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10255 Overhill Drive, Santa Ana, California 92705, Santa Ana, 92705 - 6 bed, 5 bath

10255 Overhill Drive, Santa Ana, California 92705 home-pic-0
ACTIVE$2,895,000
10255 Overhill Drive, Santa Ana, California 92705
6Beds
5Baths
4,500Sqft
23,800Lot

Price Vs. Estimate

The estimated value ($1,775,180.425) is $1,119,819.575 (38%) lower than the list price ($2,895,000). 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 = 23800, living area = 4500.
Top Cons:
Substantial Overpricing Relative to Market Estimation: The current listing price is significantly higher than the property's estimated value, suggesting a potential disconnect with market expectations.

Compared to the nearby listings

Price:$2.90M vs avg $1.73M (+$1,170,000)87%
Size:4,500 sqft vs avg 2,553 sqft93%
Price/sqft:$643 vs avg $70629%

More Insights

Built in 1965 (60 years old).
Condition: The property, built in 1965, has clearly undergone significant updates, making it move-in ready. The kitchen features modern white shaker cabinets, stainless steel appliances (including a large refrigerator and gas range), and a functional island, though the multi-colored granite countertops, while high-end, might be considered slightly dated by some. The visible powder room shows contemporary fixtures and finishes. Hardwood flooring is present throughout many living areas and bedrooms, and the overall aesthetic is clean and well-maintained. While not a brand-new build or a full renovation within the last 5 years, the updates appear to be within the 5-15 year timeframe, aligning with the 'Good' criteria for a well-maintained property with functional systems and minimal wear and tear.
Year Built
1965
Close
-
List price
$2.9M
Original List price
$3.29M
Price/Sqft
$643
HOA
-
Days on market
-
Sold On
-
MLS number
NP24187814
Home ConditionGood
Features
Good View: Canyon, Hills, Panoramic, Valley, Trees/Woods
Deck
Pool
Spa
ViewCanyon, Hills, Panoramic, Valley, Trees/Woods

About this home

$100,000 PRICE REDUCTION! Enter this Contemporary Cowan Heights estate on over 1/2 acre lot with booming views via a gated courtyard with mature landscaping. Offering incredible outdoor space, this North Tustin home is your haven away from the hustle and bustle, yet just minutes away from the excitement of vibrant Orange County. It reminds you of hillside living above Los Angeles, but without the luxury tax. Priced at a tremendous value per square foot, this is your opportunity to secure a gem of a property. A large pool and spa area with incredible all day sun is perfect for play and lounging, and includes a shaded zone for those hot summer days. Off the main living and kitchen area is a large, covered view deck open to the ocean breeze. Enjoy sit down hills and city lights views. The main home includes 5 bedrooms, 3 full baths and 2 powder baths, plus an office. The 1-bedroom, 1.5 bath guest house is attached via a lock off, yet enjoys it's own private entrance and generous kitchen and living spaces. Open the whole home up and you have a 6 bedroom, 5 bath and 3 powder bath estate perfect for large families, multiple guest rooms, or space for your gym, home offices, art studio or other use as you wish. Nearby is Peter's Canyon Regional Park with hiking and biking trails, as well as neighborhood Bent Tree Park. If you crave views, space, and privacy amidst nature's beauty with fantastic year-round weather, look no further than 10255 Overhill Drive in North Tustin.

Condition Rating
Good
The property, built in 1965, has clearly undergone significant updates, making it move-in ready. The kitchen features modern white shaker cabinets, stainless steel appliances (including a large refrigerator and gas range), and a functional island, though the multi-colored granite countertops, while high-end, might be considered slightly dated by some. The visible powder room shows contemporary fixtures and finishes. Hardwood flooring is present throughout many living areas and bedrooms, and the overall aesthetic is clean and well-maintained. While not a brand-new build or a full renovation within the last 5 years, the updates appear to be within the 5-15 year timeframe, aligning with the 'Good' criteria for a well-maintained property with functional systems and minimal wear and tear.
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 = 23800, living area = 4500.
Panoramic Views & Outdoor Amenities: The property boasts 'booming views' of hills and city lights, complemented by a large pool, spa, and a covered view deck, creating an exceptional outdoor living experience.
Spacious & Versatile Living: A substantial 6-bedroom, 5-bath estate (including a dedicated 1-bed, 1.5-bath guest house with its own entrance and kitchen) offers significant flexibility for large families, multi-generational living, or various home uses.
Generous Lot Size & Privacy: Situated on over a half-acre lot with a gated courtyard and mature landscaping, providing a private and serene 'haven away from the hustle and bustle'.
Desirable North Tustin Location: Located in the prestigious Cowan Heights area, offering tranquility while being minutes from Orange County amenities and adjacent to Peter's Canyon Regional Park for recreation.
Recent Price Adjustment: A significant $100,000 price reduction indicates a motivated seller and potentially improved value proposition for prospective buyers.

Cons

Substantial Overpricing Relative to Market Estimation: The current listing price is significantly higher than the property's estimated value, suggesting a potential disconnect with market expectations.
Extended Market Time: Having been on the market for approximately nine months, this indicates a lack of buyer interest at previous price points or perceived value.
Age of Construction: Built in 1965, the property's age may imply a need for significant updates or renovations to meet modern buyer preferences, especially when compared to newer or recently remodeled competitive properties.

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