5062 Taft Street, Chino, California 91710, Chino, 91710 - 5 bed, 3 bath
5062 Taft Street
Chino, California 91710
Property Price
SUMMARY
Analysis of 5062 Taft Street, Chino, California 91710 reveals a property with a current list price of $850,000, which is 46% above the estimated $456,103 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Chino 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 |
|---|---|---|---|---|---|---|
★ 5062 Taft Street Subject | $850,000* List Price | 5 | 3 | 1,280 | $356 | - |
A 12152 Crystal Avenue Sold | $770,000 | 4 | 2 | 1,396 | $552 | 0.6 mi |
B 12072 Carlisle Avenue Sold | $735,000 | 3 | 2 | 1,288 | $571 | 0.5 mi |
C 5061 Chesapeake Street Sold | $762,000 | 3 | 2 | 1,488 | $512 | 0.2 mi |
D 12435 Baca Avenue Sold | $700,000 | 3 | 2 | 1,323 | $529 | 0.9 mi |
E 4887 Philadelphia Street Active | $795,000 List Price | 4 | 2 | 1,396 | $569 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
While the interior boasts a 'fully remodeled' modern kitchen with sleek cabinets, stone countertops, and LED lighting, along with updated tiled bathrooms and new flooring throughout, the property's overall condition is significantly impacted by several factors. Built in 1975, the home is older. More critically, the listing explicitly mentions an 'unpermitted large storage shed with foundation and electrical' and a 'potential for unpermitted living space/square footage discrepancy' due to the low square footage for 5 beds/3 baths and garage modifications. These are substantial legal and financial liabilities that require more than minor updates or repairs. Additionally, the exterior landscaping appears neglected, and the leased solar panels represent an ongoing financial commitment. Therefore, despite the appealing interior renovations, the unpermitted structures and other issues prevent it from achieving a 'Good' rating, placing it in the 'Fair' category due to the need for significant remediation beyond cosmetic fixes.
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 = 7150, living area = 1280.
- Extensively Remodeled & Move-in Ready
The property has been 'fully remodeled' with modern finishes throughout, including the kitchen and bathrooms, making it attractive for immediate occupancy without requiring further updates.
- High Bedroom & Bathroom Count
With 5 bedrooms and 3 full bathrooms, including two large bedrooms with their own private full baths, the home offers significant flexibility and ample accommodation for larger families or multi-generational living.
CONSRISKS & DEFICIENCIES
- Unpermitted Structures
The presence of an 'Unpermitted large storage shed with foundation and electrical' could lead to legal, insurance, or financing complications, and may require the buyer to address permitting issues post-purchase.
- Leased Solar Panels
The 'Leased Solar panels' typically involve assuming a monthly payment or a buyout, which adds to the buyer's ongoing expenses and can complicate the financing process.
- Potential for Unpermitted Living Space / Square Footage Discrepancy
The listed 1280 sqft for a 5-bedroom, 3-bathroom home is unusually small, especially with mentions of 'large bedrooms' and 'attached garage with some interior modification,' suggesting potential unpermitted additions or conversions that may not be reflected in official records, impacting appraisal and future resale.
About 5062 Taft Street
Welcome to this 5-bedroom, 3-full bathroom home in the vibrant city of Chino! Fully remodeled and move-in ready, this property features tile flooring throughout, a modern open concept kitchen with sleek countertops, large island with stone type countertop, newer sleek cabinets, LED lights. Tiled updated bathrooms. 2 of the 5 bedrooms are large bedrooms with their own full baths, wood flooring in the bedrooms. Walk in closets. Walk-In tub. This property sits on a large 7,000+ square foot lot, with a large and spacious backyard, covered patio, perfect for entertaining, a long cemented path leading to the back yard, with plenty of parking and endless potential. Upgraded wrought iron side gates. Attached garage with some interior modification. Leased Solar panels. Upgraded electric tankless water heater. Unpermitted large storage shed with foundation and electrical. Spacious front yard. Prime location—close to freeways, shopping centers and walking distance to the park ensures convenience.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1975
- Lot Size
- 7,150 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 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 | 5.0 | 4.0 | 89% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,280 | 1,766 | 17% |
| Lot Size | 7,150 | 7,104 | 50% |
| Price | $850.0K | $790.0K | 64% |
| Price per sq ft | $664 | $449 | 97% |
| Built year | 1975 | 1984 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 249 | 170 | 90% |
Pricing History
No pricing history data available.