12201 Michigan, Grand Terrace, California 92313, Grand Terrace, - bed, bath
ACTIVE$1,150,000
12201 Michigan, Grand Terrace, California 92313
5Beds
2Baths
1,176Sqft
45,738Lot
Year Built
1936
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR25232853
Home ConditionExcellent
Features
View-
About this home
Rare opportunity to own over 1 acre in the heart of Grand Terrace! This home sits on a HUGE LOT, and offers excellent potential for development. Buyers are encouraged to contact the City of Grand Terrace regarding possible rezoning opportunities to increase density. The home features 5 bedrooms and 2 bathrooms, beautifully remodeled with a very new roof, electricals, an updated kitchen, and fully renovated bathrooms. It sits on over an acre of land, providing plenty of space for outdoor living, entertaining, or future improvements. Located in a progressive, business-friendly city with convenient freeway access, this site presents a great opportunity for builders, developers, or investors seeking a centrally located project in the Inland Empire.
Price History
Date
Event
Price
10/05/25
Listing
$1,150,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (47 Listings) | |
|---|---|---|---|
| Beds | 5 | 3.5 | 94% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,176 | 1,653 | 10% |
| Lot Size | 45,738 | 8,458 | 98% |
| Price | $1.15M | $618K | 98% |
| Price per square foot | $978 | $379 | 98% |
| Built year | 1936 | 9880988 | 4% |
| HOA | |||
| Days on market | 30 | 147 | 2% |
Condition Rating
Excellent
Despite being built in 1936, this property has undergone an extensive and recent renovation. The MLS description explicitly states 'beautifully remodeled with a very new roof, electricals, an updated kitchen, and fully renovated bathrooms.' The images confirm a modern, high-quality kitchen with white shaker cabinets, stainless steel appliances, light countertops, and subway tile backsplash. Both bathrooms are also fully renovated with contemporary vanities, fixtures, and subway tile. While some original hardwood flooring shows minor wear and the cooling/heating appears to be wall-mounted units rather than central HVAC, the significant updates to major systems and key living areas meet the 'Excellent' criteria for a property extensively renovated within the last 5 years, with virtually new components in critical areas.
Pros & Cons
Pros
Significant Development Potential: The property offers over an acre of land with explicit mention of potential rezoning for increased density, making it highly attractive to developers and investors.
Extensive Recent Renovations: The home has been beautifully remodeled with a very new roof, updated electricals, kitchen, and fully renovated bathrooms, reducing immediate capital expenditure for a buyer.
Expansive Lot Size: Over an acre provides ample space for various uses, including outdoor living, potential expansions, or future improvements, appealing to those seeking privacy or space.
Strategic Location & Accessibility: Situated in a progressive, business-friendly city with convenient freeway access, enhancing its appeal for commuters and potential commercial ventures.
Versatile Investment Opportunity: Positioned as a prime site for builders, developers, or investors due to its large lot and development potential in the Inland Empire.
Cons
Advanced Age of Original Structure: Built in 1936, the underlying structure is very old, which could lead to unforeseen maintenance issues or require further upgrades beyond the recent remodels (e.g., plumbing, foundation, insulation).
Small Living Space Relative to Lot Size: The 1176 sqft home is relatively small for a 5-bedroom property on over an acre, suggesting the primary value is in the land, which might not suit buyers seeking a larger primary residence.
Uncertainty of Rezoning/Development Process: While development potential is highlighted, the need for buyers to contact the city regarding rezoning implies that the process is not guaranteed and requires significant due diligence, time, and investment.