1607 Cherokee Road, Corona, California 92883, Corona, 92883 - 7 bed, 6 bath
ACTIVE$2,950,000
1607 Cherokee Road, Corona, California 92883
7Beds
6Baths
4,098Sqft
43,124Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
New Construction / Extensive Remodel: Built in 2024 and described as 'state-of-the-art' and 'fully remodeled,' the property offers modern standards, minimal immediate maintenance, and contemporary living.
Top Cons:
Premium Price Point for Location: The list price of $2.95 million is at the very high end for the Corona market, which may limit the buyer pool and require strong justification for its value compared to surrounding properties.
Compared to the nearby listings
Price:$2.95M vs avg $766.5K (+$2,183,500)100%
Size:4,098 sqft vs avg 2,210 sqft95%
Price/sqft:$720 vs avg $359100%
More Insights
Built in 2024 (1 years old).
Condition: The property is listed with a year built of 2024 and explicitly described as 'state-of-the-art' and 'fully remodeled.' The provided image of the kitchen confirms this, showcasing new stainless steel appliances, modern white shaker cabinets, contemporary countertops, and updated wood-look tile flooring. This indicates a very recent and extensive renovation, meeting current quality standards with virtually new components throughout.
Year Built
2024
Close
-
List price
$2.95M
Original List price
$2.95M
Price/Sqft
$720
HOA
-
Days on market
-
Sold On
-
MLS number
PW25252280
Home ConditionExcellent
Features
Good View: City Lights
Patio
ViewCity Lights
About this home
Welcome to 1607 Cherokee Road in Corona—a true landmark property! This state-of-the-art home has been fully remodeled and meticulously preserved, blending historical charm with modern comforts. The home features an open and airy layout, and the expansive lot is mostly usable. In addition to the main house, which is about 3085 square feet, there’s a charming ADU with two bedrooms and one and a half baths, spanning approximately 1,013 square feet. Plus, it’s conveniently located near the freeway, shopping centers, and the renowned Eagle Glen Golf Course. This property truly offers a unique blend of elegance, history, and modern living!” PARCEL 120-270-008 IS ALSO IN THE PRICE This parcel has PLANS for a main house plus ADU Also, Seller has plans for ADDITIONAL ADU with view all studies are included. soil report, survey structural engineering, and more..... buyers to do their own investigation for the accuracy of information provided.
Price History
Date
Event
Price
05/03/01
Sold
$340,000
06/02/22
Sold
$1,050,000
06/12/17
Sold
$585,000
Condition Rating
Excellent
The property is listed with a year built of 2024 and explicitly described as 'state-of-the-art' and 'fully remodeled.' The provided image of the kitchen confirms this, showcasing new stainless steel appliances, modern white shaker cabinets, contemporary countertops, and updated wood-look tile flooring. This indicates a very recent and extensive renovation, meeting current quality standards with virtually new components throughout.
Pros & Cons
Pros
New Construction / Extensive Remodel: Built in 2024 and described as 'state-of-the-art' and 'fully remodeled,' the property offers modern standards, minimal immediate maintenance, and contemporary living.
Income / Multi-Generational Potential: Includes a charming 2-bedroom, 1.5-bath ADU (Accessory Dwelling Unit) spanning approximately 1,013 sqft, providing excellent potential for rental income, guest accommodation, or multi-generational living.
Significant Development Opportunity: The sale includes an additional parcel (120-270-008) with approved plans for a main house plus ADU, and further plans for an additional ADU on the existing parcel, offering substantial future value and investment potential.
Expansive & Usable Lot: Situated on a large, mostly usable lot of 43,124 sqft, providing ample space for outdoor activities, privacy, and potential for further landscaping or enhancements.
Convenient Location & Views: Conveniently located near the freeway, shopping centers, and the renowned Eagle Glen Golf Course, complemented by desirable city lights views.
Cons
Premium Price Point for Location: The list price of $2.95 million is at the very high end for the Corona market, which may limit the buyer pool and require strong justification for its value compared to surrounding properties.
Additional Investment for Full Potential: While offering significant development opportunities, realizing the full value of the additional parcel and ADU plans will necessitate substantial further financial investment, time, and project management from the buyer.
Limited Immediate Turnkey Luxury Amenities: Despite being 'state-of-the-art' and extensively remodeled, the description does not explicitly detail specific high-end luxury amenities (e.g., smart home systems, elaborate landscaping, pool) that might be expected at this premium price point, especially given the large lot.