1 month on rocket

705 Orchid Ave, Corona Del Mar, CA, 92625

$3,295,000

5 Bedrooms
5 Full Baths
2,967 SqFt
$1,111/SqFt
Multi

Location

Image provided by Mapbox

Property Highlights

Home TypeDuplex
Garage2 spaces
Year Built1969
CoolingNone
FireplaceFamily Room
ViewNone
MLS #OC24196512
Lot Size0.08 Acres
StatusActive

About 705 Orchid Ave

Welcome to the gorgeous seaside community of Corona Del Mar! World class shopping, entertainment & dining, coupled with beautiful weather all year makes this coastal paradise extremely attractive to discerning homebuyers, capable developers, and savvy investors! Just a few short blocks to downtown CDM & to the beach, this beautiful duplex offers two spacious units: A 3 bedroom 3 bathroom in the picture-perfect front cottage, and 2 bedrooms & 2 bathrooms in the rear unit. The property has a two car garage, a lovely central courtyard separating the front and rear units, and community laundry in the garage (separate hookups for each unit). The property is being sold as-is. From a re-development perspective, the subject property is an ideal candidate for redevelopment. The city of Newport Beach launched an incentive program for the preservation of beach cottages on January 25, 2022, which allows owners to build substantial additions (up to 50 percent of the existing floor area or a maximum of 750 square feet) without providing the minimum code-required parking. Only the structure affected by the renovation/addition will have to comply with current building code standards. Refer to city website for more details.

Property Details

Property Features

Property Information:

  • Year Built: 1969
  • Stories: 2
  • Living Area: 2,967 SqFt

Listing Office:

  • Office Name: Anchor West Properties, Inc.
  • Office Phone: (949) 392-3242
  • Listing Agent: James Vanar

Interior Features

Interior Information:

  • Fireplace: Family Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No

Lot Features

Lot Information:

  • Lot: Landscaped
  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Cooling: None

School Info

Assigned Schools Information:

  • Corona Del Mar High School, Public District Grades 7-12
  • Harbor View Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Orchid & 4th

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,295,000
  • Price Per SqFt: $1,111/SqFt

Tax Information:

  • Annual Amount: $10,603
  • 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 Orchid Ave vs Corona Del Mar

45 DAYS ON ROCKET

-10 Days

$3,295,000

-$602.5K Less

$1,111/SqFt

-$678 Less

KEY TAKEAWAY

This property is $602.5K less than the Median Sold Price and $678/SqFt less than other homes in Corona Del Mar, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24196512

Listing Office:

  • Office Name: Anchor West Properties, Inc.
  • Office Phone: (949) 392-3242
  • Listing Agent: James Vanar

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: 11/4/2024, 10:20:51 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

Jun 30, 1998Home Sold
$650,000

Tax History

YEARPROP. TAXASSESSMENT
2021$10,603$958,853
2020$10,500$949,022
2019$10,088$930,414
2018$10,088$912,171
2017$9,911$894,286

History based on county public records data.

Payment Calculator

$16.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,945

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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.

Elementary School

school-card-donut-1775422
9
/10
  • Harbor View Elementary School

  • 900 Goldenrod Ave

  • 0.39 miles

  • Public District Grades KG-6

High School

school-card-donut-1775423
8
/10
  • Corona Del Mar High School

  • 2101 Eastbluff Dr

  • 2.59 miles

  • Public District Grades 7-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,734. Typical income of Corona Del Mar, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

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Rocket HomesCaliforniaOrange CountyCorona Del Mar92625705 Orchid Ave

This home is located at 705 Orchid Ave in Corona Del Mar, CA and zip code 92625 in the Flower Streets / Corona del Mar Village neighborhood. This 2,967 square foot home, which was built in 1969, sits on a 0.08 acre lot. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since September 21, 2024 and is currently priced at $3,295,000.

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. The number of homes for sale in Corona Del Mar, CA increased by 3.4% between September 2024 and October 2024. While the average time on the market in October 2024 was 55 days, the median list price was $3,897,500.

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

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