11229 Cypress Avenue, Fontana, California 92337, Fontana, - bed, bath
ACTIVE$1,300,000
11229 Cypress Avenue, Fontana, California 92337
3Beds
2Baths
1,530Sqft
47,920Lot
Year Built
1947
Close
-
List price
$1.3M
Original List price
$1.9M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25068965
Home ConditionTear down
Features
Good View: None
View-
About this home
EXCITING OPPORTUNITY, SELLER IS HIGHLY MOTIVATED PRICE REDUCED $600,000 MUST SELL. All offers received will be taken seriously Build next to a new beautiful church on this flat lot on the path of development 47,920 sq. ft. near I-10, I-60, I-210, I-215 and I-15 FWYS This property is located across Amazon warehouse/distribution center in Fontana. Great opportunity for developers. SFR structure. Sold AS IS. There is a small shop and small storage space next to the garage. Sold for land value, as is in its present condition. Seller open to reasonable offers.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (98 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 3 | 38% |
| Square foot | 1,530 | 1,494 | 54% |
| Lot Size | 47,920 | 4,000 | 99% |
| Price | $1.3M | $600K | 99% |
| Price per square foot | $850 | $408 | 99% |
| Built year | 1947 | 1987 | 1% |
| HOA | $205 | ||
| Days on market | 221 | 151 | 87% |
Condition Rating
Tear down
The property was built in 1947 and is being sold for land value, as is. The description indicates the structure is a SFR (Single Family Residence) but is being sold 'AS IS' and for land value, suggesting it's unlivable and requires demolition. The images show the exterior, which appears overgrown and supports the 'tear-down' assessment.
Pros & Cons
Pros
Large Lot Size: The property boasts a substantial 47,920 sq. ft. lot, offering significant development potential.
Strategic Location: Located near major freeways (I-10, I-60, I-210, I-215, and I-15), providing excellent accessibility and transportation options.
Development Opportunity: Ideal for developers due to its proximity to a new church and the Amazon warehouse/distribution center.
Price Reduction: Significant price reduction indicates a motivated seller and potential for negotiation.
High Traffic Area: Positioned on the path of development, suggesting increasing property value and future growth potential.
Cons
As-Is Condition: The property is sold in 'AS IS' condition, potentially requiring significant repairs or renovations.
Land Value Sale: The property is being sold primarily for land value, suggesting the existing structure may be outdated or require substantial work.
Uncertainty of Existing Structure: The description mentions a SFR structure, small shop, and storage space, but their condition and usability are uncertain.