902 S Hope Avenue, Ontario, California 91761, Ontario, 91761 - 3 bed, 2 bath
ACTIVE$639,000
902 S Hope Avenue, Ontario, California 91761
3Beds
2Baths
1,500Sqft
5,396Lot
Price Vs. Estimate
The estimated value ($319,475.525) is $319,524.475 (50%) lower than the list price ($639,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Potential: The detached garage offers a fantastic opportunity for an Accessory Dwelling Unit (ADU) conversion, adding significant value and versatility to the property.
Top Cons:
Significant Valuation Discrepancy: The property's current listing price is substantially higher than its estimated market value, indicating a potential overpricing issue that may deter buyers.
Compared to the nearby listings
Price:$639.0K vs avg $758.5K ($-119,549)14%
Size:1,500 sqft vs avg 1,889 sqft29%
Price/sqft:$426 vs avg $39960%
More Insights
Built in 1946 (79 years old).
Condition: Despite being built in 1946, this home presents as move-in ready due to significant recent interior updates. The kitchen features modern white shaker cabinets, stainless steel appliances, and recessed lighting, indicating a renovation within the last 5-15 years. Both bathrooms are similarly updated with contemporary vanities, fixtures, and clean tile work. The entire home benefits from fresh interior paint and stylish laminate flooring throughout. While the visible cosmetic updates are excellent, the listing does not explicitly detail recent upgrades to major systems (HVAC, plumbing, electrical, roof) for a home of this age, which prevents an 'Excellent' rating. However, the property is clearly well-maintained and has undergone substantial modernization, fitting the 'Good' criteria of being extensively renovated within 5 to 15 years with functional systems and minimal wear and tear on updated components.
Year Built
1946
Close
-
List price
$639K
Original List price
$667K
Price/Sqft
$426
HOA
-
Days on market
-
Sold On
-
MLS number
IV25089082
Home ConditionGood
Features
ViewNeighborhood
About this home
Unique Updated Home with ADU Potential! Welcome to this updated home featuring fresh interior paint and stylish laminate flooring throughout. Go into a spacious living room that offers a warm and inviting atmosphere, perfect for relaxing or entertaining. At the heart of the home, the kitchen and dining area create a seamless space for gathering, complete with convenient access to the backyard—ideal for indoor-outdoor living. The privately situated primary bedroom offers a peaceful retreat with its own en suite bathroom for added comfort. Outside, the detached garage presents a fantastic opportunity for an ADU conversion, adding value and versatility to the property. With ample space and vision, the backyard offers endless potential to create your own outdoor oasis. Don't miss out on this home with exciting future possibilities!
Condition Rating
Good
Despite being built in 1946, this home presents as move-in ready due to significant recent interior updates. The kitchen features modern white shaker cabinets, stainless steel appliances, and recessed lighting, indicating a renovation within the last 5-15 years. Both bathrooms are similarly updated with contemporary vanities, fixtures, and clean tile work. The entire home benefits from fresh interior paint and stylish laminate flooring throughout. While the visible cosmetic updates are excellent, the listing does not explicitly detail recent upgrades to major systems (HVAC, plumbing, electrical, roof) for a home of this age, which prevents an 'Excellent' rating. However, the property is clearly well-maintained and has undergone substantial modernization, fitting the 'Good' criteria of being extensively renovated within 5 to 15 years with functional systems and minimal wear and tear on updated components.
Pros & Cons
Pros
ADU Potential: The detached garage offers a fantastic opportunity for an Accessory Dwelling Unit (ADU) conversion, adding significant value and versatility to the property.
Modern Interior Updates: The home features fresh interior paint and stylish laminate flooring throughout, providing a contemporary and move-in ready aesthetic.
Functional Layout & Indoor-Outdoor Flow: A spacious living room and a seamless kitchen/dining area with convenient backyard access are ideal for entertaining and indoor-outdoor living.
Private Primary Suite: The primary bedroom is privately situated and includes its own en suite bathroom, offering a comfortable and secluded retreat.
Backyard Development Potential: The ample backyard space provides endless potential for customization, allowing future owners to create their ideal outdoor oasis.
Cons
Significant Valuation Discrepancy: The property's current listing price is substantially higher than its estimated market value, indicating a potential overpricing issue that may deter buyers.
Unspecified Major System Updates: While interior updates are noted, the description does not specify recent upgrades to major systems (e.g., HVAC, plumbing, electrical, roof) for this 1946-built home, which could lead to future expenses.
Price Reduction & Market Time: The property has already undergone a price reduction and has been on the market for over a month, suggesting it may be struggling to attract offers at its current price point.