848 Via Felipe, Corona, California 92882, Corona, 92882 - 4 bed, 2 bath
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Corona, California 92882
This Value-Add Single-Family Pool Home is a High-Potential Investment Opportunity listed at $699,999—positioned well below the $729,375 Fair Market Value by 4%. This valuation gap provides $29,376 in Instant Equity for buyers ready to modernize the 1954 interior. Featuring a private pool, 7,405 sqft lot, and rare five-car parking capacity, the property offers significant upside in the Corona-Norco Unified district. With a Condition Rating of 4, it is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants seeking to build wealth through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 848 Via Felipe Subject | $674,999* List Price | 4 | 2 | 1,531 | $457 | - |
A 733 Via Felipe Sold | $670,000 | 4 | 2 | 1,266 | $529 | 0.1 mi |
B 1871 Dawn Ridge Drive Sold | $700,000 | 4 | 2 | 1,515 | $462 | 0.4 mi |
C 2242 Rainbow Ridge Sold | $750,000 | 4 | 2 | 1,440 | $521 | 1.0 mi |
D 1478 Dyer Sold | $700,000 | 4 | 2 | 1,312 | $534 | 0.6 mi |
E 1095 Jadestone Lane Active Under Contract | $698,999 List Price | 4 | 2 | 1,904 | $367 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
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.
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!
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 | 45% |
| Square foot | 1,531 | 1,904 | 30% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $675.0K | $810.0K | 19% |
| Price per sq ft | $441 | $425 | 59% |
| Built year | 1954 | 1987 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 63 | 181 | 5% |
Apr 9, 2026
$674,999
$694,999
-3% Price Drop
Initial Listing
Mar 21, 2026
$694,999
$699,999
-1% Price Drop
Initial Listing
Feb 18, 2026
$699,999
Initial Listing