1536 Chestnut, Corona, California 92881, Corona, 92881 - 5 bed, 4 bath
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Corona, California 92881
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $1,098,000—positioned well below the $1,137,038 Fair Market Value by 3%. This valuation gap provides $39,038 in Instant Equity. With a Condition Rating of 4, the home is move-in ready while offering significant upside through cosmetic modernization. Featuring an oversized 17,860 sqft lot, a private pool, and ADU potential, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation in the Corona-Norco Unified district.
Spacious 5-bed, 4-bath home in Corona with pool, RV parking, and ADU potential. Listed at $1,098,000 with instant equity. Perfect for families or investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1536 Chestnut Subject | $1,098,000* List Price | 5 | 4 | 3,175 | $358 | - |
A 7142 Calico Cir Sold | $1,015,000 | 5 | 3 | 3,385 | $300 | 0.3 mi |
B 7213 Piute Creek Sold | $989,000 | 4 | 3 | 2,640 | $375 | 0.6 mi |
C 3341 Horizon Street Sold | $1,300,000 | 5 | 4 | 3,735 | $348 | 0.6 mi |
D 3675 Sunmeadow Street Sold | $1,300,000 | 6 | 4 | 3,819 | $340 | 0.9 mi |
E 7110 Saw Mill Rd Sold | $885,000 | 4 | 2 | 2,320 | $381 | 0.3 mi |
F 1073 Peter Christian Circle Sold | $1,300,000 | 4 | 5 | 3,574 | $364 | 0.8 mi |
G 19013 Consul Ave Active | $925,000 List Price | 3 | 3 | 2,552 | $362 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992, the property is approximately 34 years old. While it has been refreshed with new interior paint and modern laminate flooring, the bathrooms and laundry areas show original 1990s-style white cabinetry and dated fixtures. The home is functional and move-in ready, but the core aesthetic and primary systems (excluding the new pool pump) reflect its age, requiring minor updates to kitchens and baths to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17860, living area = 3175.
The massive 17,860 sqft lot is a rare find, providing ample space for RV storage, a private pool, and significant potential for adding an Accessory Dwelling Unit (ADU).
With 5 bedrooms, 4 bathrooms, and over 3,100 sqft of living space, this home offers a highly functional floor plan suitable for large families or multi-generational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3175, other record living area = 2868. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1992 and featuring 'fresh paint' as a primary update, the home may require further capital investment to modernize kitchens and bathrooms to current luxury standards.
The combination of an oversized lot, private pool, and large square footage will likely result in higher-than-average utility, landscaping, and general maintenance expenses.
Some homes give you a little extra breathing room — this one gives you options. Set on a quiet cul-de-sac in Corona, this freshly painted home offers the kind of space and flexibility buyers are always hoping to find. The oversized lot is a true standout, creating room to entertain, relax, park, play, or explore the possibility of adding an ADU. The backyard is built for real life and weekend fun, with a pool ready for warm Corona days and a brand-new pool pump already in place. Whether you are thinking poolside BBQs, outdoor dining, extra space for family, or future guest quarters, this property gives you plenty of ways to make it your own. A 3-car garage adds everyday convenience, while the RV storage gives you room for the trailer, boat, toys, work vehicle, or extra parking — features that are getting harder and harder to find. The location also keeps you close to the everyday conveniences that make Corona appealing, including nearby shopping, dining, parks, golf, schools, and commuter routes. Fresh paint, a new pool pump, oversized lot, 3-car garage, RV storage, ADU potential, and a cul-de-sac location — this is not just another house on the market. It is a property with space, personality, and possibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,175 | 2,104 |
| Lot Size | 17,860 | 7,405 |
| Price | $1.10M | $787.4K |
| Price per sq ft | $346 | $382 |
| Built year | 1992 | 1997 |
| HOA | $0 | $187 |
| Days on market | 27 | 66 |
Jun 25, 2026
$1,098,000
Initial Listing