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3225 Topaz Lane, Fullerton, California 92831, Fullerton, 92831 - 3 bed, 2 bath

3225 Topaz Lane, Fullerton, California 92831 home-pic-0
ACTIVE$775,000
3225 Topaz Lane, Fullerton, California 92831
3Beds
2Baths
1,367Sqft
2,534Lot

Price Vs. Estimate

The estimated value ($729,115.18) is $45,884.82 (5%) lower than the list price ($775,000). This property may be overpriced.

Key pros and cons

Top Pros:
Accessible Single-Level Living: Features a desirable single-level layout with no steps and an open floor plan, enhancing accessibility and ease of movement.
Top Cons:
Monthly Association Fee: A recurring monthly association fee of $350 adds to the overall cost of homeownership, which buyers must factor into their budget.

Compared to the nearby listings

Price:$775.0K vs avg $1.19M ($-412,500)7%
Size:1,367 sqft vs avg 1,870.5 sqft20%
Price/sqft:$567 vs avg $66618%

More Insights

Built in 1963 (62 years old).
Condition: This property, built in 1963, has undergone significant recent updates in most areas, as stated in the description and evidenced by the images. The kitchen features modern stainless steel appliances, updated white cabinetry, and solid surface countertops, presenting a clean and functional space. Bathrooms also show modern vanities and fixtures. Throughout the home, there is consistent laminate wood flooring, recessed lighting, and modern ceiling fans, indicating a recent renovation within the last 5-15 years. The property is move-in ready with minimal wear and tear, and the fully paid-for solar installation is a significant modern upgrade. While the kitchen backsplash and floor might not be brand new, they are well-maintained and do not detract from the overall 'good' condition. The lack of an explicitly mentioned cooling system is a minor drawback but doesn't outweigh the extensive updates.
Year Built
1963
Close
-
List price
$775K
Original List price
$825K
Price/Sqft
$567
HOA
$350
Days on market
-
Sold On
-
MLS number
DW25149631
Home ConditionGood
Features
View-

About this home

This single level home without steps looks and feels wonderful, welcome home! With an open floor plan all on one level, what more do you want or need. This 3-bedroom and 2-bath home sits in the College Greens community in Fullerton. The home has recently been updated in most areas. The community offers two pools and mature trees along with green belts everywhere. You have a large backyard for entertaining or just relaxing. There are no adjoining walls in the home and you have all the amenities you may want without the upkeep. The home also features a full size laundry area in the home and an extended 2-car garage with lots of storage. With additional parking for visitors and guests nearby you can’t go wrong. The convenience is all here and waiting for the right buyers. The solar installation has been completely paid for. All Appliances are included. This is a PUD and is considered a SFR for financing purposes so VA and FHA financing is welcome.

Condition Rating
Good
This property, built in 1963, has undergone significant recent updates in most areas, as stated in the description and evidenced by the images. The kitchen features modern stainless steel appliances, updated white cabinetry, and solid surface countertops, presenting a clean and functional space. Bathrooms also show modern vanities and fixtures. Throughout the home, there is consistent laminate wood flooring, recessed lighting, and modern ceiling fans, indicating a recent renovation within the last 5-15 years. The property is move-in ready with minimal wear and tear, and the fully paid-for solar installation is a significant modern upgrade. While the kitchen backsplash and floor might not be brand new, they are well-maintained and do not detract from the overall 'good' condition. The lack of an explicitly mentioned cooling system is a minor drawback but doesn't outweigh the extensive updates.
Pros & Cons

Pros

Accessible Single-Level Living: Features a desirable single-level layout with no steps and an open floor plan, enhancing accessibility and ease of movement.
Recent Updates: The home has been recently updated in most areas, reducing immediate renovation needs and offering a fresh aesthetic for buyers.
Robust Community Amenities: Residents benefit from access to two community pools, mature landscaping, and extensive green belts, fostering a desirable lifestyle.
Significant Cost Savings: Includes a fully paid-for solar installation and all appliances, offering substantial long-term utility savings and immediate move-in convenience.
Broad Financing Options: Classified as a PUD but eligible for VA and FHA financing, significantly expanding the potential buyer pool and making it accessible to more purchasers.

Cons

Monthly Association Fee: A recurring monthly association fee of $350 adds to the overall cost of homeownership, which buyers must factor into their budget.
Lack of Explicit Cooling System: The property description does not explicitly mention a cooling system (e.g., central AC), which could be a significant drawback during warmer months in Fullerton.
Pricing Strategy & Market Perception: Multiple price reductions and a current list price above the automated valuation model (AVM) suggest potential market resistance or an aggressive initial pricing strategy.

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