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11318 Chinaberry Street, Corona, California 92883, Corona, 92883 - 5 bed, 5 bath

11318 Chinaberry Street, Corona, California 92883 home-pic-0
ACTIVE$758,900
11318 Chinaberry Street, Corona, California 92883
5Beds
5Baths
3,268Sqft
6,970Lot

Price Vs. Estimate

The estimated value ($641,633.26) is $117,266.74 (15%) lower than the list price ($758,900). This property may be overpriced.

Key pros and cons

Top Pros:
Financial Incentives: The property qualifies for over thirty downpayment assistance programs and offers a temporary interest rate buydown, significantly enhancing affordability for potential buyers.
Top Cons:
Significant Price Discrepancy: The current listing price of $758,900 is considerably higher than the estimated property value of $641,633.26, suggesting potential overvaluation or a need for strong justification.

Compared to the nearby listings

Price:$758.9K vs avg $765.2K ($-6,350)48%
Size:3,268 sqft vs avg 2,210 sqft87%
Price/sqft:$232 vs avg $3594%

More Insights

Built in 2004 (21 years old).
Condition: The property was built in 2004, making it 20 years old. While well-maintained and featuring a beneficial solar system, the interior aesthetics, particularly the kitchen and bathrooms, show signs of being outdated. The kitchen has dark wood cabinets and granite countertops typical of its build era, and the appliances appear to be original or older replacements. The bathrooms feature carpet flooring, which is an outdated and generally undesirable feature, along with fixtures and vanities consistent with the original construction. Although functional and move-in ready, the property requires minor cosmetic updates to the kitchen and bathrooms to align with current styles and preferences.
Year Built
2004
Close
-
List price
$759K
Original List price
$705K
Price/Sqft
$232
HOA
$85
Days on market
-
Sold On
-
MLS number
OC25116228
Home ConditionFair
Features
View-

About this home

5 bedrooms, 4.5 bathrooms. This home qualifies for over thirty downpayment assistance programs. In addition this home is eligible for a temporary Buydown which would lower the buyers locked in interest rate by 2% for the first 12 months and 1% the subsequent 12 months. Tucked away in the serene Sycamore Canyon neighborhood of Corona, CA, 11318 Chinaberry St. is a gem waiting to be discovered by the astute homebuyer. This expansive home features 5 elegantly designed bedrooms, 4.5 contemporary bathrooms, and is perfectly situated on a large cul-de-sac type lot, providing plenty of room for both indoor and outdoor family activities and entertainment. The added convenience of being just a stone's throw away from the freeway simplifies your daily commute, while the benefit of an already installed and fully paid solar system offers significant energy savings. With an attractive price tag, this property stands out as an ideal choice for those prioritizing comfort, ease of access, and eco-friendliness. Seize the opportunity to call 11318 Chinaberry St. your forever home. The layout includes a downstairs bedroom with a full bathroom, a main suite upstairs with a full ensuite and very large walk-in closet, plus three additional bedrooms upstairs. Two sharing a Jack and Jill bathroom. The convenience of upstairs laundry, the efficiency of solar-powered AC, a spacious kitchen with a large island, and a dining area make this home a must-see. Seller says great amenities. Gym, 1 pool, 1 lap pool, splash pad, and club house. buyer to confirm the amenities.

Nearby schools

7/10
Ronald Reagan Elementary
Public,•K-6•14.9mi
7/10
Todd Elementary
Public,•K-8•0.5mi
5/10
Luiseno
Public,•K-8•3.0mi
7/10
El Cerrito Middle School
Public,•6-8•6.7mi
6/10
Temescal Canyon High School
Public,•9-12•7.5mi
8/10
Centennial High School
Public,•9-12•8.5mi
Condition Rating
Fair
The property was built in 2004, making it 20 years old. While well-maintained and featuring a beneficial solar system, the interior aesthetics, particularly the kitchen and bathrooms, show signs of being outdated. The kitchen has dark wood cabinets and granite countertops typical of its build era, and the appliances appear to be original or older replacements. The bathrooms feature carpet flooring, which is an outdated and generally undesirable feature, along with fixtures and vanities consistent with the original construction. Although functional and move-in ready, the property requires minor cosmetic updates to the kitchen and bathrooms to align with current styles and preferences.
Pros & Cons

Pros

Financial Incentives: The property qualifies for over thirty downpayment assistance programs and offers a temporary interest rate buydown, significantly enhancing affordability for potential buyers.
Energy Efficiency: Equipped with a fully paid solar system and solar-powered AC, providing substantial long-term energy savings and environmental benefits.
Spacious & Versatile Layout: Features 5 bedrooms and 4.5 bathrooms, including a convenient downstairs bedroom with a full bath, a large primary suite, and an upstairs laundry, catering to diverse family needs.
Desirable Lot & Location: Situated on a large cul-de-sac type lot, offering increased privacy and space, with easy access to the freeway for simplified commuting.
Community Amenities: Access to a gym, multiple pools (including a lap pool and splash pad), and a clubhouse provides a resort-like lifestyle within the Sycamore Creek community.

Cons

Significant Price Discrepancy: The current listing price of $758,900 is considerably higher than the estimated property value of $641,633.26, suggesting potential overvaluation or a need for strong justification.
Property Age & Potential for Updates: Built in 2004, the home is 20 years old, which may imply a need for future updates or maintenance compared to newer constructions in the area.
Unconfirmed Amenities: The listing explicitly states that community amenities (gym, pools, clubhouse) require buyer confirmation, introducing an element of uncertainty for prospective purchasers.

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