1421 Hidden Springs Drive
Corona, CA 92881

Description

VALUE IN LAND!! There is a final map (in supplements) and seller owns 108 lots totaling 8.72 acres however in the Wildwood Glen Cabin Sites final map dated 1924 there are approximately 250 lots. Owners of the balance of these lots would all like to sell, some listed some not. The city recognizes the project and the fact that all streets shown are dedicated however they do not want the project built as the neighborhood is now zoned 5 acre minimums. The homes around it are mostly in the $2,000,000 plus range. The city would like to "negotiate" a much lower density. The city said they would not allow anything built to cover 2 lots or more, it would have to be built so that no structure would cross a property line, no exceptions however there are two homes built on the entire project, one on my sellers property over 20 years ago with no concern to the Wildwood Glen Cabin Sites lot lines what so ever. I wouldn't place any value on the structure however certainly livable. There is also another structure built that covers the Wildwood Glen Cabin Sites which is not owned by my seller which also has no regard to lot lines. You will notice a single lot in the middle of my seller's 108 lots that has a different owner. This was purchased at a tax sale years ago and I have it listed for a ridiculous amount but that is included in the $2,250,000 price.

Details

MLS#IG18230365
StyleHouse
Sub-TypeResale
StatusActive
Year1972
Days On Site135

Features

Bed(s)4
Bath(s) 3 Full
SQ Feet2,661
Garage2
Story(s)2 Story
Acreage8.72
Property ViewYes

Market Activity 92881

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Area Information

StateCA
CountyRiverside
CityCorona
Zip Code92881
Area248 - Corona
School DistrictCorona-Norco Unified
Listing VS Median (in 92881)
Price:
$2,250,000
low | high
Med:
$618,900
100% of Average
SqFt:
2,661
low | high
Med:
2,732
47.350620067644% of Average
$ / SqFt:
$846
low | high
Med:
$228
100% of Average
On Site:
135
low | high
Med:
94.5
100% of Average
Listing Updated: 05/20/2019
MLS Number: IG18230365
Listing Provided By:
Jim Brown  of  Keller Williams Realty
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