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434 Fernleaf AVE Corona Del Mar, CA 92625
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Key Details
Sold Price $2,200,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,878 sqft
Price per Sqft $1,171
Subdivision Corona Del Mar South Of Pch (Cdms)
MLS Listing ID OC20087854
Bedrooms 4
Full Baths 2
Year Built 1956
Lot Size 3,484 Sqft
Property Description
Luxury Live Auction! Bidding to start from $2,000,000! Great opportunity to build your dream home in one of the most sought after neighborhoods in Orange County! This single family home is located on the sunny side of the street in The Village and is situated on a 3,540 sq ft R2 lot. Currently a 2 level, 4 bedroom home with a garage, structural and engineering plans for a new build are nearly complete. Add value to this space with a 1,944 sqft, 3 level (plus optional full basement) in addition to the existing home, or build two new construction condos totaling 3,822 sqft. Close to restaurants and shops and the Goldenrod Footbridge giving access to Corona Del Mar Beach. Soils report complete for full basement. Appraised for $2.4M on Sept 19, 2018 as a 3 bedroom and appraised for $2.85M on April 7,2020 as a 4 bedroom. Averaging $6,811 per month income from AirBnB (Nov 2019 - Mar 2020). Property Video: https://youtu.be/N8dIACdnCIo . Virtual Tour: https://my.matterport.com/show/?m=PhFHVYameAT&mls=1
Location
State CA
County Orange
Area Cs - Corona Del Mar - Spyglass
Interior
Cooling None
Fireplaces Type Decorative, Gas, Living Room, Masonry, Raised Hearth
Laundry Inside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs, Golf, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description 21-25 Units/Acre, Back Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Newport Mesa Unified
Others
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Auction
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Bought with Westley Williams • Harcourts Prime Properties
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