8181 Date Street, Fontana, California 92335, Fontana, 92335 - 2 bed, 1 bath
ACTIVE$595,000
8181 Date Street, Fontana, California 92335
2Beds
1Bath
1,409Sqft
7,600Lot
Price Vs. Estimate
The estimated value ($250,739.615) is $344,260.385 (57%) lower than the list price ($595,000). 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 = 7600, living area = 1409.
Top Cons:
Advanced Age of Property: Built in 1943, the home is over 80 years old, suggesting potential for outdated infrastructure (plumbing, electrical, HVAC) and the need for significant capital expenditures for modernization and maintenance.
Compared to the nearby listings
Price:$595.0K vs avg $562.5K (+$32,500)60%
Size:1,409 sqft vs avg 1,292.5 sqft59%
Price/sqft:$422 vs avg $43048%
More Insights
Built in 1943 (82 years old).
Condition: Built in 1943, this property is 81 years old and shows significant signs of deferred maintenance and extreme outdatedness. The kitchen features very old, possibly original, wooden cabinets, outdated countertops, and basic fixtures, requiring a complete renovation. The main bathroom is similarly outdated with old vanity, fixtures, and tile. An additional 'room with a full bathroom' appears to be a very basic, rudimentary structure with exposed plumbing and wiring, suggesting it's not a modern living space. Flooring consists of worn hardwood, old carpet, and linoleum. The overall condition, coupled with the 'buyers to do their due diligence' clause and the significant discrepancy between listing price and estimated value, indicates the property requires substantial repairs and rehabilitation, including major system replacements, to be safely and comfortably livable.
Year Built
1943
Close
-
List price
$595K
Original List price
$665K
Price/Sqft
$422
HOA
-
Days on market
-
Sold On
-
MLS number
CV25018881
Home ConditionPoor
Features
Patio
View-
About this home
THIS SUBJECT HAS TWO UNITS, THE ORIGINAL HOUSE AND AN ADDITIONAL LARGE ROOM WITH A FULL BATHROOM CAN BE USED FOR STORAGE ALSO, THERE ARE TWO GAS METERS INSTALLED BY THE MAIN HOUSE. BUYERS TO DO THEIR DUE DILIGENCE'
Condition Rating
Poor
Built in 1943, this property is 81 years old and shows significant signs of deferred maintenance and extreme outdatedness. The kitchen features very old, possibly original, wooden cabinets, outdated countertops, and basic fixtures, requiring a complete renovation. The main bathroom is similarly outdated with old vanity, fixtures, and tile. An additional 'room with a full bathroom' appears to be a very basic, rudimentary structure with exposed plumbing and wiring, suggesting it's not a modern living space. Flooring consists of worn hardwood, old carpet, and linoleum. The overall condition, coupled with the 'buyers to do their due diligence' clause and the significant discrepancy between listing price and estimated value, indicates the property requires substantial repairs and rehabilitation, including major system replacements, to be safely and comfortably livable.
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 = 7600, living area = 1409.
Multi-Unit Potential: The property features two distinct units (original house and an additional large room with a full bathroom) and two gas meters, offering significant income potential or flexible living arrangements.
Generous Lot Size: With a 7600 sqft lot, there is ample outdoor space for landscaping, potential expansion, or recreational activities.
Recent Price Reduction: A substantial price drop from the original list price of $665,000 to $595,000 indicates increased seller motivation and potentially better value for buyers.
Versatile Additional Structure: The separate large room with a full bathroom provides flexibility for various uses such as a guest suite, home office, or potential junior ADU, adding significant utility.
Separate Utility Metering: The presence of two gas meters facilitates independent utility management for the two units, enhancing rental or multi-family living viability.
Cons
Advanced Age of Property: Built in 1943, the home is over 80 years old, suggesting potential for outdated infrastructure (plumbing, electrical, HVAC) and the need for significant capital expenditures for modernization and maintenance.
Significant Valuation Discrepancy: The property's estimated value ($250,739) is substantially lower than the current list price ($595,000), indicating a potential overvaluation or underlying issues that could impact financing and buyer interest.
Implied As-Is Condition: The explicit instruction for 'buyers to do their due diligence' and lack of mention of recent upgrades strongly suggest the property is being sold in 'as-is' condition, likely requiring considerable investment for necessary repairs and improvements.