778 La Cumbre Street, Corona, California 92879, Corona, 92879 - 3 bed, 3 bath
ACTIVE$684,900
778 La Cumbre Street, Corona, California 92879
3Beds
3Baths
1,557Sqft
10,890Lot
Year Built
1988
Close
-
List price
$685K
Original List price
$700K
Price/Sqft
$440
HOA
-
Days on market
-
Sold On
-
MLS number
SR25088433
Home ConditionFair
Features
ViewNeighborhood
About this home
Possibly Over-Priced:The estimated price is 55% below the list price. We found 3 Cons,6 Pros. Rank: price - $684.9K(29th), sqft - 1557(32th), beds - 3(41th), baths - 3(50th).
EXCELLENT FAMILY HOIME. SELLER COMPLETEING A SERIES OF REPAIRS., PRICED TO SELL!
Condition Rating
Fair
The property was built in 1988, making it 36 years old. The single image provided reveals a kitchen with dated light wood cabinets, white laminate countertops, and older white appliances (oven/microwave combo, dishwasher). While the kitchen appears clean and functional, its style is clearly outdated and would require significant updates to meet current aesthetic standards. The description mentions 'seller completing a series of repairs,' which suggests ongoing maintenance, but there's no indication of a recent, extensive renovation that would modernize the kitchen or bathrooms. This aligns with the 'fair' category, indicating an aged but maintained home where major components are functional but show signs of being outdated and require minor updates or repairs.
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 = 10890, living area = 1557.
Generous Lot Size: The property features a substantial 10,890 sqft lot, providing ample outdoor space and potential for landscaping or future expansion, which is a notable advantage compared to many local comparables.
Proactive Seller Repairs: The seller is actively completing a series of repairs, demonstrating a commitment to delivering a well-maintained home and potentially minimizing immediate post-purchase expenses for the buyer.
Competitive Price Point: With a recent price reduction to $684,900 and being 'Priced to Sell!', the property offers an attractive entry point, especially when considering a similar nearby property sold for $690,000 with a smaller lot.
Favorable Bed-to-Bath Ratio: The home offers 3 bedrooms and 3 bathrooms, providing a desirable full bathroom for each bedroom, which enhances convenience and appeal for families or shared living arrangements.
Established Family Neighborhood: Marketed as an 'excellent family home' in Corona, the property is situated in an established area, suggesting a stable and family-friendly environment with a pleasant neighborhood view.
Cons
Significant Valuation Discrepancy: The provided property estimation of $307,081.525 is substantially lower than the list price, which could raise questions about market value and potentially impact financing or buyer confidence.
Age of Property: Built in 1988, the home is 36 years old, indicating that some major systems or aesthetic elements may be original and could require updates or maintenance beyond the seller's current repairs to meet modern standards.
Unspecified Repair Details: While repairs are ongoing, the lack of specific information regarding the nature and extent of these 'series of repairs' may create uncertainty for potential buyers about the home's overall condition post-completion.