1572 Lima Way 6, Placentia, California 92870, Placentia, 92870 - 2 bed, 3 bath
1572 Lima Way 6
Placentia, California 92870
Property Price
SUMMARY
Analysis of 1572 Lima Way 6, Placentia, California 92870 is currently available with a list price of $738,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Placentia Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This property was built in 2023, making it virtually new and well within the 10-year threshold for an excellent rating. The interior features modern, high-quality finishes including upgraded luxury vinyl flooring throughout (zero carpet), quartz countertops, shaker cabinets, and a five-burner gas stove. With energy-efficient additions like paid-off solar and an EV charging outlet, the home meets current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Financial Incentives
The property is eligible for a $30,000 grant and features fully paid-off solar panels, offering significant buyer savings on closing costs and long-term utility expenses.
- Modern Turn-Key Condition
Built in 2023, this home features high-end upgrades including luxury vinyl flooring throughout, quartz countertops, and an oversized garage with an EV charging outlet, requiring no additional renovation.
- Low Carrying Costs
Situated in a secure gated community with a low HOA fee and no Mello Roos, this property provides a more affordable monthly ownership profile than most newer developments in Orange County.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1320, other record living area = 1183. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- Limited Bedroom Capacity
The two-bedroom layout may limit the property's appeal to smaller households or professionals, potentially excluding larger families or those needing multiple flex spaces.
- High-Density Living
As a condominium unit, the home involves shared walls and lacks a private backyard, which may be a drawback for buyers seeking maximum privacy or dedicated outdoor space.
About 1572 Lima Way 6
Turn-key, ready to move in. THIS HOME QUALIFIES FOR A $30,000 GRANT! Can be used towards down payment, closing costs, or lower APR. Welcome to this PAID OFF solar powered home (save on energy), with 2 EN-SUITE bedrooms, 2.5 baths, 1320 sq ft of open living space in a secure GATED COMMUNITY with NO MELLO ROOS. Comes with a DIRECT ACCESS, OVERSIZED 2 car garage, EV charging outlet, and in-unit washer/dryer. This model comes with more storage than other models and has window coverings installed, upgraded luxury vinyl flooring THROUGHOUT, quartz countertop, 5 burner GAS stove, and shaker cabinets. ZERO CARPET. The community has a low HOA, guest parking and amenities to enjoy. Amenities include security gates, fire pit lounge, outdoor bbq, half basketball court, playground, and dog park. Sellers will purchase a year HOME WARRANTY for the buyers.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2023
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $221.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 54% |
| Square foot | 1,320 | 1,142 | 81% |
| Lot Size | - | 41,144 | 8% |
| Price | $738.0K | $615.0K | 77% |
| Price per sq ft | $559 | $552 | 50% |
| Built year | 2023 | 1997 | 88% |
| HOA | $221.0 | $368 | 12% |
| Days on market | 51 | 181 | 4% |
Pricing History
Listed for Sale
Feb 18, 2026
$738,000
$748,000
-1% Price Drop
Initial Listing
Price Change
Feb 11, 2026
$748,000
$749,800
+0% Price Increase
Initial Listing
Price Change
Jan 15, 2026
$749,800
Initial Listing
Sold
Aug 30, 2023
$688,000
Public Record