902 S Hope Avenue, Ontario, California 91761, Ontario, 91761 - 3 bed, 2 bath
ACTIVE$569,000
902 S Hope Avenue, Ontario, California 91761
3Beds
2Baths
1,507Sqft
5,418Lot
Price Vs. Estimate
The estimated value ($569,000) is $0 (0%) lower than the list price ($569,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU Conversion Potential: The detached garage offers a fantastic opportunity for an Accessory Dwelling Unit (ADU) conversion, significantly adding value and versatility for potential rental income or extended family living.
Top Cons:
Age of Core Systems (Implied): Built in 1946, the description highlights cosmetic updates but lacks specific mention of major system upgrades (e.g., HVAC, plumbing, electrical, roof), which could lead to unforeseen future expenses.
Compared to the nearby listings
Price:$569.0K vs avg $758.5K ($-189,549)6%
Size:1,507 sqft vs avg 1,889 sqft29%
Price/sqft:$378 vs avg $39939%
More Insights
Built in 1946 (79 years old).
Condition: The property, built in 1946, has received recent cosmetic updates such as fresh interior paint and stylish laminate flooring, making it superficially move-in ready. However, the kitchen features older white appliances, basic cabinets, and dated countertops, indicating a need for significant modernization. The presence of window AC units suggests a lack of central air conditioning, which is a major functional drawback. While the home is maintained and livable, key areas like the kitchen and HVAC systems are outdated and would require substantial investment to meet current standards, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated and require more than minor updates.
Year Built
1946
Close
-
List price
$569K
Original List price
$667K
Price/Sqft
$378
HOA
-
Days on market
-
Sold On
-
MLS number
IV25189885
Home ConditionFair
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
Fair
The property, built in 1946, has received recent cosmetic updates such as fresh interior paint and stylish laminate flooring, making it superficially move-in ready. However, the kitchen features older white appliances, basic cabinets, and dated countertops, indicating a need for significant modernization. The presence of window AC units suggests a lack of central air conditioning, which is a major functional drawback. While the home is maintained and livable, key areas like the kitchen and HVAC systems are outdated and would require substantial investment to meet current standards, aligning with the 'Fair' condition criteria where major components are functional but show signs of being outdated and require more than minor updates.
Pros & Cons
Pros
ADU Conversion Potential: The detached garage offers a fantastic opportunity for an Accessory Dwelling Unit (ADU) conversion, significantly adding value and versatility for potential rental income or extended family living.
Recent Cosmetic Updates: The home features fresh interior paint and stylish laminate flooring throughout, providing a modern, move-in ready aesthetic for new owners.
Functional Indoor-Outdoor Flow: The seamless connection between the kitchen/dining area and the backyard is ideal for entertaining and promotes a desirable indoor-outdoor living experience.
Private Primary Suite: A privately situated primary bedroom with its own en suite bathroom offers a comfortable and secluded retreat for the homeowners.
Backyard Customization Potential: The ample backyard space is described as having 'endless potential,' allowing new owners to design and create their personalized outdoor oasis.
Cons
Age of Core Systems (Implied): Built in 1946, the description highlights cosmetic updates but lacks specific mention of major system upgrades (e.g., HVAC, plumbing, electrical, roof), which could lead to unforeseen future expenses.
Significant Price Reductions: Multiple price drops from the original list price ($667,000 to $569,000) may indicate initial overpricing or market resistance, potentially impacting buyer perception of value.
Undeveloped Backyard: While offering 'endless potential,' the backyard is currently undeveloped, meaning it will require significant investment in time and resources from the buyer to create the desired outdoor living space.