1509 Prospect, Placentia, California 92870, Placentia, 92870 - 3 bed, 3 bath
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1509 Prospect
Placentia, California 92870
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
1,478Sq Ft
984Lot Size
Property Price
LIST PRICE$775,000
EST. MARKET VALUE
$834,498
7% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $775,000—positioned well below the $834,499 Fair Market Value by 7%. This valuation gap offers $59,499 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home includes a modernized kitchen with quartz counters, new LVP flooring, and upgraded bathrooms. Located in the top-rated Placentia-Yorba Linda Unified School District, this property is an ideal choice for first-time buyers or Owner-Occupants seeking a move-in ready lifestyle.
Estimated Market Value
$834,498+$59,498 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Placentia.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1509 Prospect Subject | $775,000* List Price | 3 | 3 | 1,478 | $565 | - |
A 1280 Dominica Sold | $829,000 | 3 | 2 | 1,486 | $558 | 0.7 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.
Although built in 1963, the property has undergone a comprehensive recent renovation (likely <5 years) including a fully modernized kitchen with quartz counters and marble island, completely upgraded bathrooms with contemporary Schluter materials, new LVP flooring, and fresh paint throughout, meeting the criteria for mint condition and no immediate maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Yorba Linda Middle School (9/10).
- Modernized Interior
The home features extensive recent upgrades including a remodeled kitchen with a marble-top island and quartz counters, modernized bathrooms with premium materials, and new LVP flooring, offering a move-in-ready experience.
- Exceptional School District
Located within the highly-regarded Placentia-Yorba Linda Unified School District, the property is served by top-rated schools including Yorba Linda Middle School and Rose Drive Elementary, which boast ratings of 8 and 9.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =984, other record lot size in square feet = 167360.
- Minimal Private Outdoor Space
With a lot size of only 984 square feet and a condominium designation, the property offers very limited private outdoor area or yard space for personal use.
- Absence of Scenic Views
The property is noted as having no significant views, which may be a drawback for buyers seeking aesthetic vistas or natural surroundings from their living spaces.
About 1509 Prospect
What a great price for a 3 bedroom home in Orange County! Enjoy this upgraded home with cozy carpet where needed, sturdy LVP planks in the high traffic areas and brand new paint all around. The fireplace downstairs, that upgraded kitchen with the marble top island and quartz counters will just make you say, wow! There is a powder room (half bath) downstairs where the stacked washer and dryer reside for convenience. Upstairs, you have the three bedrooms that look so sleek and clean! The bathrooms have been completely modernized and upgraded. Look at the pictures! Black Schluter material was used and will keep freshness for many years to come. The community has a pool, hot tub, a clubhouse and some green areas for enjoyment. With this location, you will enjoy proximity to all of Orange County's best! Placentia is a lovely city, sort of a hidden gem. This sleek, ready to move in, modern condominium is waiting for a new owner. It has such a nice flow! Go for it now.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1963
- Lot Size
- 984 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $377.0 / Month
Neighborhood Insights
Placentia Unified Schools
Rose Drive Elementary School
Grades K-5 • 0.4 mi
8/10
Yorba Linda Middle School
Grades 6-8 • 0.8 mi
9/10
El Dorado High School
Grades 9-12 • 1.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.3 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,478 | 1,242.333 |
| Lot Size | 984 | 22,491.5 |
| Price | $775.0K | $718.2K |
| Price per sq ft | $524 | $588 |
| Built year | 1963 | 1984 |
| HOA | $377.0 | $413 |
| Days on market | 6 | 56 |
Pricing History
Listed for Sale
Sep 3, 2026
$775,000
Initial Listing