2502 N Tustin C, Santa Ana, California 92705, Santa Ana, 92705 - 3 bed, 3 bath
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Santa Ana, California 92705
This Spacious Townhouse is a Strong Value Opportunity, listed at $335,000—positioned well below the $357,546 Fair Market Value by 6%. This valuation gap provides $22,546 in Instant Equity. Maintaining a Condition Rating of 3, the home features wood-look laminate flooring, stainless steel appliances, and a private deck. Located in a gated community with a pool and spa near Orange Unified schools, it balances lifestyle with affordability. This is an ideal opportunity for Owner-Occupants or first-time buyers seeking a move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2502 N Tustin C Subject | $335,000* List Price | 3 | 3 | 1,858 | $192 | - |
A 2618 N Tustin F/36 Sold | $291,000 | 3 | 2 | 1,455 | $200 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone several cosmetic updates that elevate it above a fair rating despite its 1975 build date. Key improvements include modern wood-look laminate flooring throughout, updated stainless steel kitchen appliances, a contemporary mosaic tile backsplash, and updated light fixtures. While some original elements remain, such as the ceramic tile countertops and older cabinetry, the home is well-maintained with no visible deferred maintenance.
Boasting 1,858 square feet, this unit features one of the largest floorplans in the community, including a versatile downstairs den and vaulted ceilings that create an open, airy atmosphere.
Ideally situated near the border of Orange, the property offers convenient access to Chapman University, Old Towne Orange, and major freeways, making it highly attractive for commuters and students.
Residents benefit from the security of a gated community along with premium amenities including a swimming pool, spa, clubhouse, and a private 2-car garage with direct access.
The property is situated on leased land expiring in 2049, which can complicate traditional financing options and may impact long-term equity growth compared to fee-simple ownership.
With a monthly HOA fee of $550 plus an additional $155 special assessment, the recurring non-mortgage expenses are significantly higher than average for the area.
LEASE LAND PRICE TO SELL!! THIS ONE WILL NOT LAST! 2-Story Townhouse style unit on LEASE LAND boasting 1858 square feet of interior living space with 3BR plus DEN, 2.5 Bathrooms, one of the largest floorplan in desirable Shady Hallow gated community. This unit offers: an open floorplan, living-room with vaulted ceilings, dual fireplace, spacious kitchen with ceramic tile countertop, breakfast bar, and dining area. Private backyard off the dining area. Upstairs offers: the master suite with private bath, two large bedrooms and common bathroom. Downstairs DEN ideal for guest bedroom, office/or multi use. Direct 2-car Garage with direct access. Washer/Dryer hookup in garage, Community amenities: swimming pool, spa, and clubhouse. Centrally located to freeway, public transportations, Border City of Orange, minutes from Chapman University, and Old Towne Orange Plaza Don't miss out on this outstanding value!!! NOTE: THIS UNIT IS SITUATED ON LEASED LAND SUBJECT TO LEASE LAND ARRANGEMENT OF 1920.17/MONTHLY, PLUS HOA IS 550.00 MONTHTLY AND A SPECIAL ASSESSMENT OF $155.00 MONTHLY FOR APPROX 7 YEARS
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,858 | 1,882 | 45% |
| Lot Size | 347,912 | - | 73% |
| Price | $335.0K | $800.0K | 18% |
| Price per sq ft | $180 | $398 | 9% |
| Built year | 1975 | 2007 | 45% |
| HOA | $550.0 | $476 | 73% |
| Days on market | 15 | 184 | 9% |
Apr 7, 2026
$335,000
Initial Listing