14061 Parson, Garden Grove, California 92843, Garden Grove, 92843 - 6 bed, 5 bath
ACTIVE$1,600,000
14061 Parson, Garden Grove, California 92843
6Beds
5Baths
2,625Sqft
7,707Lot
Price Vs. Estimate
The estimated value ($791,281.13) is $808,718.87 (50%) lower than the list price ($1,600,000). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Unit Property: The property features two distinct houses on one lot, offering exceptional flexibility for multi-generational living, significant rental income potential, or a combination of both.
Top Cons:
Significant Price Discrepancy: The automated property estimation of $791,281.13 is substantially lower than the $1,600,000 list price, indicating a potential overvaluation or a challenge in justifying the asking price to buyers based on standard valuation models.
Compared to the nearby listings
Price:$1.60M vs avg $994.0K (+$606,000)98%
Size:2,625 sqft vs avg 1,315 sqft98%
Price/sqft:$610 vs avg $70724%
More Insights
Built in 1956 (69 years old).
Condition: This property consists of two distinct units. The back house, built brand new in 2023, features modern amenities, a contemporary kitchen, and updated bathrooms, placing it in excellent condition. The front unit, built in 1956, while older, is presumed to be well-maintained and functional, though its kitchen and bathrooms likely exhibit dated styles and features. The significant presence of a brand new, excellent condition unit elevates the overall property condition to 'Good', making it move-in ready with no immediate major renovations required, despite the older unit potentially needing cosmetic updates.
Year Built
1956
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$610
HOA
-
Days on market
-
Sold On
-
MLS number
PW25075026
Home ConditionGood
Features
Patio
View-
About this home
2 houses in a lot!!! Perfect for any big families or investors. Front unit has 4 bedrooms, 3 bathrooms (A GAME ROOM - CONVERT INTO THE FOURTH BEDROOM) with 1876sqft living space. Back house has 2 bedrooms, 2 bathrooms, with 749sqft living space (brand new built 2023). Two car garage with plenty of storage and a driveway in front to park cars for your guests. It is a must to see. Won't last long.
Condition Rating
Good
This property consists of two distinct units. The back house, built brand new in 2023, features modern amenities, a contemporary kitchen, and updated bathrooms, placing it in excellent condition. The front unit, built in 1956, while older, is presumed to be well-maintained and functional, though its kitchen and bathrooms likely exhibit dated styles and features. The significant presence of a brand new, excellent condition unit elevates the overall property condition to 'Good', making it move-in ready with no immediate major renovations required, despite the older unit potentially needing cosmetic updates.
Pros & Cons
Pros
Multi-Unit Property: The property features two distinct houses on one lot, offering exceptional flexibility for multi-generational living, significant rental income potential, or a combination of both.
Brand New Second Unit: The back house was brand new built in 2023, providing modern amenities, reduced maintenance concerns, and immediate appeal for tenants or family members.
High Income/Investment Potential: Explicitly marketed for investors, the dual-unit setup presents a strong opportunity for generating substantial rental income, appealing to a broad investor base.
Ample Parking and Storage: A two-car garage with additional driveway space for guests is a significant advantage, especially for a multi-unit property, enhancing convenience and value.
High Bedroom/Bathroom Count: With a combined total of 6 bedrooms and 5 bathrooms, the property can comfortably accommodate large families or multiple tenants, maximizing its utility and income-generating capacity.
Cons
Significant Price Discrepancy: The automated property estimation of $791,281.13 is substantially lower than the $1,600,000 list price, indicating a potential overvaluation or a challenge in justifying the asking price to buyers based on standard valuation models.
Age and Potential Condition of Front Unit: The front unit was built in 1956, and without specific mention of recent renovations, it may present an older aesthetic and potentially require updates or maintenance compared to the brand new back unit.
Ambiguous Fourth Bedroom: The description notes the front unit's fourth bedroom is a 'GAME ROOM - CONVERT INTO THE FOURTH BEDROOM,' suggesting it may not be a legally conforming bedroom or could require additional work to function as one, potentially impacting its perceived value or utility.