8087 Schaefer Avenue
Ontario, CA, 91761
$7,840,000
MLS: V1-35872
Beds
3
Baths
1
Sq Ft
1,800
Lot
3.92 ac
Year Built
1941
MLS #
V1-35872
Days on Market
0
Listed
Apr 18, 2026
Description
Sitting on the corner of Grove and Schaefer, this property has a 3+1 bedroom house, 2 car garage. Including a automotive repair garage with 3 repair stalls and several storage units. Property is zoned for agriculture. This property is in the future proposal for the 'Ontario Ranch Master Planned Community'. Great opportunity to build on future approved high density residential land up to 24 units per acre.
Location
Ontario, San Bernardino County, CA 91761
Open on Google Maps ↗Listed by: Julie Alvarez · Century 21 Masters
Payment estimate
$54,760
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $784,000 · Loan: $7,056,000
- Principal & Interest
- $43,353
- Property tax (1.25%)
- $8,167
- Homeowners insurance
- $300
- Mortgage insurance
- $2,940
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Ontario home with as little as 3.5% down using an FHA loan — roughly $274,400 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Ontario, CA 91761 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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