2341 Terraza Place, Fullerton, California 92835, Fullerton, 92835 - 4 bed, 3 bath
2341 Terraza Place
Fullerton, California 92835
Property Price
SUMMARY
Analysis of 2341 Terraza Place, Fullerton, California 92835 reveals a Fairly Priced Property with a current list price of $1,780,000 aligned with the estimated $1,781,768 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Fullerton Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2341 Terraza Place Subject | $1,780,000* List Price | 4 | 3 | 3,054 | $583 | - |
A 1911 Yucca Sold | $1,750,000 | 4 | 3 | 2,590 | $676 | 0.4 mi |
B 2000 Redondo Sold | $1,450,000 | 4 | 3 | 2,577 | $563 | 0.5 mi |
C 3650 Coronado Drive Sold | $1,421,000 | 4 | 2 | 2,246 | $633 | 1.0 mi |
D 2711 Anacapa Place Sold | $1,581,000 | 3 | 2 | 2,363 | $669 | 0.2 mi |
E 1534 Sunny Crest Drive Active | $1,625,000 List Price | 4 | 3 | 2,525 | $644 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1963, the property is well-maintained but largely in original or dated condition. The kitchen and bathrooms feature older dark wood cabinetry, tile countertops, and aged appliances that lack modern luxury appeal. While the home is spacious and functional, the listing explicitly highlights the need for modernization and 'substantial updates' to meet current market standards, fitting the criteria for a property that is aged but maintained through regular upkeep.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 18750, living area = 3054.
- Great Schools
Elementary School: Laguna Road Elementary School (9/10). High School: Sunny Hills High School (9/10).
- Premier School District
The property is zoned for top-tier institutions, including Laguna Road Elementary and Sunny Hills High School, both of which carry prestigious ratings and drive long-term value.
CONSRISKS & DEFICIENCIES
- Modernization Required
Built in 1963 and marketed as an opportunity for customization, the home likely requires substantial updates to its interior finishes and systems to meet modern luxury standards.
- Lack of Scenic Views
Despite its location in the Fullerton Hills, the property record indicates no significant views, which may be a drawback for buyers specifically seeking the panoramic vistas common to the area.
About 2341 Terraza Place
Nestled in the desirable hills of Fullerton, this exceptional property on a tranquil cul-de-sac offers privacy, space, and outstanding potential. Located in a well-established residential neighborhood, 2341 Terraza Place features a generously sized lot with mature landscaping and an inviting residential setting ideal for comfortable living or future customization. The home presents a unique opportunity for owner-occupants, investors, or buyers seeking to update and personalize a property in one of North Orange County's most sought-after communities. Enjoy close proximity to local parks, shopping, dining, and top-rated schools, while benefiting from convenient access to major freeways for commuting throughout Orange County and Los Angeles. With its prime location, peaceful surroundings, and strong upside potential, this property is a rare opportunity to own in the prestigious Fullerton hills.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 18,750 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Fullerton Unified Schools
Laguna Road Elementary School
Grades K-6 • 0.3 mi
D. Russell Parks Junior High School
Grades 7-8 • 1.0 mi
Sunny Hills High School
Grades 9-12 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,054 | 2,180 | 86% |
| Lot Size | 18,750 | 8,032 | 83% |
| Price | $1.78M | $1.30M | 82% |
| Price per sq ft | $583 | $616 | 43% |
| Built year | 1963 | 1966 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 163 | 1% |
Pricing History
Listed for Sale
Feb 20, 2026
$1,780,000
Initial Listing
Sold
Dec 10, 2002
$675,000
Public Record