7 months on rocket

705 Iris Ave, Corona Del Mar, CA, 92625

$3,375,000

0 Baths
Multi

Location

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Property Highlights

Home TypeTriplex
ParkingGarage, Garage Faces Rear
Garage2 spaces
Year Built1950
HeatingForced Air, Fireplace(s)
CoolingNone
FireplaceFamily Room
ViewNeighborhood
MLS #OC24065122
Lot Size0.08 Acres
StatusActive

About 705 Iris Ave

Centrally located in the Village of Corona del Mar, 705 Iris offers a wealth of possibilities! Currently configured as a triplex, the property could be a consistent income generator for the new owner. The main residence consists of two bedrooms and two bathrooms. The updated kitchen is open to a living room where natural light pours in, and a charming fireplace sits ready to warm coastal nights. The spacious living area that opens to a large front patio via a wall of folding doors. The rear cottage sits above the two car garage and consists of two bedrooms and one bathroom. The third unit is a large, ground level studio. Although immensely livable as-is - the property is primed for redevelopment. Located just minutes to beautiful beaches, shopping, and award winning restaurants. This alluring cottage style home is ready for any number of living options.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 2

Listing Office:

  • Office Name: O'Shaughnessy Group Real Estate
  • Office Phone: (949) 378-3075
  • Listing Agent: Brett Lucas

Interior Features

Interior Information:

  • Appliances: Dishwasher, Range, Disposal, Refrigerator, Dryer, Washer
  • Flooring Type: Carpet, Laminate, Wood
  • Interior: Beamed Ceilings, Balcony, High Ceilings, Living Room Deck Attached, Recessed Lighting, Unfurnished
  • Fireplace: Family Room

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Garage, Garage Faces Rear

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Fireplace(s)
  • Cooling: None

Other

Directions Information:

  • Directions: Driving north on PCH take right onto IRIS

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,375,000

Tax Information:

  • Annual Amount: $21,794
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Corona Del Mar, CA.

Med. Sold Price

$3.8M

Med. Price/SqFt

$1,788

Avg. Days On Market

55

# of Sold Homes

12

705 Iris Ave vs Corona Del Mar

226 DAYS ON ROCKET

+171 Days

$3,375,000

-$522.5K Less

KEY TAKEAWAY

This property is $522.5K less than the Median Sold Price in Corona Del Mar, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24065122

Listing Office:

  • Office Name: O'Shaughnessy Group Real Estate
  • Office Phone: (949) 378-3075
  • Listing Agent: Brett Lucas

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 5:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 27, 2007Home Sold
$1,635,000
Oct 21, 1999Home Sold
$725,000
Jan 23, 1991Home Sold
$23,000
Jan 23, 1991Home Sold
$525,000

Tax History

YEARPROP. TAXASSESSMENT
2021$21,794$2,023,732
2020$21,584$2,002,982
2019$20,720$1,963,708
2018$20,721$1,925,204
2017$20,355$1,887,455

History based on county public records data.

Payment Calculator

$16.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.1K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-407869
9
/10
  • Harbor View Elementary School

  • 900 Goldenrod Ave

  • 0.16 miles

  • Public District Grades KG-6

school-card-donut-407870
8
/10
  • Lincoln Elementary School

  • 3101 Pacific View Dr

  • 0.85 miles

  • Public District Grades KG-6

school-card-donut-407871
8
/10
  • Andersen Elementary School

  • 1900 Port Seabourne Way

  • 1.63 miles

  • Public District Grades KG-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $98,544. Typical income of Corona Del Mar, CA residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket HomesCaliforniaOrange CountyCorona Del Mar92625705 Iris Ave

This home is located at 705 Iris Ave in Corona Del Mar, CA and zip code 92625 in the Flower Streets / Corona del Mar Village neighborhood. This home, which was built in 1950, sits on a 0.08 acre lot. It has been listed on Rocket Homes since April 03, 2024 and is currently priced at $3,375,000.

Over 0 listings were sold over their listed price in October 2024 in Corona Del Mar, CA. In the same period over 10 listings were sold below the listed price and 2 listings were sold for the listed price. In October 2024 in Corona Del Mar, CA there were 3.4% more homes for sale than in September 2024. In October 2024, listings were on the market for 55 days. During the same period, the median list price in this real estate market was $3,897,500.

From Rocket Homes Real Estate and based on county public records data.

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