2737 Lorenzo Avenue, Costa Mesa, California 92626, Costa Mesa, 92626 - 5 bed, 3 bath
ACTIVE$1,899,999
2737 Lorenzo Avenue, Costa Mesa, California 92626
5Beds
3Baths
2,263Sqft
6,240Lot
Price Vs. Estimate
The estimated value ($1,126,177.32) is $773,821.68 (40%) lower than the list price ($1,899,999). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Maude B. Davis Elementary School (9/10).
Top Cons:
Significant Price-to-Value Discrepancy: The current list price of $1,899,999 is considerably higher than the estimated property value of $1,126,177, suggesting potential overpricing or a challenge in justifying the asking price based on current market data.
Compared to the nearby listings
Price:$1.90M vs avg $1.61M (+$293,999)73%
Size:2,263 sqft vs avg 1,944 sqft68%
Price/sqft:$840 vs avg $87844%
More Insights
Built in 1964 (61 years old).
Condition: Despite being built in 1964, this property has undergone an extensive and comprehensive renovation, making it virtually new. The description highlights 'fully remodeled bathrooms,' 'new central HVAC with new ductwork,' 'new electrical panel,' 'new interior & exterior paint,' 'new wide-plank vinyl flooring,' and 'new appliances' in the kitchen. The images confirm a modern aesthetic throughout, featuring luxury oak shaker cabinets, porcelain countertops, contemporary light fixtures, and spacious walk-in showers with high-quality finishes. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1964
Close
-
List price
$1.9M
Original List price
$1.95M
Price/Sqft
$840
HOA
-
Days on market
-
Sold On
-
MLS number
OC25113827
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Neighborhood
Patio
ViewPark/Greenbelt, Neighborhood
About this home
Welcome to a charming single family home located in Mesa Del Mar neighborhood. This home features 5 spacious bedrooms and 3 bathrooms bright and airy. Kitchen with large island porcelain countertops throughout & luxury oak shaker cabinets with LED lights. New appliances with 36” gas burner range, built in microwave, refrigerator, range hood, dishwasher. New central HVAC with new ductwork, electrical panel, new interior & exterior paint, door trims & baseboards, recess lightings throughout, new entry & interior doors, new wide-plank vinyl flooring, contemporary stair rails. Fully remodeled bathrooms with porcelain vanity sinks and spacious walk-in shower. The home also features new landscaping with a drip/sprinkler system and finished garage with epoxy.
Nearby schools
9/10
Maude B. Davis Elementary School
Public,•PK-6•0.3mi
8/10
Sonora Elementary School
Public,•PK-6•0.4mi
6/10
Costa Mesa High School
Public,•7-12•0.3mi
Condition Rating
Excellent
Despite being built in 1964, this property has undergone an extensive and comprehensive renovation, making it virtually new. The description highlights 'fully remodeled bathrooms,' 'new central HVAC with new ductwork,' 'new electrical panel,' 'new interior & exterior paint,' 'new wide-plank vinyl flooring,' and 'new appliances' in the kitchen. The images confirm a modern aesthetic throughout, featuring luxury oak shaker cabinets, porcelain countertops, contemporary light fixtures, and spacious walk-in showers with high-quality finishes. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
Great Schools: Elementary School: Maude B. Davis Elementary School (9/10).
Comprehensive Modern Renovation: The property boasts extensive recent upgrades including a new kitchen with high-end appliances, fully remodeled bathrooms, new flooring, paint, and lighting, offering a modern, turn-key living experience.
Major Infrastructure Updates: Key systems like the central HVAC with new ductwork and the electrical panel have been recently replaced, providing enhanced efficiency, comfort, and peace of mind for future owners.
Generous Living Space & Bedroom Count: With 5 spacious bedrooms and 3 bathrooms across 2263 sqft, the home offers ample room for larger families or flexible living arrangements.
Prime Mesa Del Mar Location: Situated in the desirable Mesa Del Mar neighborhood, known for its charm and established community feel.
Top-Rated School Access: Proximity to highly-rated elementary schools (Sonora Elementary, Maude B. Davis Elementary) and Costa Mesa High School makes this an attractive option for families.
Cons
Significant Price-to-Value Discrepancy: The current list price of $1,899,999 is considerably higher than the estimated property value of $1,126,177, suggesting potential overpricing or a challenge in justifying the asking price based on current market data.
Absence of Premium Outdoor Amenities: Unlike some comparable properties, this home does not feature high-demand amenities such as a swimming pool or solar panels, which could be a competitive disadvantage at its price point.
Original Construction Year: Despite extensive interior renovations, the 1964 build year might deter some buyers who prefer newer construction, potentially raising concerns about the original foundation or other unseen structural elements.