1015 Margarita D202, Corona, California 92879, Corona, 92879 - 2 bed, 2 bath
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Corona, California 92879
This Turnkey Condominium represents a Prime Investment Opportunity, listed at $339,000—positioned well below the $348,818 Fair Market Value by 2%. This valuation gap provides $9,818 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes brand-new flooring, fresh paint, and updated plumbing. With soaring cathedral ceilings and a private garage, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, move-in ready residence in the Corona-Norco Unified district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1015 Margarita D202 Subject | $339,000* List Price | 2 | 2 | 888 | $393 | - |
A 760 Rimpau Sold | $380,000 | 2 | 2 | 848 | $448 | 0.2 mi |
B 778 La Tierra Street H103 Sold | $320,000 | 2 | 2 | 888 | $360 | 0.0 mi |
C 778 Gianni Drive 210 Sold | $319,000 | 2 | 1 | 850 | $375 | 0.1 mi |
D 994 La Costa N101 Sold | $320,000 | 2 | 2 | 1,032 | $310 | 0.1 mi |
E 1020 Margarita Active | $395,000 List Price | 2 | 2 | 1,032 | $383 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1985, the property has undergone a recent comprehensive refresh including brand-new flooring, fresh paint, and new kitchen appliances. The addition of updated plumbing, new toilets, and functional central HVAC makes this a well-maintained, move-in ready home that exceeds the 'Fair' category despite the original 1980s cabinetry and layout.
The property has been extensively refreshed with brand-new flooring, fresh paint, and new appliances, offering a move-in ready experience that appeals to first-time buyers and investors.
Soaring cathedral ceilings in this upper-level unit create an open and airy living environment, significantly enhancing the perceived space and aesthetic appeal of the interior.
Located within a secure gated community, the home includes the rare convenience of both a private garage and a second assigned parking space, providing added value and peace of mind.
The monthly HOA fee of $481.50 is relatively high for a property at this price point, which may impact the overall monthly affordability and debt-to-income ratios for potential buyers.
At 888 square feet, the living space is somewhat compact for a two-bedroom, two-bathroom configuration, and the lack of a designated view may limit its appeal compared to other units in the area.
Welcome to this beautifully updated upper-level condominium located in a desirable gated community in Corona. This light-filled 2-bedroom, 2-full-bath home features soaring cathedral ceilings that create an open and airy living environment rarely found at this price point. The interior has been thoughtfully refreshed with brand-new flooring throughout, fresh paint, and numerous upgrades including a new stove, microwave, toilets, updated plumbing, and all new window blinds—making this home truly move-in ready. Comfort is ensured year-round with central air conditioning. Enjoy the convenience of a private garage plus a second assigned parking space. Located within a secure gated community with easy access to shopping, dining, commuter routes, and local amenities, this home combines comfort, convenience, and turnkey living. Perfect for first-time buyers, downsizers, or investors seeking a low-maintenance property in a prime Corona location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 888 | 1,032 | 26% |
| Lot Size | - | - | 50% |
| Price | $339.0K | $435.0K | 26% |
| Price per sq ft | $382 | $415 | 37% |
| Built year | 1985 | 1988 | 26% |
| HOA | $481.5 | $399 | 89% |
| Days on market | 20 | 152 | 5% |
May 25, 2026
$339,000
Initial Listing
Mar 22, 2013
$81,000
Public Record
May 3, 2006
$300,000
Public Record
Apr 29, 2005
$219,500
Public Record