3138 Ocean Terrace, Marina, California 93933, Marina, 93933 - 4 bed, 3 bath
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3138 Ocean Terrace
Marina, California 93933
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,360Sq Ft
4,252Lot Size
Property Price
LIST PRICE$949,000
EST. MARKET VALUE
$1,005,675
5% BelowMARKET VALUE
SUMMARY
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $949,000—positioned well below the $1,005,676 Fair Market Value by 5%. This valuation gap provides $56,676 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home offers a low-maintenance lifestyle with modern kitchen appliances and a prime location facing the community green space. It is an ideal acquisition for Owner-Occupants seeking a turnkey home or first-time buyers prioritizing long-term value.
Estimated Market Value
$1,005,675+$56,675 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Marina.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3138 Ocean Terrace Subject 4 bd · 3 ba · 2,360 sqft · $426 | $949,000* List Price | 4 | 3 | 2,360 | $426 | - |
A 391 Ocean View Court Sold 3 bd · 3 ba · 1,850 sqft · $468 · 0.0 mi | $865,000 | 3 | 3 | 1,850 | $468 | 0.0 mi |
B 425 Exeter Place Sold 4 bd · 2 ba · 1,984 sqft · $453 · 0.2 mi | $899,000 | 4 | 2 | 1,984 | $453 | 0.2 mi |
C 273 Santa Lucia Lane Active 4 bd · 3 ba · 2,267 sqft · $492 · 0.6 mi | $1,115,078 List Price | 4 | 3 | 2,267 | $492 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2003 (21 years old), the property is exceptionally well-maintained and move-in ready. The kitchen features updated stainless steel appliances and modern countertops, while the bathrooms show refreshed flooring. It sits on the border of Good and Fair due to age, but the high level of maintenance and functional updates justify a Good rating.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Interior Layout
The 2,360 sqft floor plan features high ceilings and a generous primary suite with a walk-in closet and double vanity, offering ample room for families or those needing extra space.
- Desirable Community Position
Uniquely situated facing the HOA's common green space, this home offers a more open feel than neighboring properties and benefits from a newly installed Tesla charging station nearby.
- Low-Maintenance Exterior
The property features hardscaped outdoor areas and minimal landscaping, perfect for a lock-and-leave lifestyle without the burden of extensive yard maintenance.
CONSRISKS & DEFICIENCIES
- Modest School Ratings
The assigned elementary and middle schools carry lower ratings (3/10), which may be a consideration for families prioritizing high-performing school districts.
- Limited Lot Size
With a lot size of 4,252 sqft, the outdoor space is primarily hardscaped and compact, which may not appeal to buyers seeking a traditional large backyard or garden space.
About 3138 Ocean Terrace
Enjoy the spacious layout and perks of a low-maintenance lifestyle from this four bedroom, two and one half bathroom home in the coveted Ocean Terrace community in Marina. This floor plan is generous and thoughtfully appointed. Upon entry, high ceilings open into the living and dining rooms which adjoin the kitchen and laundry with a powder room on the ground floor level. Upstairs, the roomy primary bedroom suite has an ensuite bathroom with oversized bathtub, shower, double vanity, and large walk-in closet. Three guest bedrooms share a full hall bath, all of which are also located upstairs. The home has plenty of room for storage throughout. Outside, the yard has hardscaped areas to enjoy the outdoor space with minimal, low-maintenance landscaping. An attached two-car garage offers plenty of space for cars, hobbies, or gym equipment. This property is one of the few which face the HOA's common green space and a new Tesla charging station was recently installed just around the corner. Developed in the early 2000s, this well-kept community is ready for a new neighbor.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 4,252 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $106.0 / Month
Neighborhood Insights
Marina Unified Schools
Marina Vista Elementary School
Grades K-5 • 0.2 mi
3/10
Los Arboles Middle School
Grades 6-8 • 0.7 mi
3/10
Marina High School
Grades 9-12 • 0.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,360 | 2,033.773 |
| Lot Size | 4,252 | 5,975.318 |
| Price | $949.0K | $1.02M |
| Price per sq ft | $402 | $514 |
| Built year | 2003 | 2016 |
| HOA | $106.0 | $190 |
| Days on market | 30 | 87 |
Pricing History
Listed for Sale
Sep 24, 2026
$949,000
Initial Listing
Sold
Apr 10, 2008
$607,500
Public Record
Sold
Aug 18, 2005
$808,000
Public Record
Sold
Jul 24, 2003
$501,000
Public Record