2879 Lancaster, Corona, California 92882, Corona, 92882 - 3 bed, 3 bath
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Corona, California 92882
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $760,000—positioned above the $699,164 Fair Market Value. While the property requires modernization, its Condition Rating of 4 and original 1996 finishes offer a blank canvas for value-add renovations. The 7,841 sq. ft. lot and 3-car garage provide significant utility in a prime South Corona location. This property is an ideal acquisition for Value-Add Investors or first-time buyers looking to build equity through strategic cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2879 Lancaster Subject | $760,000* List Price | 3 | 3 | 1,751 | $399 | - |
A 3059 Vera Cruz Sold | $800,000 | 4 | 3 | 2,160 | $370 | 0.3 mi |
B 1222 Stephanie Dr Sold | $900,000 | 3 | 3 | 2,179 | $413 | 0.5 mi |
C 2322 Avenida Del Vista Sold | $785,000 | 3 | 2 | 1,780 | $441 | 1.0 mi |
D 2564 Independence Sold | $810,000 | 3 | 3 | 1,856 | $436 | 0.6 mi |
E 1029 Westpark Sold | $725,000 | 3 | 2 | 1,400 | $518 | 0.9 mi |
F 1336 Old Trail Drive Sold | $875,000 | 3 | 0 | 2,145 | $408 | 0.3 mi |
G 2809 Lancaster Lane Active Under Contract | $759,000 List Price | 3 | 3 | 1,541 | $493 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996 (28 years old) and maintained by the original owner, the property is likely in original condition. The description's emphasis on 'endless potential' and 'personal touch' indicates that the kitchen, bathrooms, and systems are dated and require modernization, fitting the criteria for a home over 20 years old needing updates.
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 = 1751.
Situated in a highly sought-after neighborhood within walking distance to an elementary school and adjacent to walking trails, offering excellent lifestyle convenience and strong resale value.
The property features a substantial 7,841 sq. ft. lot and a rare 3-car garage, providing ample space for outdoor customization and significant storage or vehicle capacity.
Maintained by the original owner since 1996, the home is described as a 'personal touch' opportunity, suggesting that cosmetic updates and modernizing are likely necessary.
The backyard is currently a 'blank canvas,' which will require additional buyer investment and effort to design and install functional landscaping or outdoor entertaining areas.
Welcome to this beautiful 3-bedroom, 2.5-bath home located in a highly sought-after South Corona neighborhood. Owned by the original owner, this spacious home sits on a huge 7,841 sq. ft. lot and offers endless potential for buyers looking to make it their own. Perfect for first-time homebuyers or anyone with a creative vision, this property is ready for your personal touch. The home features a formal living area, a separate family room with a cozy fireplace, central AC, and a versatile upstairs bonus room ideal for entertaining, a playroom, home office, or additional living space. The primary suite offers vaulted ceilings, a walk-in closet, and a private en suite bathroom. Additional highlights include a large 3-car garage, a welcoming entry area, and plenty of space both inside and out. Step outside to a huge backyard with a covered patio and blank canvas ready for your imagination. The backyards open and blank slate allows plenty of room to design your dream space, whether it includes custom landscaping, a garden, play area, outdoor entertaining space, or even a pool. Enjoy a peaceful neighborhood setting right next to a walking trail, with convenient access to shopping, dining, and nearby amenities. Located within walking distance to an elementary school, this home is situated in a great community and offers an incredible opportunity to create the home you’ve always wanted.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 35% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,751 | 1,852 | 45% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $760.0K | $810.0K | 38% |
| Price per sq ft | $434 | $433 | 50% |
| Built year | 1996 | 1987 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 143 | 3% |
May 14, 2026
$760,000
Initial Listing
May 23, 1997
$153,000
Public Record