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27397 Colt, Corona, California 92883, Corona, 92883 - 4 bed, 2 bath

27397 Colt, Corona, California 92883 home-pic-0
ACTIVE$759,000
27397 Colt, Corona, California 92883
4Beds
2Baths
2,176Sqft
16,553Lot
Year Built
1997
Close
-
List price
$759K
Original List price
$775K
Price/Sqft
$349
HOA
$110
Days on market
-
Sold On
-
MLS number
IG25247373
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 8% below the list price. We found 3 Cons,6 Pros. Rank: price - $759.0K(48th), sqft - 2176(48th), beds - 4(50th), baths - 2(31th).

Qualifies for a $10k forgivable loan program and special financing through House America Financial. Welcome home to this beautiful Horsethief Canyon Ranch home. It features 4 bedrooms and 2 baths with an added room in the garage that is fully insulated with an AC unit. This home has recently been remodeled with a new kitchen, new carpet in common areas, new interior paint in common areas and new exterior paint. The large .38 acre corner lot offers endless possibilities. On top of it all there is NO MELLO ROOS and a LOW TAX RATE. This community also offers a community pool, spa, clubhouse, multiple parks, recreation room, fitness center, little league fields and much more. Homes don't come up for sale in this neighborhood often so don't miss out on this opportunity to make this beautiful home yours. Located Within 10 minutes from Glen Ivy and Toms farms, and if you like boating and fishing it's within 15 minutes from Lake Elsinore, Lake Elsinore outlet stores, Dos Lagos outdoor mall and so much more!!

Nearby schools

6/10
Rice Canyon Elementary School
Public,•K-5•2.5mi
3/10
Machado Elementary School
Public,•K-5•4.2mi
5/10
Luiseno
Public,•K-8•0.6mi
4/10
Terra Cotta Middle School
Public,•6-8•2.8mi
5/10
Lakeside High School
Public,•9-12•4.7mi
6/10
Temescal Canyon High School
Public,•9-12•5.1mi

Price History

Date
Event
Price
12/05/25
Price Change
$759,000-2.1%
11/02/25
Listing
$775,000
03/28/97
Sold
$158,000
Condition Rating
Good
The property, built in 1997, has undergone significant recent renovations, including a new kitchen with modern white cabinets, clean countertops, and stainless steel appliances. Both bathrooms also appear to be recently updated with modern vanities, fixtures, and tile. The listing states new carpet in common areas and new interior/exterior paint, which is supported by the images. While the common areas and wet areas are in excellent, move-in ready condition, some bedrooms still feature older, worn carpeting and somewhat dated ceiling fans. There's also no explicit mention of updated major systems like HVAC or roof for the main house, which would typically be original to a 1997 build. These factors prevent an 'Excellent' rating, but the extensive recent cosmetic updates firmly place it in the 'Good' category, requiring no immediate renovations.
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 = 16553, living area = 2176.
Financial Incentives: Qualifies for a $10k forgivable loan program and special financing, significantly reducing upfront costs and making homeownership more accessible.
Recent Remodel & Updates: The home has been recently remodeled with a new kitchen, new carpet, and fresh interior and exterior paint, offering a move-in ready condition.
Large Corner Lot: A spacious .38-acre corner lot provides ample outdoor space, privacy, and potential for landscaping or future expansion.
Favorable Tax Structure: Benefits from NO MELLO ROOS and a LOW TAX RATE, resulting in lower monthly housing expenses compared to many other California properties.
Extensive Community Amenities: Located within Horsethief Canyon Ranch, offering a community pool, spa, clubhouse, multiple parks, fitness center, and more, enhancing lifestyle and property value.

Cons

Lack of Views: The property description explicitly states 'view: None', which may be a drawback for buyers seeking scenic vistas.
Mixed School Ratings: While some local schools have good ratings, others are rated lower (e.g., Machado Elementary at 3, Terra Cotta Middle at 4), which might concern families prioritizing top-tier public education.
Potential for Older Main House Systems: Built in 1997, and while cosmetic updates are noted, there's no mention of updated major systems (e.g., HVAC, roof) for the main house. The AC unit is only specified for the added garage room, potentially indicating an older or absent central AC system in the primary living areas.

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