7332 E Grovewood, Orange, California 92869, Orange, 92869 - 4 bed, 3 bath

7332 E Grovewood, Orange, California 92869 home-pic-0
ACTIVE$1,695,000
7332 E Grovewood, Orange, California 92869
4Beds
3Baths
2,563Sqft
14,000Lot

Price Vs. Estimate

The estimated value ($1,695,000) is $0 (0%) lower than the list price ($1,695,000). 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 = 14000, living area = 2563.
Top Cons:
Partial Renovation Scope: While the downstairs is completely remodeled, the description only specifies 'brand new flooring' upstairs, suggesting other areas of the upper level may not have received the same level of modernization.

Compared to the nearby listings

Price:$1.70M vs avg $1.33M (+$364,000)79%
Size:2,563 sqft vs avg 2,187 sqft70%
Price/sqft:$661 vs avg $64457%

More Insights

Built in 1973 (52 years old).
Condition: Despite being built in 1973, the property has undergone extensive and recent renovations. The description highlights a 'completely remodeled downstairs,' 'tastefully upgraded master bath,' and 'brand new flooring upstairs.' Images confirm a modern kitchen with white cabinetry and stainless steel appliances, a contemporary bar area, and updated bathrooms (even if one has a distinct style, the fixtures are new). Major systems like the AC unit, heating system, and pool heater are newer, and paid solar power adds significant value and efficiency. This level of comprehensive and recent updating, particularly in key areas like the kitchen and bathrooms, aligns with the 'Excellent' criteria for a property extensively renovated within the last 5 years.
Year Built
1973
Close
-
List price
$1.7M
Original List price
$1.84M
Price/Sqft
$661
HOA
-
Days on market
-
Sold On
-
MLS number
PW25232864
Home ConditionExcellent
Features
Pool
Patio
View-

About this home

Welcome to Your Future Home in Beautiful Orange Park Acres! Step into this lovely residence that has been completely remodeled downstairs. Enjoy the modern features, including a new bar, a garage door unit, mail box and paid solar power. The master bath has been tastefully upgraded, and a custom closet has been installed to enhance your living experience. Upstairs, you'll find brand new flooring. A newer AC unit and heating system. The pool area has also been revitalized with a new heater, creating the perfect space for relaxation. Discover your private oasis in the tranquil backyard, complete with a refreshing pool and flourishing fruit trees. Embrace the nearby walking trails and parks, where nature is just a step away.

Condition Rating
Excellent

Despite being built in 1973, the property has undergone extensive and recent renovations. The description highlights a 'completely remodeled downstairs,' 'tastefully upgraded master bath,' and 'brand new flooring upstairs.' Images confirm a modern kitchen with white cabinetry and stainless steel appliances, a contemporary bar area, and updated bathrooms (even if one has a distinct style, the fixtures are new). Major systems like the AC unit, heating system, and pool heater are newer, and paid solar power adds significant value and efficiency. This level of comprehensive and recent updating, particularly in key areas like the kitchen and bathrooms, aligns with the 'Excellent' criteria for a property extensively renovated within the last 5 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 = 14000, living area = 2563.
Extensive Downstairs Remodel: The entire downstairs has been completely remodeled, featuring modern updates including a new bar, garage door unit, and mailbox, enhancing contemporary living.
Master Suite Upgrades: The master bathroom has been tastefully upgraded, and a custom closet installed, significantly improving the comfort and functionality of the master suite.
Energy Efficiency & Modern Systems: The property benefits from paid solar power, a newer AC unit, and an updated heating system, contributing to lower utility costs and improved comfort.
Private Backyard Oasis: A tranquil backyard features a refreshing pool with a new heater and flourishing fruit trees, creating an ideal space for relaxation and entertainment.
Desirable Outdoor Access: The location offers convenient access to nearby walking trails and parks, promoting an active and nature-oriented lifestyle.

Cons

Partial Renovation Scope: While the downstairs is completely remodeled, the description only specifies 'brand new flooring' upstairs, suggesting other areas of the upper level may not have received the same level of modernization.
Original Construction Year: Built in 1973, the property's age implies that some core structural or system components (e.g., plumbing, electrical, roof) might be original or older, potentially requiring future capital expenditures if not explicitly updated.
Multiple Price Reductions: The property has undergone several price reductions since its initial listing, which could indicate a perceived overvaluation or challenges in attracting buyers at previous price points.

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