RealKey
‪(213) 433-7766‬

120 N Wright Street, Santa Ana, California 92701, Santa Ana, 92701 - 3 bed, 1 bath

120 N Wright Street, Santa Ana, California 92701 home-pic-0
ACTIVE$850,000
120 N Wright Street, Santa Ana, California 92701
3Beds
1Bath
1,178Sqft
7,021Lot
Year Built
1947
Close
-
List price
$850K
Original List price
$950K
Price/Sqft
$722
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2406702
Home ConditionExcellent
Features
ViewNeighborhood

About this home

Possibly Over-Priced:The estimated price is 31% below the list price. We found 3 Cons,6 Pros. Rank: price - $850.0K(38th), sqft - 1178(17th), beds - 3(50th), baths - 1(25th).

PRICE IMPROVEMENT! This beautifully renovated single-story family home is now available at an even better price! This single-story family home has been recently renovated, featuring modern flooring, cabinetry, plumbing, appliances, and a freshly painted kitchen. New carpets have been installed in all rooms, and a cozy fireplace in the living room adds to the inviting ambiance. The property includes a 2-car garage and an extended driveway that can accommodate up to four additional vehicles, providing ample parking. Situated on a spacious 7,021 square foot lot with R2 zoning, this home offers great potential for an ADU, potentially making it an excellent income-producing property. Conveniently located near the Santa Ana Zoo and close to the border of Tustin, with quick access to the 5 and 55 freeways, the home also boasts a versatile backyard with a storage shed, previously used as an art studio. This property combines modern updates with the added benefit of ADU potential, making it a unique opportunity for families or investors.

Condition Rating
Excellent
Despite being built in 1947, the property has undergone a recent and extensive renovation, as explicitly stated in the description. This includes modern flooring, cabinetry, plumbing, appliances, fresh paint, and new carpets throughout. The images support a clean, updated interior with modern light fixtures and new carpeting. While the single bathroom for three bedrooms is a functional limitation, the description implies all plumbing is modern, suggesting the bathroom itself is also updated to current quality standards. The comprehensive nature of the renovation brings the property's condition to an excellent standard, meeting the criteria of being extensively renovated recently with virtually new components.
Pros & Cons

Pros

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 = 7021, living area = 1178.
Extensive Recent Renovation: The home has undergone significant renovations, including modern flooring, cabinetry, plumbing, appliances, fresh paint, and new carpets, offering a move-in ready condition.
ADU Potential: Situated on a spacious 7,021 sq ft lot with R2 zoning, the property offers excellent potential for an Accessory Dwelling Unit (ADU), providing an opportunity for rental income or expanded living space.
Ample Parking: The property features a 2-car garage and an extended driveway capable of accommodating up to four additional vehicles, a significant advantage for multi-car households or guests.
Strategic Location: Conveniently located near the Santa Ana Zoo, close to the Tustin border, and with quick access to the 5 and 55 freeways, enhancing accessibility and local amenities.
Significant Price Reduction: A recent price improvement from an original list price of $950,000 to $850,000 indicates a motivated seller and potentially better value for prospective buyers.

Cons

Discrepancy in Estimated Value: The property's estimated value of $580,245.78 is considerably lower than the current list price of $850,000, which may raise questions about market alignment and appraisal for financing.
Limited Bathroom Count: With only one bathroom for a 3-bedroom home, this could be a functional limitation for families or multiple residents, potentially affecting daily convenience and resale appeal.
Age of Original Construction: Built in 1947, despite recent renovations, the underlying structure and potentially some major systems (not explicitly mentioned as replaced) are older, which could lead to unforeseen maintenance needs in the future.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state