5105 Fairview Circle, Buena Park, California 90621, Buena Park, 90621 - 3 bed, 3 bath
ACTIVE UNDER CONTRACT$1,899,000
5105 Fairview Circle, Buena Park, California 90621
3Beds
3Baths
2,365Sqft
21,171Lot
Price Vs. Estimate
The estimated value ($1,791,564.545) is $107,435.455 (5%) lower than the list price ($1,899,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investment & Development Potential: Expansive 21,171 sq ft flat lot with the potential to be split into two parcels, offering significant investment and development opportunities.
Top Cons:
Dated Main Residence: Built in 1974, the existing tri-level home likely requires significant modernization and updates to align with current buyer preferences and maximize its potential.
Compared to the nearby listings
Price:$1.90M vs avg $1.08M (+$814,500)92%
Size:2,365 sqft vs avg 1,758.5 sqft71%
Price/sqft:$803 vs avg $60489%
More Insights
Built in 1974 (51 years old).
Condition: The property was built in 1974, making it 50 years old. The MLS description heavily emphasizes the land's potential for customization, ADUs, and lot splitting, rather than the condition of the existing home. Crucially, there are no interior images provided, which is a strong indicator that the kitchen, bathrooms, and other interior spaces are severely outdated and likely require substantial repairs and rehabilitation. A 50-year-old home with no apparent major renovations would typically have original or very old systems (electrical, plumbing, HVAC) and finishes that are well past their expected lifespan, necessitating significant investment to bring them to modern standards. The exterior images also show a dated appearance and unkempt landscaping, further suggesting deferred maintenance.
Year Built
1974
Close
-
List price
$1.9M
Original List price
$1.9M
Price/Sqft
$803
HOA
-
Days on market
-
Sold On
-
MLS number
PW25067450
Home ConditionPoor
Features
Pool
Spa
Patio
ViewPool
About this home
Prime Location with Endless Possibilities! Nestled in a cul-de-sac, just one block from Los Coyotes Country Club, this tri-level home sits on an expansive 21,171 sf flat lot, offering incredible potential for customization and investment. The existing home features 2,365 sf, 3 bedrooms, 3 baths and spacious 3-car garage. The luxurious, oversized pool adds a resort-like feel, while the south-facing backyard brings in abundant natural light. With plenty of space, you have the option to build two ADUs-one is already fully permitted, and the second can be approved if desired. Imagine designing a stylish, one-story ADU to perfectly complement the property! Plus, the lot is in the process of being split into two parcels, creating even more investment opportunities. A rare find in a prestigious location-don't miss this chance to maximize value and bring your vision to life!
Nearby schools
7/10
Charles G. Emery Elementary School
Public,•K-6•0.2mi
5/10
Gordon H. Beatty Elementary School
Public,•K-6•0.4mi
7/10
Sunset Lane Elementary School
Public,•K-6•1.4mi
7/10
D. Russell Parks Junior High School
Public,•7-8•1.9mi
5/10
Buena Park Junior High School
Public,•6-8•2.5mi
9/10
Sunny Hills High School
Public,•9-12•1.7mi
Price History
Date
Event
Price
02/23/22
Sold
$1,550,000
09/15/17
Sold
$909,500
Condition Rating
Poor
The property was built in 1974, making it 50 years old. The MLS description heavily emphasizes the land's potential for customization, ADUs, and lot splitting, rather than the condition of the existing home. Crucially, there are no interior images provided, which is a strong indicator that the kitchen, bathrooms, and other interior spaces are severely outdated and likely require substantial repairs and rehabilitation. A 50-year-old home with no apparent major renovations would typically have original or very old systems (electrical, plumbing, HVAC) and finishes that are well past their expected lifespan, necessitating significant investment to bring them to modern standards. The exterior images also show a dated appearance and unkempt landscaping, further suggesting deferred maintenance.
Pros & Cons
Pros
Investment & Development Potential: Expansive 21,171 sq ft flat lot with the potential to be split into two parcels, offering significant investment and development opportunities.
ADU Potential: Ability to build two Accessory Dwelling Units (ADUs), with one already fully permitted, greatly enhancing property value and versatility.
Prime Location: Nestled in a cul-de-sac and just one block from Los Coyotes Country Club, providing a prestigious and desirable setting.
Luxurious Amenities: Features a luxurious, oversized pool that adds a resort-like feel and enhances the property's lifestyle appeal.
Natural Light: South-facing backyard ensures abundant natural light throughout the day, a highly sought-after feature.
Cons
Dated Main Residence: Built in 1974, the existing tri-level home likely requires significant modernization and updates to align with current buyer preferences and maximize its potential.
Lot Split Not Finalized: The lot split into two parcels is 'in process,' meaning the full investment benefit is not yet realized and may involve additional time, effort, and potential complications for the buyer.
Tri-Level Layout: The tri-level design may not appeal to all buyers, particularly those seeking single-story living or more contemporary open-concept layouts, potentially limiting the buyer pool.