9383 Stone Canyon Road, Corona, California 92883, Corona, 92883 - 3 bed, 3 bath
ACTIVE$399,999$1,450/sqft
9383 Stone Canyon Road, Corona, California 92883
3Beds
3Baths
1,450Sqft
5,663Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Temescal Valley Elementary School (9/10).
Top Cons:
Extensive Renovation Required: The property 'requires a lot of TLC' and is 'Sold as Is!', indicating a need for significant investment in repairs, upgrades, and modernization.
Compared to the nearby listings
Price:$400.0K vs avg $752.5K ($-352,501)0%
Size:1,450 sqft vs avg 2,176 sqft13%
Price/sqft:$276 vs avg $3578%
More Insights
Built in 1986 (40 years old).
Condition: Built in 1986, this property is in a state of significant disrepair and neglect, explicitly stated as requiring 'a lot of TLC' and being sold 'as is.' The kitchen features original, worn cabinets, old appliances, and dated flooring. Bathrooms are extremely outdated, dirty, and show extensive wear, indicating a need for complete renovation. The carpeting is stained and worn throughout. This property requires substantial repairs and rehabilitation, aligning with the 'Poor' condition criteria.
Year Built
1986
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$276
HOA
$80
Days on market
-
Sold On
-
MLS number
CV25279187
Home ConditionPoor
Features
Good View: Meadow
ViewMeadow
About this home
This property in Corona, California offers a great opportunity for investors. It’s features three bedrooms and 2.5 baths, situated in a beautiful community California Meadows. As a short sale, it requires a lot of TLC. The backyard provides an incredible view, with the added benefit that no construction will ever occur behind the property, ensuring privacy and a serene environment. This could be an investor’s dream, with the potential to restore and enhance the property. Property Sold as Is! BANK MUST APPROVE! CASH ONLY!
L
Lisa Dillard-Jarman
Listing Agent
Nearby schools
9/10
Temescal Valley Elementary School
Public,•K-6•0.3mi
7/10
Ronald Reagan Elementary
Public,•K-6•12.2mi
7/10
El Cerrito Middle School
Public,•6-8•3.9mi
8/10
Centennial High School
Public,•9-12•5.8mi
Condition Rating
Poor
Built in 1986, this property is in a state of significant disrepair and neglect, explicitly stated as requiring 'a lot of TLC' and being sold 'as is.' The kitchen features original, worn cabinets, old appliances, and dated flooring. Bathrooms are extremely outdated, dirty, and show extensive wear, indicating a need for complete renovation. The carpeting is stained and worn throughout. This property requires substantial repairs and rehabilitation, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Temescal Valley Elementary School (9/10).
Investment Potential: Explicitly marketed as a 'great opportunity for investors' and an 'investor’s dream' with significant potential to restore and enhance the property's value.
Unobstructed Views & Privacy: The backyard offers an incredible view with the unique benefit of no future construction behind, ensuring permanent privacy and a serene environment.
Desirable Community Location: Situated in the 'beautiful community California Meadows' within Temescal Valley, offering a pleasant living environment.
Attractive Price Point: Listed at $399,999, this property presents a compelling entry point for investors looking to capitalize on a value-add opportunity in Corona.
Good School Access: The property benefits from proximity to highly-rated public schools, including Temescal Valley Elementary (rating 9) and Centennial High (rating 8).
Cons
Extensive Renovation Required: The property 'requires a lot of TLC' and is 'Sold as Is!', indicating a need for significant investment in repairs, upgrades, and modernization.
Cash Only Transaction: The 'CASH ONLY!' requirement severely limits the potential buyer pool, excluding those who rely on traditional financing.
Complex Short Sale Process: As a 'short sale' that 'BANK MUST APPROVE!', the transaction is likely to involve a prolonged and potentially uncertain closing timeline due to lender negotiations.