1518 Border, Corona, California 92882, Corona, 92882 - 2 bed, 2 bath
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Corona, California 92882
This Upper-Level Condominium is a Prime Investment Opportunity listed at $409,950—positioned well below the $418,406 Fair Market Value by 2%. This valuation gap provides $8,456 in Instant Equity. Featuring a Fair Condition Rating, the interior includes a Granite Kitchen and dual balconies with a Mountain View. Located in "The Lakes" community, residents access resort-style amenities within the Corona-Norco Unified School District. This well-maintained asset is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking a lifestyle-rich primary residence near Orange County.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1518 Border Subject | $398,950* List Price | 2 | 2 | 1,040 | $391 | - |
A 1315 Via Santiago A Sold | $395,000 | 2 | 1 | 902 | $438 | 0.5 mi |
B 1586 Border Avenue G Sold | $354,500 | 2 | 1 | 860 | $412 | 0.0 mi |
C 1317 Via Santiago Sold | $376,500 | 2 | 2 | 934 | $403 | 0.5 mi |
D 1194 Border Avenue A Sold | $395,000 | 2 | 1 | 902 | $438 | 0.4 mi |
E 1598 Border Avenue H Active | $415,000 List Price | 2 | 2 | 1,040 | $399 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this property is well-maintained but reflects an older style consistent with the 'fair' category. While the kitchen and bathrooms have been updated with granite countertops and white cabinetry, the appliances are dated and mismatched (white and black), and the overall interior—including the carpeting and light fixtures—shows signs of being renovated approximately 15 to 20 years ago. It is move-in ready but lacks the modern finishes required for a 'good' or 'excellent' rating.
Located in 'The Lakes' subdivision, residents benefit from a resort-style lifestyle including a private lake with fishing and boating, a pool pavilion, and multiple sports courts.
As an upper-level unit, this condo ensures no neighbors are living above and features a desirable open floor plan with dual balconies, including a private retreat off the master bedroom.
The property offers exceptional accessibility to the 91 and 15 freeways, making it an ideal residence for those commuting to Orange County or nearby commercial hubs.
Built in 1972, the property may require more frequent maintenance or updates to its original infrastructure compared to newer developments in the Corona area.
The $379 monthly association fee is a significant recurring cost that buyers must factor into their debt-to-income ratio and overall monthly housing budget.
1518 BORDER AVE - UNIT #H. ---- Very nice 2 Bedroom and 2 Bathroom beautiful open condo. Balconies at the front of the home and leading out from the master. This condo is an upper unit so you will not have anyone above you. The kitchen features granite countertops, white oak cabinets, and appliances. The community amenities include, Lake with walking path, catch & release fishing, pedal boats, big pool pavilion rental for parties, BBQs, basketball & Tennis courts. This property offers quick access to the 91 and 15 Freeway as well as shopping centers and restaurants. Just minutes to Orange County!
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 | 1,040 | 915 | 68% |
| Lot Size | 1,022 | 738 | 63% |
| Price | $398.9K | $395.0K | 58% |
| Price per sq ft | $384 | $438 | 26% |
| Built year | 1972 | 1990 | 26% |
| HOA | $379.0 | $412 | 37% |
| Days on market | 62 | 145 | 5% |
May 28, 2026
$398,950
$409,950
-3% Price Drop
Initial Listing
Apr 5, 2026
$409,950
Initial Listing
Feb 24, 2012
$96,000
Public Record
Oct 31, 2006
$300,000
Public Record