11571 Magnolia, Garden Grove, California 92841, Garden Grove, - bed, bath
ACTIVE$1,150,000
11571 Magnolia, Garden Grove, California 92841
3Beds
2Baths
1,200Sqft
6,540Lot
Year Built
1957
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC25105334
Home ConditionFair
Features
Patio
View-
About this home
IT IS A GEM IN THE GARDEN GROVE CITY, NEXT TO LITTLE-SAIGON WITH 1,389 SQFT LIVING AREA & DETACHED PERMITED 780 SQFT ENCLOSED PATIO. THERE ARE 1 BEDROOM, 2.5 BATHROOMS N0 PERMITED. PROPERTY LOCATED IN THE CENTER OF SCHOOLS AND VIETNAMESE MARKETS ON MAGNOLIA STREET. PROPERTY SOLD "AS IS” CONDITION.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (48 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,200 | 1,514 | 10% |
| Lot Size | 6,540 | 7,840 | 10% |
| Price | $1.15M | $1.07M | 67% |
| Price per square foot | $958 | $688 | 92% |
| Built year | 1957 | 1955 | 71% |
| HOA | |||
| Days on market | 165 | 154 | 51% |
Condition Rating
Fair
The property was built in 1957. The listing mentions that the property is sold "AS IS” CONDITION, which suggests that there may be some deferred maintenance or needed repairs. The exterior image shows a simple, older style home. Given the age and the "as-is" condition, a 'fair' rating is appropriate, indicating that it likely requires some updates and repairs but is still functional.
Pros & Cons
Pros
Prime Location: Located in Garden Grove, next to Little Saigon, offering convenient access to Vietnamese markets and amenities.
Large Lot Size: The property features a sizable 6,540 sqft lot, providing ample outdoor space.
Enclosed Patio: Features a detached, permitted 780 sqft enclosed patio, adding versatile living space.
School Proximity: Centrally located near schools, making it attractive for families.
Potential for Customization: With some unpermitted structures, there's potential to add value through renovation and proper permitting.
Cons
Unpermitted Structures: The property includes unpermitted structures (1 bedroom, 2.5 bathrooms), which may pose challenges with financing and future resale.
"As-Is" Condition: Sold "as-is," potentially requiring immediate repairs or upgrades, adding to the initial investment.
Inconsistencies in Listed Details: The listing mentions 3 beds and 2 baths, but also states 1 unpermitted bedroom and 2.5 unpermitted bathrooms, creating confusion and requiring clarification.