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2624 N Tustin Avenue D (141), Santa Ana, California 92705, Santa Ana, 92705 - 3 bed, 3 bath

2624 N Tustin Avenue D (141), Santa Ana, California 92705 home-pic-0
ACTIVE$399,900$1,617/sqft
2624 N Tustin Avenue D (141), Santa Ana, California 92705
3Beds
3Baths
1,617Sqft
347,912Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Extensive Recent Upgrades: The home boasts fresh paint, new faucets, complete re-piping, and an upcoming 200 amp electrical panel upgrade, indicating significant recent investment and reducing immediate maintenance concerns for a new owner.
Top Cons:
Leased Land with Limited Term: The property is situated on leased land with the lease expiring in May 2049. This significantly impacts financing options, long-term appreciation potential, and future resale value due to the diminishing lease term.

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 1975 (51 years old).
Condition: The property, built in 1975, has received significant functional updates including complete re-piping and an upcoming 200 amp electrical panel upgrade, which are major positives for an older home. It also features fresh paint, new faucets, and new kitchen appliances (gas range and microwave). However, the kitchen's ceramic tile countertops, older cabinet style, and dated fluorescent lighting, along with the basic and stylistically outdated bathrooms (vanities, tile work), prevent it from reaching a 'Good' score. While move-in ready and well-maintained, the aesthetic elements in key areas show signs of being outdated and would likely require minor to moderate cosmetic updates for a modern appeal.
Year Built
1975
Close
-
List price
$400K
Original List price
$400K
Price/Sqft
$247
HOA
$550
Days on market
-
Sold On
-
MLS number
PW25281856
Home ConditionFair
Features
Good View: Park/Greenbelt
Patio
ViewPark/Greenbelt

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 200 amp electrical panel to be installed soon, a private front patio area and a generous sized back patio. The first floor includes a kitchen with a bay window, ceramic countertops, a new gas range and microwave and a half-bath. Spacious dining area with a bay window, 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 $1791, HOA IS $550/MONTH AND A SPECIAL ASSESSMENT OF $155/MONTH FOR SEVEN YEARS.

P
Patricia Beiza
Listing Agent
Condition Rating
Fair
The property, built in 1975, has received significant functional updates including complete re-piping and an upcoming 200 amp electrical panel upgrade, which are major positives for an older home. It also features fresh paint, new faucets, and new kitchen appliances (gas range and microwave). However, the kitchen's ceramic tile countertops, older cabinet style, and dated fluorescent lighting, along with the basic and stylistically outdated bathrooms (vanities, tile work), prevent it from reaching a 'Good' score. While move-in ready and well-maintained, the aesthetic elements in key areas show signs of being outdated and would likely require minor to moderate cosmetic updates for a modern appeal.
Pros & Cons

Pros

Extensive Recent Upgrades: The home boasts fresh paint, new faucets, complete re-piping, and an upcoming 200 amp electrical panel upgrade, indicating significant recent investment and reducing immediate maintenance concerns for a new owner.
Gated Community & Outdoor Living: Located within the secure Shady Hollow Gated Community, the property offers a private front patio and a generous sized back patio, providing desirable outdoor living and entertaining spaces.
Comfort & Architectural Features: Equipped with central AC, cathedral ceilings, and two fireplaces (one in the living room and one in the master bedroom), enhancing comfort and adding architectural appeal to the living environment.
Functional Layout & Direct Garage Access: Features an open floor plan with 3 bedrooms and 2.5 baths, complemented by direct access to a 2-car garage with washer/dryer hookups, offering practical living and convenience.
Convenient Freeway Access: The property's proximity to the 55 and 22 Freeways provides excellent accessibility, making commuting and regional travel highly convenient.

Cons

Leased Land with Limited Term: The property is situated on leased land with the lease expiring in May 2049. This significantly impacts financing options, long-term appreciation potential, and future resale value due to the diminishing lease term.
Exorbitant Monthly Fees: The combined monthly costs of the land lease ($1791), HOA ($550), and a special assessment ($155 for seven years) total $2496, which is exceptionally high and will severely limit affordability and the potential buyer pool.
Special Assessment Burden: An additional special assessment of $155 per month for seven years adds a substantial financial burden on top of already high monthly expenses, potentially indicating underlying community issues or significant upcoming repairs.
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