1637 S Belle Avenue, Corona, California 92882, Corona, 92882 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$699,999
1637 S Belle Avenue, Corona, California 92882
3Beds
2Baths
1,546Sqft
7,405Lot
Price Vs. Estimate
The estimated value ($374,527.69) is $325,471.31 (46%) lower than the list price ($699,999). This property may be overpriced.
Key pros and cons
Top 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 = 7405, living area = 1546.
Top Cons:
Condition Requires Investment: Explicitly noted as needing 'TLC,' indicating that significant repairs, updates, or renovations are necessary, adding to the buyer's initial investment.
Compared to the nearby listings
Price:$700.0K vs avg $815.0K ($-115,001)24%
Size:1,546 sqft vs avg 1,920 sqft25%
Price/sqft:$453 vs avg $43062%
More Insights
This property has been on the market for 23 days.
Built in 1963 (62 years old).
Condition: Built in 1963, this property is over 60 years old. The listing explicitly states the 'Home needs some TLC' and the property analysis highlights 'Aging Infrastructure' and 'Condition Requires Investment.' This strongly suggests that major systems (electrical, plumbing, HVAC) are likely outdated and require substantial repairs or rehabilitation. Without interior images, particularly of the kitchen and bathrooms, it's reasonable to infer these areas are original or very dated and would need significant renovation to meet modern standards. The exterior appears maintained but not recently updated, aligning with the need for substantial investment rather than just minor repairs.
Year Built
1963
Close
$705K
List price
$700K
Original List price
$700K
Price/Sqft
$453
HOA
-
Days on market
23 Days
Sold On
2025-04-16
MLS number
IV25064526
Home ConditionPoor
Features
ViewNeighborhood
About this home
Perfect Corona home for the first time buyer or someone looking for their next investment property, Home needs some TLC but is priced to sell. If you always wanted a 3 bedroom 2 bath in Corona, this may be your last chance at this price. Come on by for your tour.
Condition Rating
Poor
Built in 1963, this property is over 60 years old. The listing explicitly states the 'Home needs some TLC' and the property analysis highlights 'Aging Infrastructure' and 'Condition Requires Investment.' This strongly suggests that major systems (electrical, plumbing, HVAC) are likely outdated and require substantial repairs or rehabilitation. Without interior images, particularly of the kitchen and bathrooms, it's reasonable to infer these areas are original or very dated and would need significant renovation to meet modern standards. The exterior appears maintained but not recently updated, aligning with the need for substantial investment rather than just minor 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 = 7405, living area = 1546.
Optimal Layout: Features 3 bedrooms and 2 bathrooms, a highly sought-after configuration for both first-time homebuyers and families.
Substantial Lot Size: A generous 7,405 sqft lot provides significant outdoor space for potential landscaping, expansion, or recreational use.
Rapid Sale & Premium Price: The property sold in just 23 days and above its list price, demonstrating strong market demand and competitive buyer interest.
Investment Opportunity: Explicitly positioned as an ideal investment property, offering potential for value appreciation through renovation and strategic upgrades.
Desirable Location: Situated in Corona within the reputable Corona-Norco Unified School District, enhancing its appeal to families.
Cons
Condition Requires Investment: Explicitly noted as needing 'TLC,' indicating that significant repairs, updates, or renovations are necessary, adding to the buyer's initial investment.
Aging Infrastructure: Built in 1963, the property's age suggests potential for outdated systems (e.g., electrical, plumbing, HVAC) that may require costly upgrades or maintenance in the near future.
Valuation Discrepancy: The automated property estimation is considerably lower than the actual sold price, which, while not deterring buyers in this case, highlights a potential challenge in justifying value without clear evidence of recent improvements or market shifts.