Yesterday, we found a flyer on our doorstep advertising an Open House for a 1955 mid-century modern in
Irvine Terrace at 730 Santana Drive in Corona del Mar, California. Intrigued, we went and talked to the Realtor,
Sue Ross-Chayes about the home. It is a three bedroom, two bathroom 1,707 square feet $1,250,000 short sale on a lot that is 7,245 square feet. Here is the
listing.Open house is running July 14 and 15th, 2012 from 11am to 4pm. They are looking for offers by Tuesday, July 17, 2012 at 6pm.
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Facing the front door |
Before you gasp too loudly at the price, a property on that same street recently sold a few months ago for $1.75M. Of course it was in pristine condition, had a pool and an extra bathroom and was about 2,100 square feet. But, honestly, one story homes are in demand (aging baby boomers) and this one is a deal. It could be purchased quickly, and with a cash infusion, could be potentially flipped for a nice profit.