434 Fernleaf Avenue, Corona Del Mar, CA 92625

$2,000,000
4
BD
2
BA
1,878
SqFt
List Price
$2,000,000
Status
ACTIVE
MLS#
OC20087854
Year Built
1956
Bedrooms
4
Bathrooms
2
Living Sq. Ft
1,878
Lot Size
3,540
Acres
0.0813
Lot Location
21-25 Units/Acre, Back Yard
Days on Market
12
Property Type
Single Family Residential
Property Sub Type
Single Family Residence
Stories
Two Level
Builders Tract Code
Corona del Mar South of PCH (CDMS)
Neighborhood
Corona Del Mar South Of Pch (Cdms)

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

Additional Information

Tract Number
186
Lot Description
Curbs, Golf, Gutters, Sidewalks, Storm Drains, Street Lights
Pool Description
None
Fireplace Description
Living Room, Gas, Decorative, Masonry, Raised Hearth
Cooling Description
None
View
Neighborhood
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
School District
Newport Mesa Unified
Attached Structure
Detached
Total Number of Units
1

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Westley Williams from Harcourts Prime Properties

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.