991 Latham Street, Colton, California 92324, Colton, 92324 - 4 bed, 3 bath
ACTIVE$749,900
991 Latham Street, Colton, California 92324
4Beds
3Baths
2,132Sqft
14,280Lot
Price Vs. Estimate
The estimated value ($309,132.545) is $440,767.455 (58%) lower than the list price ($749,900). 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 = 14280, living area = 2132.
Top Cons:
Significant Overpricing: The listing price of $749,900 is substantially higher than the estimated property value of $309,132.55 (an estimation ratio of -58), indicating a potential disconnect with current market comparables and likely to deter buyers.
Compared to the nearby listings
Price:$749.9K vs avg $514.0K (+$235,900)92%
Size:2,132 sqft vs avg 1,345 sqft87%
Price/sqft:$352 vs avg $36244%
More Insights
Built in 1986 (39 years old).
Condition: This property is currently undergoing extensive renovations, including a remodeled kitchen and bathrooms, new flooring, and fresh paint. The HVAC system is also less than 5 years old. These significant updates, particularly to key areas like the kitchen and bathrooms, align with the 'extensively renovated within 5 years' criteria for an Excellent rating, ensuring the interior will be virtually new and meet current quality standards. While the exterior images show some minor cosmetic wear on the driveway and basic landscaping, the comprehensive interior overhaul and new major system elevate the overall condition.
Year Built
1986
Close
-
List price
$750K
Original List price
$750K
Price/Sqft
$352
HOA
-
Days on market
-
Sold On
-
MLS number
IV25108320
Home ConditionExcellent
Features
Good View: City Lights, Hills, Neighborhood
Deck
ViewCity Lights,Hills,Neighborhood
About this home
HUGE LOT!!! WITH MASSIVE BLOCK WALL SURROUNDING THIS GEM OF A HOME !!!DOUBLE DOOR ENTRY LEADS YOU INTO A HUGE LIVING ROOM WITH 25 FOOT CEILINGS!! PROPERTY BEING REMODELED AT THIS TIME WITH NEW FLOORING (IF YOU HURRY YOU CAN PICK COLOR) PAINT AND A REMODELED KITCHEN AND BATH ROOMS, 4 BEDROOM TOTAL!! 1 BEDROOM DOWNSTAIRS AND 3 UPSTAIRS!! 2 FIREPLACES FOR THOSE COZY DAYS ONE IN FAMILY ROOM AND 1 IN MASTER BEDROOM ALONG WITH A ENTERTAINING DECK OFF MASTER BEDROOM!! THIS HOME HAS A HUGE BACK YARD AND A HUGE 3 CAR GARAGE WITH A SEPARATE LAUNDRY ROOM ENCLOSED, IF YOUR CREATIVE COULD BE AN ADU !! FORCED HEATING AND A/C UNIT IS LESS THAN 5 YEARS NEW!! AND DID I MENTION HOME IS IN A CUL DE SAC FOR MORE SECURITY AND PRIVACY!!!
Condition Rating
Excellent
This property is currently undergoing extensive renovations, including a remodeled kitchen and bathrooms, new flooring, and fresh paint. The HVAC system is also less than 5 years old. These significant updates, particularly to key areas like the kitchen and bathrooms, align with the 'extensively renovated within 5 years' criteria for an Excellent rating, ensuring the interior will be virtually new and meet current quality standards. While the exterior images show some minor cosmetic wear on the driveway and basic landscaping, the comprehensive interior overhaul and new major system elevate the overall condition.
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 = 14280, living area = 2132.
Expansive Lot & Privacy: The property boasts a 'HUGE LOT!!!' of 14,280 sqft, complemented by a 'MASSIVE BLOCK WALL' and a 'CUL DE SAC' location, offering exceptional privacy and ample outdoor space.
Modern Upgrades & HVAC: Currently undergoing a remodel with new flooring, paint, kitchen, and bathrooms, ensuring a fresh, updated interior. Additionally, the 'FORCED HEATING AND A/C UNIT IS LESS THAN 5 YEARS NEW,' providing modern climate control.
Architectural Feature: The 'HUGE LIVING ROOM WITH 25 FOOT CEILINGS!!' creates a dramatic and spacious entry, enhancing the home's aesthetic appeal and perceived value.
ADU Conversion Potential: The 'HUGE 3 CAR GARAGE WITH A SEPARATE LAUNDRY ROOM ENCLOSED' is explicitly noted as having potential for an ADU conversion, offering significant value addition or rental income opportunity.
Functional Layout & Master Suite Amenities: Features a convenient '1 BEDROOM DOWNSTAIRS' for multi-generational living or guests, and a master bedroom equipped with a 'FIREPLACE ALONG WITH A ENTERTAINING DECK,' adding luxury and comfort.
Cons
Significant Overpricing: The listing price of $749,900 is substantially higher than the estimated property value of $309,132.55 (an estimation ratio of -58), indicating a potential disconnect with current market comparables and likely to deter buyers.
Ongoing Remodel Uncertainty: While upgrades are positive, the property 'BEING REMODELED AT THIS TIME' means it is not fully complete, which can create uncertainty for buyers regarding completion timelines, final finishes, and potential delays.
Age of Property (Potential for Unseen Issues): Built in 1986, despite current remodels, underlying systems (e.g., plumbing, electrical, roof structure) not explicitly mentioned as upgraded might be original and could require future maintenance or replacement.