2501 Water Way, Corona, California 92882, Corona, 92882 - 3 bed, 3 bath
2501 Water Way
Corona, California 92882
Property Price
SUMMARY
Analysis of 2501 Water Way, Corona, California 92882 reveals a Fairly Priced Property with a current list price of $705,000 aligned with the estimated $722,465 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Corona Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2501 Water Way Subject | $705,000* List Price | 3 | 3 | 1,491 | $485 | - |
A 2532 Galisteo Street Sold | $724,000 | 3 | 3 | 1,629 | $444 | 0.1 mi |
B 1386 Fairmont Drive Sold | $700,000 | 3 | 3 | 1,504 | $465 | 0.8 mi |
C 2519 Sena Sold | $734,000 | 3 | 3 | 1,841 | $399 | 0.0 mi |
D 3125 Andaluz Way Sold | $731,000 | 3 | 2 | 1,219 | $600 | 0.6 mi |
E 762 Saint James Drive Sold | $740,000 | 3 | 3 | 1,551 | $477 | 1.0 mi |
F 3199 Rowena Active Under Contract | $779,000 List Price | 3 | 2 | 1,408 | $553 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and well-maintained. Although built in 1993, it features several modern updates including large-format tile flooring on the main level, updated kitchen countertops with a contemporary backsplash, and stainless steel appliances. The bathrooms have been partially updated with newer vanities, and the interior paint and carpeting appear fresh and neutral. It fits the 'good' category as major systems appear functional and the home has undergone significant cosmetic refreshing to meet modern tastes.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Family-Centric Location
Ideally situated within walking distance to a neighborhood elementary school and local park, making it a perfect choice for families seeking convenience and easy access to outdoor recreation.
- Functional Open-Concept Layout
The main level features a seamless flow between the kitchen, dining area, and family room, complemented by a separate living room that offers versatile space for a home office or formal seating.
- Enhanced Privacy Design
With all three bedrooms located on the upper level, the home provides a clear separation between private sleeping quarters and the main living areas, ideal for modern lifestyle needs.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
The property sits on a modest 3,920 square foot lot, which may limit options for extensive landscaping, large private gatherings, or significant outdoor expansions compared to other detached homes.
- Modest Interior Square Footage
At 1,491 square feet, the home is relatively compact for a three-bedroom detached residence in this area, which might feel restrictive for growing families or those requiring substantial storage.
About 2501 Water Way
Welcome to this inviting two-story single-family residence ideally located near a neighborhood elementary school and local park. Offering 3 bedrooms and 2.5 bathrooms, this well-designed home provides a functional layout with comfortable living spaces throughout. The main level features tile flooring and includes a spacious kitchen that opens to the dining area and family room, creating a natural gathering space for everyday living and entertaining. A separate living room provides additional flexibility for a formal sitting area, home office setup, or play space. With a fireplace to add warmth and character. All bedrooms are located upstairs, offering privacy from the main living areas. The primary suite includes an en-suite bathroom, and two additional bedrooms share a full bath. A convenient half bath is located on the main floor for guests. Situated within a community setting and just moments from outdoor recreation and everyday conveniences, this home presents an excellent opportunity for comfortable living in a well-established neighborhood.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1993
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $70.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 34% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,491 | 1,939 | 23% |
| Lot Size | 3,920 | 7,405 | 6% |
| Price | $705.0K | $804.0K | 31% |
| Price per sq ft | $473 | $422 | 74% |
| Built year | 1993 | 1988 | 68% |
| HOA | $70.0 | $0 | 78% |
| Days on market | 8 | 179 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$705,000
Initial Listing
Sold
Feb 4, 2020
$469,000
Public Record
Sold
May 15, 2015
$391,500
Public Record
Sold
May 28, 2010
$250,000
Public Record
Sold
Jun 9, 2006
$480,000
Public Record
Sold
Aug 3, 2000
$152,000
Public Record