255 N Waverly Street, Orange, California 92866, Orange, 92866 - 3 bed, 2 bath

255 N Waverly Street, Orange, California 92866 home-pic-0

255 N Waverly Street

Orange, California 92866

ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,668Sq Ft
6,774Lot Size

Property Price

LIST PRICE$1,270,000
EST. MARKET VALUE
$1,335,648
4% BelowMARKET VALUE

SUMMARY

Analysis of 255 N Waverly Street, Orange, California 92866 reveals a Prime Investment Opportunity with a current list price of $1,270,000—significantly undercutting the $1,335,648 Fair Market Value by 4%. This valuation gap indicates a +$65,648 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Orange Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,335,648 +$65,648 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Orange.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
255 N Waverly Street
Subject
$1,270,000*
List Price
321,668$801-
A
1314 E Hickory
Sold
$1,395,000322,000$6980.3 mi
B
280 N Cleveland Street
Sold
$1,475,000421,675$8810.3 mi
C
906 E Chalynn Avenue
Sold
$1,280,000321,648$7770.7 mi
D
187 S Shattuck Place
Sold
$1,500,000321,554$9650.5 mi
E
158 N Maplewood Street
Sold
$1,380,000321,716$8040.1 mi
F
360 S Greengrove Drive
Sold
$977,000321,011$9660.6 mi
G
1124 E Maplewood Place
Pending
$1,400,000
List Price
331,758$7960.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property has undergone an extensive recent renovation that includes a fully remodeled kitchen with quartz countertops and new appliances, as well as completely updated bathrooms with modern tile work, glass enclosures, and new vanities. With the addition of newer laminate flooring throughout and upgraded major systems including the HVAC and water heater, the home meets the criteria for excellent condition as a move-in-ready, modernized residence with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Modernized Interior & Systems

    The home features a fully remodeled kitchen and bathrooms with quartz countertops, complemented by essential infrastructure upgrades including a newer HVAC system and water heater for a move-in-ready experience.

  • Prime Old Towne Location

    Situated in a highly desirable neighborhood with no HOA and a low tax rate, the property offers exceptional proximity to Chapman University, the Orange Circle, and major local attractions.

  • Functional Outdoor Living

    The private backyard serves as a retreat with a covered patio and mature fruit trees, including lemon, tangerine, and avocado, perfect for Southern California's indoor-outdoor lifestyle.

CONSRISKS & DEFICIENCIES

  • 1970s Architectural Constraints

    Built in 1976, the home may lack the high ceilings and expansive open-volume architecture characteristic of more modern luxury constructions.

  • Standard Neighborhood View

    The property offers a standard neighborhood view, which may provide less seclusion or visual interest compared to properties with elevated or panoramic vistas.

About 255 N Waverly Street

Welcome to 255 N Waverly Street, ideally located in one of Orange’s most desirable neighborhoods. This beautifully updated single-story home offers 3 bedrooms, 2 bathrooms, and 1,668 square feet of thoughtfully designed living space on a generous 6,774 square foot lot. Built in 1976 and well maintained, the home blends comfort and modern upgrades with timeless appeal. Laminate flooring flows throughout the main living areas and bedrooms, complemented by tile flooring in the entry and bathrooms. The remodeled kitchen showcases quartz countertops, tile backsplash, new dishwasher, updated cabinetry, breakfast bar, and opens seamlessly to the dining area and living room, creating an inviting space ideal for both everyday living and entertaining. A separate family room with its cozy fireplace and slider to the back patio provides additional flexibility for gathering, relaxing, or creating a home office or play space. The primary suite is a true retreat, featuring a walk-in closet, sliding door leading to the backyard patio, a dual-sink vanity with quartz countertops, and a spacious walk-in shower with glass enclosure and tiled walls. The guest bathroom with a tub/shower combo has been tastefully updated with tile flooring, tiled bath walls, newer vanity with quartz countertop, and sleek glass tub enclosure offering a clean finish. Major improvements include newer HVAC and a newer water heater, offering peace of mind and efficiency. The backyard is a private retreat, complete with a covered patio and lemon, tangerine, and avocado trees, perfect for outdoor dining and Southern California living. With no HOA and a low tax rate, this home enjoys close proximity to the charm and dining of Old Towne Orange and the iconic Orange Circle. Convenient access to Chapman University, Orange Unified School District schools, and major attractions including Disneyland, Angel Stadium, Honda Center, and OC Vibe. An exceptional opportunity to own a move-in ready home in a prime Orange location.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1976
Lot Size
6,774 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,6681,556
58%
Lot Size6,7746,762
50%
Price$1.27M$1.24M
54%
Price per sq ft$761$839
35%
Built year19761954
85%
HOA$0$0
50%
Days on market5172
4%

Pricing History

Listed for Sale

Mar 2, 2026

$1,270,000

Initial Listing

Sold

May 19, 2017

$765,000

Public Record

Sold

Jan 27, 2017

$620,000

Public Record

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