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2512 N Tustin Avenue D, Santa Ana, California 92705, Santa Ana, 92705 - 4 bed, 3 bath

2512 N Tustin Avenue D, Santa Ana, California 92705 home-pic-0
ACTIVE$500,000
2512 N Tustin Avenue D, Santa Ana, California 92705
4Beds
3Baths
1,679Sqft
413,806Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Flexible Financing: Seller financing is available, offering a potentially easier path to homeownership for some buyers.
Top Cons:
Leased Land Structure: The property is on leased land with a substantial monthly payment ($1,182) and a lease term expiring in May 2049, significantly impacting long-term equity and ownership.

Compared to the nearby listings

Price:$500.0K vs avg $819.0K ($-318,990)14%
Size:1,679 sqft vs avg 1,882 sqft29%
Price/sqft:$298 vs avg $42514%

More Insights

Built in 1974 (51 years old).
Condition: The property was built in 1974, making it 50 years old. While the exterior appears well-maintained, there are no interior images, particularly of the kitchen and bathrooms, which are critical for a comprehensive assessment. Given the age, and without explicit mention of recent extensive renovations (within the last 15 years), it's highly probable that these key areas, along with other features like flooring and light fixtures, are either original or were updated 15-30 years ago. This would mean they are functional but likely outdated in style and features, requiring minor updates to meet current standards. The presence of central air is a positive, indicating a functional major system. Overall, the property fits the 'Fair' category: aged but maintained through regular upkeep, with major components functional but showing signs of being outdated.
Year Built
1974
Close
-
List price
$500K
Original List price
$500K
Price/Sqft
$298
HOA
$550
Days on market
-
Sold On
-
MLS number
PW25114074
Home ConditionFair
Features
Patio
View-

About this home

SELLER FINANCING AVAILABLE! Welcome to Shady Hollow – Gated Living with Style and Space! This desirable 4-bedroom, 2.5-bath two-story townhome is located in the beautiful, gated Shady Hollow Townhome community on the border of Orange and Tustin, within the Orange Unified School District. Featuring an open layout with cathedral ceilings, central air, and abundant natural light, this home offers comfort and charm throughout. Step into the spacious dining area with high ceilings, leading to a large back patio that opens directly to a lush greenbelt – ideal for entertaining friends and family. The primary suite is spacious and has high ceilings, a fireplace, and a generous walk-in closet. Additional highlights include: Private front patio entry, Attached 2-car garage with extended driveway for ample parking, Washer/dryer hookups in garage, Community amenities: pool, spa, and clubhouse, and Convenient access to the 5, 22, and 55 freeways. **Please note: This home is on leased land with a monthly lease payment of $1,182, expiring May 2049. The HOA is $550/month and includes water and trash. Don’t miss this opportunity to own in a sought-after location with resort-style amenities and unbeatable access to all Orange County has to offer!

Nearby schools

4/10
Fairhaven Elementary School
Public,•K-6•0.8mi
3/10
Portola Middle School
Public,•6-8•2.2mi
4/10
Orange High School
Public,•9-12•1.8mi
Condition Rating
Fair
The property was built in 1974, making it 50 years old. While the exterior appears well-maintained, there are no interior images, particularly of the kitchen and bathrooms, which are critical for a comprehensive assessment. Given the age, and without explicit mention of recent extensive renovations (within the last 15 years), it's highly probable that these key areas, along with other features like flooring and light fixtures, are either original or were updated 15-30 years ago. This would mean they are functional but likely outdated in style and features, requiring minor updates to meet current standards. The presence of central air is a positive, indicating a functional major system. Overall, the property fits the 'Fair' category: aged but maintained through regular upkeep, with major components functional but showing signs of being outdated.
Pros & Cons

Pros

Flexible Financing: Seller financing is available, offering a potentially easier path to homeownership for some buyers.
Prime Location & Gated Community: Situated in a desirable gated community on the border of Orange and Tustin, offering excellent freeway access (5, 22, 55) and enhanced security.
Resort-Style Amenities: Residents benefit from community amenities including a pool, spa, and clubhouse, providing a resort-like living experience.
Spacious & Modern Interior: Features a 4-bedroom, 2.5-bath layout with 1679 sqft, open floor plan, cathedral ceilings, central air, and a luxurious primary suite with a fireplace.
Outdoor Living & Parking: Includes a large back patio with greenbelt access, a private front patio, and an attached 2-car garage with an extended driveway for ample parking.

Cons

Leased Land Structure: The property is on leased land with a substantial monthly payment ($1,182) and a lease term expiring in May 2049, significantly impacting long-term equity and ownership.
High Recurring Monthly Costs: The combined monthly land lease ($1,182) and HOA fee ($550) total $1,732, representing a significant fixed expense in addition to mortgage and property taxes.
Limited Lease Term Remaining: With only approximately 25 years left on the land lease, securing traditional financing may be challenging, and the property's value could depreciate as the lease expiration approaches.

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