12109 Sylvan River, Fountain Valley, California 92708, Fountain Valley, 92708 - 2 bed, 2 bath
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Fountain Valley, California 92708
This Value-Add Condominium is a High-Potential Investment Opportunity, listed at $530,000—positioned well below the $590,232 Fair Market Value by 10%. This valuation gap offers $60,232 in Instant Equity for buyers. While currently holding a Condition Rating of 4, the interior features vaulted ceilings and a private balcony with a tranquil greenbelt view. Located in a gated community near Mile Square Park and Garden Grove Unified schools, this property balances lifestyle perks with significant renovation upside. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12109 Sylvan River Subject | $525,000* List Price | 2 | 2 | 916 | $579 | - |
A 12143 Sylvan Riv 147 Sold | $450,000 | 1 | 1 | 702 | $641 | 0.0 mi |
B 11620 Warner Avenue 624 Sold | $590,000 | 2 | 2 | 970 | $608 | 0.8 mi |
C 11600 Warner 640 Sold | $560,000 | 2 | 2 | 1,030 | $544 | 0.8 mi |
D 17200 Newhope Street 109 Sold | $420,000 | 1 | 1 | 572 | $734 | 0.9 mi |
E 17200 Newhope Street 312 Sold | $410,000 | 1 | 1 | 572 | $717 | 0.9 mi |
F 12042 Sylvan River 4 Active | $455,000 List Price | 1 | 1 | 702 | $648 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is in mostly original 1983 condition and requires significant cosmetic updates. The kitchen features dated cabinetry with wood trim, tile countertops, and older white appliances. The bathrooms are also outdated, featuring worn vanities and carpeted flooring in the dressing area. While the unit appears functional and well-located, the interior finishes, light fixtures, and overall style show significant age and lack of recent renovation.
The property is ideally situated within walking distance of Mile Square Park and offers convenient access to major freeways, high-end shopping at South Coast Plaza, and is just a short bike ride from the beach.
The association is FHA/VA approved with relatively low monthly dues that include essential utilities like water and trash, making it an excellent opportunity for first-time buyers and veterans.
Located on a quiet side of the building facing a greenbelt with no drive-by traffic, the unit features vaulted ceilings and a private balcony that create a more spacious and tranquil living environment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 916, other record living area = 1064.
The listing suggests the property is priced to allow for 'savings to make it a trophy,' indicating that the interior likely requires cosmetic updates or renovations to reach its full potential.
At 916 square feet for a two-bedroom configuration, the interior footprint is relatively small, which may be a limitation for buyers seeking more expansive living areas.
You are invited to make your home at this private and quiet New Chase condominium, in a premium location, priced to give you the savings to make it a trophy! This building side offers the most private and quiet situation, facing greenery and a community greenbelt, with no drive-by traffic. The vaulted ceilings of this 2 bedroom 1.25 gem make it feel and appear larger than it’s size. The large primary bedroom offers a separate vanity and sink, a huge walk-in closet, and a sliding door exit to the private balcony patio. A second bedroom has its own large closet with sliding door, and easy access to the bathroom and laundry closet. A stackable washer/dryer unit is included! The balcony is also accessible from a slider in the dining area, and a large exterior storage closet is great for your season decorations, or other items. Everyone loves the New Chase grounds, where residents have an assigned covered carport space (#284) and permits for additional vehicles. Parking is a breeze inside this gated community, and a convenient online temporary permit portal is available for overnight guests. The dues at $515/month are incredibly low, as they include hot and cold water, trash, a sparkling pool and two spas—recently remodeled. The lovely grounds are extremely well-kept, and the community is very amenable to pet ownership. Your FHA/VA is welcome, as the responsibly managed association is approved for government financing programs. Nearby within walking distance are the amazing Mile Square Park, Centennial Park, scenic trails, shopping centers, fine dining, and top rated schools. You will be a short drive to the 405 & 22 freeways. Costco, and South Coast Plaza-and a wonderful 7 mile bike ride to the beach. Don’t miss it!
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 1.2 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 916 | 752 | 56% |
| Lot Size | 19,184 | 18,067 | 50% |
| Price | $525.0K | $517.5K | 50% |
| Price per sq ft | $573 | $625 | 38% |
| Built year | 1983 | 1986 | 38% |
| HOA | $515.0 | $500 | 69% |
| Days on market | 12 | 200 | 6% |
Apr 18, 2026
$525,000
$530,000
-1% Price Drop
Initial Listing
Apr 10, 2026
$530,000
Initial Listing
Sep 15, 2021
$505,000
Public Record
Oct 16, 2009
$259,000
Public Record