2302 Lori Lane, Santa Ana, California 92706, Santa Ana, 92706 - 5 bed, 3 bath
ACTIVE$1,099,900
2302 Lori Lane, Santa Ana, California 92706
5Beds
3Baths
2,000Sqft
7,200Lot
Price Vs. Estimate
The estimated value ($740,285.05) is $359,614.95 (32%) lower than the list price ($1,099,900). This property may be overpriced.
Key pros and cons
Top Pros:
Generous Living Space: With 5 bedrooms and 3 bathrooms across 2000 sqft, the property offers ample space, suitable for larger families or those requiring flexible living arrangements.
Top Cons:
As-Is Condition & Potential Renovation Needs: The property is being sold 'as-is' and was built in 1955, indicating a high likelihood of required repairs, updates, and deferred maintenance, which could lead to significant additional buyer investment.
Compared to the nearby listings
Price:$1.10M vs avg $1.20M ($-100,100)31%
Size:2,000 sqft vs avg 1,705 sqft77%
Price/sqft:$550 vs avg $6978%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955 and sold 'as-is' with 'tremendous potential,' this property requires substantial rehabilitation. The bathrooms are significantly outdated with green wall tiles and gold-framed shower doors, indicative of renovations 30-50 years ago. Flooring throughout consists of dated ceramic tiles, including a very specific patterned green tile in one bedroom, which also shows unfinished walls. While the kitchen has somewhat updated dark cabinets and light countertops, the appliances are basic, and the overall aesthetic is not modern. The property is functional but needs extensive updates to meet current living standards.
Year Built
1955
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$550
HOA
-
Days on market
-
Sold On
-
MLS number
DW25124209
Home ConditionPoor
Features
Pool
Patio
ViewNeighborhood
About this home
This 5 bedroom, 3 bath pool home has tremendous potential. The front yard is enclosed and has a tiled courtyard. The primary bedroom has a large walk in closet with plenty of storage and spacious attached bathroom. There is a covered patio, manicured back yard and refreshing pool perfect for entertaining. This is a great location conveniently situated near the 22, 5, and 57, freeways, located near top-rated dining, and shopping centers. Property is being sold “as-is”. Some photos have been virtually staged.
Condition Rating
Poor
Built in 1955 and sold 'as-is' with 'tremendous potential,' this property requires substantial rehabilitation. The bathrooms are significantly outdated with green wall tiles and gold-framed shower doors, indicative of renovations 30-50 years ago. Flooring throughout consists of dated ceramic tiles, including a very specific patterned green tile in one bedroom, which also shows unfinished walls. While the kitchen has somewhat updated dark cabinets and light countertops, the appliances are basic, and the overall aesthetic is not modern. The property is functional but needs extensive updates to meet current living standards.
Pros & Cons
Pros
Generous Living Space: With 5 bedrooms and 3 bathrooms across 2000 sqft, the property offers ample space, suitable for larger families or those requiring flexible living arrangements.
Excellent Outdoor Entertainment: The property boasts a refreshing pool, a covered patio, and a manicured backyard, creating an ideal setting for entertaining and outdoor relaxation.
Convenient Freeway Access: Strategically located near major freeways (22, 5, and 57), providing residents with easy and efficient commuting options.
Desirable Local Amenities: The home is situated close to top-rated dining and shopping centers, enhancing convenience and lifestyle appeal.
Well-Appointed Primary Suite: The primary bedroom features a large walk-in closet with abundant storage and a spacious attached bathroom, offering comfort and privacy.
Cons
As-Is Condition & Potential Renovation Needs: The property is being sold 'as-is' and was built in 1955, indicating a high likelihood of required repairs, updates, and deferred maintenance, which could lead to significant additional buyer investment.
Significantly Overpriced: The listing price of $1,099,900 is substantially higher than the estimated value of $740,285.05, suggesting the property may be considerably overvalued in the current market.
Virtually Staged Photos: The disclosure that some photos have been virtually staged may create unrealistic expectations for buyers regarding the property's actual interior condition and aesthetic appeal.