121 E Chestnut, Orange, California 92867, Orange, 92867 - 4 bed, 2 bath
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121 E Chestnut
Orange, California 92867
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,934Sq Ft
7,280Lot Size
Property Price
LIST PRICE$1,099,950
EST. MARKET VALUE
$1,188,466
7% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $1,150,000—positioned well below the $1,232,943 Fair Market Value by 6%. This valuation gap offers $82,943 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with extensive infrastructure upgrades like new copper plumbing and a modern Granite Kitchen, this home requires zero maintenance. Located in the Orange Unified district, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready oasis.
Estimated Market Value
$1,188,466+$88,516 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Orange.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 E Chestnut Subject | $1,099,950* List Price | 4 | 2 | 1,934 | $615 | - |
A 515 E Hoover Sold | $1,199,000 | 4 | 2 | 2,042 | $587 | 0.5 mi |
B 534 E Hoover Sold | $1,210,000 | 3 | 2 | 1,716 | $705 | 0.5 mi |
C 402 E Hoover Avenue Sold | $1,251,000 | 3 | 3 | 1,716 | $729 | 0.5 mi |
D 1457 N Pine Street Sold | $1,385,000 | 4 | 3 | 2,265 | $611 | 0.4 mi |
E 1220 E Adams Avenue Sold | $1,225,000 | 3 | 2 | 1,853 | $661 | 0.9 mi |
F 1411 E Concord Sold | $1,130,000 | 4 | 2 | 1,629 | $694 | 0.7 mi |
G 1482 N Grand Active | $1,350,000 List Price | 5 | 3 | 2,304 | $586 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1962, the property has undergone comprehensive recent renovations to all major systems and cosmetics. Key upgrades include new copper plumbing, a new 200-amp electrical panel, new ABS drainage, and new attic insulation. The interior features a modern kitchen with granite countertops and custom cabinetry, updated bathrooms with contemporary vanities, and new laminate flooring throughout, qualifying it as a mint-condition, move-in ready home with no maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Infrastructure Upgrades
The property features significant high-value improvements including new copper plumbing, a 200-amp electrical panel, new ABS drainage, and a whole-house fan, significantly reducing future maintenance concerns.
- Modernized Chef's Kitchen
The kitchen is highly upgraded with granite countertops, custom cabinetry, and a premium five-burner built-in stove, offering a contemporary and functional space for entertaining.
- Premium Outdoor Living
The exterior serves as a private oasis with an oversized Alumiwood patio, new paving stones, and low-maintenance turf, providing a high-end environment for outdoor relaxation.
CONSRISKS & DEFICIENCIES
- Market Resistance and Pricing
The property has undergone two price reductions and has been on the market for 41 days, suggesting the initial list price was not aligned with current buyer expectations.
- Lack of Scenic Views
The listing explicitly notes a lack of views, which may be a drawback for buyers comparing this home to other million-dollar-plus properties in the Orange area.
About 121 E Chestnut
Beautiful Spacious 4 Bedroom 2 Bathroom Home in the City of Orange. Laminate wood flooring throughout. Kitchen shines with granite countertops, built-in stove, microwave and oven. 5 burner stove. Custom Cabinets. Recessed Lighting. Open floorplan to Dining Room area. Roomy Bedrooms. Upgrades you won't find in other homes: New blue gray copper plumbing. New 200 amp panel. New attic insulation. New ABS drainage. New Roofing ventilation with Whole House Fan. Ferguson plumbing fixtures. New paving stones in patio. Turf in Front Yard. 30,000 grain Water Softener. Water heater moved from indoors to Garage (under warranty). Immaculate Over-sized Alumiwood Patio. Plus, there is still area space for a playing area. Makes it look like your own Oasis.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 7,280 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,934 | 1,852.159 |
| Lot Size | 7,280 | 7,212.134 |
| Price | $1.10M | $1.31M |
| Price per sq ft | $569 | $692 |
| Built year | 1962 | 1964 |
| HOA | $0 | $151 |
| Days on market | 59 | 48 |
Pricing History
Listed for Sale
Sep 5, 2026
$1,099,950
$1,150,000
-4% Price Drop
Initial Listing
Price Change
Aug 11, 2026
$1,150,000
$1,195,000
-4% Price Drop
Initial Listing
Price Change
Aug 6, 2026
$1,195,000
$1,250,000
-4% Price Drop
Initial Listing
Price Change
Jul 12, 2026
$1,250,000
Initial Listing
Sold
Jul 30, 1999
$127,000
Public Record