225 N Malena Drive, Orange, California 92869, Orange, 92869 - 4 bed, 2 bath
ACTIVE$1,180,000
225 N Malena Drive, Orange, California 92869
4Beds
2Baths
1,732Sqft
7,000Lot
Price Vs. Estimate
The estimated value ($763,526.465) is $416,473.535 (35%) lower than the list price ($1,180,000). This property may be overpriced.
Key pros and cons
Top Pros:
Expanded Bedroom Count: The property has been converted from 4 to 5 bedrooms, offering enhanced living space and versatility for larger families or those needing extra rooms.
Top Cons:
Sold As Is Condition: The property is being sold 'as is,' implying potential for significant deferred maintenance, necessary repairs, or upgrades at the buyer's expense.
Compared to the nearby listings
Price:$1.18M vs avg $1.31M ($-135,000)25%
Size:1,732 sqft vs avg 2,177 sqft22%
Price/sqft:$681 vs avg $64461%
More Insights
Built in 1962 (63 years old).
Condition: Built in 1962, this property is over 60 years old and is explicitly listed as 'Sold as is,' indicating significant deferred maintenance and necessary repairs. The exterior appears dated with minimal landscaping upkeep, and the description notes a 'lack of modern updates.' Without interior images, particularly for the kitchen and bathrooms, it's highly probable these key areas are original or very outdated, requiring substantial renovation and rehabilitation to meet current standards and comfort.
Year Built
1962
Close
-
List price
$1.18M
Original List price
$1.18M
Price/Sqft
$681
HOA
-
Days on market
-
Sold On
-
MLS number
PW25147673
Home ConditionPoor
Features
View-
About this home
Great Opportunity!!!!! This property originally was 4 bedrooms and 2 Bathrooms, but property has 1 bedroom more now 5 Bedrooms total, Excellent for first time home buyer property Sold as is
Condition Rating
Poor
Built in 1962, this property is over 60 years old and is explicitly listed as 'Sold as is,' indicating significant deferred maintenance and necessary repairs. The exterior appears dated with minimal landscaping upkeep, and the description notes a 'lack of modern updates.' Without interior images, particularly for the kitchen and bathrooms, it's highly probable these key areas are original or very outdated, requiring substantial renovation and rehabilitation to meet current standards and comfort.
Pros & Cons
Pros
Expanded Bedroom Count: The property has been converted from 4 to 5 bedrooms, offering enhanced living space and versatility for larger families or those needing extra rooms.
Generous Lot Size: A 7,000 sqft lot provides ample outdoor space for landscaping, recreation, or potential future expansion, a desirable feature in urban areas.
Desirable Orange Location: Situated in Orange, California, the property benefits from a sought-after address within a reputable school district (Orange Unified) and proximity to local amenities.
First-Time Homebuyer Potential: The listing explicitly positions it as an 'Excellent opportunity for first-time home buyers,' suggesting a potential entry-level price point for the area.
Active Listing Status: The property is currently active on the market, indicating immediate availability for prospective buyers.
Cons
Sold As Is Condition: The property is being sold 'as is,' implying potential for significant deferred maintenance, necessary repairs, or upgrades at the buyer's expense.
Substantial Price Discrepancy: The listing price of $1.18M is considerably higher than the estimated property value of $763,526, indicating potential overpricing and possible challenges with appraisal and financing.
Age and Lack of Modern Updates: Built in 1962, the property is over 60 years old, and the description does not highlight any recent major renovations or modern amenities, suggesting potential for outdated systems and aesthetics.