700 Balsam Lane, Corona, California 92882, Corona, 92882 - 4 bed, 2 bath

700 Balsam Lane, Corona, California 92882 home-pic-0
ACTIVE$842,000
700 Balsam Lane, Corona, California 92882
4Beds
2Baths
2,015Sqft
13,504Lot
Year Built
1962
Close
-
List price
$842K
Original List price
$850K
Price/Sqft
$418
HOA
-
Days on market
-
Sold On
-
MLS number
PW24178529
Home ConditionFair
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Possibly Over-Priced:The estimated price is 9% below the list price. We found 3 Cons,5 Pros. Rank: price - $842.0K(55th), sqft - 2015(53th), beds - 4(50th), baths - 2(41th).

Welcome to a beautiful Loft Home in Corona! This charming four-bedroom home, nestled in the heart of a cul-de-sac, is bursting with character and endless possibilities. The main level features all four bedrooms with gleaming wood flooring, while the upstairs reveals a HUGE bonus loft that can be transformed into a fifth bedroom, art studio, sewing room—whatever your heart desires! We have completed plans to build an ADU on the property. Inside, you'll find deluxe vinyl floors, professionally cleaned carpet and fresh paint, making it move-in ready. The real showstopper is the gigantic, flat, usable backyard—perfect for entertaining, gardening, or relaxing under the sun. Plus, the SOLAR TESLA SYSTEM installed in 2023 offers energy efficiency and savings. Conveniently located right off the freeway, with easy access to work, shopping, medical appointments, and a world of entertainment—from wineries and casinos to spas. Don’t wait—schedule your showing before it's too late!

Price History

Date
Event
Price
08/05/25
$842,000
09/04/24
$850,000
Condition Rating
Fair

The property was built in 1962. The kitchen and bathrooms appear to have been updated with modern fixtures and finishes. The description mentions fresh paint and new flooring. However, the appliances in the kitchen are not new, and the overall style suggests a renovation that is not recent enough to qualify for 'good' or 'excellent'. The stairs need some work.
Pros & Cons

Pros

Large Backyard: The property boasts a gigantic, flat, usable backyard, ideal for entertaining, gardening, or relaxation.
Potential ADU: Completed plans are available to build an Accessory Dwelling Unit (ADU), adding potential value and income opportunities.
Bonus Loft Space: The upstairs features a huge bonus loft that can be transformed into a fifth bedroom, art studio, or sewing room, offering flexible living space.
Energy Efficiency: The property includes a SOLAR TESLA SYSTEM installed in 2023, providing energy efficiency and potential cost savings.
Location: Conveniently located right off the freeway, providing easy access to work, shopping, medical appointments, and entertainment.

Cons

Year Built: Built in 1962, the property may require updates to meet modern standards and preferences.
Limited Bathrooms: With only 2 bathrooms for a 4-bedroom (potentially 5-bedroom) house, it may be insufficient for larger families.
Original List Price Reduction: The property has already experienced a price reduction, which could indicate challenges in the current market or perceived value.

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