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2503 Newman Avenue, Tustin, California 92782, Tustin, 92782 - 4 bed, 3 bath

2503 Newman Avenue, Tustin, California 92782 home-pic-0
ACTIVE$2,295,000$2,663/sqft
Est. Value: $2,112,112
-7%
AboveEstimate
2503 Newman Avenue, Tustin, California 92782
4Beds
3Baths
2,663Sqft
5,400Lot

Price Vs. Estimate

The estimated value ($2,112,112.375) is $182,887.625 (7%) lower than the list price ($2,295,000). This property may be overpriced.

Key pros and cons

Top Pros:
Turn-Key & Remodeled Condition: This 'Turn-Key Dream Home' has been extensively remodeled with countless owner upgrades, including wood floors, a new water heater, and a newer HVAC system, ensuring modern comfort and reduced immediate maintenance for the buyer.
Top Cons:
Lack of Specific View: The property description explicitly states 'view: None', which may be a drawback for buyers prioritizing scenic vistas or panoramic views in a high-value area.

Compared to the nearby listings

Price:$2.29M vs avg $1.94M (+$357,500)56%
Size:2,663 sqft vs avg 2,501 sqft53%
Price/sqft:$862 vs avg $78491%

More Insights

Built in 1997 (29 years old).
Condition: This property, built in 1997, has undergone extensive and recent renovations, as evidenced by the 'Remodeled Home' description, 'Countless Owner Upgrades,' 'New Water Heater,' and 'Newer HVAC System.' The kitchen features modern white shaker cabinets, granite countertops, and stainless steel appliances, all appearing virtually new. Bathrooms are also updated with contemporary finishes, including stylish tiling, modern vanities, and fixtures. High-quality wood floors are present throughout the home, and all components appear to meet current quality standards with no deferred maintenance, aligning with the 'extensively renovated within 5 years' criteria for an excellent rating.
Year Built
1997
Close
-
List price
$2.29M
Original List price
$2.29M
Price/Sqft
$862
HOA
$250
Days on market
-
Sold On
-
MLS number
PW25279521
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome to 2503 Newman Avenue, a Turn-Key Dream Home Located on a Coveted Interior Lot in the Gated El Dorado Community of Tustin Ranch. This Remodeled Home Enjoys Four Bedrooms and Three Bathrooms (Main Floor Bedroom is Currently Used as an Office), Bonus Room, New Water Heater, Newer HVAC System, Wood Floors, and Countless Owner Upgrades Throughout. The Open Concept Living Room and Dining Room Showcase Plantation Shutters and Backyard Views. The Gourmet Kitchen Features Ample Cabinet Space, Granite Counters, Island, Stainless Steel Appliances, and a Breakfast Nook with Backyard Access. The Kitchen Opens to the Family Room with Cozy Fireplace and Built-Ins. The Luxurious Master Retreat Enjoys A Double Door Entry, Seating Area with Fireplace, Crown Molding and Backyard Views. The Spa-Like Master Bathroom Showcases a Walk-In Shower, Separate Tub, Dual Vanity, and a Large Walk-In Closet. Convenient Upstairs Laundry Room with Built-In Cabinets and Sink. The Well-Maintained Backyard Features a Patio, Grass Area, and Mature Trees. Direct Access Three Car Garage with Built-In Storage and Epoxy Floors. Community Amenities Include Two Gated Entries, Pool, Spa, BBQ Area, Green Belt, and Playground. Walking Distance to Peters Canyon Elementary School, Pioneer Middle School, Cedar Grove Park and Peters Canyon Park. Short Drive to Tustin Ranch Golf Club and The Marketplace. Easy Access to 241/261 Toll Roads and 5/55 Freeways. 2503 Newman Avenue is a Must See!

J
John Katnik
Listing Agent

Price History

Date
Event
Price
05/15/98
Sold
$337,000
Condition Rating
Excellent
This property, built in 1997, has undergone extensive and recent renovations, as evidenced by the 'Remodeled Home' description, 'Countless Owner Upgrades,' 'New Water Heater,' and 'Newer HVAC System.' The kitchen features modern white shaker cabinets, granite countertops, and stainless steel appliances, all appearing virtually new. Bathrooms are also updated with contemporary finishes, including stylish tiling, modern vanities, and fixtures. High-quality wood floors are present throughout the home, and all components appear to meet current quality standards with no deferred maintenance, aligning with the 'extensively renovated within 5 years' criteria for an excellent rating.
Pros & Cons

Pros

Turn-Key & Remodeled Condition: This 'Turn-Key Dream Home' has been extensively remodeled with countless owner upgrades, including wood floors, a new water heater, and a newer HVAC system, ensuring modern comfort and reduced immediate maintenance for the buyer.
Desirable Gated Community & Amenities: Located in the coveted Gated El Dorado Community of Tustin Ranch, residents benefit from enhanced security and a wealth of amenities including two gated entries, a pool, spa, BBQ area, green belt, and playground.
Prime Location & Accessibility: The property boasts an excellent location within walking distance to top-rated schools (Peters Canyon Elementary, Pioneer Middle), parks (Cedar Grove, Peters Canyon), and a short drive to Tustin Ranch Golf Club and The Marketplace, with easy freeway access for commuters.
Upgraded Gourmet Kitchen & Master Suite: Features a gourmet kitchen with granite counters, an island, stainless steel appliances, and a breakfast nook, complemented by a luxurious master retreat with a seating area, fireplace, and a spa-like bathroom.
Functional Layout & Garage: Offers a versatile floor plan with four bedrooms (one currently an office), a bonus room, an open-concept living area, and a direct access three-car garage with built-in storage and epoxy floors.

Cons

Lack of Specific View: The property description explicitly states 'view: None', which may be a drawback for buyers prioritizing scenic vistas or panoramic views in a high-value area.
Monthly Association Fees: A recurring monthly association fee of $250.0 adds to the overall cost of homeownership, which potential buyers will need to factor into their budget.
Average Lot Size: With a lot size of 5,400 sqft for a 2,663 sqft home, some buyers seeking a larger outdoor living space or more expansive yard in a suburban setting might find it to be on the smaller side.
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