3702 Mercado Drive, Brea, California 92823, Brea, 92823 - 3 bed, 4 bath
3702 Mercado Drive
Brea, California 92823
Property Price
SUMMARY
Analysis of 3702 Mercado Drive, Brea, California 92823 reveals a Fairly Priced Property with a current list price of $1,877,000 aligned with the estimated $1,889,072 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Brea 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3702 Mercado Drive Subject | $1,877,000* List Price | 3 | 4 | 3,166 | $597 | - |
A 326 La Ventana Drive Sold | $1,729,000 | 4 | 3 | 2,712 | $638 | 0.1 mi |
B 390 Terrazo Drive Sold | $1,550,000 | 2 | 2 | 2,216 | $699 | 0.1 mi |
C 3730 E Glorietta Active | $1,650,000 List Price | 3 | 2 | 2,350 | $702 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2017, this property is less than 10 years old and meets the highest quality standards. It features a luxury chef’s kitchen, premium tile flooring, and modern systems including an EV charging station and a whole-house water softener, with no evidence of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Golden Elementary School (9/10). Middle School: Yorba Linda Middle School (9/10).
- Optimized Senior Living Layout
The residence features two primary ensuite bedrooms on the main level, offering the convenience of single-level living while providing a spacious upper-level suite for guests or multi-generational needs.
- Premium Location & Serene Setting
Backing onto a lush golf course and Carbon Canyon Park, the property offers a tranquil environment with immediate proximity to Whole Foods and high-end dining at La Floresta.
CONSRISKS & DEFICIENCIES
- Age-Restricted Demographic
Being located within a 55+ gated community limits the potential buyer pool to a specific age demographic, which can impact long-term resale flexibility.
- Significant Monthly HOA Dues
The $470 monthly association fee, while covering resort-style amenities, adds a substantial recurring carrying cost to the property's high-end price point.
About 3702 Mercado Drive
WELCOME TO LUXURY 55+ GATED STUNNING SINGLE-FAMILY HOUSE IN BUENA VIDA AT LA FLORESTA! This residence is thoughtfully designed for senior living, offering expansive spaces and exceptional comfort. The main level features two ensuite bedrooms, providing convenient single-level living, while the upper level includes a spacious loft and an additional large suite—ideal for multi-generational living or guest accommodations. The home showcases extensive upgrades, including premium floor tiles, a luxury chef’s kitchen, a whole-house water softener system, and an EV charging station. Located in Brea’s prestigious Buena Vida gated community, residents enjoy superior HOA management, a resort-style swimming pool, clubhouse, and scenic walking trails—perfect for relaxation, daily exercise, and an elevated lifestyle. Access to medical care is excellent, with the Family Medical Center just 5 minutes away and Kaiser Permanente only 7 minutes away, ensuring peace of mind for healthcare needs. Backing to the lush golf course and Carbon Canyon Park, the home is surrounded by greenery, fresh air, and a serene environment away from city noise. Everyday convenience is unmatched, with Whole Foods Market right at the community entrance and a wide range of premium shopping and dining options nearby. Walmart and Stater Bros. are also just minutes away, offering everything needed for effortless daily living.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2017
- Lot Size
- 5,419 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $470.0 / Month
Neighborhood Insights
Brea Unified Schools
Golden Elementary School
Grades K-6 • 0.6 mi
Olinda Elementary School
Grades K-6 • 0.8 mi
Lakeview Elementary School
Grades K-5 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 92% |
| Square foot | 3,166 | 2,177 | 92% |
| Lot Size | 5,419 | 6,574 | 42% |
| Price | $1.88M | $1.51M | 92% |
| Price per sq ft | $593 | $661 | 25% |
| Built year | 2017 | 2008 | 58% |
| HOA | $470.0 | $188 | 92% |
| Days on market | 8 | 170 | 8% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,877,000
Initial Listing
Sold
Oct 11, 2018
$1,060,000
Public Record