310 N Waverly, Orange, California 92866, Orange, 92866 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$739,900$824/sqft
Est. Value: $843,367
13%
BelowEstimate
310 N Waverly, Orange, California 92866
2Beds
1Bath
824Sqft
6,075Lot
Price Vs. Estimate
The estimated value ($843,367.405) is $103,467.405 (13%) higher than the list price ($739,900). This property may be underpriced.
Key pros and cons
Top Pros:
Exceptional Location: The property is ideally situated just a few short blocks from Chapman University and The Circle of Orange, offering high desirability for students, faculty, or those seeking a vibrant downtown lifestyle.
Top Cons:
Extensive Renovation Required: The property is in poor condition, requiring significant and extensive repairs beyond cosmetic updates, necessitating a substantial financial and time investment from the buyer.
Compared to the nearby listings
Price:$739.9K vs avg $1.23M ($-485,100)6%
Size:824 sqft vs avg 1,554 sqft9%
Price/sqft:$898 vs avg $87458%
More Insights
Built in 1923 (103 years old).
Condition: Built in 1923, this property is over 100 years old. The listing explicitly states it 'needs work and plenty of it' and 'repairs required are extensive,' noting it 'will not qualify for conventional financing' due to its condition. The images confirm this, showing an extremely outdated and dirty kitchen and bathroom with very old fixtures, worn flooring, and peeling paint throughout the interior. This indicates substantial repairs and rehabilitation are required, aligning with the 'poor' condition criteria.
Year Built
1923
Close
-
List price
$740K
Original List price
$740K
Price/Sqft
$898
HOA
-
Days on market
-
Sold On
-
MLS number
NP26002915
Home ConditionPoor
Features
View-
About this home
This adorable 1923 vintage Cottage is located just a few short blocks from Chapman University and The Circle of Orange. This Cottage offers a DETACHED 2 CAR GARAGE with an attached work room. Featuring 2 bedrooms and 1 bathroom in a spacious 824 square feet of living space all sitting on an ample 6,075 square foot lot. The Seller believes this to be a Lynn Valentine home, but we have no documentation to support this. Located on a nice interior street that does not side or back. Heads up, this beauty needs work and plenty of it! Due to the condition the property will not qualify for conventional financing. This will need more than a tool box and a bucket of paint as the repairs required are extensive.
R
Robert Koop Jr
Listing Agent
Condition Rating
Poor
Built in 1923, this property is over 100 years old. The listing explicitly states it 'needs work and plenty of it' and 'repairs required are extensive,' noting it 'will not qualify for conventional financing' due to its condition. The images confirm this, showing an extremely outdated and dirty kitchen and bathroom with very old fixtures, worn flooring, and peeling paint throughout the interior. This indicates substantial repairs and rehabilitation are required, aligning with the 'poor' condition criteria.
Pros & Cons
Pros
Exceptional Location: The property is ideally situated just a few short blocks from Chapman University and The Circle of Orange, offering high desirability for students, faculty, or those seeking a vibrant downtown lifestyle.
Generous Lot Size: An ample 6,075 square foot lot provides significant outdoor space, offering potential for landscaping, expansion, or creating a private outdoor oasis.
Detached 2-Car Garage with Workshop: A valuable amenity, the detached 2-car garage with an attached workroom provides excellent utility for parking, storage, hobbies, or potential for an Accessory Dwelling Unit (ADU) conversion.
Vintage Charm & Character: As an adorable 1923 vintage cottage, the property possesses unique architectural appeal and the potential for restoration to a charming, historic home.
Quiet Interior Street: Located on a nice interior street that does not side or back, enhancing peace, privacy, and a desirable residential setting.
Cons
Extensive Renovation Required: The property is in poor condition, requiring significant and extensive repairs beyond cosmetic updates, necessitating a substantial financial and time investment from the buyer.
Limited Financing Options: Due to its condition, the property will not qualify for conventional financing, severely restricting the buyer pool to cash buyers or those with specialized renovation loans.
Compact Living Area: With only 824 square feet of living space, the interior is relatively small, which may not meet the needs of all potential buyers, particularly families or those desiring more spacious accommodations.