12235 Circula Panorama, North Tustin, California 92705, North Tustin, 92705 - 4 bed, 4 bath

12235 Circula Panorama, North Tustin, California 92705 home-pic-0
ACTIVE$1,995,000
12235 Circula Panorama, North Tustin, California 92705
4Beds
4Baths
3,690Sqft
32,310Lot

Price Vs. Estimate

The estimated value ($1,995,000) is $0 (0%) lower than the list price ($1,995,000). 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 = 32310, living area = 3690.
Top Cons:
Age of Property & Potential for Updates: Built in 1977, and while the kitchen is renovated, the phrase 'Move into the home as is' suggests other areas may require modernization or maintenance to meet current buyer expectations, especially given the premium price point.

Compared to the nearby listings

Price:$2.00M vs avg $1.73M (+$270,000)70%
Size:3,690 sqft vs avg 2,553 sqft82%
Price/sqft:$541 vs avg $7068%

More Insights

Built in 1977 (48 years old).
Condition: Built in 1977, this property features a recently and fully renovated kitchen with modern white shaker cabinets, quartz countertops, stainless steel appliances (including a double oven and large refrigerator), and recessed lighting, placing it in excellent condition. The main living areas and bedrooms boast updated, light-toned wood-look flooring, and the home appears clean and well-maintained throughout. While the description explicitly highlights the kitchen renovation, there is no mention or visual evidence of recent renovations for the bathrooms, and some bedroom ceiling fans appear older. However, the property is clearly move-in ready with no immediate major renovations required, aligning with the 'Good' condition criteria where some components are updated, but the property has not undergone a full recent renovation.
Year Built
1977
Close
-
List price
$2M
Original List price
$2M
Price/Sqft
$541
HOA
-
Days on market
-
Sold On
-
MLS number
OC25112042
Home ConditionGood
Features
Excellent View: Catalina, City Lights, Coastline, Hills, Mountain(s), Neighborhood, Ocean, Panoramic
Deck
Patio
ViewCatalina,City Lights,Coastline,Hills,Mountain(s),Neighborhood,Ocean,Panoramic

About this home

PANORAMIC VIEWS, LAND, and LOCATION. These are three characteristics which make this a unique and special offering. There are two properties being offered as a package deal; 12235 Circula Panorama Pl and the adjoining vacant lot at 12233 Circula Panorama Pl. Located in the highly desirable North Tustin community of Panorama Heights, this 4 Bedroom 3.5 Bathroom home includes a combined lot size of 32,310 square feet. The views are directly south facing, and on a clear day you can see all the way to Catalina Island!  Nearly every room of the house offers stunning views. Move into the home as is, add onto the home to create your dream estate, build a second house on the vacant parcel, let your imagination run wild. The main level features a family room with soaring ceilings, a fully renovated kitchen with quartz counters, a double oven, and an oversized island. Upstairs there is the primary bedroom with en suite bathroom, 2 secondary bedrooms, and an additional full bathroom. On the ground level, there is a bedroom, full bathroom, and separate living area. There is a private access from the ground level, which could be a perfect set up for a mother in law suite or a junior ADU. There is a 3 car garage, a long driveway, and designated private parking on the street. One of the highlights of this community is its perfect location in Orange County; a quick drive to John Wayne Airport, Newport Beach, Peter’s Canyon Regional Park, and just 45 minutes to downtown LA. Come and see one of the most unique offerings on the market!

Condition Rating
Good

Built in 1977, this property features a recently and fully renovated kitchen with modern white shaker cabinets, quartz countertops, stainless steel appliances (including a double oven and large refrigerator), and recessed lighting, placing it in excellent condition. The main living areas and bedrooms boast updated, light-toned wood-look flooring, and the home appears clean and well-maintained throughout. While the description explicitly highlights the kitchen renovation, there is no mention or visual evidence of recent renovations for the bathrooms, and some bedroom ceiling fans appear older. However, the property is clearly move-in ready with no immediate major renovations required, aligning with the 'Good' condition criteria where some components are updated, but the property has not undergone a full recent renovation.
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 = 32310, living area = 3690.
Panoramic Views: The property boasts stunning, south-facing panoramic views of Catalina Island, the Pacific Ocean, and city lights, visible from nearly every room, significantly enhancing its appeal and value.
Expansive Land & Development Potential: Offered as a package with an adjoining vacant lot, totaling 32,310 square feet, providing significant space for expansion, building a second residence, or creating a dream estate.
Prime Location: Situated in the highly desirable North Tustin community of Panorama Heights, offering excellent access to John Wayne Airport, Newport Beach, Peter’s Canyon Regional Park, and downtown LA.
Renovated Kitchen: Features a fully renovated kitchen with quartz counters, a double oven, and an oversized island, providing a modern and functional culinary space.
Flexible Living Arrangements: The ground level includes a bedroom, full bathroom, and separate living area with private access, ideal for a mother-in-law suite or junior ADU.

Cons

Age of Property & Potential for Updates: Built in 1977, and while the kitchen is renovated, the phrase 'Move into the home as is' suggests other areas may require modernization or maintenance to meet current buyer expectations, especially given the premium price point.
Significant Additional Investment Implied: The description encourages buyers to 'add onto the home' or 'build a second house,' indicating that realizing the property's full potential will require substantial additional financial and time investment beyond the purchase price.
Large Lot Maintenance: The combined lot size of 32,310 square feet, while offering great space, will likely entail considerable ongoing landscaping and maintenance costs and effort for the homeowner.

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