16402 S Casa Rey, Santa Ana, California 92704, Santa Ana, 92704 - 3 bed, 3 bath
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16402 S Casa Rey
Santa Ana, California 92704
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,387Sq Ft
32,455Lot Size
Property Price
LIST PRICE$659,982
EST. MARKET VALUE
$717,383
8% BelowMARKET VALUE
SUMMARY
This Turnkey Townhouse is a Strong Value Opportunity, listed at $659,982—positioned well below the $717,384 Fair Market Value by 8%. This valuation gap offers $57,402 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers a move-in-ready aesthetic with brand-new appliances and vaulted ceilings. Its strategic location near South Coast Plaza and major freeways ensures high demand. This is an ideal acquisition for first-time buyers or Owner-Occupants seeking a stylish, low-maintenance residence.
Estimated Market Value
$717,383+$57,401 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property is well-maintained and move-in ready following a recent cosmetic refresh. It features brand-new appliances, new carpet, and laminate flooring. While the 1980 build date and certain elements like the tile countertops and older thermostat suggest some aged systems, the overall condition is functional and updated enough for immediate occupancy.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Interior Updates
The property features brand-new appliances, fresh carpet, and laminate flooring, offering a modern, move-in-ready aesthetic that appeals to today's buyers.
- Strategic Location
Ideally situated near South Coast Plaza, Mile Square Park, and major freeways (405 and 22), providing exceptional convenience for commuting, shopping, and recreation.
- Spacious Architectural Design
The interior boasts soaring vaulted ceilings and oversized bedrooms, creating an open and airy feel that maximizes the functional living space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =32455, other record lot size in square feet = 32822.
- School District Perception
The property is located within the Santa Ana Unified School District, which may be viewed as less competitive by buyers specifically seeking top-tier school ratings found in neighboring cities.
- Building Age
Built in 1980, the structure and its original systems may require more ongoing maintenance or future capital improvements compared to newer residential developments.
About 16402 S Casa Rey
Welcome to Casa Rey Drive! Discover this beautifully updated 3-bedroom, 2.5-bathroom townhome located on the west side of Santa Ana. Thoughtfully refreshed with stylish finishes, this inviting home features brand-new appliances, new carpet and laminate flooring, oversized bedrooms, soaring vaulted ceilings, a private outdoor patio, and a spacious two-car garage. Enjoy a convenient location just minutes from South Coast Plaza, IKEA, Centennial Park, Miles Square Golf Course, and Miles Square Park, with easy access to the 405 and 22 freeways. This is an exceptional opportunity for buyers looking to enjoy the comfort, style, and convenience of homeownership. Don't just take our word for it—come experience all that Casa Rey Drive has to offer. Your next home is waiting for you!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1980
- Lot Size
- 32,455 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $250.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.8 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,387 | 1,279.235 |
| Lot Size | 32,455 | 96,020.176 |
| Price | $660.0K | $723.7K |
| Price per sq ft | $476 | $586 |
| Built year | 1980 | 1988 |
| HOA | $250.0 | $391 |
| Days on market | 2 | 57 |
Pricing History
Listed for Sale
Oct 23, 2026
$659,982
Initial Listing
Sold
Nov 25, 1998
$115,000
Public Record
Sold
Aug 21, 1996
$128,000
Public Record