1500 Corona Avenue, Norco, California 92860, Norco, 92860 - 4 bed, 3 bath
ACTIVE$1,000,000$1,500/sqft
Est. Value: $852,252
-14%
AboveEstimate
1500 Corona Avenue, Norco, California 92860
4Beds
3Baths
1,500Sqft
16,117Lot
Price Vs. Estimate
The estimated value ($852,252.12) is $147,747.88 (14%) lower than the list price ($1,000,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 1500.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1248. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Compared to the nearby listings
Price:$1.00M vs avg $943.0K (+$57,000)65%
Size:1,500 sqft vs avg 2,063 sqft21%
Price/sqft:$667 vs avg $45591%
More Insights
Built in 1964 (62 years old).
Condition: Despite being built in 1964, this property has undergone a comprehensive and recent renovation with over $200,000 in upgrades. The description explicitly states a redesigned main kitchen, updated baths, new flooring, windows, doors, roof, A/C, and lighting. The provided images confirm a modern, virtually new kitchen with contemporary cabinets, countertops, backsplash, and stainless steel appliances, along with new flooring throughout. All major components appear new or recently replaced, meeting current quality standards with no deferred maintenance.
Year Built
1964
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$667
HOA
-
Days on market
-
Sold On
-
MLS number
IG26000607
Home ConditionExcellent
Features
Patio
ViewNeighborhood
About this home
Fully renovated horse property in the heart of Norco with over $200,000 in upgrades. Includes a separate studio with its own kitchen and bath—ideal for guests, office, multigenerational living, or income potential. Redesigned main kitchen, updated baths, new flooring, windows, doors, roof, A/C, lighting, and fresh interior/exterior paint. $35K custom patio, RV access, fruit trees. Located in the Norco school area. Low taxes, no HOA, no Mello-Roos.
E
Eileen Wilcott
Listing Agent
Price History
Date
Event
Price
10/31/23
Sold
$630,000
Condition Rating
Excellent
Despite being built in 1964, this property has undergone a comprehensive and recent renovation with over $200,000 in upgrades. The description explicitly states a redesigned main kitchen, updated baths, new flooring, windows, doors, roof, A/C, and lighting. The provided images confirm a modern, virtually new kitchen with contemporary cabinets, countertops, backsplash, and stainless steel appliances, along with new flooring throughout. All major components appear new or recently replaced, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 1500.
Extensive Renovation & Upgrades: The property boasts over $200,000 in recent upgrades, including a redesigned kitchen, updated baths, new flooring, windows, doors, roof, A/C, lighting, and fresh paint, offering a move-in ready modern living experience.
Versatile Separate Studio Unit: A separate studio with its own kitchen and bath provides exceptional flexibility for guests, a home office, multi-generational living, or potential rental income, significantly enhancing the property's value and appeal.
Financial Advantages: Buyers benefit from low property taxes, no Homeowners Association (HOA) fees, and no Mello-Roos, resulting in lower ongoing ownership costs.
Equestrian Lifestyle Appeal: Marketed as a 'fully renovated horse property' in Norco, it caters to a specific and desirable equestrian lifestyle, appealing to a niche market of horse enthusiasts.
Enhanced Outdoor Living & Utility: Features like a $35,000 custom patio, RV access, and mature fruit trees significantly improve outdoor living, entertainment options, and practical utility for homeowners.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1248. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Significant Price Appreciation: The current list price of $1,000,000 represents a substantial increase from its last sale price of $630,000 in October 2023, which may raise questions about market justification and appraisal value, even with extensive renovations.
Original Construction Age: Despite comprehensive renovations, the property's original build year of 1964 means some underlying structural components or systems not explicitly mentioned as replaced might still be original, potentially leading to future maintenance concerns for some buyers.
Modest Equestrian Lot Size: While designated as a 'horse property,' the 16,117 sqft lot (approximately 0.37 acres) may be considered modest for serious equestrian use, potentially limiting the scope for extensive facilities or multiple horses compared to larger dedicated horse properties in the Norco area.