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2514 N Tustin F(66), Santa Ana, California 92705, Santa Ana, 92705 - 3 bed, 3 bath

2514 N Tustin F(66), Santa Ana, California 92705 home-pic-0
ACTIVE$399,900$1,617/sqft
2514 N Tustin F(66), Santa Ana, California 92705
3Beds
3Baths
1,617Sqft
413,806Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Recent System Upgrades: The property has been completely re-piped and will soon have a new 200amp electrical panel installed, significantly reducing future maintenance concerns for major systems.
Top Cons:
Leased Land with Limited Term: The property is on leased land with the lease expiring in May 2049 (approximately 25 years remaining), which can significantly impact long-term appreciation, resale value, and financing options.

Compared to the nearby listings

Price:$399.9K vs avg $602.5K ($-202,600)19%
Size:1,617 sqft vs avg 1,323.5 sqft69%
Price/sqft:$247 vs avg $50523%

More Insights

Built in 1974 (52 years old).
Condition: Built in 1974, the property has received significant functional updates including fresh paint, new carpet, new faucets, complete re-piping, and an upcoming 200amp electrical panel upgrade. New kitchen appliances (range and microwave) are also a plus. However, the kitchen features dated wood cabinets, ceramic tile countertops, and an old-fashioned fluorescent light fixture. The master bathroom also shows signs of age with dated vanity, tile countertops, and a gold-framed shower enclosure. While move-in ready due to recent cosmetic and system improvements, the aesthetic of the kitchen and main bathrooms is significantly outdated, requiring minor updates to meet current styles.
Year Built
1974
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$247
HOA
$550
Days on market
-
Sold On
-
MLS number
PW25281914
Home ConditionFair
Features
Good View: Park/Greenbelt, Neighborhood
Patio
ViewPark/Greenbelt, Neighborhood

About this home

Great starter home in the Gated Community of Shady Hollow! This spectacular two-level home offers 3 bedrooms with 2.5 baths, cathedral ceilings, an open floor plan, central AC, fresh paint throughout, new faucets, completely re-piped and a new updated to 200amp electrical panel to be installed soon, a private front patio area and a generous sized back patio. The first floor includes a kitchen with ceramic countertops, a new gas range and microwave and a half-bath. Spacious dining area with cathedral wood ceilings with fans and direct access to the back patio. A spacious living room with a fireplace and access to the back patio. Direct access to a 2-car garage with washer/dryer hookups. The 2nd level offers a large master bedroom with its own fireplace, a walk-in closet, bathroom with sink cabinet outside. Off the hallway are two other bedrooms and a full bathroom and plenty of linen closet space. Close to the 55 and the 22FWY PLEASE NOTE: UNIT IS SITTING ON LEASED LAND THAT EXPIRES ON 5/2049. LEASE MONTHLY PAYMENT IS $1809, HOA IS $550/MONTH AND A SPECIAL ASSESSMENT OF $155/MONTH FOR SEVEN YEARS.

P
Patricia Beiza
Listing Agent

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

Price History

Date
Event
Price
07/14/08
Sold
$90,000
Condition Rating
Fair
Built in 1974, the property has received significant functional updates including fresh paint, new carpet, new faucets, complete re-piping, and an upcoming 200amp electrical panel upgrade. New kitchen appliances (range and microwave) are also a plus. However, the kitchen features dated wood cabinets, ceramic tile countertops, and an old-fashioned fluorescent light fixture. The master bathroom also shows signs of age with dated vanity, tile countertops, and a gold-framed shower enclosure. While move-in ready due to recent cosmetic and system improvements, the aesthetic of the kitchen and main bathrooms is significantly outdated, requiring minor updates to meet current styles.
Pros & Cons

Pros

Recent System Upgrades: The property has been completely re-piped and will soon have a new 200amp electrical panel installed, significantly reducing future maintenance concerns for major systems.
Desirable Community & Comfort Features: Located within the secure, gated Shady Hollow community, this home offers central AC for comfort and a convenient direct-access 2-car garage.
Spacious & Updated Interior: Featuring 3 bedrooms, 2.5 baths, 1617 sqft, an open floor plan with cathedral ceilings, fresh paint, new kitchen appliances, and two fireplaces, providing a comfortable and aesthetically pleasing living space.
Outdoor Living Space: The property includes both a private front patio area and a generous-sized back patio, offering ample space for outdoor relaxation and entertaining.
Convenient Location & Amenities: Strategically located close to the 55 and 22 freeways for easy commuting, with good school ratings nearby and pleasant park/neighborhood views.

Cons

Leased Land with Limited Term: The property is on leased land with the lease expiring in May 2049 (approximately 25 years remaining), which can significantly impact long-term appreciation, resale value, and financing options.
Extremely High Monthly Carrying Costs: The combined monthly payments for the land lease ($1809), HOA ($550), and special assessment ($155) total $2514, making the property very expensive to own before factoring in a mortgage, property taxes, and insurance.
Ongoing Special Assessment: An additional special assessment of $155 per month for seven years adds a substantial temporary burden to the already high monthly expenses.
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