RealKey
‪(213) 433-7766‬

12270 Circula Panorama, Santa Ana, California 92705, Santa Ana, 92705 - 3 bed, 3 bath

12270 Circula Panorama, Santa Ana, California 92705 home-pic-0
ACTIVE$1,799,999
12270 Circula Panorama, Santa Ana, California 92705
3Beds
3Baths
1,992Sqft
15,500Lot

Price Vs. Estimate

The estimated value ($1,131,218.505) is $668,780.495 (37%) lower than the list price ($1,799,999). 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 = 15500, living area = 1992.
Top Cons:
Significant Overpricing: The current listing price is approximately 37% above the estimated property value, suggesting it may be significantly overpriced compared to market expectations.

Compared to the nearby listings

Price:$1.80M vs avg $1.73M (+$74,999)54%
Size:1,992 sqft vs avg 2,465 sqft22%
Price/sqft:$904 vs avg $70689%

More Insights

Built in 1965 (60 years old).
Condition: This property, though built in 1965, has undergone a complete and extensive renovation in 2024. The description highlights 'NEW framework, windows, new roof purchased in 2024, paint, stucco, drywall, flooring, electrical upgrades.' The kitchen is described as 'newly renovated' with 'finest materials, custom slow stopping cupboards/drawers and high end appliances such as Thermador luxury kitchen appliances,' and the images confirm a sleek, modern design with high-end finishes. Bathrooms also appear fully updated with modern fixtures and tiling. All major components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Year Built
1965
Close
-
List price
$1.8M
Original List price
$1.85M
Price/Sqft
$904
HOA
-
Days on market
-
Sold On
-
MLS number
OC25004069
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Coastline, Mountain(s), Panoramic
Patio
ViewCatalina,City Lights,Coastline,Mountain(s),Panoramic

About this home

VIEWS & ADU OPPORTUNITIES! This large lot home offers a magnificent panoramic view of the city skyline, making it one of the best views in Orange County! Located in the exclusive Panorama Heights in the North Tustin/Santa Ana area, you can enjoy views of Newport Beach, Catalina Island, Downtown LA Skyline and the San Gabriel Mountains. Completely renovated with all NEW framework, windows, new roof purchased in 2024 (30 year warranty), paint, stucco, drywall, flooring, electrical upgrades and more. From the moment you enter through the Custom pivot metal door, you are greeted with an open space living/dining room concept that effortlessly flows to the upgraded kitchen. The newly renovated open floor plan seamlessly integrates the living, dining and kitchen areas, each designed with the finest materials, custom slow stopping cupboards/drawers and high end appliances such as Thermador luxury kitchen appliances. Additional upgrades such as large sliding doors, kitchen island, added a second sink in the kitchen, extending the first level bathroom and front yard pergola to enjoy the beautiful view from anytime of the day! There are 3 spacious bedrooms located on the second level with 2 balconies for privacy and a feel of luxury. This property has additional driveway parking space perfect for any size vehicles. LARGE frontyard also offers opportunity to build ADU or extend the home as well. MUST SEE in person to appreciate!

Condition Rating
Excellent
This property, though built in 1965, has undergone a complete and extensive renovation in 2024. The description highlights 'NEW framework, windows, new roof purchased in 2024, paint, stucco, drywall, flooring, electrical upgrades.' The kitchen is described as 'newly renovated' with 'finest materials, custom slow stopping cupboards/drawers and high end appliances such as Thermador luxury kitchen appliances,' and the images confirm a sleek, modern design with high-end finishes. Bathrooms also appear fully updated with modern fixtures and tiling. All major components are new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
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 = 15500, living area = 1992.
Panoramic Views: The property boasts magnificent panoramic views of the city skyline, Newport Beach, Catalina Island, Downtown LA, and the San Gabriel Mountains, enhancing its desirability and value.
Extensive Recent Renovation: Completely renovated in 2024 with new framework, windows, roof (with 30-year warranty), paint, stucco, drywall, flooring, and electrical upgrades, offering a move-in ready modern home.
ADU Potential & Large Lot: The large front yard provides significant opportunity to build an Accessory Dwelling Unit (ADU) or extend the existing home, adding future value and flexibility.
High-End Kitchen & Open Concept: Features a newly renovated open floor plan with an upgraded kitchen, high-end Thermador luxury appliances, custom cabinetry, and a central island, ideal for modern living and entertaining.
Exclusive Location: Situated in the exclusive Panorama Heights area of North Tustin/Santa Ana, a highly sought-after neighborhood known for its views and prestige.

Cons

Significant Overpricing: The current listing price is approximately 37% above the estimated property value, suggesting it may be significantly overpriced compared to market expectations.
Fewer Bedrooms Compared to Comps: With 3 bedrooms, the property offers fewer bedrooms than several comparable properties in the area that sold for similar or lower prices, potentially limiting its appeal to larger families.
Price Reduction History: The property has already undergone a price reduction from its original list price, indicating potential market resistance or an initial overestimation of its value.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state