12201 Michigan, Grand Terrace, CA 92313
12201 Michigan, Grand Terrace, CA 92313
Property Description
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.
Features & Amenities
Property Details
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Comparative Market Analysis
Affordable Tier · 5 active · 2 closed
Grand Terrace · Single Family Residence
Listed 3.1% above the median closed sale of $1,125,000. Price per sqft ($986) is a 241% premium to closed comps ($289). Closed comps sold at 91% of list — buyers have negotiating leverage. Expect a longer timeline — comps averaged 131 days on market.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 820 Larch St | Colton | 1949 | 3 | 2 | 1,282 | 5,000 | $936 | $1.20M | 39 | 59 |
| 1815 Hilltop | Colton | 1977 | 4 | 3 | 3,395 | 50,094 | $295 | $999,999 | 134 | 39 |
| 23335 Westwood Street | Grand Terrace | 1968 | 3 | 3 | 2,794 | 28,800 | $357 | $998,000 | 24 | 38 |
| 875 Clark | Riverside | 2004 | 3 | 3 | 2,951 | 65,340 | $441 | $1.30M | 114 | 34 |
| 1597 Cindee | Colton | 1989 | 4 | 5 | 4,503 | 18,100 | $261 | $1.17M | 49 | 30 |
| Total: 5 · Average | 3.4 | 3.2 | 2,985 | 33,466.8 | $458 | $1.13M | 72 | |||
| Median | 2,951 | $1.17M | ||||||||
Closed Properties (2)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3009 Shadid | Colton | 2002 | 05/28/2026 | 5 | 4 | 3,712 | 43,560 | $1.10M | $1.00M | $269 | 0.91 | 99 | 32 |
| 2298 Lalique Circle | Colton | 2014 | 11/26/2024 | 5 | 6 | 4,041 | 27,410 | $1.36M | $1.25M | $309 | 0.92 | 163 | 21 |
| Total: 2 · Average | 5.0 | 5.0 | 3,876.5 | 35,485 | $1.13M | $1.13M | $289 | — | 131 | ||||
| Median | 4,041 | $1.25M | $1.25M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.