1513 Wavertree Lane, Fullerton, California 92831, Fullerton, 92831 - 3 bed, 3 bath
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1513 Wavertree Lane
Fullerton, California 92831
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,404Sq Ft
43,560Lot Size
Property Price
LIST PRICE$739,999
EST. MARKET VALUE
$700,211
5% AboveMARKET VALUE
SUMMARY
This tri-level townhome presents a Strong Value Opportunity, listed at $739,999—positioned well below the $700,211 Fair Market Value by -5%. While the property is in Fair Condition Rating (4/10) and requires cosmetic updates, it offers a functional layout with private patios, balconies, and a two-car garage. Located in the tranquil Water Gardens community near CSU Fullerton, this asset provides a balance of lifestyle amenities and renovation potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic modernization.
Estimated Market Value
$700,211
Based on Realkey algorithm analyzing recent comparable sales in Fullerton.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1513 Wavertree Lane Subject | $739,999* List Price | 3 | 3 | 1,404 | $499 | - |
A 3110 E Palm 14 Sold | $675,000 | 3 | 3 | 1,408 | $479 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1975, this property is nearly 50 years old and shows significant dating. While the flooring has been updated to tile and laminate, the bathrooms feature older white vanities and fixtures, and the overall aesthetic suggests renovations are older than 15-20 years. It is functional and move-in ready but requires cosmetic updates and likely system reviews to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
The property is ideally situated near California State University Fullerton, Brea Mall, and major freeways, offering excellent convenience for students, faculty, and commuters.
- Resort-Style Community Amenities
Located in the sought-after Water Gardens community, residents benefit from lush tropical landscaping, multiple pools, spas, and serene water ponds that create a tranquil living environment.
- Functional Tri-Level Layout
The spacious floor plan features high ceilings, abundant natural light, multiple private balconies, and a two-car garage with ample storage, providing a modern and airy feel.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $466 per month is a significant recurring cost that may impact the affordability and debt-to-income ratio for potential buyers.
- Multi-Level Accessibility
The tri-level design requires navigating multiple sets of stairs, which could be a drawback for buyers with mobility concerns or those seeking a more accessible single-story layout.
About 1513 Wavertree Lane
Welcome to 1513 Wavertree Lane, a charming 3 bedroom 3 bathroom townhome, located in the pristine and tranquil Water Gardens community. Close to California State University Fullerton, shopping centers, the Brea Mall, and easy freeway access, you’re always minutes away from the best Fullerton has to offer. The Water Gardens community is sought out for its tropical landscaping, complete with community pools, spas, and water ponds. This beautiful townhome has a spacious and inviting floor plan. Entering the home, you'll walk through a private patio into the living room, the high ceilings are accented by natural light. Enjoy California winters by the fireplace in the living room. The next level of this tri-level townhome has a dining room, kitchen and a beautiful bedroom, complete with walk-in closet, balcony, and bathroom. The final level of the home has a bathroom, bedroom, and incredibly spacious master bedroom with a walk-in closet, large balcony and master bathroom. The home is completed with a large 2 car garage, with room for storage and laundry. You’ll immediately feel at home in this Fullerton oasis.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1975
- Lot Size
- 43,560 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $466.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.9 |
| Baths | 3.0 | 2.7 |
| Square foot | 1,404 | 1,546.333 |
| Lot Size | 43,560 | 49,945.571 |
| Price | $740.0K | $837.2K |
| Price per sq ft | $527 | $571 |
| Built year | 1975 | 1979 |
| HOA | $466.0 | $443 |
| Days on market | 42 | 68 |
Pricing History
Listed for Sale
Jul 29, 2026
$739,999
Initial Listing
Sold
Aug 31, 2021
$585,000
Public Record
Sold
Jul 21, 2004
$415,000
Public Record
Sold
Dec 4, 2001
$218,500
Public Record