607 Poppy Avenue, Corona Del Mar, California 92625, Corona Del Mar, 92625 - 4 bed, 3 bath

607 Poppy Avenue, Corona Del Mar, California 92625 home-pic-0
ACTIVE$3,650,000
607 Poppy Avenue, Corona Del Mar, California 92625
4Beds
3Baths
2,332Sqft
3,541Lot
Year Built
1948
Close
-
List price
$3.65M
Original List price
$3.75M
Price/Sqft
$1,565
HOA
-
Days on market
-
Sold On
-
MLS number
25515199
Home ConditionPoor
Features
Good View: Coastline
ViewCoastline

About this home

Possibly Over-Priced:The estimated price is 15% below the list price. We found 3 Cons,6 Pros. Rank: price - $3.65M(27th), sqft - 2332(36th), beds - 4(56th), baths - 3(50th).

Nearby schools

9/10
Harbor View Elementary School
Public,PK-60.6mi
7/10
Abraham Lincoln Elementary School
Public,K-61.0mi
9/10
Roy O. Andersen Elementary School
Public,K-61.8mi
9/10
Newport Coast Elementary School
Public,PK-62.5mi
9/10
Corona Del Mar High School
Public,7-122.8mi
Condition Rating
Poor

Built in 1948, this property is significantly aged. The MLS analysis explicitly states it 'likely requires substantial modernization.' The absence of images for the kitchen and bathrooms strongly suggests these critical areas are severely outdated and would necessitate major renovation. The visible dated light fixture and the presence of a portable AC unit indicate a lack of modern amenities and systems, such as central air conditioning. While the exterior appears maintained, the interior requires extensive rehabilitation to meet current market expectations and comfort standards.
Pros & Cons

Pros

Great Schools: Elementary School: Harbor View Elementary School (9/10). High School: Corona Del Mar High School (9/10).
Prestigious Location: Situated in Corona Del Mar, a highly desirable coastal community known for its upscale lifestyle and strong property values.
Desirable Coastline Views: The property offers valuable coastline views, a premium and sought-after feature that significantly enhances its appeal and potential value.
Excellent School Access: Located within a district that includes highly-rated elementary and high schools, a strong draw for families.
Spacious Layout: With 4 bedrooms and 3 bathrooms across 2332 sqft, the property provides a generous amount of living space suitable for families.
Recent Price Adjustment: The list price has been reduced from $3.75M to $3.65M, indicating some seller flexibility and a potential willingness to negotiate.

Cons

Property Age & Condition: Built in 1948, the property is significantly older than many comparable sales and likely requires substantial modernization to align with current market expectations and compete with recently remodeled homes.
Overpriced Relative to Market Estimation: The current listing price of $3.65M is considerably higher than the estimated property value of approximately $3.07M, suggesting it may be overvalued in the current market.
Smaller Lot Size: The 3,541 sqft lot is relatively compact, which might limit outdoor living space or future expansion possibilities compared to some other properties in the area.

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