8561 Meadow Brook 205, Garden Grove, California 92844, Garden Grove, 92844 - 1 bed, 1 bath
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Garden Grove, California 92844
This High-Potential Investment Opportunity is listed at $474,900, positioned above the $418,511 Fair Market Value. While the property currently lacks an equity gap, it offers a Condition Rating of 4, providing a clear path for value-add through cosmetic modernization of the kitchen and bath. Featuring soaring vaulted ceilings, inside laundry, and resort-style amenities like a pool and spa, the unit provides strong rental appeal. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a well-maintained, amenity-rich community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8561 Meadow Brook 205 Subject | $474,900* List Price | 1 | 1 | 774 | $541 | - |
A 13100 Gilbert Street 28 Sold | $525,000 | 2 | 2 | 930 | $565 | 0.8 mi |
B 13100 Gilbert St. 60 Sold | $530,000 | 2 | 2 | 984 | $539 | 0.8 mi |
C 8800 W Garden Grove Blvd. 2 Sold | $550,000 | 2 | 2 | 919 | $598 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, the property is over 40 years old and retains dated features including original-style oak cabinetry and older ceramic tile flooring. While the unit is well-maintained with a newer HVAC system and updated stainless steel appliances, the core kitchen and bath aesthetics are over 20 years old and require cosmetic modernization to meet current market standards.
The gated community offers a serene environment with waterfalls, koi ponds, a pool, spa, and tennis courts, providing a high-end lifestyle experience.
Soaring vaulted ceilings and a very spacious private patio create an open, airy atmosphere that makes the living space feel significantly larger.
The unit features a newer AC system and the rare convenience of inside laundry, addressing two major pain points for condominium buyers.
As a one-bedroom, one-bathroom unit, the property is restricted to a smaller buyer demographic, such as singles or couples, limiting resale reach.
Despite the lush community landscaping, the specific unit is noted as having no view, which may be a disadvantage compared to units overlooking the water features.
Open and airy second-floor condominium with soaring vaulted ceilings in a serene, gated community featuring meandering brooks, waterfalls, and a tranquil koi pond! The inviting living room offers a cozy fireplace and opens to a VERY SPACIOUS private patio with storage, which is also accessible from the bedroom, creating seamless indoor-outdoor living. The well-designed floor plan includes inside laundry for added convenience and two nearby covered carport spaces. Newer AC unit. Enjoy resort-style amenities including a sparkling pool, relaxing spa, tennis courts, BBQ area and a beautifully appointed clubhouse. The HOA dues include water, trash, and exterior maintenance, making for easy, low-maintenance living. Conveniently located near shopping, dining, parks, and freeways, this peaceful community offers the perfect blend of comfort, convenience, and natural beauty. Enjoy OC living!
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 774 | 983 |
| Lot Size | 31,705 | 68,962 |
| Price | $474.9K | $528.9K |
| Price per sq ft | $614 | $586 |
| Built year | 1983 | 1985 |
| HOA | $410.41 | $420 |
| Days on market | 15 | 51 |
Jul 7, 2026
$474,900
Initial Listing
Mar 15, 2002
$131,000
Public Record
Oct 21, 1999
$87,500
Public Record
Sep 7, 1999
$63,000
Public Record
Feb 11, 1999
$93,348
Public Record