9151 Carl Lane, Garden Grove, California 92844, Garden Grove, 92844 - 6 bed, 4 bath
ACTIVE$1,600,000
9151 Carl Lane, Garden Grove, California 92844
6Beds
4Baths
2,100Sqft
9,360Lot
Price Vs. Estimate
The estimated value ($988,432.99) is $611,567.01 (38%) lower than the list price ($1,600,000). 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 = 9360, living area = 2100.
Top Cons:
Significant Overpricing: The listing price of $1.6 million is 38% above the estimated property value of $988,432.99, suggesting a substantial valuation discrepancy that may deter potential buyers.
Compared to the nearby listings
Price:$1.60M vs avg $1.02M (+$580,000)96%
Size:2,100 sqft vs avg 1,300 sqft74%
Price/sqft:$762 vs avg $74052%
More Insights
Built in 1955 (70 years old).
Condition: This property features two distinct units. The back house, built in 2021, is essentially brand new with modern kitchen (white shaker cabinets, stainless steel appliances), contemporary bathrooms, and new flooring, qualifying it as 'Excellent'. The front unit, built in 1955, has an older, dated kitchen with dark cabinets and white appliances, and bathrooms with older fixtures and tiling, placing it in 'Fair' condition. Given that the newer, 'Excellent' unit comprises over half of the total living space (1100 sqft out of 2100 sqft), the overall condition is significantly elevated. The property is move-in ready, with one unit being fully modern and the other being functional though aesthetically dated, making 'Good' the most appropriate overall score.
Year Built
1955
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$762
HOA
-
Days on market
-
Sold On
-
MLS number
PW25075012
Home ConditionGood
Features
Patio
View-
About this home
2 houses in a lot!!! Perfect for any big families or investors. Front unit has 3 bedrooms, 2 bathrooms with 1000sqft living space. Back house has 3 bedrooms, 2 bathrooms, with 1100sqft living space (brand new built 2021) with solar system paid off. Two car garage with plenty of storage and a driveway in front to park cars for your guests. It is a must to see. Won't last long.
Condition Rating
Good
This property features two distinct units. The back house, built in 2021, is essentially brand new with modern kitchen (white shaker cabinets, stainless steel appliances), contemporary bathrooms, and new flooring, qualifying it as 'Excellent'. The front unit, built in 1955, has an older, dated kitchen with dark cabinets and white appliances, and bathrooms with older fixtures and tiling, placing it in 'Fair' condition. Given that the newer, 'Excellent' unit comprises over half of the total living space (1100 sqft out of 2100 sqft), the overall condition is significantly elevated. The property is move-in ready, with one unit being fully modern and the other being functional though aesthetically dated, making 'Good' the most appropriate overall score.
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 = 9360, living area = 2100.
Dual-Unit Property: The property features two independent houses on one lot, offering excellent potential for multi-generational living or significant rental income for investors.
Newer Construction (Back Unit): The back house was brand new built in 2021, indicating modern construction, updated features, and potentially lower immediate maintenance costs for that unit.
Paid-Off Solar System: The back house includes a paid-off solar system, which provides substantial energy cost savings and adds long-term value to the property.
Ample Parking: The property offers a two-car garage with plenty of storage and an additional driveway for guest parking, addressing a common need in residential areas.
Generous Lot Size: With a lot size of 9360 sqft, the property provides ample outdoor space for various activities, landscaping, or potential future expansion.
Cons
Significant Overpricing: The listing price of $1.6 million is 38% above the estimated property value of $988,432.99, suggesting a substantial valuation discrepancy that may deter potential buyers.
Age of Front Unit: The front unit was built in 1955, which may imply an older infrastructure and potentially require more significant updates or maintenance compared to newer constructions.
Undisclosed Front Unit Condition: While the back unit's newness is highlighted, the description lacks specific details regarding the condition or recent upgrades of the older front unit, which could indicate it is less modernized.