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

255 N Waverly Street
Orange, California 92866
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 255 N Waverly Street Subject | $1,270,000* List Price | 3 | 2 | 1,668 | $801 | - |
A 1314 E Hickory Sold | $1,395,000 | 3 | 2 | 2,000 | $698 | 0.3 mi |
B 280 N Cleveland Street Sold | $1,475,000 | 4 | 2 | 1,675 | $881 | 0.3 mi |
C 906 E Chalynn Avenue Sold | $1,280,000 | 3 | 2 | 1,648 | $777 | 0.7 mi |
D 187 S Shattuck Place Sold | $1,500,000 | 3 | 2 | 1,554 | $965 | 0.5 mi |
E 158 N Maplewood Street Sold | $1,380,000 | 3 | 2 | 1,716 | $804 | 0.1 mi |
F 360 S Greengrove Drive Sold | $977,000 | 3 | 2 | 1,011 | $966 | 0.6 mi |
G 1124 E Maplewood Place Pending | $1,400,000 List Price | 3 | 3 | 1,758 | $796 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,668 | 1,556 | 58% |
| Lot Size | 6,774 | 6,762 | 50% |
| Price | $1.27M | $1.24M | 54% |
| Price per sq ft | $761 | $839 | 35% |
| Built year | 1976 | 1954 | 85% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 172 | 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
































































