613 E Chapman Avenue, Fullerton, California 92831, Fullerton, 92831 - 3 bed, 1 bath
ACTIVE$1,200,000
613 E Chapman Avenue, Fullerton, California 92831
3Beds
1Bath
1,387Sqft
7,104Lot
Price Vs. Estimate
The estimated value ($939,365.32) is $260,634.68 (21%) lower than the list price ($1,200,000). 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 = 7104, living area = 1387.
Top Cons:
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may not meet the needs of modern families and could require a costly addition or renovation.
Compared to the nearby listings
Price:$1.20M vs avg $1.20M (+$5,000)50%
Size:1,387 sqft vs avg 1,870.5 sqft22%
Price/sqft:$865 vs avg $67498%
More Insights
Built in 1950 (75 years old).
Condition: Built in 1950, this property is 74 years old and the listing explicitly states 'age-related updates required,' indicating a need for 'significant updates to systems (e.g., plumbing, electrical) and aesthetics.' The single bathroom for three bedrooms is also an outdated feature requiring renovation. Without any interior images, it's highly probable that the kitchen and bathroom are original or very old, necessitating complete modernization. This aligns with the 'Poor' condition criteria, suggesting substantial repairs and rehabilitation are needed for major systems and overall aesthetics.
Year Built
1950
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$865
HOA
-
Days on market
-
Sold On
-
MLS number
LG24183850
Home ConditionPoor
Features
ViewNeighborhood
About this home
Property no longer for sale. No solicitations.
Condition Rating
Poor
Built in 1950, this property is 74 years old and the listing explicitly states 'age-related updates required,' indicating a need for 'significant updates to systems (e.g., plumbing, electrical) and aesthetics.' The single bathroom for three bedrooms is also an outdated feature requiring renovation. Without any interior images, it's highly probable that the kitchen and bathroom are original or very old, necessitating complete modernization. This aligns with the 'Poor' condition criteria, suggesting substantial repairs and rehabilitation are needed for major systems and overall aesthetics.
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 = 7104, living area = 1387.
Desirable Location: Situated in Fullerton, a well-regarded city in Southern California, offering a strong community and access to amenities.
Generous Lot Size: The 7,104 sqft lot provides ample outdoor space, offering potential for landscaping, expansion, or recreational activities.
Single-Family Residence: As a single-family home, it appeals to a broad market seeking privacy, land ownership, and a traditional residential experience.
Established School District: Located within the Fullerton Joint Union High School District, which is a significant draw for families with school-aged children.
Renovation Potential: Built in 1950, the property offers a foundation for buyers looking to customize and modernize, potentially adding significant value through renovation.
Cons
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may not meet the needs of modern families and could require a costly addition or renovation.
Potential Overpricing: The listing price of $1.2 million is 12% higher than the estimated property value, which could impact market competitiveness and buyer interest.
Age-Related Updates Required: As a 1950-built home, it is likely to require significant updates to systems (e.g., plumbing, electrical) and aesthetics to meet contemporary standards, incurring additional investment.