601 Bundy, Corona, California 92882, Corona, 92882 - 4 bed, 2 bath
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Corona, California 92882
This Single-Story Residential Asset represents a High-Potential Investment Opportunity, listed at a List Price of $860,000—positioned well above the $811,651 Fair Market Value by 5%. While currently priced above market, the property offers significant upside through cosmetic modernization of its original 1996 finishes. Featuring a 3-Car Garage, Panoramic City Light Views, and a flexible 4-Bedroom Layout, this home provides a solid foundation for value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to customize a well-located property in the desirable Mountain Gate area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 601 Bundy Subject | $860,000* List Price | 4 | 2 | 2,000 | $406 | - |
A 3059 Vera Cruz Sold | $800,000 | 4 | 3 | 2,160 | $370 | 0.8 mi |
B 680 Avenida Terrazo Sold | $832,500 | 4 | 3 | 2,224 | $374 | 0.4 mi |
C 1072 Silvercreek Road Sold | $913,000 | 5 | 3 | 2,517 | $363 | 0.7 mi |
D 660 Glen Springs Sold | $910,000 | 5 | 3 | 2,405 | $378 | 0.6 mi |
E 3052 Drake Street Active | $944,900 List Price | 4 | 3 | 2,302 | $410 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1996 (28 years old), the property is well-maintained but remains largely in its original state. The kitchen and bathrooms feature dated oak cabinetry and older white appliances typical of the mid-90s. As the home is over 20 years old without a recent major renovation and the listing explicitly suggests updates are needed, it meets the Fair criteria.
Situated in the sought-after Mountain Gate area, this property offers the significant financial advantage of no HOA fees and low property taxes, increasing long-term affordability.
The highly desirable single-level floor plan includes a spacious 2,000 sq. ft. interior, a flexible 4th bedroom/den option, and a rare 3-car garage, providing excellent utility.
The backyard features impressive city light views and 'views for miles' combined with a mix of hardscape and grass, offering a premium outdoor space for relaxation and entertaining.
The property is marketed as an opportunity to update and customize, indicating that the original 1996 finishes likely require a capital investment to meet modern aesthetic standards.
The fourth bedroom is currently configured as an open den, which may require the buyer to install a closet or doors to function as a private, legal bedroom.
Located in the Established and Desirable Mountain Gate Area, this Delightful Single-Story Home, Built in 1996, Offers 4 Bedrooms and 2 Bathrooms with a 3 Car Garage. The Flexible Floor Plan with a Fourth Bedroom Currently Configured as a Den and Can Easily Be Converted to a True Bedroom. The Front Door Opens to the Living Room and the Dining Area Perfect for Entertaining. Around the Corner is The Kitchen that Offers an Abundance of Cabinet Space, Providing Excellent Storage with an Open Layout into the Family Room that Boasts a Cozy Gas Fireplace. The Primary Bedroom has High Ceilings and the Primary Bathroom has Dual Sinks, Soaking Tub, Shower and Privacy Toilet and the Walk In Closet. Bedrooms #2 and #3 Both have Natural Light and Ceiling Fans. The Hall Bathroom has Dual Sinks, Privacy Toilet and Shower. The Dedicated Laundry Room has Storage as well. The 3 Car Garage is Spacious and has Storage. Step into the Quaint Backyard with Hardscape, Grass and Views for Miles. The Patio is Great to Enjoy and Relax Away from the Sun. This Home Presents a Wonderful Opportunity for Buyers to Update and Customize to their Own Style While Enjoying the Great Design and Layout. Ideally Located near Shopping and Schools, this Home Blends Comfort, Convenience and Community. A Rare Opportunity to Create Your Vision in a Sought-After Location. Low Taxes and No HOA Make this a Great Place for You.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 44% |
| Square foot | 2,000 | 1,856 | 59% |
| Lot Size | 7,841 | 7,841 | 50% |
| Price | $860.0K | $815.0K | 62% |
| Price per sq ft | $430 | $430 | 50% |
| Built year | 1996 | 1987 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 142 | 3% |
May 20, 2026
$860,000
Initial Listing
Oct 14, 2011
$352,000
Public Record
Dec 11, 1996
$177,000
Public Record