2924 W Mcfadden Avenue, Santa Ana, California 92704, Santa Ana, 92704 - 4 bed, 2 bath
ACTIVE$849,999
2924 W Mcfadden Avenue, Santa Ana, California 92704
4Beds
2Baths
1,361Sqft
7,548Lot
Price Vs. Estimate
The estimated value ($804,548.275) is $45,450.725 (5%) lower than the list price ($849,999). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 7548, living area = 1361.
Top Cons:
Potential for Significant Updates: A 1961 build likely requires substantial investment in modernizing systems (e.g., electrical, plumbing, HVAC) and interior finishes to meet current standards.
Compared to the nearby listings
Price:$850.0K vs avg $930.0K ($-80,001)30%
Size:1,361 sqft vs avg 1,490 sqft37%
Price/sqft:$625 vs avg $64046%
More Insights
Built in 1961 (64 years old).
Condition: Built in 1961, this property is over 60 years old with no indication of recent major renovations. The MLS listing explicitly notes that it 'likely requires substantial investment in modernizing systems (e.g., electrical, plumbing, HVAC) and interior finishes to meet current standards.' The exterior image shows an older home with dated features (e.g., shutters, roof condition) and neglected landscaping. Without interior photos, it's inferred that the kitchen, bathrooms, and other interior elements are original or very old, necessitating significant updates and rehabilitation. This aligns with the 'Poor' condition criteria, indicating substantial repairs are needed for major components and interior finishes.
Year Built
1961
Close
-
List price
$850K
Original List price
$850K
Price/Sqft
$625
HOA
-
Days on market
-
Sold On
-
MLS number
OC25182182
Home ConditionPoor
Features
View-
About this home
Condition Rating
Poor
Built in 1961, this property is over 60 years old with no indication of recent major renovations. The MLS listing explicitly notes that it 'likely requires substantial investment in modernizing systems (e.g., electrical, plumbing, HVAC) and interior finishes to meet current standards.' The exterior image shows an older home with dated features (e.g., shutters, roof condition) and neglected landscaping. Without interior photos, it's inferred that the kitchen, bathrooms, and other interior elements are original or very old, necessitating significant updates and rehabilitation. This aligns with the 'Poor' condition criteria, indicating substantial repairs are needed for major components and interior finishes.
Pros & Cons
Pros
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 = 7548, living area = 1361.
Generous Lot Size: The 7,548 sqft lot provides ample outdoor space for recreation, gardening, or potential future expansion.
Family-Friendly Configuration: With 4 bedrooms and 2 bathrooms, the property offers a practical layout suitable for families.
Prime Santa Ana Location: Situated in a desirable Orange County city, offering convenient access to local amenities, schools, and transportation.
Single-Family Home Appeal: As a standalone residence, it provides privacy, land ownership, and generally stronger long-term value appreciation.
Established Neighborhood Character: Built in 1961, the home is part of a mature community, often characterized by tree-lined streets and a sense of permanence.
Cons
Potential for Significant Updates: A 1961 build likely requires substantial investment in modernizing systems (e.g., electrical, plumbing, HVAC) and interior finishes to meet current standards.
Listing Price Exceeds Estimate: The current list price is 3% higher than the property's estimated value, which could impact buyer perception and negotiation.
Limited Interior Space for Bedroom Count: At 1,361 sqft for 4 bedrooms, the individual room sizes and overall living area may feel compact for some buyers.