
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 = 7526, living area = 986.
High Value-Add Potential: Explicitly marketed as a 'unique opportunity to value add,' appealing to investors and developers seeking significant returns.
Commercial Redevelopment Option: The potential to 'build a commercial building similar to the others on the street' offers a substantial alternative use and upside, subject to city verification.
Large & Versatile Lot: A generous 7,500 sqft lot provides ample space for expansion, an Accessory Dwelling Unit (ADU), RV parking, or commercial development.
ADU/RV Parking Potential: Features a 'separate garage on concrete foundation' ideal for conversion into an ADU or dedicated RV parking, enhancing property utility and value.
Recent Roof Upgrade: Benefits from a 'newer roof,' mitigating a major capital expenditure typically associated with older properties and providing a solid exterior foundation.
Cons
Cash-Only Transaction: The property 'will not qualify for financing' and requires a 'Cash only' purchase, significantly limiting the eligible buyer pool.
Extensive Interior Renovation Required: The interior 'requires significant TLC,' indicating substantial renovation costs and effort for modernization and habitability.
As-Is Sale Condition: Sold in an 'as-is' condition, placing the burden of all necessary repairs and upgrades squarely on the buyer.