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507 S Shields, Anaheim, California 92804, Anaheim, 92804 - 3 bed, 2 bath

507 S Shields, Anaheim, California 92804 home-pic-0
ACTIVE$1,099,000
507 S Shields, Anaheim, California 92804
3Beds
2Baths
1,366Sqft
7,841Lot

Price Vs. Estimate

The estimated value ($1,004,837.56) is $94,162.44 (8%) lower than the list price ($1,099,000). 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 = 7841, living area = 1366.
Top Cons:
Priced Above Estimated Value: The current listing price is approximately 7% higher than the property's estimated value, which may impact buyer perception and negotiation.

Compared to the nearby listings

Price:$1.10M vs avg $965.0K (+$134,000)73%
Size:1,366 sqft vs avg 1,519 sqft34%
Price/sqft:$805 vs avg $63593%

More Insights

Built in 1956 (69 years old).
Condition: The property, built in 1956, has undergone significant recent renovations, including a remodeled kitchen, updated bathrooms with modern vanities, tiling, and glass shower doors, and wood flooring throughout. Recessed lighting adds to the contemporary feel. These updates make the home move-in ready and aesthetically pleasing, aligning with the 'Good' score criteria for properties extensively renovated within 5-15 years. While the original build year suggests a potential for older underlying infrastructure, the visible cosmetic updates are substantial and well-executed, indicating a well-maintained property.
Year Built
1956
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$805
HOA
-
Days on market
-
Sold On
-
MLS number
PW25245380
Home ConditionGood
Features
Patio
View-

About this home

Welcome to this charming 3-bedroom, 2 bathroom spacious home located in the heart of the city. With its recently remodeled kitchen, wood flooring, remodeled bathrooms, large living room area and ample closet space, it provides a modern and stylish atmosphere for relaxation and entertaining guest. The backyard has a patio cover, and there are multiple fruit trees growing in the backyard such as: avocados, grapefruit and tangerines. The property is within walking distance of an Elementary School and Middle School. It is a quiet and nice neighborhood, with a large garage that allows direct access to the kitchen. Furthermore, being situated in the heart of Anaheim means you'll have easy access to an array of amenities and attractions. From world-class entertainment venues like Disneyland, Knotts and Angel Stadium, to a multitude of shopping, dinning, and recreational options. This clean property offers an enviable lifestyle that caters to all your needs.

Condition Rating
Good
The property, built in 1956, has undergone significant recent renovations, including a remodeled kitchen, updated bathrooms with modern vanities, tiling, and glass shower doors, and wood flooring throughout. Recessed lighting adds to the contemporary feel. These updates make the home move-in ready and aesthetically pleasing, aligning with the 'Good' score criteria for properties extensively renovated within 5-15 years. While the original build year suggests a potential for older underlying infrastructure, the visible cosmetic updates are substantial and well-executed, indicating a well-maintained property.
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 = 7841, living area = 1366.
Modern Interior Updates: The home features a recently remodeled kitchen, wood flooring, and remodeled bathrooms, offering a contemporary and move-in ready aesthetic.
Prime Anaheim Location: Situated in the heart of Anaheim, providing easy access to major attractions like Disneyland, Knotts, Angel Stadium, and a multitude of shopping, dining, and recreational options.
Excellent School Proximity: The property is within walking distance of both an Elementary School and a Middle School, making it highly appealing to families.
Desirable Outdoor Amenities: The backyard includes a patio cover and mature fruit trees (avocados, grapefruit, tangerines), enhancing outdoor living and appeal.
Spacious & Functional Layout: Offers a large living room area, ample closet space, and a large garage with direct kitchen access, contributing to comfort and convenience.

Cons

Priced Above Estimated Value: The current listing price is approximately 7% higher than the property's estimated value, which may impact buyer perception and negotiation.
Lack of Scenic Views: The property description explicitly states 'view: None,' which could be a drawback for buyers prioritizing scenic outlooks or premium views.
Potential for Older Infrastructure: Built in 1956, despite recent cosmetic remodels, the property may still have original or older core infrastructure (e.g., plumbing, electrical, HVAC systems) that could require future maintenance or upgrades.

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