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

10961 Limetree, Santa Ana, California 92705 home-pic-0

10961 Limetree

Santa Ana, California 92705

ACTIVE
CONDITION: POOR
4Beds
3Baths
2,311Sq Ft
26,400Lot Size

Property Price

LIST PRICE$2,700,000
EST. MARKET VALUE
$2,321,856
16% AboveMARKET VALUE

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

$2,321,856
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
10961 Limetree
Subject
$2,700,000*
List Price
432,311$1,005-
A
1772 Sirrine
Sold
$2,060,000332,225$9260.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.03.0
50%
Square foot2,3112,472
40%
Lot Size26,40012,390
89%
Price$2.70M$1.73M
87%
Price per sq ft$1.2K$683
99%
Built year19671963
67%
HOA$0$0
50%
Days on market11173
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

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