700 Balsam Lane, Corona, California 92882, Corona, 92882 - 4 bed, 2 bath
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Corona, California 92882
Analysis of 700 Balsam Lane, Corona, California 92882 reveals a property with a current list price of $842,000, which is 9% above the estimated $764,659 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Corona Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 700 Balsam Lane Subject | $842,000* List Price | 4 | 2 | 2,015 | $379 | - |
A 2001 Cypress Point Drive Sold | $815,000 | 4 | 2 | 2,150 | $379 | 0.2 mi |
B 2233 Mountain View Sold | $700,000 | 3 | 2 | 1,920 | $365 | 0.3 mi |
C 2010 Oakland Hills Drive Sold | $865,000 | 4 | 2 | 2,150 | $402 | 0.3 mi |
D 860 Knollwood Drive Sold | $801,000 | 4 | 2 | 2,102 | $381 | 0.5 mi |
E 2285 Ridgeview Sold | $780,000 | 4 | 3 | 2,116 | $369 | 0.2 mi |
F 750 Saint Andrews Court Sold | $865,000 | 4 | 2 | 1,774 | $488 | 0.6 mi |
G 1911 Pine Crest Drive Active | $850,000 List Price | 4 | 3 | 2,034 | $418 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
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.
The property boasts a gigantic, flat, usable backyard, ideal for entertaining, gardening, or relaxation.
Completed plans are available to build an Accessory Dwelling Unit (ADU), adding potential value and income opportunities.
The upstairs features a huge bonus loft that can be transformed into a fifth bedroom, art studio, or sewing room, offering flexible living space.
Built in 1962, the property may require updates to meet modern standards and preferences.
With only 2 bathrooms for a 4-bedroom (potentially 5-bedroom) house, it may be insufficient for larger families.
The property has already experienced a price reduction, which could indicate challenges in the current market or perceived value.
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!
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 | 43% |
| Square foot | 2,015 | 1,936.5 | 53% |
| Lot Size | 13,504 | 7,405 | 93% |
| Price | $842.0K | $820.0K | 54% |
| Price per sq ft | $418 | $422 | 47% |
| Built year | 1962 | 1988 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 577 | 177 | 0% |
Aug 5, 2025
$842,000
Initial Listing
Sep 4, 2024
$850,000
Initial Listing