10961 Limetree, Santa Ana, California 92705, Santa Ana, 92705 - 4 bed, 3 bath

10961 Limetree
Santa Ana, California 92705
Property Price
SUMMARY
Analysis of 10961 Limetree, Santa Ana, California 92705 reveals a property with a current list price of $2,700,000, which is 16% above the estimated $2,321,856 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Santa Ana Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10961 Limetree Subject | $2,700,000* List Price | 4 | 3 | 2,311 | $1,005 | - |
A 1772 Sirrine Sold | $2,060,000 | 3 | 3 | 2,225 | $926 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property is currently an active construction site under major development and structural expansion. While it is being sold with approved plans for a luxury residence and ADU, its current physical state is unlivable, featuring unfinished interiors and ongoing rehabilitation work that requires substantial capital to complete.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 26400, living area = 2311.
- Approved Development Plans
The property is sold with fully approved plans to expand the residence to 3,533 SF, eliminating the significant time and risk associated with the city entitlement and permitting process.
- Substantial ADU Potential
The inclusion of a planned 1,174 SF attached ADU provides exceptional versatility for multigenerational living, a private home office, or a high-value rental income stream.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-03-24. The sold price is $2,280,000.00.
- Active Construction Status
As the property is currently under development, it is not move-in ready, requiring the buyer to manage construction timelines and potential site complexities.
- Capital Intensive Completion
The $2.7M list price reflects the future value of the asset, meaning the buyer must have additional liquid capital and expertise to fund and oversee the project to completion.
About 10961 Limetree
Offered with fully approved plans and currently under development, this property represents a rare opportunity to acquire a thoughtfully expanded residential compound upon completion. Originally built as a 2,500 square foot residence, the approved transformation expands the property to a total of 3,533 square feet, inclusive of a 1,174 SF attached ADU and a 642 SF three-car garage. Upon completion, the primary residence will span 2,359 SF of refined interior living space, achieved through a calculated 907 SF structural expansion combined with intelligent spatial reallocation. The design is not a simple addition, but a rebalancing of proportion, flow, and architectural presence. The attached ADU—planned at 1,174 SF—has been designed to function as a fully independent living space while remaining cohesively integrated within the overall structure. Whether intended for multigenerational living, executive guest quarters, private office use, or income generation, it introduces strategic flexibility to the asset profile. All plans have been approved in compliance with current California building standards, ensuring structural integrity and long-term durability upon delivery. This is not merely a larger home. It is a permitted expansion with vision. It is flexibility engineered into the design. It is residential real estate positioned as an asset—ready to be realized.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1967
- Lot Size
- 26,400 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,311 | 2,472 | 40% |
| Lot Size | 26,400 | 12,390 | 89% |
| Price | $2.70M | $1.73M | 87% |
| Price per sq ft | $1.2K | $683 | 99% |
| Built year | 1967 | 1963 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 173 | 1% |
Pricing History
Listed for Sale
Feb 24, 2026
$2,700,000
Initial Listing
Sold
Mar 24, 2025
$2,280,000
Public Record
Sold
Aug 21, 2023
$2,150,000
Public Record
Sold
May 27, 2014
$1,050,000
Public Record
Sold
Aug 20, 1999
$560,000
Public Record










































































