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

515 Newhall Dr., Corona, California 92879 home-pic-0

515 Newhall Dr.

Corona, California 92879

ACTIVE
CONDITION: GOOD
3Beds
2Baths
2,325Sq Ft
8,276Lot Size

Property Price

LIST PRICE$885,000
EST. MARKET VALUE
$886,596

SUMMARY

Estimated Market Value

$886,596
Based on Realkey algorithm analyzing recent comparable sales in Corona.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
515 Newhall Dr.
Subject
$885,000*
List Price
322,325$381-
A
443 Termino
Sold
$770,000421,923$4000.7 mi
B
1450 Mariposa Drive
Sold
$775,000432,174$3560.8 mi
C
541 San Gorgonio Drive
Sold
$673,000321,662$4050.2 mi
D
625 Balboa Drive
Sold
$674,000321,653$4080.9 mi
E
1492 Del Norte Drive
Pending
$699,900
List Price
421,841$3800.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
39%
Baths2.03.0
49%
Square foot2,3251,699
82%
Lot Size8,2767,841
61%
Price$885.0K$730.0K
87%
Price per sq ft$381$403
35%
Built year19641981
28%
HOA$0$0
50%
Days on market40163
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

Browse Properties by State Browse housing market trends by state