862 N Martin Street, Rialto, California 92376, Rialto, 92376 - 3 bed, 3 bath
ACTIVE$679,900
862 N Martin Street, Rialto, California 92376
3Beds
3Baths
1,488Sqft
8,400Lot
Price Vs. Estimate
The estimated value ($290,984.59) is $388,915.41 (57%) lower than the list price ($679,900). 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 = 8400, living area = 1488.
Top Cons:
Solar Panel Lease Obligation: Buyers are required to take over the solar panel lease, which introduces an ongoing financial commitment and contractual obligation that may deter some purchasers.
Compared to the nearby listings
Price:$679.9K vs avg $570.0K (+$109,900)92%
Size:1,488 sqft vs avg 1,485 sqft50%
Price/sqft:$457 vs avg $37175%
More Insights
Built in 1985 (40 years old).
Condition: Built in 1985, the property is nearly 40 years old. While generally maintained, the interior shows significant signs of being outdated, particularly the bathroom with its beige tiles and older vanity, and the kitchen with its traditional wooden cabinets. The mirrored wall in the living area further emphasizes the dated aesthetic. It requires minor updates or repairs to meet modern standards, aligning with the 'Fair' condition criteria.
Year Built
1985
Close
-
List price
$680K
Original List price
$699K
Price/Sqft
$457
HOA
-
Days on market
-
Sold On
-
MLS number
MB24187247
Home ConditionFair
Features
Pool
Spa
Patio
View-
About this home
PRICE REDUCED Welcome to your dream home. Two story, big back yard with a private pool. This offers endless opportunities. It is a must see property. Property has solar panels and buyers must take over lease
Condition Rating
Fair
Built in 1985, the property is nearly 40 years old. While generally maintained, the interior shows significant signs of being outdated, particularly the bathroom with its beige tiles and older vanity, and the kitchen with its traditional wooden cabinets. The mirrored wall in the living area further emphasizes the dated aesthetic. It requires minor updates or repairs to meet modern standards, aligning with the 'Fair' condition criteria.
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 = 8400, living area = 1488.
Private Pool: The property features a private pool, a highly desirable amenity in California, enhancing lifestyle and recreational opportunities.
Generous Lot Size: With an 8400 sqft lot, the property offers ample outdoor space, complementing the pool and providing potential for further landscaping or expansion.
Two-Story Layout: The two-story design provides a clear separation between living areas and private spaces, a popular feature for families.
Favorable Bathroom Count: Offering 3 bathrooms for 3 bedrooms, the property provides excellent convenience and privacy for residents and guests.
Solar Panels for Energy Efficiency: The presence of solar panels contributes to energy efficiency and potential long-term savings on electricity bills.
Cons
Solar Panel Lease Obligation: Buyers are required to take over the solar panel lease, which introduces an ongoing financial commitment and contractual obligation that may deter some purchasers.
Significant Valuation Discrepancy: The provided property estimation value ($290,984.59) is substantially lower than the current listing price ($679,900), potentially indicating overpricing or an outdated valuation that could impact buyer perception and financing.
Potential for Dated Interior/Systems: Built in 1985, the property is nearly 40 years old, and without explicit mention of recent comprehensive renovations, the interior finishes and major systems may require updates to meet modern buyer expectations.