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5471 Cherrylee Lane, Yorba Linda, California 92886, Yorba Linda, 92886 - 4 bed, 2 bath

5471 Cherrylee Lane, Yorba Linda, California 92886 home-pic-0
ACTIVE$1,599,000
5471 Cherrylee Lane, Yorba Linda, California 92886
4Beds
2Baths
2,050Sqft
15,300Lot

Price Vs. Estimate

The estimated value ($1,040,558.215) is $558,441.785 (34%) lower than the list price ($1,599,000). 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 = 15300, living area = 2050.
Top Cons:
Significant Price Discrepancy: The current listing price of $1,599,000 is considerably higher than the estimated property value of $1,040,558, potentially indicating overpricing and a challenge for market acceptance.

Compared to the nearby listings

Price:$1.60M vs avg $1.49M (+$105,006)57%
Size:2,050 sqft vs avg 2,276 sqft41%
Price/sqft:$780 vs avg $66179%

More Insights

Built in 1961 (64 years old).
Condition: Built in 1961, this property has undergone significant modern updates, making it move-in ready. The description highlights a 'chef’s kitchen with top-tier appliances' and 'modern style' bathrooms, which is supported by images showing a recently renovated bathroom with dual sinks, contemporary vanity, and stylish tiling. Updated LVP/engineered wood flooring is visible throughout living areas. While the original structure is older, the extensive and modern renovations bring its condition up to a high standard, fitting the 'Good' category for properties extensively renovated within the last 5-15 years.
Year Built
1961
Close
-
List price
$1.6M
Original List price
$1.4M
Price/Sqft
$780
HOA
-
Days on market
-
Sold On
-
MLS number
OC25029102
Home ConditionGood
Features
Patio
View-

About this home

Experience the Ultimate Equestrian Lifestyle! ** 5471 Cherrylee Lane, Yorba Linda ** Welcome to a home where modern comfort meets outdoor adventure! This 4-bedroom, 2-bathroom gem is tailor-made for horse lovers and nature enthusiasts alike. ** Step inside to discover a beautifully updated home, featuring a chef’s kitchen with top-tier appliances—perfect for entertaining. The bathrooms blend modern style with everyday functionality, ensuring a comfortable retreat. ** Bonus Alert! The converted garage now serves as a spacious bonus room, ideal for a game room, office, or extra living space, complete with custom built-ins for added convenience. ** Outdoor Bliss Awaits! ** The true magic of this property unfolds outside, where horse facilities and wide-open spaces create the perfect environment for riding, training, and simply enjoying the great outdoors. ** Don’t miss your chance to own this one-of-a-kind property in Yorba Linda—where country charm meets modern living! Currently the garage is converted to an additional interior room. It can be converted back to the garage without difficulty. Appliances are included - washer, dryer, refrigerator, dishwasher and gourmet stove.

Condition Rating
Good
Built in 1961, this property has undergone significant modern updates, making it move-in ready. The description highlights a 'chef’s kitchen with top-tier appliances' and 'modern style' bathrooms, which is supported by images showing a recently renovated bathroom with dual sinks, contemporary vanity, and stylish tiling. Updated LVP/engineered wood flooring is visible throughout living areas. While the original structure is older, the extensive and modern renovations bring its condition up to a high standard, fitting the 'Good' category for properties extensively renovated within the last 5-15 years.
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 = 15300, living area = 2050.
Equestrian-Ready Property: Tailor-made for horse lovers with dedicated facilities and expansive outdoor space, offering a unique lifestyle opportunity in Yorba Linda.
Modernized Interior: Features a beautifully updated home, including a chef's kitchen with top-tier appliances and modern bathrooms, providing contemporary comfort.
Generous Lot Size: An impressive 15,300 sqft lot offers ample outdoor space, privacy, and supports the property's equestrian appeal.
Flexible Bonus Room: The converted garage provides a versatile bonus room with custom built-ins, adaptable for various uses (game room, office, extra living space), with the option to easily convert back to a garage.
Comprehensive Appliance Package: Includes essential appliances (washer, dryer, refrigerator, dishwasher, gourmet stove), adding immediate value and convenience for the buyer.

Cons

Significant Price Discrepancy: The current listing price of $1,599,000 is considerably higher than the estimated property value of $1,040,558, potentially indicating overpricing and a challenge for market acceptance.
Absence of Desirable Views: Lacks views (e.g., city lights, hills, panoramic) which are often sought after in the Yorba Linda market and present in some comparable properties, potentially limiting its appeal to certain buyers.
Age of Construction: Built in 1961, the property is over six decades old, which may raise concerns for some buyers regarding potential maintenance, infrastructure, or energy efficiency compared to newer homes.

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