tomo logo

$1,250,000

Beds
8
Baths
5.0
sq ft
3,415

12520 Norton Ave, Chino, CA 91710

12520 Norton Ave

Chino, CA 91710

  • 117 days on market
Welcome to this magnificent residence, offering unparalleled luxury and exceptional investment potential. Nestled on a generous .45-acre lot, this 8-bedroom, 5-bathroom home spans 3,415 sq ft and provides a versatile living space with endless opportunities. Step inside to discover an expansive floor plan bathed in Chino, CA. The gourmet kitchen is a culinary haven, equipped with tile countertops, a breakfast bar, and ample cabinetry. The adjacent family room, complete with a cozy fireplace, is perfect for entertaining and family gatherings. The property currently functions as a multifamily home, generating nearly $9,000 per month in rental income, making it a true cash cow with an impressive annual revenue of $107k. Bedrooms are generously sized, providing comfort and flexibility for tenants or family members. Outside, the expansive backyard is an entertainer's paradise with plenty of space for outdoor activities. The property includes paid-off solar panels, ensuring energy efficiency and significant savings. The 4-car garage offers approved plans for an ADU conversion, adding further value and rental potential. Additionally, there's RV access and ample room to build on the back of the property. Situated in a desirable Chino neighborhood, this home is conveniently located near top-rated schools, shopping centers, parks, and dining options. Whether you're looking for a luxurious family residence or a high-yield investment property, 12520 Norton Avenue is an exceptional opportunity. Don't miss out on this rare find. Schedule your private tour today and experience the unmatched lifestyle and investment potential this stunning home has to offer!

Details

Property type

Single Family Residence

Est. home value

$1,281,578

Lot size

0.4546 acres

Price per sq ft

$367

Year built

1952

Price History

10/19/2024
CRMLS

CRMLS #OC24141733

Price change
$1,250,000
+4.17%
07/11/2024
CRMLS

CRMLS #OC24141733

Listed
$1,200,000
-7.34%
05/01/2024
CRMLS

CRMLS #TR23161493

Removed
$1,295,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Golf, Park, Sidewalks

High school district: 

Chino Valley Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Paramount Residential Mortgage Group Inc

Loan start date

February 2015

Original loan amount

$401,000

Est. remaining balance

$317,560

Interest rate

3.83%

Loan type

New Conventional, 30 year

Seller

Abdul H Sheikh

Lender

Capital Alliance Advisors Inc

Loan start date

February 2014

Original loan amount

$291,000

Est. remaining balance

$0

Interest rate

4.53%

Loan type

New Conventional, 2 year

Seller

Abdul H Sheikh

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 11:30 AM

Listing updated: 10/19/2024 at 4:00 PM

Listed by: Lionel Franklin, Keller Williams Realty Irvine Phone #: (949) 861-8000

MLS: CRMLS #OC24141733

CRMLS logo

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