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8743 Festival Street, Chino, California 91708, Chino, 91708 - 4 bed, 4 bath

8743 Festival Street, Chino, California 91708 home-pic-0
ACTIVE UNDER CONTRACT$748,000$1,961/sqft
Est. Value: $720,030
-3%
AboveEstimate
8743 Festival Street, Chino, California 91708
4Beds
4Baths
1,961Sqft
4,999Lot

Price Vs. Estimate

The estimated value ($720,030.275) is $27,969.725 (3%) lower than the list price ($748,000). This property may be overpriced.

Key pros and cons

Top Pros:
Newer Construction & Modern Design: Built in 2018, this home offers modern construction, design, and likely energy efficiency, reducing immediate maintenance concerns for buyers.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4999, other record lot size in square feet = 1653.

Compared to the nearby listings

Price:$748.0K vs avg $847.0K ($-98,992.5)21%
Size:1,961 sqft vs avg 2,436.5 sqft15%
Price/sqft:$381 vs avg $35674%

More Insights

Built in 2018 (8 years old).
Condition: Built in 2018, this home is practically new. The kitchen features modern dark cabinetry, granite countertops, and stainless steel appliances, all in excellent condition. Bathrooms are equally modern with matching dark vanities, white countertops, and contemporary fixtures. The property boasts consistent LVP/laminate flooring throughout, recessed lighting, and a fresh, clean aesthetic with no visible wear or deferred maintenance, aligning perfectly with current quality standards.
Year Built
2018
Close
-
List price
$748K
Original List price
$748K
Price/Sqft
$381
HOA
$241
Days on market
-
Sold On
-
MLS number
TR26000368
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Welcome to this beautifully maintained home nestled in a desirable gated community in Chino Preserve. This stunning 4-bedroom, 4-bathroom home built in 2018, and offers 1,961 sqft of luxurious living space. Enjoy a spacious and elegant layout designed for both relaxation and entertainment. Step into a bright and airy living room with plenty of natural light streaming through large windows. The first floor has a one bedroom and one bathroom, perfect for guests or extended family. The open-concept kitchen, dining, and living areas create an inviting atmosphere, perfect for gatherings and celebrations. Enjoy access to resort-style HOA amenities, including a clubhouse, swimming pools, and fitness centers. With easy access to major freeways for commuting, this house conveniently situated near top-rated schools, shopping, and recreational destinations. Don’t miss this rare opportunity to own a modern home in one of Chino’s most desirable communities!

L
Linfan Jiang
Listing Agent

Nearby schools

7/10
Cal Aero Preserve Academy
Public,•K-8•0.6mi
8/10
Chino Hills High School
Public,•9-12•4.1mi

Price History

Date
Event
Price
09/13/24
Sold
$754,000
03/02/18
Sold
$481,000
Condition Rating
Excellent
Built in 2018, this home is practically new. The kitchen features modern dark cabinetry, granite countertops, and stainless steel appliances, all in excellent condition. Bathrooms are equally modern with matching dark vanities, white countertops, and contemporary fixtures. The property boasts consistent LVP/laminate flooring throughout, recessed lighting, and a fresh, clean aesthetic with no visible wear or deferred maintenance, aligning perfectly with current quality standards.
Pros & Cons

Pros

Newer Construction & Modern Design: Built in 2018, this home offers modern construction, design, and likely energy efficiency, reducing immediate maintenance concerns for buyers.
Gated Community & Resort-Style Amenities: Located in a desirable gated community within Chino Preserve, residents enjoy enhanced security and access to resort-style HOA amenities including a clubhouse, swimming pools, and fitness centers.
Versatile Layout with Downstairs Bedroom: The home features a practical 4-bedroom, 4-bathroom layout, including a convenient first-floor bedroom and bathroom, ideal for guests or multi-generational living.
Open-Concept Living: The spacious and elegant open-concept kitchen, dining, and living areas create an inviting atmosphere perfect for gatherings and entertainment.
Convenient Location & Accessibility: Strategically situated with easy access to major freeways for commuting, and conveniently near top-rated schools (like Cal Aero Preserve Academy), shopping, and recreational destinations.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4999, other record lot size in square feet = 1653.
Significant HOA Fees: The monthly association fee of $241.0 is a notable recurring cost that adds to the overall expense of homeownership.
Compact Lot Size: With a lot size of 4999 sqft, the property offers a relatively compact outdoor space, which may not appeal to buyers desiring a larger yard or more extensive landscaping opportunities.
Standard Neighborhood View: The property offers a 'Neighborhood View,' which, while pleasant, is not a premium or highly sought-after scenic vista, potentially limiting its appeal to buyers prioritizing specific views.
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