8361 Cerulean Drive, Garden Grove, California 92841, Garden Grove, 92841 - 4 bed, 2 bath
ACTIVE$1,225,000
8361 Cerulean Drive, Garden Grove, California 92841
4Beds
2Baths
1,223Sqft
7,700Lot
Price Vs. Estimate
The estimated value ($803,589.375) is $421,410.625 (34%) lower than the list price ($1,225,000). 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 = 7700, living area = 1223.
Top Cons:
Significant Overpricing: The current list price of $1,225,000 is substantially higher than the estimated market value of $803,589, indicating a potential overvaluation of 34%.
Compared to the nearby listings
Price:$1.23M vs avg $1.10M (+$125,000)82%
Size:1,223 sqft vs avg 1,514 sqft9%
Price/sqft:$1.0K vs avg $67791%
More Insights
Built in 1958 (67 years old).
Condition: Despite being built in 1958, this property has undergone a 'total rehabilitation' as stated in the description, including new copper plumbing, electrical lines, windows, doors, bathrooms, kitchen cabinets, and stainless steel appliances. The images confirm a very recent and modern renovation with new marble-effect tile flooring throughout, contemporary dark grey kitchen cabinets, white quartz-like countertops, and sleek stainless steel appliances. The bathrooms feature modern vanities, new tiling, and stylish black-framed glass shower doors. The paid-off solar system further enhances its modern appeal and efficiency. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1958
Close
-
List price
$1.23M
Original List price
$1.23M
Price/Sqft
$1,002
HOA
-
Days on market
-
Sold On
-
MLS number
PW25068677
Home ConditionExcellent
Features
Patio
ViewNeighborhood
About this home
IT RARE TO FIND "CONNER LOT " SINGLE FAMILY HOME SLAB FOUNDATION. RV ACCESS , SOLAR PAID OFF. PROPERTY TOTALLY REHABED WITH : REPIPE ALL COOPER PLUMPING LINE, ELECTRICAL LINE. TILE/ WATER PROOF FLOOR THRU OUT THE HOUSE. NEW: WINDOWS, DOORS, BATHROOMS, KITCHEN CABINET , STAINLESS STEEL APPLIANCES... OVER SIDE ATTACHED GARAGE CAN BE GAME ROOM/ JADU. LARGE BACK YARD READY FOR NEW HOME OWNER TO BUILD AN ADU.
Condition Rating
Excellent
Despite being built in 1958, this property has undergone a 'total rehabilitation' as stated in the description, including new copper plumbing, electrical lines, windows, doors, bathrooms, kitchen cabinets, and stainless steel appliances. The images confirm a very recent and modern renovation with new marble-effect tile flooring throughout, contemporary dark grey kitchen cabinets, white quartz-like countertops, and sleek stainless steel appliances. The bathrooms feature modern vanities, new tiling, and stylish black-framed glass shower doors. The paid-off solar system further enhances its modern appeal and efficiency. All visible components appear new or virtually new, meeting current quality standards with no deferred maintenance.
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 = 7700, living area = 1223.
Comprehensive Renovation: The property has undergone a total rehabilitation, including new copper plumbing, electrical lines, waterproof flooring, windows, doors, bathrooms, kitchen cabinets, and stainless steel appliances, offering a move-in ready experience.
Paid-Off Solar System: Features a fully paid-off solar panel system, providing significant long-term energy cost savings and environmental benefits.
Corner Lot with RV Access: Positioned on a desirable corner lot, offering enhanced privacy and valuable RV access, catering to specific buyer needs.
ADU Potential & Large Backyard: Boasts a large backyard with clear potential for building an Accessory Dwelling Unit (ADU), presenting opportunities for rental income or expanded living space.
Flexible Garage Space: The oversized attached garage offers versatility, easily convertible into a game room or a Junior Accessory Dwelling Unit (JADU), adding functional living area.
Cons
Significant Overpricing: The current list price of $1,225,000 is substantially higher than the estimated market value of $803,589, indicating a potential overvaluation of 34%.
Original Construction Year: Despite extensive renovations, the home's original build year of 1958 may still present underlying structural or design considerations not fully addressed by the cosmetic and system upgrades.
Unspecified HVAC System: The property description does not mention the presence or upgrade status of a heating, ventilation, and air conditioning (HVAC) system, which could be a significant concern and potential expense for buyers in the local climate.