12042 Sylvan River 4, Fountain Valley, California 92708, Fountain Valley, 92708 - 1 bed, 1 bath
Loading property details...
12042 Sylvan River 4
Fountain Valley, California 92708
ACTIVE UNDER CONTRACT
CONDITION: GOOD
1Beds
1Baths
702Sq Ft
16,950Lot Size
Property Price
LIST PRICE$415,000
EST. MARKET VALUE
$415,000
SUMMARY
This Move-In Ready Condominium represents a Strong Value Opportunity, listed at a List Price of $415,000, which aligns perfectly with its $415,000 Fair Market Value. Featuring a Condition Rating of 3, this home offers immediate habitability with recent cosmetic updates. Residents enjoy premium community amenities including a pool, spa, and private patio, alongside the convenience of in-unit laundry. Located in the Garden Grove Unified School District, this property is an ideal acquisition for first-time buyers or owner-occupants seeking a stable, pet-friendly lifestyle in Fountain Valley.
Estimated Market Value
$415,000
Based on Realkey algorithm analyzing recent comparable sales in Fountain Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12042 Sylvan River 4 Subject | $415,000* List Price | 1 | 1 | 702 | $591 | - |
A 12042 Sylvan River 18 Sold | $470,000 | 1 | 1 | 702 | $670 | - |
B 12068 Sylvan River 58 Active | $429,000 List Price | 1 | 1 | 702 | $611 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1983, the property is well-maintained and move-in ready with significant recent cosmetic updates including new laminate flooring, fresh paint, and an updated bathroom vanity. The kitchen remains functional despite dated cabinetry, and the overall condition exceeds the 'Fair' threshold due to its immediate habitability.
PROSSTRENGTHS & OPPORTUNITIES
- FHA Financing Approval
The property is FHA approved, a significant advantage for first-time homebuyers seeking low down payment options in a competitive market where many condos do not qualify.
- Pet-Friendly Community
The New Chase community offers a rare and highly desirable pet policy with no breed or weight restrictions for dogs, broadening its appeal to a specific niche of buyers.
- Move-In Ready Condition
Featuring fresh paint, a private patio, and in-unit laundry hookups, this condo offers immediate occupancy and includes two dedicated parking spaces, which is a premium for one-bedroom units.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With over 130 days on the market and multiple price reductions, the property may face perception issues regarding its market value or underlying demand.
- High Monthly HOA Dues
The $575 monthly association fee is relatively high for a 702-square-foot one-bedroom unit, which may impact a buyer's debt-to-income ratio and overall monthly affordability.
About 12042 Sylvan River 4
*** FHA APPROVED *** This move-in ready 1 bedroom / 1 bath condo in sought after New Chase community is the BEST VALUE IN THE AREA!! CHECK IT OUT TODAY! This home features fresh new paint throughout, spacious living room with fireplace that opens up to your own private patio and storage area. The bedroom is spacious, there are french doors can be closed off for privacy from living room and kitchen. In unit stackable washer/dryer hook ups. This community has so much to offer, they are pet friendly with no breed or weight restrictions for dogs. The community is completely gated, very well taken care of and clean. Enjoy the beautiful pool anytime, there are 2 separate spas for your enjoyment as well. It also has access to the Santa Ana Riverbed trail, just a few minutes drive to Mile Square park, freeways, beaches, many restaurants and shopping. This home also has 2 parking spaces, 1 a carport space and 1 uncovered space. HOA pays for trash, water and landscaping On top of all that, this amazing community is FHA APPROVED!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1983
- Lot Size
- 16,950 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $575.0 / Month
Neighborhood Insights
Fountain Valley Unified Schools
Mamie L. Northcutt Elementary School
Grades K-6 • 0.9 mi
5/10
Stephen R. Fitz Intermediate School
Grades 7-8 • 1.1 mi
4/10
Los Amigos High School
Grades 9-12 • 0.6 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 702 | 834 |
| Lot Size | 16,950 | 66,436.75 |
| Price | $415.0K | $570.0K |
| Price per sq ft | $591 | $603 |
| Built year | 1983 | 1985 |
| HOA | $575.0 | $404 |
| Days on market | 154 | 77 |
Pricing History
Listed for Sale
Jul 1, 2026
$415,000
$444,999
-7% Price Drop
Initial Listing
Price Change
May 22, 2026
$444,999
$455,000
-2% Price Drop
Initial Listing
Price Change
Apr 8, 2026
$455,000
Initial Listing
Sold
Nov 10, 2020
$340,000
Public Record
Sold
Sep 29, 2017
$311,000
Public Record
Sold
Sep 2, 2016
$280,000
Public Record
Sold
Apr 22, 2003
$166,500
Public Record
Sold
Jun 27, 2001
$129,000
Public Record
Sold
Mar 31, 1999
$100,000
Public Record