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5369 Algarrobo 3f, Laguna Woods, California 92637, Laguna Woods, 92637 - 1 bed, 2 bath

5369 Algarrobo 3f, Laguna Woods, California 92637 home-pic-0
ACTIVE$275,000
5369 Algarrobo 3f, Laguna Woods, California 92637
1Bed
2Baths
820Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Aliso Niguel High School (9/10).
Top Cons:
Fixer-Upper Condition: The property is explicitly described as a 'true fixer,' indicating it requires significant renovation and additional investment from the buyer.

Compared to the nearby listings

Price:$275.0K vs avg $500.0K ($-225,000)10%
Size:820 sqft vs avg 1,162 sqft8%
Price/sqft:$335 vs avg $44124%

More Insights

Built in 1973 (52 years old).
Condition: Built in 1973, this property is explicitly described as a 'true fixer' requiring significant renovation to create value. While some areas show updated flooring, the presence of popcorn ceilings and the absence of kitchen and bathroom images, combined with the 'fixer' status, strongly suggest these critical areas are original or severely outdated. Major systems and finishes are likely beyond their expected lifespan and will require substantial rehabilitation, aligning with the 'poor' condition criteria.
Year Built
1973
Close
-
List price
$275K
Original List price
$300K
Price/Sqft
$335
HOA
$855
Days on market
-
Sold On
-
MLS number
OC25119580
Home ConditionPoor
Features
Good View: Mountain(s)
Deck
ViewMountain(s)

About this home

Panoramic mountain and city-light views set the stage for this top-floor Villa Nueva 4 model in Laguna Woods Village. Offering approximately 820 square feet, this one-bedroom home includes a full bathroom plus a convenient guest half bath, along with a private gated entry that adds an extra sense of privacy. This is a true fixer with a great upside for buyers looking to renovate and create value. The top-floor location and wide-open outlook provide a strong foundation for a thoughtful remodel. Laguna Woods Village is a guard-gated 55+ community known for its unmatched amenities, including a 27-hole golf course plus a 9-hole par-3 course, tennis and pickleball, five pools, seven clubhouses, two fitness centers, an equestrian center, library, bocce ball, and over 250 clubs. Creative spaces include art, computer, photography, and woodshop studios. HOA dues include water, trash, landscaping, building and exterior maintenance, security, and community bus service to nearby shopping and medical facilities. Convenient to major freeways and just a short drive to Laguna Beach.

Nearby schools

4/10
San Joaquin Elementary School
Public,•K-6•0.4mi
7/10
Oak Grove Elementary School
Public,•K-5•2.7mi
9/10
El Morro Elementary School
Public,•K-5•5.5mi
8/10
Melinda Heights Elementary School
Public,•K-6•7.9mi
7/10
Trabuco Mesa Elementary School
Public,•PK-6•10.1mi
7/10
Aliso Viejo Middle School
Public,•6-8•2.9mi
5/10
Los Alisos Intermediate School
Public,•7-8•3.2mi
9/10
Thurston Middle School
Public,•6-8•4.5mi
7/10
Rancho Santa Margarita Intermediate School
Public,•7-8•9.4mi
7/10
Laguna Hills High School
Public,•9-12•2.9mi
9/10
Aliso Niguel High School
Public,•9-12•3.8mi
9/10
Laguna Beach High School
Public,•9-12•5.2mi
8/10
Trabuco Hills High School
Public,•9-12•6.2mi
Condition Rating
Poor
Built in 1973, this property is explicitly described as a 'true fixer' requiring significant renovation to create value. While some areas show updated flooring, the presence of popcorn ceilings and the absence of kitchen and bathroom images, combined with the 'fixer' status, strongly suggest these critical areas are original or severely outdated. Major systems and finishes are likely beyond their expected lifespan and will require substantial rehabilitation, aligning with the 'poor' condition criteria.
Pros & Cons

Pros

Great Schools: Elementary School: El Morro Elementary School (9/10). Middle School: Thurston Middle School (9/10). High School: Aliso Niguel High School (9/10).
Panoramic Views: The top-floor unit offers panoramic mountain and city-light views, enhancing the property's appeal.
Extensive Community Amenities: Located in Laguna Woods Village, a 55+ community with unmatched amenities including golf courses, multiple pools, clubhouses, fitness centers, and over 250 clubs.
Comprehensive HOA Services: HOA dues cover water, trash, landscaping, building and exterior maintenance, security, and community bus service, providing significant convenience and value.
Guard-Gated Community & Privacy: Situated within a secure, guard-gated 55+ community, complemented by a private gated entry for enhanced security and personal privacy.
Value-Add Potential: Described as a 'true fixer' with 'great upside for buyers looking to renovate and create value,' offering a strong foundation for a thoughtful remodel.

Cons

Fixer-Upper Condition: The property is explicitly described as a 'true fixer,' indicating it requires significant renovation and additional investment from the buyer.
High Monthly HOA Dues: The association fee of $855.00 per month is substantial and adds significantly to the ongoing cost of ownership.
Recent Price Reduction: The listing price has been reduced from $300,000 to $275,000, which may suggest initial overpricing or market resistance.

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