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1206 S Broadway, Santa Ana, California 92707, Santa Ana, 92707 - 3 bed, 1 bath

1206 S Broadway, Santa Ana, California 92707 home-pic-0
ACTIVE$800,000
1206 S Broadway, Santa Ana, California 92707
3Beds
1Bath
1,151Sqft
7,500Lot

Price Vs. Estimate

The estimated value ($554,733.91) is $245,266.09 (30%) lower than the list price ($800,000). This property may be overpriced.

Key pros and cons

Top 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 = 7500, living area = 1151.
Top Cons:
Significant Overpricing: The current list price of $800,000 is considerably higher than the estimated market value of $554,733.91, indicating a potential overvaluation of approximately 30%.

Compared to the nearby listings

Price:$800.0K vs avg $870.0K ($-70,000)29%
Size:1,151 sqft vs avg 1,395 sqft31%
Price/sqft:$695 vs avg $66160%

More Insights

Built in 1925 (100 years old).
Condition: The property was built in 1925 and the listing provides no interior photos, especially of the kitchen and bathroom, which strongly suggests these areas are severely outdated and require substantial renovation. The description mentions only exterior painting and that the property has been in the same family for years, implying a lack of recent major interior updates. Additionally, the presence of a potentially unpermitted third bedroom indicates further issues requiring attention beyond minor repairs. While not explicitly stated as structurally unsound, the age and lack of interior renovation details point to a need for significant rehabilitation to meet modern living standards.
Year Built
1925
Close
-
List price
$800K
Original List price
$800K
Price/Sqft
$695
HOA
-
Days on market
-
Sold On
-
MLS number
IG25135553
Home ConditionPoor
Features
ViewNeighborhood

About this home

Location...established area near the best attractions in California such as: Disneyland Park, Knott's Berry Farm, Santa Ana Zoo, Wild Rivers Waterpark, K1 Speed ??- Indoor Go Karts, Corporate Event Venue, Team Building Activities, to name a few. There is also space to develop a second unit or ADU, with a detached garage. This property has 3 beds and 1 bath, with the third bedroom believed to be unpermitted. This property has been in the same family for years, an area where your children can grow and develop happily. It is recommended that the buyer or their agent verify the future use or development with the city and be satisfied with the information found. The information provided in this listing is for informational purposes only, and buyers must be satisfied with what they have found and ascertained for themselves. The exterior of the house, fences, and some garage walls have also been painted. This photo was taken on the first visit to the property. More photos, a Platform Map, and a 3D tour are coming soon.

Nearby schools

5/10
Martin Elementary School
Public,•K-5•0.5mi
2/10
Julia C. Lathrop Intermediate School
Public,•6-8•0.1mi
3/10
Gerald P. Carr Intermediate School
Public,•6-8•1.5mi
6/10
Saddleback High School
Public,•7-12•1.7mi
Condition Rating
Poor
The property was built in 1925 and the listing provides no interior photos, especially of the kitchen and bathroom, which strongly suggests these areas are severely outdated and require substantial renovation. The description mentions only exterior painting and that the property has been in the same family for years, implying a lack of recent major interior updates. Additionally, the presence of a potentially unpermitted third bedroom indicates further issues requiring attention beyond minor repairs. While not explicitly stated as structurally unsound, the age and lack of interior renovation details point to a need for significant rehabilitation to meet modern living standards.
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 = 7500, living area = 1151.
Development Potential (ADU): The generous 7500 sqft lot with a detached garage offers significant potential for adding an Accessory Dwelling Unit (ADU), enhancing future value and rental income.
Strategic Location: Situated in an established area with convenient access to major Southern California attractions like Disneyland, Knott's Berry Farm, and the Santa Ana Zoo.
Generous Lot Size: A 7500 sqft lot provides ample outdoor space for expansion, landscaping, or recreational use, a valuable asset in urban areas.
Established Family Neighborhood: The property is located in a long-standing family-oriented neighborhood, suggesting community stability and desirability for families.
Recent Exterior Refresh: The recent painting of the house exterior, fences, and some garage walls indicates a level of care and improved curb appeal.

Cons

Significant Overpricing: The current list price of $800,000 is considerably higher than the estimated market value of $554,733.91, indicating a potential overvaluation of approximately 30%.
Unpermitted Bedroom & Limited Bathrooms: The presence of a potentially unpermitted third bedroom and only one bathroom for a 3-bedroom home presents legal risks and functional limitations for prospective buyers.
Dated Condition & Required Due Diligence: As a 1925 build with limited mentioned updates and an explicit call for buyer verification, the property likely requires significant interior renovations and thorough due diligence to address potential issues.

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