16071 Tanzinite Lane, Chino, California 91708, Chino, 91708 - 3 bed, 3 bath

16071 Tanzinite Lane, Chino, California 91708 home-pic-0
ACTIVE$848,000
16071 Tanzinite Lane, Chino, California 91708
3Beds
3Baths
2,096Sqft
1,000Lot

Price Vs. Estimate

The estimated value ($791,574.685) is $56,425.315 (6%) lower than the list price ($848,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Model Home: Built in 2022 and offered as a 'Model Home,' ensuring modern design, high-quality finishes, and move-in readiness.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1000, living area = 2096.

Compared to the nearby listings

Price:$848.0K vs avg $840.0K (+$8,000)52%
Size:2,096 sqft vs avg 2,435 sqft28%
Price/sqft:$405 vs avg $36486%

More Insights

Built in 2022 (3 years old).
Condition: This property was built in 2022, making it virtually new. It is described as a 'Model Home' with upgraded LVP flooring, lighting, hardware, and includes all new Whirlpool appliances (fridge, washer, dryer). The images confirm a modern, pristine condition throughout, especially in the master bathroom which features contemporary fixtures, a separate shower, and a soaking tub. The paid-off solar system further enhances its modern appeal and efficiency. All components meet current quality standards with no signs of wear or deferred maintenance.
Year Built
2022
Close
-
List price
$848K
Original List price
$898K
Price/Sqft
$405
HOA
$187
Days on market
-
Sold On
-
MLS number
AR25055068
Home ConditionExcellent
Features
Good View: Courtyard, Park/Greenbelt
Patio
ViewCourtyard, Park/Greenbelt

About this home

Buy this Model Home! 2 car driveway, 2 car garage, spacious backyard. Entry has high ceilings. Spacious office/den on the first floor, easily double as a 4th bedroom. 3 bedrooms upstairs. Kitchen island, open floor plan. Upgraded LVP downstairs, Lighting, Hardware all whirlpool appliances included, included fridge, washer and dryer, SOLAR PAID OFF. Community offer pool, basketball court, BBQ, hot tub, playground and more. Easy access to 71, 91 & 60 freeways. New shopping town center less than 1 mile away.

Condition Rating
Excellent

This property was built in 2022, making it virtually new. It is described as a 'Model Home' with upgraded LVP flooring, lighting, hardware, and includes all new Whirlpool appliances (fridge, washer, dryer). The images confirm a modern, pristine condition throughout, especially in the master bathroom which features contemporary fixtures, a separate shower, and a soaking tub. The paid-off solar system further enhances its modern appeal and efficiency. All components meet current quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

New Construction & Model Home: Built in 2022 and offered as a 'Model Home,' ensuring modern design, high-quality finishes, and move-in readiness.
Paid-Off Solar System: The property includes a fully paid-off solar system, providing significant long-term energy cost savings and enhancing its eco-friendly appeal.
Comprehensive Inclusions & Upgrades: Features upgraded LVP flooring, lighting, hardware, and includes all Whirlpool appliances (fridge, washer, dryer), offering exceptional value and convenience.
Extensive Community Amenities: Residents benefit from a wide array of community facilities including a pool, basketball court, BBQ areas, hot tub, and playground, fostering a resort-like lifestyle.
Strategic Location & Accessibility: Offers convenient access to major freeways (71, 91, 60) and is less than a mile from a new shopping town center, enhancing daily convenience.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1000, living area = 2096.
Limited Lot Size: The property sits on a small 1000 sqft lot, which may restrict outdoor living space and appeal to buyers seeking larger yards.
Potential Overpricing: Listed at $848,000, the property is 6% above its estimated market value of approximately $791,575, potentially impacting buyer interest and negotiation.
Recurring Association Fees: A monthly HOA fee of $187.0 adds to the ongoing cost of ownership, which should be factored into a buyer's budget.

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