811 Walnut, Colton, California 92324, Colton, 92324 - 3 bed, 2 bath
ACTIVE$545,000
811 Walnut, Colton, California 92324
3Beds
2Baths
1,279Sqft
8,190Lot
Price Vs. Estimate
The estimated value ($229,330.485) is $315,669.515 (57%) lower than the list price ($545,000). 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 = 8190, living area = 1279.
Top Cons:
Significant Price Discrepancy: The listing price of $545,000 is substantially higher than the property's estimated value of $229,330 and recent comparable sales, suggesting it may be overpriced relative to its current condition and market trends.
Compared to the nearby listings
Price:$545.0K vs avg $514.0K (+$31,000)66%
Size:1,279 sqft vs avg 1,344 sqft46%
Price/sqft:$426 vs avg $36370%
More Insights
Built in 1954 (71 years old).
Condition: Built in 1954, this property shows significant signs of age and a lack of major renovations in the last 30-50 years. The kitchen features outdated appliances, cabinets, countertops, and lighting, requiring a full overhaul. Both bathrooms are similarly dated with old vanities, fixtures, and tile. Flooring consists of older hardwood, worn carpets, and dated linoleum/tile. The property analysis explicitly notes 'Dated Condition & Required Updates' and 'Lack of Modern Comforts,' including the absence of central air conditioning, which points to substantial rehabilitation needed to meet current quality and comfort standards.
Year Built
1954
Close
-
List price
$545K
Original List price
$545K
Price/Sqft
$426
HOA
-
Days on market
-
Sold On
-
MLS number
WS25108418
Home ConditionPoor
Features
View-
About this home
Welcome to this charming single-family home in Colton, California! This property features 3 bedrooms and 2 full bathrooms with 1,279 square feet of living space. Situated on a large 8,190 square foot lot, there's plenty of room to enjoy the outdoors and even the potential to add a new ADU. The location is fantastic, with close proximity to shopping malls, schools, churches, and transportation. This is a great opportunity for first-time homebuyers or those looking to upgrade. Don't miss out on this wonderful home in a convenient location.
Condition Rating
Poor
Built in 1954, this property shows significant signs of age and a lack of major renovations in the last 30-50 years. The kitchen features outdated appliances, cabinets, countertops, and lighting, requiring a full overhaul. Both bathrooms are similarly dated with old vanities, fixtures, and tile. Flooring consists of older hardwood, worn carpets, and dated linoleum/tile. The property analysis explicitly notes 'Dated Condition & Required Updates' and 'Lack of Modern Comforts,' including the absence of central air conditioning, which points to substantial rehabilitation needed to meet current quality and comfort standards.
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 = 8190, living area = 1279.
Generous Lot Size: The property boasts a large 8,190 square foot lot, providing ample outdoor space for various activities and potential expansion.
ADU Potential: The spacious lot explicitly offers the potential to add an Accessory Dwelling Unit (ADU), presenting a significant opportunity for rental income or multi-generational living.
Convenient Location: Strategically located with close proximity to shopping malls, schools, churches, and transportation, enhancing daily convenience and accessibility for residents.
Broad Buyer Appeal: Described as a 'great opportunity for first-time homebuyers or those looking to upgrade,' indicating its suitability for key market segments seeking value and potential.
Functional Layout: The 3-bedroom, 2-bathroom configuration within 1,279 square feet offers a practical and desirable living arrangement for families.
Cons
Significant Price Discrepancy: The listing price of $545,000 is substantially higher than the property's estimated value of $229,330 and recent comparable sales, suggesting it may be overpriced relative to its current condition and market trends.
Dated Condition & Required Updates: Built in 1954, the property's description does not highlight any recent renovations, implying it likely requires significant cosmetic and system updates to modernize and compete with updated homes in the area.
Lack of Modern Comforts: The absence of mentioned modern amenities, such as central air conditioning, could be a significant drawback for buyers seeking contemporary comfort, especially given the California climate.