515 Newhall Dr., Corona, California 92879, Corona, 92879 - 3 bed, 2 bath

515 Newhall Dr.
Corona, California 92879
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 |
|---|---|---|---|---|---|---|
★ 515 Newhall Dr. Subject | $885,000* List Price | 3 | 2 | 2,325 | $381 | - |
A 443 Termino Sold | $770,000 | 4 | 2 | 1,923 | $400 | 0.7 mi |
B 1450 Mariposa Drive Sold | $775,000 | 4 | 3 | 2,174 | $356 | 0.8 mi |
C 541 San Gorgonio Drive Sold | $673,000 | 3 | 2 | 1,662 | $405 | 0.2 mi |
D 625 Balboa Drive Sold | $674,000 | 3 | 2 | 1,653 | $408 | 0.9 mi |
E 1492 Del Norte Drive Pending | $699,900 List Price | 4 | 2 | 1,841 | $380 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Although built in 1964, the property is move-in ready and has undergone significant renovations. The kitchen features updated cabinetry, stone countertops, and stainless steel appliances. Bathrooms have been modernized with contemporary tile work and fixtures. The addition of a 700 sq ft casita with LVP flooring and a full kitchen, along with the presence of plantation shutters and well-maintained flooring throughout, indicates the home has been updated within the last 5 to 15 years.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Generational & Income Potential
The property includes a fully equipped 700 sq ft attached casita with its own kitchen, living area, and private entrance, offering excellent potential for rental income or extended family living.
- Significant Expansion Opportunity
The sale features an additional vacant parcel with its own APN, bringing the total lot size to nearly 12,000 sq ft and providing a rare chance for future development or ADU construction.
- Prime Location with No HOA
Ideally situated near the 91 and 15 freeways for easy commuting, this residence offers the freedom of no HOA fees or restrictive association rules.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 1.
- Market History Stigma
The property is recently 'Back on Market,' which can often create buyer hesitation or skepticism regarding the home's condition despite the seller's 'no fault' disclaimer.
- Aging Infrastructure
Originally built in 1964, the property may require significant capital investment for modernizing major systems or updating the interior to meet contemporary luxury standards.
About 515 Newhall Dr.
BACK ON THE MARKET! NO FAULT TO SELLER!! Here is your SECOND CHANCE to call this HOME SWEET HOME with a $14k Price Improvement!!! Two Properties. One Purchase|Prime Corona Investment and/or Multi-Generational Opportunity | No HOA | Main House includes 3 Bedrooms, 2 Full Bathrooms|Attach CASITA with 1 Bedroom, 1 Bathroom, Full Kitchen, Separate Living Room, Separate Entrance, + Extra Vacant Land Included! Welcome to 515 Newhall Drive, a truly unique and versatile property offering endless possibilities for homeowners, investors, and multi-generational living—all in a prime Corona location near the 91 & 15 freeways with no HOA. The main residence features 3 bedrooms and 2 bathrooms, thoughtfully designed with an open floor plan that flows seamlessly from the formal living room, complete with a cozy fireplace to the kitchen. Just beyond the dinning room and kitchen, enter into the spacious family room/game room which provides the ideal setting for gatherings and entertainment, featuring a wet bar and plenty of room to host. Attached to the home is a fully equipped apartment style living area/casita, offering incredible flexibility and income potential. It can be accessed internally via a unique spiral staircase or through its own private exterior entrance from the backyard. This space offers approximately 700 sq ft of living area and includes LVP flooring, a private living room, full kitchen, separate bedroom with a walk-in closet, and a large bathroom—ideal for extended family, guests, or rental income. The property sits on an 8,276 sq ft lot, featuring lush greenery landscaping, plantation shutters, a covered patio, and a tranquil backyard pond creating a peaceful retreat. The front driveway offers potential RV or boat parking. Adding significant value, the sale includes an additional vacant parcel with its own APN, offering 3,484 sq ft of additional lot space. When combined, the total lot size is approximately 11,760 sq ft. The vacant land is directly accessible from the backyard with no private road, presenting a rare opportunity for future expansion, development, or long-term investment. This is truly a must-see home to fully understand all the endless possibilities it offers.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1964
- Lot Size
- 8,276 Sq. Ft.
Interior
- Total Bedrooms
- 3
- 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 | 3.0 | 4.0 | 39% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 2,325 | 1,699 | 82% |
| Lot Size | 8,276 | 7,841 | 61% |
| Price | $885.0K | $730.0K | 87% |
| Price per sq ft | $381 | $403 | 35% |
| Built year | 1964 | 1981 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 163 | 5% |
Pricing History
Listed for Sale
Feb 26, 2026
$885,000
$899,990
-2% Price Drop
Initial Listing
Price Change
Jan 26, 2026
$899,990
Initial Listing
Sold
Sep 15, 2015
$380,000
Public Record
Sold
Feb 27, 1998
$133,000
Public Record



















































