848 Via Felipe, Corona, California 92882, Corona, 92882 - 4 bed, 2 bath

848 Via Felipe, Corona, California 92882 home-pic-0

848 Via Felipe

Corona, California 92882

ACTIVE
CONDITION: FAIR
4Beds
2Baths
1,531Sq Ft
7,405Lot Size

Property Price

LIST PRICE$699,999
EST. MARKET VALUE
$729,375
4% BelowMARKET VALUE

SUMMARY

Analysis of 848 Via Felipe, Corona, California 92882 reveals a Prime Investment Opportunity with a current list price of $699,999—significantly undercutting the $729,375 Fair Market Value by 4%. This valuation gap indicates a +$29,376 Instant Equity potential for buyers. 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.

Estimated Market Value

$729,375 +$29,376 Equity Potential
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
848 Via Felipe
Subject
$699,999*
List Price
421,531$476-
A
1871 Dawn Ridge Drive
Sold
$700,000421,515$4620.4 mi
B
1478 Dyer
Sold
$700,000421,312$5340.6 mi
C
2515 Monterey Peninsula Dr.
Sold
$650,000431,812$3590.8 mi
D
733 Via Felipe
Active Under Contract
$630,000
List Price
421,266$4980.1 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1954, this property is functional and maintained but shows significant signs of age. While it includes recent mechanical updates like a new water heater and swamp cooler, the interior features—including the kitchen, bathrooms, and flooring—are dated and require modernization. The listing's call for 'vision and updates' to unlock equity confirms it is an aged home that has not undergone a recent comprehensive renovation.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1531.

  • Outdoor Entertainment & Pool

    The property features a private pool and patio on a generous 7,400 sq ft lot, offering a highly desirable space for summer gatherings and outdoor living in the Corona climate.

  • Exceptional Parking Capacity

    Rare for the area, this home includes two separate driveways capable of holding up to five cars in addition to an attached two-car garage, providing ample space for guests or multi-vehicle households.

CONSRISKS & DEFICIENCIES

  • Dated Interior Condition

    The property is marketed as needing 'vision and updates,' suggesting that the 1954 construction likely requires a substantial investment to modernize the living spaces and fixtures.

  • Cooling System Redundancy

    The recent installation of a swamp cooler alongside existing central forced air may indicate that the primary HVAC system is aging or insufficient for cooling the entire home effectively.

About 848 Via Felipe

Welcome to this well-situated single-story pool home in a highly desirable Corona neighborhood! Featuring 4 bedrooms and 2 bathrooms across approximately 1,531 sq ft of living space, this property offers a functional floor plan with ample room for both everyday living and entertaining. Step inside to an open layout that flows from the living spaces to the kitchen with abundant cabinet storage and counter space. The family room provides direct access to the backyard, where a private pool and patio area create an ideal setting for outdoor gatherings, summer fun, and BBQ entertaining. The generous lot (~7,400 sq ft) provides space for outdoor enjoyment and backyard enhancements. Additional features include an attached 2-car garage, central forced air cooling, newly installed swamp cooler and water heater, and proximity to schools, shopping, parks, and convenient freeway access. This property also has two driveways that holds up to 5 cars Recent neighborhood sales reflect strong local demand with comparables ranging from the mid-$600,000s to the mid-$700,000s, underscoring the value potential of this property in today’s market.Bring your vision and updates to unlock the true equity in this home — a perfect opportunity for buyers seeking value with upside in Central Corona!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1954
Lot Size
7,405 Sq. Ft.

Interior

Total Bedrooms
4
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)
Beds4.04.0
50%
Baths2.03.0
43%
Square foot1,5311,939
28%
Lot Size7,4057,405
50%
Price$700.0K$804.0K
27%
Price per sq ft$457$422
69%
Built year19541988
8%
HOA$0$0
50%
Days on market17179
1%

Pricing History

Listed for Sale

Feb 18, 2026

$699,999

Initial Listing

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