361 Spur, Norco, California 92860, Norco, 92860 - 4 bed, 2 bath
361 Spur
Norco, California 92860
Property Price
SUMMARY
Analysis of 361 Spur, Norco, California 92860 reveals a Fairly Priced Property with a current list price of $2,100,000 aligned with the estimated $2,100,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Norco Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 361 Spur Subject | $2,100,000* List Price | 4 | 2 | 1,984 | $1,058 | - |
A 3563 Pedley Avenue Active | $2,230,000 List Price | 3 | 2 | 1,978 | $1,127 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2000, this property is well-maintained with significant system updates including newer AC, a tankless water heater, and paid-off solar panels, aligning with the 'Good' criteria for major systems. The interior features hardwood floors throughout and an 'open chef’s kitchen' with modern stainless steel double convection ovens and refrigerator. While the kitchen cabinets and some light fixtures (ceiling fans) reflect a style from the early 2000s, they are clean, functional, and do not require immediate renovation. The property is move-in ready, with updates that enhance comfort and efficiency, despite some aesthetic elements showing their age. The 'permits unknown' for the studio conversion is a legal consideration rather than a physical condition of the main residence.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 81893, living area = 1984.
- Exceptional Equestrian Facilities
The property boasts comprehensive and high-quality equestrian amenities, including two fully lit arenas, 25 spacious stalls with a fly-spray system, wash racks with hot water, multiple tack rooms, and ample parking for trailers, making it a dream for horse enthusiasts.
- Expansive Acreage & Privacy
Situated on 1.88 picturesque acres, the property offers significant space, privacy, and a serene country living experience, perfectly complementing the equestrian lifestyle.
CONSRISKS & DEFICIENCIES
- Unpermitted Studio Conversion
The description explicitly states 'permits unknown' for the 450 sq ft garage conversion into a studio apartment, which could pose legal and financial risks for the buyer, potentially requiring costly remediation or legalization.
- Niche Market Appeal
While a significant strength for horse owners, the extensive and specialized equestrian infrastructure narrows the potential buyer pool to a very specific niche, which could impact future resale liquidity and market value for non-equestrian buyers.
- Modest Main Residence Size
At 1,984 sq ft, the main home might be considered modest in size for a 4-bedroom residence on a nearly 2-acre lot, especially given the $2.1 million price point, where some buyers might expect a larger primary dwelling.
About 361 Spur
Experience country living at its finest in an updated 1,984 sq. ft. ranch home on 1.88 picturesque acres. Built in 2001, this inviting residence offers 4 bedrooms, 2 bathrooms, vaulted ceilings, hardwood floors, and elegant lighting. The open chef’s kitchen features double convection ovens and space for entertaining. Enjoy meals in the formal dining room or relax in the family room by the brick fireplace. Enjoy serene views from the country porch or take a dip in the pool. Modern comforts include paid-off solar panels, a tankless water heater, a newer AC, and a versatile garage partially converted into a 450 sq. ft. studio apartment with a full bath and closet—ideal for guests or a ranch hand (permits unknown). For horse lovers, this property is a true dream come true. Imagine riding your horses in the expansive, fully lit 100' x 75' arena with sprinklers, or enjoying the second illuminated 70' x 90' arena, both thoughtfully designed for all riding disciplines. Relax with friends and family in the outdoor covered patio overlooking the arena—a perfect spot to watch the sunset or enjoy quiet mornings with your horses. The facility boasts 22 spacious 16' x 16' stalls with a fly-spray system and aisleway fans, plus three additional 14' x 14' stalls for extra capacity Your horses will enjoy all the thoughtful amenities, including a hay and shaving bay, four cement crossties (two fully covered), a wash rack with hot-water hookups, and a convenient outdoor washing machine. An outdoor bathroom makes time at the barn even more comfortable and convenient. Practicality meets comfort with a large tool shed, 22 tack lockers, and two oversized private tack rooms. There’s ample parking for trailers, RVs, and guests, as well as a private driveway and a secure electric keypad entry gate. Enjoy peace of mind with a comprehensive alarm system and security cameras throughout the property, so you can focus on what truly matters—your horses and your home. This exceptional ranch must be seen in person to truly appreciate its unique blend of comfort, functionality, and charm!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2000
- Lot Size
- 81,893 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,984 | 1,984 | 50% |
| Lot Size | 81,893 | 21,344 | 94% |
| Price | $2.10M | $950.0K | 98% |
| Price per sq ft | $1.1K | $459 | 98% |
| Built year | 2000 | 1973 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 145 | 183 | 35% |
Pricing History
Listed for Sale
Jan 2, 2026
$2,100,000
$2,199,000
-5% Price Drop
Initial Listing
Price Change
Oct 13, 2025
$2,199,000
Initial Listing