2242 Rainbow Ridge, Corona, California 92882, Corona, 92882 - 4 bed, 2 bath
2242 Rainbow Ridge
Corona, California 92882
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2242 Rainbow Ridge Subject | $749,999* List Price | 4 | 2 | 1,440 | $521 | - |
A 1691 W Ontario Avenue Sold | $680,000 | 4 | 2 | 1,312 | $518 | 0.2 mi |
B 1552 Tilson Circle Sold | $695,000 | 4 | 2 | 1,312 | $530 | 0.2 mi |
C 2430 Mesquite Sold | $740,000 | 4 | 2 | 1,500 | $493 | 0.4 mi |
D 1871 Dawn Ridge Drive Sold | $700,000 | 4 | 2 | 1,515 | $462 | 0.5 mi |
E 1427 Baird St Sold | $675,000 | 4 | 2 | 1,490 | $453 | 0.3 mi |
F 1080 Sapphire Active | $699,900 List Price | 4 | 2 | 1,440 | $486 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition and has been exceptionally well-maintained. While the kitchen and bathrooms retain a dated aesthetic with older wood cabinetry and appliances, the home features significant recent capital improvements to major systems, including a new A/C unit (2022), and a new water heater, solar panels, and energy-efficient double-pane windows all installed in 2025. The interior is clean with well-kept flooring, meeting the criteria for a well-maintained home with updated major systems.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7841, living area = 1440.
- Energy Efficiency & Recent Upgrades
The home features significant recent capital improvements including solar panels (to be paid off by sellers), a new A/C unit (2022), a new water heater (2025), and new energy-efficient double-pane windows.
- Low Carrying Costs
With no HOA fees and a low tax rate, this property offers a more affordable monthly payment compared to many newer developments in the Corona area.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Built in 1965, the home may have older underlying plumbing or electrical systems that, while functional, lack the modernization of newer construction.
- Compact Bedroom Layout
Fitting four bedrooms into approximately 1,400 sq. ft. suggests that individual bedroom sizes may be relatively small, which could be a constraint for families with large furniture.
- Garage Laundry Location
The laundry facilities are located in the garage rather than a dedicated interior mudroom or closet, which may be considered a convenience drawback for some buyers.
About 2242 Rainbow Ridge
Shows Super Sharp! Located in Central Corona. This single-level home is extremely clean and well-maintained inside and out. and located in a desirable neighborhood. This home offers 4 bedrooms and 2 bathrooms with approximately 1,400 sq. ft. of living space on a lot of approximately 7,405 sq. ft. The property features a spacious backyard with great views. The home features a combination of carpet and tile flooring, both well-maintained and clean throughout. The primary bedroom includes double closets and a private bathroom. The home has a new A/C unit installed in 2022, a new water heater installed in 2025, and solar panels installed in 2025, which will be paid off by the sellers at the close of escrow. Additional upgrades include new energy-efficient double-pane windows, a sliding door with solar protection, and new blinds installed in 2025. The property also features a two-car garage with a laundry area and offers plenty of parking on-site and on the street. Located close to Orange County, schools, shopping, and freeways, with easy access to the 91 and 15 freeways. No HOA and low tax rate. This is a great opportunity for a first-time homebuyer or for commuters looking for a move-in-ready home in a prime location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,440 | 1,939 | 22% |
| Lot Size | 7,841 | 7,405 | 55% |
| Price | $750.0K | $804.0K | 39% |
| Price per sq ft | $521 | $422 | 87% |
| Built year | 1965 | 1988 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 179 | 1% |
Pricing History
Listed for Sale
Feb 6, 2026
$749,999
$750,000
+0% Price Increase
Initial Listing
Price Change
Jan 28, 2026
$750,000
Initial Listing
Sold
Jul 16, 2004
$360,000
Public Record
Sold
Jun 13, 1994
$100,000
Public Record