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416 Magnolia Ave, Brea, CA 92821
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416 Magnolia Ave Brea, CA 92821

$810,000 Sold Price as of 08/07/2019
  • 3 Beds
  • 3 Baths
  • 1,856 Sq.Ft.
Sold
$810,000 Sold Price as of 08/07/2019 Refinance Your Mortgage
Map preview of 416 Magnolia Ave, Brea, CA 92821

Property Overview: 416 Magnolia Ave Brea, CA has 3 bedrooms, 3 bathrooms, 1,856 living square feet and 6,372 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: TWO ON A LOT. An upgraded 3/2 home with a two car detached garage and a Studio in the rear of the property. Studio is permitted as an ADU (Accessory Dwelling Unit) and either the home or studio can be rented out as long as owner lives on the property or rent the whole property to one tenant? Great opportunity for a Buyer to live in this desirable neighborhood at a discounted price as an owner occupied. Home is a highly upgraded 3 bedroom 2 bath with a newer kitchen, roof, plumbing, electrical, outside living area, earthquake retrofit and much more. A must see. Less than a 10 minute drive to Cal State Fullerton. Three blocks to Downtown Brea with movie theaters and restaurants.

Listed by Richard Bell | BRE #01344469 | Bell Realty Group
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
6,372
HOA Dues
$0/mo
Year built
1950
Garage
2 Car
Property Type:
Duplex
Status
Sold
MLS#
PW19132241
City
Brea
County
Orange
Time on Site
1397 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $36,168
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 416 Magnolia Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Central, Combination
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Ceiling Fan(s), Wired for Sound
  • Levels: One
Exterior Features
Exterior Information
  • Other Structures: Guest House, Guest House Detached, Two On A Lot
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage Faces Rear, No Driveway
Lot Information
  • Lot Features: Front Yard, Yard
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 28422321
  • Year Built Source: Public Records
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Downtown Brea
  • Directions: S/ Imperial Hwy, E/ Brea Blvd
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban
View more facts & features

Local Brea Agent

Sale History for 416 Magnolia Ave

Last sold for $810,000 on August 7th, 2019

  • August, 2019

  • Aug 9, 2019

    Date

    Sold

    CRMLS: PW19132241

    $810,000

    Price

  • Jun 21, 2019

    Date

    Hold

    CRMLS: PW19132241

    $849,000

    Price

  • Jun 19, 2019

    Date

    Active

    CRMLS: PW19132241

    $849,000

    Price

  • Jun 14, 2019

    Date

    Price Change

    CRMLS: PW19132241

    $849,000

    Price

  • Jun 13, 2019

    Date

    Hold

    CRMLS: PW19132241

    $869,000

    Price

  • Jun 10, 2019

    Date

    Active

    CRMLS: PW19132241

    $869,000

    Price

  • Jun 8, 2019

    Date

    Hold

    CRMLS: PW19132241

    $869,000

    Price

  • Jun 8, 2019

    Date

    Active

    CRMLS: PW19132241

    $869,000

    Price

  • August, 2019

  • Aug 8, 2019

    Date

    Sold

    CRMLS: PW19099069

    $810,000

    Price

  • Jul 15, 2019

    Date

    Pending

    CRMLS: PW19099069

    $799,000

    Price

  • Jun 23, 2019

    Date

    Price Change

    CRMLS: PW19099069

    $799,000

    Price

  • Jun 14, 2019

    Date

    Price Change

    CRMLS: PW19099069

    $849,000

    Price

  • May 30, 2019

    Date

    Price Change

    CRMLS: PW19099069

    $869,000

    Price

  • May 3, 2019

    Date

    Active

    CRMLS: PW19099069

    $895,000

    Price

  • Listing provided courtesy of CRMLS

    TWO ON A LOT. Range pricing $799,000 to $849,000. Beautiful turnkey 3 bdrm & 2 bath home with many upgrades PLUS A SEPARATE STUDIO (Granny Flat) perfect for extended family or to generate revenue by renting out long term or doing short term rentals, Estimated market rent for studio is up to $1,400 per month! Total square feet of both the home and the back Apt. totals 1,856. RENTING OUT THE BACK APT. SAVES THE BUYER OVER $600 PER MONTH COMPARED TO BUYING A SIMILAR HOME WITHOUT THE SEPARATE UNIT. Great location within walking distance of Downtown Brea, and Laurel Elementary school. This tastefully and thoughtfully upgraded home is sure to impress. In the past 4 years, the sellers have replaced the roof, remodeled the kitchen, refinished the hardwood floors, upgraded the electrical panel, painted the interior and exterior, added a new attached patio cover, completed a seismic upgrade, added LED recessed lighting, installed in-ceiling speakers throughout, and much more! Located in a great neighborhood with excellent public schools, and within couple of blocks of 2 Montessori schools. An alley in the rear provides access to the 2-car garage, which is adjacent to the studio with 3/4 Bath, kitchen, lots of living space, and beautifully appointed, which will be fully permitted as an Accessory Dwelling Unit before close of escrow. Savings mentioned above are estimated and may change with buyers specific circumstances. Buyer should check with their CPA for actual savings numbers.

  • August, 2019

  • Aug 7, 2019

    Date

    Sold (Public Records)

    Public Records

    $810,000

    Price

  • November, 2011

  • Nov 18, 2011

    Date

    Sold (Public Records)

    Public Records

    $380,000

    Price

Show More

Tax History for 416 Magnolia Ave

Assessed Value (2020): $810,000
Year Land Value Improved Value Assessed Value
2020 $726,333 $83,667 $810,000

Home Value Compared to the Market

This property vs the competition

416 Magnolia Ave sold on August 7, 2019 for 29.25% lower than the current median sold price for the city of Brea which is $1,200,000. The median sold price per/sqft for Brea is $601 and this home is sold at $457.44 per/sqft which puts the price per square foot 23.89% lower than the current median sale per square foot for the city of Brea.

About 416 Magnolia Ave

Detailed summary of property

416 Magnolia Ave is a duplex that recently sold in Brea, CA 92821. This duplex offered 3 bedrooms, 3 bathrooms, roughly 1,856 living square feet, and sits on an approximately 6,372 square foot lot. 416 Magnolia Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $810,000. Home in Brea are selling for a median price of $1,200,000 and a median price per square foot of $601. Based on Ardent Real Estate Group's Brea Market Data, this home is sold 29.25% lower than the current median priced home. Local homes that are currently for sale include 700 Keenan Ave, 1156 W Stoneridge Court and 564 S Sadler Ave. While the average home in Brea, CA is selling in 39 days, 416 Magnolia Ave has a days on market of 5 days. There are currently 44 homes for sale in the Brea real estate market and 40 of them are single family homes while 4 of them are condos and 0 are townhomes. For more information on this home for sale at 416 Magnolia Ave Brea, CA 92821 contact Ardent Real Estate Group and we will put you in touch with one of our Brea agents.

Public Facts for 416 Magnolia Ave

Public county record property details
Beds
3
Baths
2
Year built
1950
Sq. Ft.
1,486
Lot Size
6,372
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
5
APN
284-223-21

The source for these homes facts are from public records.

92821 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,095,000
Median List Price/Sq.Ft.
$567
Median Sold Price
$1,185,150
Median Sold Price/Sq.Ft.
$589
Total Inventory
36
Median Sale to List Price %
118.52%
Avg Days on Market
19
Loan Type
Conventional (59.09%), FHA (0%), VA (0%), Cash (22.73%), Other (18.18%)

Thinking of Selling?

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(714) 706-1823

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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.

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