ActiveResidential · sale

625 Lancer

Corona, CA 92879

$879,900

  • 4 beds
  • 2 baths
  • 2,850 sq ft
  • 0.24 acres
  • Built 1963

Listed by Keller Williams Realty · MLS #IG26182179

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Outside, the 10,454-square-foot lot is made for Southern California living with a pool and spa, new sod, fresh mulch, and an expansive concrete patio stretching across nearly the entire rear of the home beneath a large wood pergola.

Year built

Built in 1963.

Garage parking

2 garage spaces listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

A true Mid-Century masterpiece in the heart of Corona! Built in 1963 and offering approximately 2,850 square feet with 4 bedrooms and 2 bathrooms, this one-of-a-kind home showcases dramatic architecture, walls of glass, soaring ceilings, and seamless indoor-outdoor living. A wide double-door entry with a large textured-glass window welcomes you inside, filling the foyer with natural light while maintaining privacy. From the moment you enter, your eyes are drawn to the massive great room with its spectacular vaulted wood-beam ceiling and incredible wall of glass. Eight oversized sliding glass doors topped by angular windows span much of the rear of the home, bringing in abundant natural light and beautiful views of the backyard, pool, palms, and mature landscaping. At the center of the room is a show-stopping Mid-Century fireplace with a dramatic suspended chimney descending from the ceiling. The spacious kitchen offers abundant cabinetry, granite countertops, a large center island, stainless steel appliances, and an atrium-style window over the sink. Both bathrooms have been beautifully updated, including a recently remodeled guest bath with shaker cabinetry, a large walk-in shower, and oversized window. The primary bath also features a walk-in shower and long horizontal window above the vanity. Spacious bedrooms offer large windows and ceiling fans. Additional features include a dedicated laundry room and storage room with built-in shelving. Major improvements include a newer roof, HVAC system, ductwork and vents, three-zone climate control, and updated fencing. Outside, the 10,454-square-foot lot is made for Southern California living with a pool and spa, new sod, fresh mulch, and an expansive concrete patio stretching across nearly the entire rear of the home beneath a large wood pergola. An oversized driveway provides abundant parking in addition to the two-car carport. Conveniently located near Corona's Historic District and exciting Downtown revitalization, including The HUB with new dining and businesses, plus the major transformation of historic City Park with planned recreation, gathering, aquatic, and outdoor amenities. Easy freeway access. A rare opportunity to own a distinctive piece of Corona's Mid-Century architectural character!

THE NEIGHBORHOOD

Explore the location.

625 Lancer, Corona, CA 92879

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1963
Full baths
2
Garage spaces
2
Cooling
CentralAir
Heating
Central
Pool
Yes
Pool features
InGround,Private
Subdivision
None
Parcel
111031006
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$3,666.25
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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625 Lancer, Corona, CA 92879 · MLS #IG26182179

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Listing information

MLS #IG26182179 · California Regional MLS

Listing brokerage: Keller Williams Realty
Listing agent: Charles Chacon

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.