10111 Roselee Drive, Garden Grove, California 92840, Garden Grove, 92840 - 2 bed, 2 bath
ACTIVE UNDER CONTRACT$1,050,000$1,440/sqft
Est. Value: $984,515
-6%
AboveEstimate
10111 Roselee Drive, Garden Grove, California 92840
2Beds
2Baths
1,440Sqft
8,480Lot
Price Vs. Estimate
The estimated value ($984,515.2) is $65,484.8 (6%) lower than the list price ($1,050,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 8480, living area = 1440.
Top Cons:
Age and Potential for System Updates: Built in 1954, the property may require significant investment in updating major systems (e.g., electrical, plumbing, HVAC) and interior finishes to meet contemporary standards.
Compared to the nearby listings
Price:$1.05M vs avg $1.04M (+$8,000)52%
Size:1,440 sqft vs avg 1,595 sqft38%
Price/sqft:$729 vs avg $63373%
More Insights
Built in 1954 (72 years old).
Condition: The property, built in 1954, features significantly updated interiors, including a modern kitchen with stainless steel appliances, granite countertops, and white shaker cabinets, as well as recently renovated bathrooms with contemporary fixtures, LED mirrors, and glass-enclosed showers. Hardwood flooring and recessed lighting are also present throughout much of the home. However, the property analysis explicitly notes that due to its age, major systems (electrical, plumbing, HVAC) may require significant investment to meet contemporary standards. While the cosmetic updates are excellent, the potential need for substantial system upgrades prevents a 'Good' rating, placing it in the 'Fair' category where major components may be functional but show signs of being outdated or requiring significant future investment.
Year Built
1954
Close
-
List price
$1.05M
Original List price
$1.05M
Price/Sqft
$729
HOA
-
Days on market
-
Sold On
-
MLS number
PW25279085
Home ConditionFair
Features
ViewNeighborhood
About this home
POTENTIAL! POTENTIAL! POTENTIAL! Welcome to the City of Garden Grove! Here is a home with many potential opportunities to make extra income due to its large lot size. Featuring 2 bedrooms, 2 baths, and a well-maintained yard with a custom side gate for privacy. You can convert the oversized garage to an ADU unit for the extra income or add an additional square footage with plenty of space for future use. This home has great layout to separate it into two living quarters if needed. It is also located next to Disneyland, Knott's Berry Farm, shopping centers and freeways.
T
Tran Vo
Listing Agent
Price History
Date
Event
Price
08/17/22
Sold
$825,000
11/24/10
Sold
$335,000
Condition Rating
Fair
The property, built in 1954, features significantly updated interiors, including a modern kitchen with stainless steel appliances, granite countertops, and white shaker cabinets, as well as recently renovated bathrooms with contemporary fixtures, LED mirrors, and glass-enclosed showers. Hardwood flooring and recessed lighting are also present throughout much of the home. However, the property analysis explicitly notes that due to its age, major systems (electrical, plumbing, HVAC) may require significant investment to meet contemporary standards. While the cosmetic updates are excellent, the potential need for substantial system upgrades prevents a 'Good' rating, placing it in the 'Fair' category where major components may be functional but show signs of being outdated or requiring significant future investment.
Pros & Cons
Pros
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 = 8480, living area = 1440.
Significant Development Potential: The large 8,480 sqft lot and oversized garage offer excellent opportunities for ADU conversion or adding additional square footage, enhancing future value and income potential.
Strategic Location: Proximity to major attractions like Disneyland and Knott's Berry Farm, along with convenient access to shopping centers and freeways, ensures high demand and desirability.
Flexible Layout for Income/Multi-Generational Living: The home's layout is conducive to being separated into two living quarters, providing options for rental income or accommodating extended family.
Generous Lot Size: An 8,480 sqft lot provides ample outdoor space for recreation, landscaping, and future expansion, a valuable asset in urban areas.
Enhanced Curb Appeal & Privacy: A well-maintained yard complemented by a custom side gate contributes to the property's aesthetic appeal and offers increased privacy.
Cons
Age and Potential for System Updates: Built in 1954, the property may require significant investment in updating major systems (e.g., electrical, plumbing, HVAC) and interior finishes to meet contemporary standards.
Requires Buyer Investment for Full Potential: The property is presented as having 'POTENTIAL,' indicating that a buyer will need to undertake renovations or conversions (like ADU) to fully capitalize on its income-generating and expansion opportunities.
Currently Active Under Contract: While demonstrating market interest, the 'Active Under Contract' status means the property is not immediately available for new offers, potentially limiting the pool of interested buyers.