33371 Cheltam Way 3, Dana Point, California 92629, Dana Point, 92629 - 3 bed, 2 bath
33371 Cheltam Way 3
Dana Point, California 92629
Property Price
SUMMARY
Analysis of 33371 Cheltam Way 3, Dana Point, California 92629 is currently available with a list price of $855,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Dana Point Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1977, this condominium is well-maintained but shows its age and requires significant updates to meet modern standards. The kitchen has been updated with granite countertops, oak cabinets, and relatively newer black appliances, which is a positive. However, the bathrooms are notably dated, featuring older vanities, basic strip lighting, and undesirable carpeted floors in at least two of them, indicating a need for full renovation. Other areas, such as the living room and stairs, feature older carpeting and light fixtures. The property lacks central air conditioning, which is a significant comfort concern. While functional, the home is aged and requires minor to moderate updates, particularly in the bathrooms, to enhance its appeal and functionality.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: John Malcom Elementary School (9/10).
- No Monthly HOA Fees
A significant and rare advantage for a condominium, eliminating ongoing monthly association costs.
- Prime Coastal Investment Location
Less than a mile from Doheny State Beach and the undergoing renovation Dana Point Harbor, offering strong appreciation potential and desirable lifestyle benefits.
CONSRISKS & DEFICIENCIES
- Property Age & Potential for System Updates
Built in 1977, the property's age suggests that major systems (e.g., plumbing, electrical) may be original or nearing the end of their lifespan, potentially requiring future investment.
- Absence of Central Air Conditioning
The listing does not mention a cooling system, which could be a significant comfort concern during warmer periods.
- Converted Triplex Structure
Originally a triplex, its conversion to individual condominiums, while approved, may lead to unique considerations regarding shared walls, soundproofing, or common area maintenance compared to a purpose-built condo.
About 33371 Cheltam Way 3
BEAUTIFUL MAINTAINED CONDOMINIUM NEAR DANA HILLS HIGH SCHOOL. UNIT INCLUDES 2 BEDROOMS + DEN ( USED AS A THIRD BEDROOM), LIVING ROOM WITH WOOD BURNING FIREPLACE, LARGE KITCHEN AREA WITH GRANITE COUNTERTOPS AND WITH SEPARATE EATING AREA AND INSIDE LAUNDRY HOOKUPS. UNIT HAS A LARGE PRIVATE PATIO AREA(APPROX. 18X54)THAT SEPARATES THE MAIN UNIT FROM 2 CAR GARAGE WHICH ALLOWS DIRECT ACCESS FROM GARAGE THRU PATIO TO UNIT. OAK CABINETS AND GRANITE COUNTERTOPS AND APPROXIMATELY 1320 SQ FT., AND LESS THAN 1 MILE TO DOHENY STATE BEACH AND DANA POINT HARBOR WHICH IS UNDERGOING MAJOR RENOVATION, MAKES THIS UNIT A GREAT INVESTMENT. OTHER TWO UNITS IN BUILDING ARE FOR SALE ALSO, WAS ORIGINALLY A TRIPLEX BUT YEARS AGO A SUBDIVISION MAP WAS FILED AND APPROVED AND EACH UNIT IS AN INDIVIDUAL CONDOMINIUM WITH ITS OWN AP#, CITY AND COUNTY SAYS THERE READY TO BE SOLD AS INDIVIDUAL CONDOS. MORE SQUARE FOOTAGE, LARGER LOT, AND 2+ EXTRA PARKING SPACES BEHIND THE 2 CAR GARAGE, MAKE THIS A FANTASTIC OPPORTUNITY, AND BEST OF ALL THERE IS NO MONTHLY HOA FEE!! MAKE OFFER SUBJECT TO INTERIOR INSPECTION,
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- 2,733 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Dana Point Unified Schools
Richard Henry Dana Elementary School
Grades K-5 • 0.9 mi
Del Obispo Elementary School
Grades K-5 • 1.1 mi
John Malcom Elementary School
Grades K-5 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 69% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,320 | 1,320 | 50% |
| Lot Size | 2,733 | 1,400 | 57% |
| Price | $855.0K | $1.10M | 39% |
| Price per sq ft | $648 | $815 | 10% |
| Built year | 1977 | 1983 | 20% |
| HOA | $0 | $590 | 4% |
| Days on market | 730 | 183 | 0% |
Pricing History
Listed for Sale
Mar 7, 2024
$855,000
Initial Listing