FHA 203(k)
- Finance the purchase and approved renovations together
- One mortgage, one monthly payment
- Create the home you actually want
- Control renovation priorities and timing
Four bedrooms. Two baths. 1,770 square feet, all on one story. Out of 171 homes that sold in San Dimas over the past year, only 9 looked like this one — and none of them were priced here.
≈ $451 / sq ft · 7,410 sq ft lot · Built 1959 · Single Family Residence
A one-story single family residence on a quiet San Dimas street, built in 1959 and held for decades. Four real bedrooms, two baths, and 1,770 square feet of single-level living on a 7,410 square foot lot with a wide driveway and an attached two-car garage.
It has not been remodeled — and that is exactly the point. The price reflects the work, which means the next owner gets to choose the finishes, control the timeline, and build equity as the improvements happen instead of paying a premium for someone else's design choices.
We pulled every closed single family sale in San Dimas over the last 12 months and filtered for one thing: homes that look like this one. This is an inventory picture, not a valuation — and it shows how short the supply really is.
Every closed single family residence sale in San Dimas over the past 12 months — just over 14 homes per month across the entire city.
4 bedrooms and 2 bathrooms and 1,750+ square feet and a one-story layout. Nine homes. In an entire year.
Roughly one matching home every six weeks. If you need this floor plan in this city, you are competing for a very short list.
The nine homes that matched this profile over the past 12 months carried a median price of $1,071,500. That number is here to show how thin and how sought-after this slice of San Dimas inventory is.
It is not a valuation of 514 N Balton Ave and is not presented as a sales comparison or appraisal. Homes differ in condition, upgrades, lot and location. A licensed appraiser or a full comparative market analysis is the appropriate tool for determining value.
Source: California Regional MLS (CRMLS). San Dimas closed single family residence sales, July 27, 2025 – July 27, 2026. Matching set = 9 one-story homes, 4 bed / 2 bath, 1,750+ sq ft. Market data as of July 27, 2026. Data deemed reliable but not guaranteed.
The price is only half the story. The other half is how you pay for it — and there are four programs that, for eligible buyers, can reduce what you need up front and let you finance the renovation right alongside the purchase.
Most buyers walk away from a home that needs work because they cannot fund the purchase and the remodel. The FHA 203(k) exists for exactly this situation: it wraps the purchase price and approved renovation costs into a single mortgage with one monthly payment.
Available to eligible buyers — not limited to first-time buyers. Subject to lender approval and FHA program requirements.
These programs can help reduce the upfront cost of homeownership and make this rare San Dimas opportunity a reality.
*All programs are subject to eligibility requirements, funding availability, lender approval and program guidelines.
The Welcome Home Grant is offered by RBC U.S. Mortgage in select markets. CalHFA Dream For All income limits vary by county — see
calhfa.ca.gov for current limits.
Contact a participating lender for full program details and current availability.
Four kinds of buyers tend to see this property very differently than everyone else does.
Maybe San Dimas felt out of reach.
You need more space — not someone else's finishes.
You want to stay in the community you love.
You see potential where others see work.
Very rare. Of the 171 single family homes that sold in San Dimas between July 27, 2025 and July 27, 2026, only 9 matched all four criteria — 4 bedrooms, 2 bathrooms, 1,750 or more square feet, and a one-story layout. That is 5.3% of all San Dimas single family sales, or roughly one matching home every six weeks.
It is listed at $799,000 — approximately $451 per square foot for 1,770 square feet.
For inventory context, the 9 San Dimas homes that matched this profile over the past 12 months carried a median price of $1,071,500. That median is included to show how scarce this type of home is — it is not a valuation or appraisal of this property.
Eligible buyers may be able to use an FHA 203(k) purchase and renovation loan, which finances the purchase price and approved renovation costs together in a single mortgage with one monthly payment. The 203(k) program is not limited to first-time buyers. Eligibility is subject to lender approval and FHA program requirements — talk to a participating lender to confirm.
Depending on eligibility, buyers may be able to combine financing with:
Welcome Home Grant — up to $20,000 toward down payment, closing costs or rate buydown; down payments as low as 3%; no mortgage insurance required; 660 minimum credit score.
CalHFA and local down payment assistance — availability varies by county and city.
CalHFA Dream For All Shared Appreciation Loan — up to 20% for down payment or closing costs, not to exceed $150,000, awarded by voucher through a randomized drawing (not first come, first served).
All programs are subject to eligibility requirements, funding availability, lender approval and program guidelines.
514 N Balton Ave is a 1,770 square foot one-story single family residence built in 1959, on a 7,410 square foot lot in San Dimas, California 91773, with 4 bedrooms and 2 bathrooms.
The price reflects the home's condition. It is best suited to a buyer who would rather renovate and personalize than pay a premium for someone else's finished remodel. That entry price is the opportunity — you control the renovation priorities and timing, and you build equity as improvements are completed. An FHA 203(k) loan can finance the purchase and the approved renovations together.
Call or text Matt Verdi at (909) 485-4113, or email info@mattverdi.com. Matt is a California REALTOR®, DRE #01905394, serving San Dimas and the surrounding San Gabriel Valley.
Nine homes like this sold in the past year. This one is on the market right now, under $800,000, with financing pathways built for buyers exactly like you. Let's walk it together.