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236 S Shaffer Street, Orange, California 92866, Orange, 92866 - 6 bed, 5 bath

236 S Shaffer Street, Orange, California 92866 home-pic-0
ACTIVE$1,998,000
236 S Shaffer Street, Orange, California 92866
6Beds
5Baths
4,000Sqft
6,464Lot
Year Built
1928
Close
-
List price
$2M
Original List price
$2.2M
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
OC25055233
Home ConditionGood
Features
Deck
View-

About this home

Fairly Priced:The estimated price is in line with the list price. We found 3 Cons,5 Pros. Rank: price - $2.00M(95th), sqft - 4000(97th), beds - 6(95th), baths - 5(92th).

This exceptional property offers a rare opportunity to own two homes on a spacious corner lot in a highly sought-after location. Just a short walk from the vibrant Orange Circle, this property combines convenience and comfort. This remarkable property offers one of the largest 2-on-a-lot homes in old town. Front House: This charming 4-bedroom home includes a dedicated office space and the flexibility to add an additional room to suit your needs. Back House: A beautifully spacious 2-bedroom, 2-bathroom home with a private deck, perfect for outdoor relaxation. Both homes feature their own private 2-car garages, as well as additional parking space, providing plenty of room for vehicles and guests. Whether you’re looking for multi-generational living, rental potential, or a unique investment opportunity, this property checks all the boxes!

Price History

Date
Event
Price
08/15/25
Price Change
$1,998,000
03/12/25
Listing
$2,200,000
Condition Rating
Good
Despite being built in 1928, this property has undergone extensive and tasteful renovations, making it move-in ready. The kitchens feature updated white cabinetry, modern appliances (including stainless steel), and clean countertops. Bathrooms are also updated with contemporary vanities, fixtures, and tiling. Hardwood floors are well-maintained throughout, and light fixtures are modern. The overall condition shows minimal wear and tear, indicating a well-maintained property with functional systems, aligning perfectly with the 'Good' condition criteria for a home of its age.
Pros & Cons

Pros

Unique Multi-Unit Opportunity: Rare offering of two distinct homes on a single spacious corner lot, ideal for multi-generational living, rental income, or a versatile investment.
Prime Old Towne Orange Location: Situated in a highly sought-after area, just a short walk from the vibrant Orange Circle, offering convenience and desirability.
Generous Living Space & Lot Size: Boasts a substantial 4000 sqft across both residences on a 6464 sqft corner lot, noted as one of the largest 2-on-a-lot properties in Old Town.
Ample Private Parking: Each home features its own private 2-car garage, plus additional parking space, providing significant convenience for residents and guests.
Versatile Investment Potential: The property's configuration caters to diverse buyer needs, including multi-generational families, investors seeking rental income, or those looking for a unique asset.

Cons

Age of Property: Built in 1928, the property may require updates to systems (e.g., plumbing, electrical, HVAC) or ongoing maintenance typical of older homes, which are not specified as recently completed.
Recent Price Reduction: The significant price drop from $2.2M to $1.998M could indicate initial overpricing or market resistance, potentially raising questions for prospective buyers.
Lack of Modern Amenity Detail: While described as charming and spacious, the listing does not highlight specific modern upgrades or renovations to kitchens, bathrooms, or major systems, which may be expected at this price point for a home of its age.

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