18 Elissa, Ladera Ranch, California 92694, Ladera Ranch, 92694 - 5 bed, 6 bath
ACTIVE$2,895,000
18 Elissa, Ladera Ranch, California 92694
5Beds
6Baths
5,100Sqft
12,561Lot
Price Vs. Estimate
The estimated value ($2,895,000) is $0 (0%) lower than the list price ($2,895,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exclusive Guard-Gated Community: The property is located in the exclusive guard-gated community of Covenant Hills, offering enhanced security, prestige, and a desirable living environment.
Top Cons:
High Monthly Association Fees: A substantial monthly association fee of $610 adds a significant recurring cost to homeownership, which could be a deterrent for some buyers.
Compared to the nearby listings
Price:$2.90M vs avg $1.48M (+$1,412,500)90%
Size:5,100 sqft vs avg 2,201 sqft98%
Price/sqft:$568 vs avg $64312%
More Insights
Built in 2005 (20 years old).
Condition: The property, built in 2005, has undergone a recent and extensive renovation, as explicitly stated in the description ('newly renovated fabulous home') and confirmed by the high-quality images. The kitchen features new spacious cabinets, modern countertops, and high-end stainless steel appliances. All bathrooms are renovated with contemporary fixtures, vanities, and tiling, including a luxurious freestanding tub and walk-in shower. New tile flooring on the first floor and wood flooring on the second level contribute to a fresh, modern aesthetic. All components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards, aligning perfectly with the 'excellent' criteria for a property extensively renovated within the last 5 years.
Year Built
2005
Close
-
List price
$2.9M
Original List price
$2.9M
Price/Sqft
$568
HOA
$610
Days on market
-
Sold On
-
MLS number
IG25216451
Home ConditionExcellent
Features
View-
About this home
Beautiful estate home on a private lot tucked at the end of a small cul de sac in the exclusive guard gated community of Covenant Hills. This newly renovated fabulous home features 5100 square feet of living space with 5 bedrooms, 6 bathrooms, 3 car garage and oversized 12,561 square feet coroner lot. This home is newly renovated with new spacious kitchen cabinets, countertops. Renovated bathrooms and new tile flooring on first floor and wood flooring on 2nd level. Don't miss your opportunity to embrace the Ladera Ranch lifestyle filled with amazing neighborhood.
Condition Rating
Excellent
The property, built in 2005, has undergone a recent and extensive renovation, as explicitly stated in the description ('newly renovated fabulous home') and confirmed by the high-quality images. The kitchen features new spacious cabinets, modern countertops, and high-end stainless steel appliances. All bathrooms are renovated with contemporary fixtures, vanities, and tiling, including a luxurious freestanding tub and walk-in shower. New tile flooring on the first floor and wood flooring on the second level contribute to a fresh, modern aesthetic. All components appear new or virtually new, indicating no deferred maintenance and meeting current quality standards, aligning perfectly with the 'excellent' criteria for a property extensively renovated within the last 5 years.
Pros & Cons
Pros
Exclusive Guard-Gated Community: The property is located in the exclusive guard-gated community of Covenant Hills, offering enhanced security, prestige, and a desirable living environment.
Extensive Recent Renovation: The home has been newly renovated with spacious kitchen cabinets, new countertops, renovated bathrooms, and new tile/wood flooring, providing a modern, move-in ready condition.
Spacious Estate Living: Boasting 5100 square feet of living space with 5 bedrooms and 6 bathrooms, this estate home offers ample room for a large family and entertaining.
Private & Oversized Lot: Situated on a private, oversized 12,561 square feet lot at the end of a small cul-de-sac, ensuring privacy and generous outdoor space.
Significant Value Proposition: The listing price of $2.895M is 15% below its estimated value of $3.357M, suggesting a strong potential for immediate equity or a competitive purchase.
Cons
High Monthly Association Fees: A substantial monthly association fee of $610 adds a significant recurring cost to homeownership, which could be a deterrent for some buyers.
Lack of Specified Views: The property description explicitly states 'view: None,' which might be a drawback for a luxury estate home in this price range, where buyers often expect scenic vistas.
Potential HOA Restrictions: As part of an exclusive guard-gated community, there may be strict Homeowners Association rules and regulations that could limit personal modifications or lifestyle choices.