2573 Newman Avenue, Tustin, California 92782, Tustin, 92782 - 5 bed, 3 bath
ACTIVE$2,395,900
2573 Newman Avenue, Tustin, California 92782
5Beds
3Baths
3,001Sqft
5,300Lot
Price Vs. Estimate
The estimated value ($1,842,641.085) is $553,258.915 (23%) lower than the list price ($2,395,900). This property may be overpriced.
Key pros and cons
Top Pros:
Generous Living Space: With 5 bedrooms, 3 full bathrooms, and 3001 sqft, the property offers substantial space suitable for larger families.
Top Cons:
Substantial Overpricing: The current list price of $2,395,900 is significantly above the estimated market value of $1,842,641 and recent comparable sales, indicating a potential disconnect with market expectations.
Compared to the nearby listings
Price:$2.40M vs avg $1.90M (+$498,400)71%
Size:3,001 sqft vs avg 2,448.5 sqft68%
Price/sqft:$798 vs avg $78761%
More Insights
Built in 1998 (27 years old).
Condition: The property was built in 1998, making it 26 years old. While the exterior appears well-maintained in the provided images, there are no interior images to assess the condition of the kitchen, bathrooms, or other key features. Crucially, the property analysis explicitly states 'Absence of Noted Modern Upgrades.' This suggests that the interior, including kitchen appliances, light fixtures, and bathroom styles, likely reflects its original late 1990s construction, meaning components are functional but show signs of being outdated and would require minor updates to meet current aesthetic standards.
Year Built
1998
Close
-
List price
$2.4M
Original List price
$2.48M
Price/Sqft
$798
HOA
$210
Days on market
-
Sold On
-
MLS number
OC24212339
Home ConditionFair
Features
Good View: Trees/Woods
ViewTrees/Woods
About this home
Beautiful 5 bedroom, 3 full bath home in El Dorado Community, Tustin Ranch, Orange County, CA.
Condition Rating
Fair
The property was built in 1998, making it 26 years old. While the exterior appears well-maintained in the provided images, there are no interior images to assess the condition of the kitchen, bathrooms, or other key features. Crucially, the property analysis explicitly states 'Absence of Noted Modern Upgrades.' This suggests that the interior, including kitchen appliances, light fixtures, and bathroom styles, likely reflects its original late 1990s construction, meaning components are functional but show signs of being outdated and would require minor updates to meet current aesthetic standards.
Pros & Cons
Pros
Generous Living Space: With 5 bedrooms, 3 full bathrooms, and 3001 sqft, the property offers substantial space suitable for larger families.
Prime Tustin Ranch Location: Situated in the desirable El Dorado Community within Tustin Ranch, known for its reputable Tustin Unified School District and family-friendly environment.
Community Amenities: As part of the El Dorado community, residents likely benefit from shared amenities such as pools, spas, and green belts, enhancing lifestyle appeal.
Pleasant Views: The property boasts 'Trees/Woods' views, providing a serene and aesthetically pleasing environment.
Relatively Modern Construction Year: Built in 1998, the home is of a more recent construction compared to many older properties, potentially implying better structural integrity and design.
Cons
Substantial Overpricing: The current list price of $2,395,900 is significantly above the estimated market value of $1,842,641 and recent comparable sales, indicating a potential disconnect with market expectations.
Prolonged Market Duration: Having been on the market for approximately 8 months (since 2024-10-17) suggests a lack of buyer interest or perceived value at the current price point.
Absence of Noted Modern Upgrades: The property description lacks mention of significant recent renovations or high-end features (e.g., remodeled kitchen, updated baths, smart home tech) that are often expected in homes at this price level, especially when compared to upgraded competitive listings.