262 N Cambridge Street, Orange, California 92866, Orange, 92866 - 3 bed, 2 bath
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Orange, California 92866
This Turnkey Colonial-Style Residence is listed at $1,495,000, positioned as a premium lifestyle offering relative to its $1,310,386 Fair Market Value. Boasting an Excellent Condition Rating after extensive renovations, the property features a main home and a stylish back unit finished with hardwood floors and quartz countertops. The significant Mills Act Tax Savings and expansive 7,290 sqft lot provide long-term financial and spatial advantages within the Orange Unified School District. This historic sanctuary is a premier match for Owner-Occupants or multi-generational families seeking a walkable, sophisticated lifestyle in Old Town Orange.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 262 N Cambridge Street Subject | $1,395,000* List Price | 3 | 2 | 1,300 | $933 | - |
A 255 N Waverly Street Sold | $1,270,000 | 3 | 2 | 1,668 | $761 | 0.1 mi |
B 1201 E Fairway Sold | $1,295,000 | 3 | 2 | 1,534 | $844 | 0.9 mi |
C 1124 E Maplewood Place Sold | $1,400,000 | 3 | 3 | 1,758 | $796 | 0.2 mi |
D 313 313 E Palmyra Sold | $1,460,000 | 3 | 3 | 1,228 | $1,189 | 0.6 mi |
E 360 S Greengrove Drive Sold | $977,000 | 3 | 2 | 1,011 | $966 | 0.6 mi |
F 333 N Pine Sold | $1,040,000 | 2 | 1 | 894 | $1,163 | 0.1 mi |
G 1314 E Chapman Pending | $1,075,000 List Price | 4 | 1 | 1,339 | $803 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite its 1921 construction, the property has been extensively renovated within the last 5 years. The kitchen is fully modernized with white shaker cabinets, quartz countertops, subway tile backsplashes, and high-end stainless steel appliances. The interior features pristine hardwood flooring throughout, updated recessed lighting, and modern HVAC systems, showing no signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7290, living area = 1300.
The property is enrolled in the Mills Act, providing the owner with substantial property tax reductions, which is a significant financial incentive for a historic home in this price bracket.
With both a main front unit and a stylish back unit on an expansive lot, the property offers excellent flexibility for rental income, multi-generational living, or a private home office setup.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1300, other record living area = 976. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Totaling only 1,300 square feet across two separate units, the interior living spaces may feel constrained and offer limited room for larger families or bulky furniture.
Due to its historic status and 1921 construction, any future exterior renovations or expansions are subject to strict local preservation guidelines, which can increase costs and limit design flexibility.
Experience the quintessential charm of Old Town Orange at 262 North Cambridge. This stunning Colonial-style residence sits on an expansive 7,290 sqft lot and offers a rare combination of historic character and modern versatility. Totaling 1,376 sqft of living space, the property features a meticulously maintained front unit and a stylish back unit. The interiors are finished with elegant hardwood floors and sleek quartz countertops, complemented by professional landscaping that creates a private, serene oasis. A standout benefit of this home is its status under the Mills Act, providing significant property tax savings for the buyer. This is a premier opportunity to own a piece of history in a vibrant, walkable neighborhood. Please note, this sale is part of a 1031 exchange at no cost to the buyer. As the final property in the exchange, the seller is prepared for a standard closing timeframe.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,300 | 1,648 | 33% |
| Lot Size | 7,290 | 7,101 | 63% |
| Price | $1.40M | $1.27M | 63% |
| Price per sq ft | $1.1K | $796 | 85% |
| Built year | 1921 | 1955 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 175 | 11% |
Apr 20, 2026
$1,395,000
$1,495,000
-7% Price Drop
Initial Listing
Mar 30, 2026
$1,495,000
Initial Listing
Jun 9, 2016
$800,000
Public Record
Sep 14, 2007
$749,500
Public Record
Jun 26, 2001
$258,000
Public Record
Mar 26, 1998
$167,500
Public Record