3581 Corona, Norco, California 92860, Norco, 92860 - 2 bed, 1 bath
ACTIVE$699,000$908/sqft
Est. Value: $665,807
-4%
AboveEstimate
3581 Corona, Norco, California 92860
2Beds
1Bath
908Sqft
27,443Lot
Price Vs. Estimate
The estimated value ($665,806.575) is $33,193.425 (4%) lower than the list price ($699,000). 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 = 27443, living area = 908.
Top Cons:
Small Main Residence Size: With only 908 sqft, the main home is relatively small (2 beds, 1 bath), which may limit its appeal to buyers needing more living space.
Compared to the nearby listings
Price:$699.0K vs avg $928.5K ($-229,500)13%
Size:908 sqft vs avg 2,063 sqft3%
Price/sqft:$770 vs avg $45595%
More Insights
Built in 1961 (65 years old).
Condition: Built in 1961, this property is explicitly marketed as a 'fixer-upper' requiring 'extensive renovation.' While no interior images are provided, the age of the home and the description strongly indicate that the kitchen, bathroom, and other major systems are original or severely outdated, requiring substantial repairs and rehabilitation to meet modern standards. The exterior image also shows signs of deferred maintenance, consistent with a property in poor condition.
Year Built
1961
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$770
HOA
-
Days on market
-
Sold On
-
MLS number
IG25278614
Home ConditionPoor
Features
Patio
View-
About this home
Fixer-upper opportunity in a prime Norco location. This property offers strong upside for investors or buyers looking to renovate and add value. The detached garage has been converted into an ADU, providing potential for additional income or extended living space (buyer to verify permits and use). Situated in a desirable area of Norco with convenient access to local amenities, schools, and major thoroughfares. Ideal for investors, contractors, or buyers seeking a value-add project.
R
Ruben Hernandez
Listing Agent
Price History
Date
Event
Price
07/10/98
Sold
$138,000
08/24/20
Sold
$525,000
03/10/15
Sold
$399,000
09/12/12
Sold
$225,000
Condition Rating
Poor
Built in 1961, this property is explicitly marketed as a 'fixer-upper' requiring 'extensive renovation.' While no interior images are provided, the age of the home and the description strongly indicate that the kitchen, bathroom, and other major systems are original or severely outdated, requiring substantial repairs and rehabilitation to meet modern standards. The exterior image also shows signs of deferred maintenance, consistent with a property in poor condition.
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 = 27443, living area = 908.
Significant Lot Size: The expansive 27,443 sqft lot offers considerable potential for expansion, outdoor amenities, or equestrian facilities, a key draw in Norco.
ADU Conversion Potential/Existing: The detached garage converted into an ADU presents a valuable opportunity for rental income or multi-generational living, enhancing property utility and value (buyer to verify permits).
Strong Value-Add Opportunity: Marketed as a 'fixer-upper,' this property is ideal for investors or buyers seeking to renovate, customize, and significantly increase equity.
Desirable Norco Location: Situated in a prime Norco area, offering convenient access to local amenities, schools, and major transportation routes, which supports long-term appreciation.
Investment & Appreciation Potential: The property's history of appreciation and its current status as a value-add project make it attractive for investors looking for strong returns.
Cons
Small Main Residence Size: With only 908 sqft, the main home is relatively small (2 beds, 1 bath), which may limit its appeal to buyers needing more living space.
Extensive Renovation Required: Being a 'fixer-upper' built in 1961 implies substantial renovation costs and potential for significant deferred maintenance, requiring a considerable investment of time and money.
ADU Permit Verification: The ADU conversion requires buyer verification of permits, introducing a potential risk or additional cost if the conversion is not fully compliant.