ActiveResidential · sale

1662 CHEROKEE Road

Corona, CA 92881

$2,590,000

  • 5 beds
  • 5 baths
  • 5,404 sq ft
  • 1.09 acres
  • Built 2002

Listed by First Team Real Estate · MLS #OC26130616

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2002.

Garage parking

4 garage spaces listed.

Property size

1.09 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

RARELY does a home and property come onto the market that captures so many amazing feature but here we are with the needle in the haystack Situated on 109 acres all useable and beautifully done for you already aside from a large flat area that is 6500 sq ft at the very back of the property This can be used for multiple purposes like a sport court or another ADU South Corona presents this custom single story estate where the main house is 4797 sq ft and the detached ADUguest house is another 607 sq ft The home has that smooth Santa Barbara finished stucco which is so beautiful The main residence features 4 bedrooms or three bedrooms and a mediaoffice room with its own French doors opening up directly to the circular driveway This beauty of a home features high ceilings real solid hard wood floors oversized windows with 6 sets of French doors throughout the estate The well appointed kitchen has built in high end appliances such as a Subzero fridge a Thermador range double ovens and a warming drawer The open floor plan allows for so much natural light to enhance the beauty of every room It is elegance meets everyday living all right here along with a spectacular fully gated private estate The outdoor landscape is perfectly maintained and shows off the classically designed pool and spa directly outside the center of the home Did you say PARTY well bring the whole family we have a huge gated circular driveway that holds 10 cars AND we have a four car plus garage with 1442 sq ft The RV driveway is 204 feet on its own and has a separate gate Its extra long fitting for multiple RVs boats trailers or toy haulers The studioADU is completely detached and is a lovely private home all on its own Inside the ADU is a full kitchen bathroom Murphy bed situation and family room This ADU opens up to the pool area so you can also use this as a game roompool house This home is a must see and feel Walk the entire residence and property and you will be blown away by all it has to offer its new owner This home was built and owned by one family so dont let this opportunity pass you by to snag a one of a kind very beloved estate in South Corona No HOA and low taxes are just one of the many bonuses here at Cherokee Road

THE NEIGHBORHOOD

Explore the location.

1662 CHEROKEE Road, Corona, CA 92881

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2002
Full baths
4
Half baths
1
Garage spaces
4
Cooling
CentralAir
Heating
ForcedAir,Fireplaces,Zoned
Appliances
ConvectionOven,DoubleOven,Dishwasher,GasCooktop,Disposal,GasOven,GasWaterHeater,HighEfficiencyWaterHeater,HotWaterCirculator,IceMaker
Flooring
Wood
Utilities
ElectricityConnected,NaturalGasConnected,PhoneConnected,UndergroundUtilities,WaterConnected
Fencing
Block,ExcellentCondition
Accessibility
LowPileCarpet,NoStairs,AccessibleDoors,AccessibleHallways
Pool
Yes
Pool features
GasHeat,Heated,InGround,Pebble,Private
Spa
Yes
Parcel
120250018
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$10,791.67
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1662 CHEROKEE Road, Corona, CA 92881 · MLS #OC26130616

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Listing information

MLS #OC26130616 · California Regional MLS

Listing brokerage: First Team Real Estate
Listing agent: Ellen Berry

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.