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1528 4th Street, Norco, California 92860, Norco, 92860 - 3 bed, 2 bath

1528 4th Street, Norco, California 92860 home-pic-0
ACTIVE$664,500
1528 4th Street, Norco, California 92860
3Beds
2Baths
1,354Sqft
8,276.4Lot
Year Built
1961
Close
-
List price
$665K
Original List price
$690K
Price/Sqft
$491
HOA
-
Days on market
-
Sold On
-
MLS number
IV25053290
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 40% below the list price. We found 3 Cons,6 Pros. Rank: price - $664.5K(11th), sqft - 1354(17th), beds - 3(49th), baths - 2(50th).

Welcome to Horsetown USA . Check out this beautiful Norco home . This home offers a spacious floor plan consisting of 3beds and 2baths , including a 4th bonus room conversion with dual access from the interior/exterior of the home. Enjoy a spacious master bedroom that offers a cozy fireplace . The homes curb appeal welcomes you with a large direct access gate for all toys , so you easily park your RV or Boat on this one of a kind lot. This property is located in the heart of Norco , with major shopping centers near by , easy freeway access and a low maintenance property . Ingalls Park Equestrian Center, Hidden Valley Wildlife Preserve and the best horseback riding trails are all close by. You must see this property to appreciate its hurry fast because it will not last long.

Condition Rating
Fair
The property, built in 1961, shows signs of regular maintenance but lacks significant modern updates, particularly in the kitchen. The kitchen features outdated tiled countertops and older style cabinets with dark trim, and while some appliances appear newer, the overall aesthetic is dated. The flooring appears to be a more recent laminate/LVP update. The description and images do not indicate recent extensive renovations (within 5-15 years) to major areas like the kitchen and bathrooms, and the property analysis notes a 'Potential Lack of Modern Updates/HVAC'. It is functional and livable but requires minor updates to bring it to current quality and style standards.
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 = 8276, living area = 1354.
Equestrian-Friendly Location: Located in 'Horsetown USA,' the property offers direct access to Norco's famous horse trails and is minutes from Ingalls Park Equestrian Center and Hidden Valley Wildlife Preserve, appealing to equestrian enthusiasts.
Versatile Bonus Room: Includes a 4th bonus room conversion with dual interior and exterior access, providing flexible space for various uses such as an office, guest suite, or hobby room.
Ample RV/Boat Parking & Large Lot: Features a large direct access gate and sufficient space on its 8,276.4 sqft lot for RV or boat parking, a significant advantage for owners of recreational vehicles.
Convenient Norco Location: Situated in the heart of Norco, offering proximity to major shopping centers and easy freeway access, blending rural charm with urban convenience.
Desirable Interior Features & Views: The property boasts mountain views and a spacious master bedroom with a cozy fireplace, adding comfort and aesthetic appeal.

Cons

Significant Valuation Discrepancy: The current listing price of $664,500 is substantially higher than the estimated property value of $396,886.95, indicating a potential overpricing issue or a significant gap in market perception.
Potential Lack of Modern Updates/HVAC: Built in 1961, the description does not mention a cooling system, which is a notable drawback in California's climate, nor does it highlight recent major updates (kitchen, baths, windows) that are present in comparable sold properties, suggesting potential deferred maintenance.
Recent Price Reduction: The property has already undergone a price reduction from its original list price of $690,000 to $664,500, which could signal initial overpricing or challenges in attracting buyer interest.

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