716 W Grand Blvd, Corona, CA 92882
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1 COMPARATIVE MARKET ANALYSIS 716 W Grand Blvd, Corona, CA PREPARED FOR Patricia Otteson FEBRUARY 25, 2016
2 WHAT IS A CMA? INTRO No two homes are identical, which is why choosing a sales price or offer price for a home can be challenging. That s where the comparable market analysis, or CMA, can be useful. What is a CMA? The CMA is a side-by-side comparison of homes for sale and homes that have recently sold in the same neighborhood and price range. This information is further sorted by data fields such as single-family or condo, number of bedrooms, number of baths, zip codes, and many other factors. Its purpose is to show fair market value, based on what other buyers and sellers have determined through past sales, pending sales and homes recently put on the market. How is the CMA created? CMAs are generated by a computer program supplied by your real estate agent s multiple listing service (MLS). The MLS is available to licensed members only, including brokers, salespeople, and appraisers, who pay dues to gain access to the service s public and proprietary data, including tax roll information, sold transactions, and listings input by all cooperating MLS members. Listing agents generate CMAs for their sellers, and buyer s agents create them for their buyers so both sides know what current market conditions are for the homes they re interested in comparing. How accurate are CMAs? The CMA is a here-and-now snapshot of the market, based on the most recent data available, but it can instantly be rendered obsolete by a new listing, or a change of status in a home with the same criteria. Why? The market is constantly changing new listings, pending sales, closed sales, price reductions, and expired listings. CMAs can vary widely, depending on the knowledge and skill of the person inputting the search parameters to the software as well as the number and type of data fields that are chosen. That means some features may not be included. As informative as the CMA is, it should only be used as a tool and should not substitute for your real estate professional s knowledge and advice.
3 CONTACT ME INTRO Patricia Castro Alticore Realty Address Perris Blvd suite 203 Mobile CalBRE# Download this report (PDF) What is this bar code? This QR code makes it easy for you to download this report to your smart phone. 1. Make sure your phone can scan a QR code with its camera. If you don't already have one, you can try on your phone's browser to download an app, or do a Google search for the model of your phone along with the term "QR reader". 2. Now use that app to scan the QR code above.
4 MAP OF ALL LISTINGS INTRO MLS # Status Address Price 0 Subject 716 W Grand Blvd, Corona, CA IG S 623 South Merrill Street $370,000 2 IG S 820 South Merrill Street $399,000 3 IG S 908 West Kendall Street $395,000 4 OC P 119 School Street $365,000 5 IG B 847 West 7th Street $384,900 6 IG A 915 West 7th Street $388,000 Status: S = Closed Sale, P = Pending Sale, B = Backup Offer, A = Active
5 MLS #IG S 623 South Merrill Street, Corona $370,000 MLS#: IG Beds: 3 Sq Ft: 1,606 Sold Date: 10/30/15 Status: Closed Sale Baths: 2.00 Year Built: 1893 DOM: 70 Lotsize: 5227 Style: Victorian Cooling: Central, Energy Star, High Efficiency Heating: Central Furnace, Energy Star, High Efficiency Utilities: Electricity - Available, Natural Gas, Water Meter on Property View: Neighborhood Pool: None Spa: None Patio: Brick Stories: Two Level Community: Sidewalks, Street Lighting Attached: Detached Exterior: Satellite Dish Interior: Bathtub, Built-Ins, Ceiling Fan, Copper Plumbing Full, Crown Moldings, High Ceilings (9 Feet+), Pantry, Pull Down Stairs to Attic, Remodeled Kitchen, Shower, Storage Space One of Corona's best showpiece properties is now for sale! Simply spectacular and rarely available two story living at its finest! One of only a few prestigious historical homes in the city! This masterpiece will inspire throughout with its quality construction, gorgeous architectural finishes and breathtaking grounds. With an over 1,600 square foot floor plan offering a brilliant foyer entry, formal living room and elegant dining room with high ceilings, downstairs office/den, victorian inspired architecture and design elements, custom paint and carpeting, original redwood plank floors, completely remodeled gourmet kitchen with Silestone countertops, maple cabinets and stainless steel appliances, original crown molding, baseboards and raised panel/pocket doors, new energy efficient air conditioning/heating unit, updated copper plumbing, wiring and tankless water heater. The list...
6 MLS #IG S 820 South Merrill Street, Corona $399,000 MLS#: IG Beds: 4 Sq Ft: 1,768 Sold Date: 1/21/16 Status: Closed Sale Baths: 2.00 Year Built: 1907 DOM: 50 Lotsize: 7405 Cooling: Central Heating: Central Furnace, Fireplace View: None Pool: Private, In Ground Stories: Two Level Community: Curbs Attached: Detached Interior: Ceiling Fan, Copper Plumbing Full, Granite Counters, Remodeled Kitchen Lot: Back Yard, Front Yard, Garden, Lawn Garage: Detached Sale Type: Standard Concessions Amount: 2000 Concessions Comments: 0 Virtual Tour: Link Acres: A beautiful craftsman Pool home in the heart of Corona! This house has all the character and charm of a 1907 home with all the conveniences of a newly built home. Such as all new Copper piping, new Ac and Heating all new electrical. Gorgeous Kitchen with a Farmers sink! All bathrooms have been completely done. Huge brick fireplace! Flooring and carpet newly installed. Casita or office off of garage, has its own bathroom with entrance just next to pool. Just fell out of escrow and back on market. Get offer in before its too late, this home wont last.
7 MLS #IG S 908 West Kendall Street, Corona $395,000 MLS#: IG Beds: 4 Sq Ft: 1,550 Sold Date: 10/29/15 Status: Closed Sale Baths: 2.00 Year Built: 2002 DOM: 36 Lotsize: 7405 Cooling: Central View: None Pool: None Stories: One Level Community: Curbs Attached: Detached Lot: Access via City Streets Garage: Attached Sale Type: Standard Concessions Amount: 0 Concessions Comments: NONE Acres: A lovely home nestled in the heart of Corona. This single story shows the pride of its owners. It is move in ready right now and is immaculate from the inside out. It boasts tract lighting, fresh paint, tiled counters, wood shutters, ceiling fans, crown molding, an inside laundry room, a beautiful kitchen with stainless steel appliances. It is wired and ready for a surround sound system. The patio is completely covered and wraps around to the side of the home. The backyard is full of palm trees, green grass and is ready for full on outdoor entertainment. Come and get your new home now. It's waiting for you. This home will not disappoint.
8 MLS #OC P 119 School Street, Corona $365,000 MLS#: OC Beds: 4 Sq Ft: 1,875 List Date: 12/1/15 Status: Pending Sale Baths: 2.00 Year Built: 2004 DOM: 73 Lotsize: 8276 Cooling: Central View: None Pool: None Spa: None Patio: Porch Stories: One Level Community: Foothills Attached: Detached Interior: Ceiling Fan, Granite Counters, Kitchen Island, Kitchen Open to Family Room, Recessed Lighting, Shower in Tub Lot: Access via Highway, Cul-De-Sac, Front Yard Floor: Ceramic Tile Garage: Attached Sale Type: Standard Virtual Tour: Acres: Welcome home! So much potential in this gorgeous Corona home! Great location, only 12 miles from OC, large backyard and built in 2005! Walk into a open floor plan with 4 specious bedrooms and a separate kitchen with lots of dining room space. Enjoy a huge back yard with 2 sheds for extra storage space and RV parking. In a cul-de-sac with just a few homes on the street, this home is a steal! Still accepting back up offers and showing this home!
9 MLS #IG B 847 West 7th Street, Corona $384,900 MLS#: IG Beds: 3 Sq Ft: 1,866 List Date: 9/19/15 Status: Backup Offer Baths: 2.00 Year Built: 2003 DOM: 159 Lotsize: 7405 Cooling: None View: None Pool: None Stories: One Level Community: Curbs Attached: Detached Lot: Access Road Paved Garage: Detached Sale Type: Probate Listing Acres: PROBATE SALE*3 BEDROOM 2 BATH HOME WITH LARGE GARAGE AND OFF STREET PARKING IN THE REAR WITH ALLEY ACCESS*HUGE FAMILY ROOM *LARGE ROOMS INCLUDING KITCHEN*SEPARATE 2 CAR GARAGE WITH ALLEY ENTRANCE.
10 MLS #IG A 915 West 7th Street, Corona $388,000 MLS#: IG Beds: 4 Sq Ft: 1,828 List Date: 11/4/15 Status: Active Baths: 2.00 Year Built: 2002 DOM: 113 Lotsize: 7405 Cooling: Central Heating: Central Furnace Utilities: Electricity - In Street, Natural Gas View: None Pool: None Spa: None Patio: Deck, Wood, Porch - Front, Porch - Rear Stories: One Level Community: Sidewalks Attached: Detached Interior: Block Walls, Ceiling Fan, Granite Counters, Kitchen Open to Family Room, Shower, Shower in Tub Lot: Level with Street, Lot , Sprinklers In Front Floor: Partially Carpeted, Laminated Roof: Composition Garage: Detached Sale Type: Standard Virtual Tour: Link Acres: PRICE REDUCED $27,000!!!: Newer bedroom 2 bath home. Granite counter tops in kitchen. Laminite flooring in living room and hall. There is also a detached 2 car garage. This home is close to shopping and freeways. There is NO HOA & VERY LOW TAXES! Make this home yours! Seller is very motivated!
11 SUGGESTED LIST PRICE ANALYSIS Analysis of the comparable properties suggests a list price of: $399,000 Here are some other pricing factors to consider: Low Median Average High Proj. value $/sqft All listings $365,000 $384,900 $383,650 $399,000 $420,621 Active listings $388,000 $388,000 $388,000 $388,000 $404,556 Sold listings $370,000 $395,000 $388,000 $399,000 $451,661
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