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2141 Palermo, Tustin, California 92782, Tustin, 92782 - 4 bed, 4 bath

2141 Palermo, Tustin, California 92782 home-pic-0
ACTIVE$2,398,000
2141 Palermo, Tustin, California 92782
4Beds
4Baths
3,337Sqft
8,400Lot

Price Vs. Estimate

The estimated value ($1,651,295.465) is $746,704.535 (31%) lower than the list price ($2,398,000). This property may be overpriced.

Key pros and cons

Top Pros:
Prime Location & Community: Located in the highly desirable Almeria community of Tustin Ranch, offering walking distance to award-winning Tustin Unified Schools and short drives to parks, golf courses, shopping, dining, and major freeways.
Top Cons:
Significant Price Discrepancy: The current listing price of $2.398M is substantially higher than the property estimation value of $1.65M, suggesting a potential overvaluation that may require strong justification or price adjustment.

Compared to the nearby listings

Price:$2.40M vs avg $1.90M (+$503,000)70%
Size:3,337 sqft vs avg 2,400 sqft76%
Price/sqft:$719 vs avg $78427%

More Insights

Built in 1989 (36 years old).
Condition: This property, built in 1989, is in excellent move-in ready condition with significant recent updates. The kitchen features modern white shaker cabinets, quartz countertops and backsplash, and high-end stainless steel appliances, including dual ovens, indicating a recent and thorough renovation. The master bathroom also shows updated vanities, countertops, and fixtures. Hardwood flooring is present in main living areas and bedrooms, appearing well-maintained. The description notes 'New Interior Paint' and 'Paid Solar,' further contributing to its updated status. While some elements like the kitchen and bathroom floor tiles, and the family room built-ins, might not be brand new, they are well-maintained and functional. The overall condition aligns perfectly with the 'Good' criteria, as it's extensively renovated within the last 5-15 years, requires no immediate renovations, and major systems are functional.
Year Built
1989
Close
-
List price
$2.4M
Original List price
$2.5M
Price/Sqft
$719
HOA
$45
Days on market
-
Sold On
-
MLS number
PW25046978
Home ConditionGood
Features
Patio
View-

About this home

Welcome to 2141 Palermo, a Dream Home Located on an Oversized Lot in the Highly Desirable Almeria Community of Tustin Ranch. This Home Boasts Four Bedrooms, Three and a Half Bathrooms (One Bedroom with En-Suite Bath Located on the Main Floor), Upstairs Bonus Room, Paid Solar, New Interior Paint, Soaring Ceilings, and Expansive Backyard. The Formal Living Room Showcases Two Story Vaulted Ceilings, Large Windows, and Opens to the Formal Dining Room with Backyard Access. The Light and Bright Gourmet Kitchen Enjoys Quartz Counters and Backsplash, High-End Stainless Steel Appliances, Dual Ovens, and Breakfast Nook with Backyard Views. The Family Room Features Built-Ins, Cozy Fireplace, Wet Bar, and Opens to the Kitchen and Backyard Which is Perfect for Entertaining. The Spacious Master Suite Includes a Vaulted Ceiling, Sitting Area, Fireplace, Dual Vanities, Walk-In Closet with Built-Ins, Walk-In Shower, and Separate Tub. The Expansive Backyard Includes a Large Patio, Grass Area, Gazebo, and Shed. Indoor Laundry Room with Built-In Cabinets and Sink. Direct Access Three Car Garage with Epoxy Floors and Built-In Cabinets. Walking Distance to Award Winning Tustin Unified Schools. Short Drive to Heritage Park, Tustin Ranch Ranch Golf Course, Tustin Sports Park, Peters Canyon & Irvine Regional Parks, and Tustin/Irvine Marketplace. Easy Access to 241/261 Toll Roads and 5/55 Freeways. 2141 Palermo is a Must See!!

Condition Rating
Good
This property, built in 1989, is in excellent move-in ready condition with significant recent updates. The kitchen features modern white shaker cabinets, quartz countertops and backsplash, and high-end stainless steel appliances, including dual ovens, indicating a recent and thorough renovation. The master bathroom also shows updated vanities, countertops, and fixtures. Hardwood flooring is present in main living areas and bedrooms, appearing well-maintained. The description notes 'New Interior Paint' and 'Paid Solar,' further contributing to its updated status. While some elements like the kitchen and bathroom floor tiles, and the family room built-ins, might not be brand new, they are well-maintained and functional. The overall condition aligns perfectly with the 'Good' criteria, as it's extensively renovated within the last 5-15 years, requires no immediate renovations, and major systems are functional.
Pros & Cons

Pros

Prime Location & Community: Located in the highly desirable Almeria community of Tustin Ranch, offering walking distance to award-winning Tustin Unified Schools and short drives to parks, golf courses, shopping, dining, and major freeways.
Spacious & Versatile Layout: Features four bedrooms, three and a half bathrooms, including a convenient main-floor en-suite bedroom, an upstairs bonus room, and soaring ceilings, providing ample space and flexibility for various living arrangements.
Gourmet Kitchen: The light and bright gourmet kitchen boasts quartz counters and backsplash, high-end stainless steel appliances, dual ovens, and a breakfast nook with backyard views, ideal for culinary enthusiasts.
Entertainer's Backyard: An expansive backyard with a large patio, grass area, gazebo, and shed, seamlessly connected to the family room with a wet bar, creates an ideal setting for entertaining and outdoor living.
Energy Efficiency & Practical Amenities: Equipped with paid solar panels, a direct access three-car garage with epoxy floors and built-in cabinets, and an indoor laundry room, enhancing convenience and reducing utility costs.

Cons

Significant Price Discrepancy: The current listing price of $2.398M is substantially higher than the property estimation value of $1.65M, suggesting a potential overvaluation that may require strong justification or price adjustment.
Absence of Private Pool/Spa: Despite an expansive backyard, the property lacks a private pool or spa, which could be a drawback for buyers seeking this common luxury amenity in the Tustin Ranch market, especially when comparable properties offer them.
No Notable Views: The property explicitly states 'view: None,' which may be a disadvantage for buyers prioritizing scenic outlooks, as some comparable homes in the area offer desirable golf course or city lights views.

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