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11721 Palmwood Drive, Garden Grove, California 92840, Garden Grove, 92840 - 2 bed, 1 bath

11721 Palmwood Drive, Garden Grove, California 92840 home-pic-0
ACTIVE$950,000$814/sqft
Est. Value: $812,093
-14%
AboveEstimate
11721 Palmwood Drive, Garden Grove, California 92840
2Beds
1Bath
814Sqft
7,384Lot

Price Vs. Estimate

The estimated value ($812,092.555) is $137,907.445 (14%) lower than the list price ($950,000). 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 = 7384, living area = 814.
Top Cons:
Official Square Footage Discrepancy: The official listed square footage of 814 sqft is relatively modest, and while expanded, the discrepancy or perception of a smaller footprint might impact market appeal.

Compared to the nearby listings

Price:$950.0K vs avg $1.04M ($-89,000)31%
Size:814 sqft vs avg 1,595 sqft1%
Price/sqft:$1.2K vs avg $63399%

More Insights

Built in 1954 (72 years old).
Condition: Despite being built in 1954, this property has undergone extensive and relatively recent renovations. The kitchen features stylish Shaker cabinets, stainless steel appliances, and granite countertops, indicating an update within the last 5-15 years. Both bathrooms are updated, with the newer 3/4 bath in the enclosed patio appearing particularly modern. The presence of central HVAC, double-pane windows throughout, and laminate flooring are significant upgrades that contribute to a move-in ready condition. While the original structure is older, the major systems and aesthetic components have been well-maintained and updated, aligning with the 'Good' criteria for properties extensively renovated within 5 to 15 years.
Year Built
1954
Close
-
List price
$950K
Original List price
$899K
Price/Sqft
$1,167
HOA
-
Days on market
-
Sold On
-
MLS number
PW26004131
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

This wonderful single-family home offers room to grow on an expansive lot, with a flexible layout that lives like a 3-bedroom, 2-bath residence. The original 2-bedroom, 1-bath footprint has been enhanced by a permitted enclosed patio adding over 200 square feet, complete with a newer 3/4 bathroom—ideal as an additional bedroom, game room, or multipurpose space. Inside, you’ll find a stylish Shaker cabinet kitchen with stainless steel appliances and granite countertops, laminate flooring throughout, and two generously sized bedrooms. The backyard features mature fruit trees, a large storage shed, and a covered patio perfect for entertaining, all framed by a lush sugar cane perimeter that provides exceptional privacy. Additional highlights include central HVAC, double-pane windows throughout, and a spacious front yard with ample room for RV or boat storage or multiple vehicles, offering both comfort and convenience. Also a great home for a potential ADU given the great lot size!

N
Nicholas Monteer
Listing Agent

Price History

Date
Event
Price
05/23/13
Sold
$352,000
08/13/03
Sold
$285,000
Condition Rating
Good
Despite being built in 1954, this property has undergone extensive and relatively recent renovations. The kitchen features stylish Shaker cabinets, stainless steel appliances, and granite countertops, indicating an update within the last 5-15 years. Both bathrooms are updated, with the newer 3/4 bath in the enclosed patio appearing particularly modern. The presence of central HVAC, double-pane windows throughout, and laminate flooring are significant upgrades that contribute to a move-in ready condition. While the original structure is older, the major systems and aesthetic components have been well-maintained and updated, aligning with the 'Good' criteria for properties extensively renovated within 5 to 15 years.
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 = 7384, living area = 814.
Flexible & Expanded Living Space: The permitted enclosed patio with a 3/4 bath significantly enhances the home's functionality, allowing it to live like a 3-bedroom, 2-bath residence, adding over 200 sqft of versatile space.
Modernized Kitchen: Features a stylish Shaker cabinet kitchen with stainless steel appliances and granite countertops, offering an attractive and functional culinary area.
Generous Lot Size & ADU Potential: An expansive 7,384 sqft lot provides ample outdoor space, room for RV/boat storage, and significant potential for an Accessory Dwelling Unit (ADU), adding future value.
Key Updates for Comfort & Efficiency: Equipped with central HVAC and double-pane windows throughout, ensuring year-round comfort and improved energy efficiency.
Private & Amenity-Rich Backyard: The backyard boasts mature fruit trees, a large storage shed, a covered patio for entertaining, and a lush sugar cane perimeter offering exceptional privacy.

Cons

Official Square Footage Discrepancy: The official listed square footage of 814 sqft is relatively modest, and while expanded, the discrepancy or perception of a smaller footprint might impact market appeal.
Property Age & Potential Deferred Maintenance: Built in 1954, the property's age suggests potential for older infrastructure or systems that may require future attention or updates beyond those already completed.
Recent Price Adjustment: The recent increase in list price from $899,000 to $950,000 could raise questions for potential buyers regarding market value and pricing strategy.
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