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1215 Palm Avenue, Corona, California 92879, Corona, 92879 - 4 bed, 2 bath

1215 Palm Avenue, Corona, California 92879 home-pic-0
ACTIVE$779,000
1215 Palm Avenue, Corona, California 92879
4Beds
2Baths
1,902Sqft
7,405Lot
Year Built
1950
Close
-
List price
$779K
Original List price
$819K
Price/Sqft
$410
HOA
-
Days on market
-
Sold On
-
MLS number
CV25065205
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 50% below the list price. We found 3 Cons,5 Pros. Rank: price - $779.0K(65th), sqft - 1902(59th), beds - 4(50th), baths - 2(41th).

New Price. Charming 1900 sqft. mid-century single story home with 2 fireplaces located in Historic District neighborhood. Excellent location close to schools, parks, shopping & hospital. Home is beautifully maintained and upgraded inside and out. Recent quality upgrades and improvements include new roof, new paint, new solar, new windows, new blinds, new floors. Private rear yard includes new synthetic grass & decorative pavers. Spacious home with potential use as 3 units (must verify use with city of Corona for ADU). Interior consist of 4 bedrooms 2 baths, 1902 total sqft., 4th bedroom and 2nd bath is a permitted room addition of appx 741 sqft., plus detached 2 car partially converted garage with separate alley access makes this very attractive opportunity for investors or large extended families to live separately on the same property. Very charming treelined neighborhood surrounded by refurbished historical craftsmen homes. A very special property and a must see to appreciate. An outstanding value, wont last. Call today!

Condition Rating
Good
This 1950-built home has undergone significant recent upgrades, including a new roof, solar panels, windows, paint, and flooring, which are major system and cosmetic improvements. While the kitchen and one bathroom feature dated styles and fixtures, they appear well-maintained and functional, making the property move-in ready without immediate renovation needs. The extent of the recent renovations elevates its condition beyond 'Fair', despite some older aesthetic elements.
Pros & Cons

Pros

Extensive Recent Upgrades: The property boasts significant recent improvements including a new roof, paint, solar, windows, blinds, and floors, indicating a well-maintained and modernized home.
ADU/Multi-Unit Potential: Offers strong investment potential or flexible living arrangements due to the possibility of converting the detached garage into an ADU or utilizing the home as three units (subject to city verification).
Prime Historic District Location: Situated in a charming, treelined Historic District neighborhood, providing excellent access to schools, parks, shopping, and a hospital.
Mid-Century Charm with Modern Comforts: Retains the desirable character of a 1950s mid-century home while benefiting from comprehensive modern upgrades and two fireplaces.
Enhanced Outdoor Living: Features a private rear yard with new synthetic grass and decorative pavers, offering a low-maintenance and attractive outdoor space.

Cons

Significant Valuation Discrepancy: The current listing price ($779,000) is substantially higher than the estimated property value ($382,855), potentially indicating overpricing and posing challenges for appraisal or buyer financing.
Age-Related Considerations: As a 1950-built home, despite recent upgrades, potential buyers might have concerns about underlying infrastructure or systems not covered by the recent renovations.
ADU Verification Uncertainty: While ADU potential is a draw, the explicit need for buyer verification with the city introduces an element of uncertainty and potential administrative hurdles.

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