1963 McCormack Ln, Placentia, CA 92870
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1963 McCormack Ln Placentia, CA 92870

$1,530,000 Sold Price as of 04/07/2023
  • 7 Beds
  • 4.5 Baths
  • 2,926 Sq.Ft.
Sold
$1,530,000 Sold Price as of 04/07/2023 Refinance Your Mortgage

Map preview of 1963 McCormack Ln, Placentia, CA 92870

Property Overview: 1963 McCormack Ln Placentia, CA has 7 bedrooms, 4.5 bathrooms, 2,926 living square feet and 5,522 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: BRAND NEW CONSTRUCTION - PLUS ADU IN BACK! This gorgeous ground-up development features not one, but TWO properties and is located in the prestigious Wagner Neighborhood of Placentia. Both properties have paid-off Solar Panels worth $50k! The main house is a 2-story, 4-bed, 3-bath home with a spacious 1,976 sq ft of living space and can rent for $4,500 and the ADU is 950 sq ft and can rent for $3,500 for a combined rent roll of $8,000 per month! The entire exterior curb appeal is stunning, with lush landscaping and stamped driveway which leads to the entry, where natural light fills the entire home. The 9-foot ceilings on both floors give the house an airy and spacious feel. The downstairs features an open floor plan with a sizable living room, dining room, and kitchen. Brand new luxury vinyl planks, modern white kitchen with black fixtures, and metal staircase provides that contemporary style that is so desirable! A half bathroom and direct 2-car garage access completes the downstairs floor plan. Upstairs features 4 bedrooms including the huge master bedroom. There is a luxurious shared bathroom upstairs along with washer & dryer hookup for convenience. The master suite features a walk-in closet, huge bathroom with marble shower, dual vanities, and a private water closet. BONUS Accessory Dwelling Unit (ADU) or Guest House in the back can rent for $3,500. This 1-story ADU is 950 sq ft and offers 3-beds, 2-baths, with one of the rooms being a master suite. The cozy living and kitchen are designed similar to the front house, and also features 9-foot ceilings. This ADU is ALL separate metered for all utilities from the main house which was a very expensive upgrade! Placentia is one of the rare cities that allows LEGAL short-term rentals (AirBnb) with a city permit for the main house. Schools are top-notch, and very closeby to the neighborhood. Property has NO HOA fees. You do not want to miss out on the opportunity to own this custom new-build with 2 houses on a lot that features exquisite details throughout the houses with fine finishes!

Listed by Daniel Poon | BRE #01897213 | eXp Realty of California Inc
Co-listed by Andrea Munoz | BRE #02026258 | eXp Realty of California Inc
Last checked: 14 minutes ago | Last updated: April 7th, 2023 | Source CRMLS | DOM: 82

Home details

Lot Sq. Ft
5,522
HOA Dues
$0/mo
Year built
2022
Garage
2 Car
Property Type:
Single Family Home
Status
Sold
MLS#
OC22248696
City
Placentia
County
Orange
Time on Site
511 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $96,000
  • Net Operating Income: $96,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $2,000
  • Water/Sewer: $0

Property Details for 1963 McCormack Ln

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, In Closet, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile, Vinyl
  • All Bedrooms Down, Living Room, Master Bathroom, Master Bedroom, Master Suite, Walk-In Closet
Kitchen Information
  • Has Appliances
  • Dishwasher, Free-Standing Range, Disposal, Microwave, Range Hood, Refrigerator, Tankless Water Heater
Interior Features
  • Attic Fan, Block Walls, High Ceilings, Quartz Counters, Wired for Data
  • Levels: Two
  • Window Features: Double Pane Windows
Exterior Features
Exterior Information
  • Roof: Spanish Tile
  • Rain Gutters
  • Has Fence
  • Block, Vinyl
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Front Yard, Landscaped, Sprinklers In Front, Sprinklers In Rear, Utilities - Overhead
  • Lot Size Source: Plans
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 33640409
  • Year Built Source: Builder
  • Foundation Details: Slab
  • Property is not Attached
  • Accessibility Features: None
  • Has Additional Parcels
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Wagner
  • Directions: McCormack & E Bastanchury
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Placentia Agent

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Sale History for 1963 McCormack Ln

Last sold for $1,530,000 on April 7th, 2023
  • April, 2023

  • Apr 7, 2023

    Date

    Sold

    CRMLS: OC22248696

    $1,530,000

    Price

  • Nov 30, 2022

    Date

    Active

    CRMLS: OC22248696

    $1,599,000

    Price

  • November, 2021

  • Nov 18, 2021

    Date

    Price Change

    CRMLS: OC21238288

    $599,000

    Price

  • Oct 29, 2021

    Date

    Active

    CRMLS: OC21238288

    $675,000

    Price

  • Listing provided courtesy of CRMLS

    Situated in an excellent location in the prestigious Wagner Neighborhood, this Placentia lot is perfect for your own custom new-build property. Two lots were merged and plans have been approved to allow you the opportunity to build a sizable 1,976 sq ft 4-bed 2-bath home and an 950 sq-ft 3-bed 2-bath accessory-dwelling unit (ADU). Homes in the area having 2 units sell for $1,400,000+ for new construction. Schools are top-notch, rated in the 9s. In addition, short-term rentals (AirBnb) are legal and permitted in the city of Placentia for the main house. This is a rare opportunity to purchase raw land for your custom property. Owner is a developer and can help with the plans & construction. Bids upon request to show the cost of the buildout for house and ADU.

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Tax History for 1963 McCormack Ln

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1963 McCormack Ln sold on April 7, 2023 for 61.41% higher than the current median sold price for the city of Placentia which is $990,000. The median sold price per/sqft for Placentia is $555 and this home is sold at $546.14 per/sqft which puts the price per square foot 1.6% lower than the current median sale per square foot for the city of Placentia.

About 1963 McCormack Ln

Detailed summary of property

1963 McCormack Ln is a single family home that recently sold in Placentia, CA 92870. This house offered 7 bedrooms, 4.5 bathrooms, roughly 2,926 living square feet, and sits on an approximately 5,522 square foot lot. 1963 McCormack Ln was first listed on ArdentRealEstateGroup.com on December 1, 2022. The homeowner sold the property for $1,530,000. Home in Placentia are selling for a median price of $990,000 and a median price per square foot of $555. Based on Ardent Real Estate Group's Placentia Market Data, this home is sold 61.41% higher than the current median priced home. Local homes that are currently for sale include 18161 Buena Vista Ave, 5320 Lakeview Ave and 2912 Hickory Pl. While the average home in Placentia, CA is selling in 33 days, 1963 McCormack Ln has a days on market of 82 days. There are currently 68 homes for sale in the Placentia real estate market and 47 of them are single family homes while 19 of them are condos and 2 are townhomes. For more information on this home for sale at 1963 McCormack Ln Placentia, CA 92870 contact Ardent Real Estate Group and we will put you in touch with one of our Placentia agents.

Public Facts for 1963 McCormack Ln

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

92870 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$949,000
Median List Price/Sq.Ft.
$567
Median Sold Price
$1,003,800
Median Sold Price/Sq.Ft.
$555
Total Inventory
69
Median Sale to List Price %
108.52%
Avg Days on Market
12
Loan Type
Conventional (42.42%), FHA (9.09%), VA (0%), Cash (36.36%), Other (12.12%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.