
Orange, California 92866
This Turnkey Craftsman Bungalow is a High-Potential Investment Opportunity, listed at $1,160,000—positioned above the $1,048,355 Fair Market Value. While priced at a premium, the property features a Condition Rating of 2, boasting a fully updated kitchen, HVAC, and a finished garage. As a Mills Act designated property, it offers significant long-term tax advantages. Its prime location near the Orange Circle and Chapman University ensures lasting demand. This unique, move-in ready home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking historic charm with modern efficiency.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 345 N Harwood Subject | $1,160,000* List Price | 2 | 1 | 902 | $1,162 | - |
A 333 N Pine Sold | $1,040,000 | 2 | 1 | 894 | $1,163 | 0.1 mi |
B 447 S Shaffer Street Sold | $970,000 | 2 | 2 | 858 | $1,131 | 0.8 mi |
C 360 S Greengrove Drive Sold | $977,000 | 3 | 2 | 1,011 | $966 | 0.8 mi |
D 1612 E Palmyra Active | $1,149,999 List Price | 3 | 2 | 1,233 | $933 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1920, this historic property has undergone a comprehensive modern renovation within the last 5 years. It features a fully updated kitchen with stainless steel appliances, updated HVAC systems, recessed lighting, and a finished garage with epoxy flooring. The interior and exterior are in mint condition, making it a turn-key, move-in ready home.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7155, living area = 902.
As a designated Mills Act property, this home offers significant property tax savings for the owner, providing a substantial financial incentive for preserving its historic character.
Located in the heart of Old Towne Orange, the property boasts exceptional walkability to the Orange Circle, Chapman University, and local dining, offering a highly sought-after lifestyle.
With only 902 square feet of living space and a single bathroom, the home's small footprint may limit its appeal to larger families or buyers seeking more functional interior volume.
The list price of $1.16M places the property at a premium price-per-square-foot, which may be a hurdle for appraisal valuations or buyers comparing it to larger homes in the same price bracket.
Welcome to this charming historic Craftsman bungalow in the heart of Old Towne Orange. Rich in character and thoughtfully updated for modern living, this special home offers the perfect blend of timeless architecture, comfort, and an unbeatable location. From the inviting front porch and classic curb appeal to the spacious backyard retreat, every space has been designed to be enjoyed. The oversized lot features mature fruit trees, generous outdoor entertaining areas, and a covered pergola that creates the perfect setting for dining al fresco, weekend gatherings, or simply relaxing at the end of the day. The detached garage has also been updated with a finished interior and fresh epoxy flooring, creating a versatile space for parking, hobbies, storage, or a workshop. Inside, the home showcases the warmth and craftsmanship that make historic properties so desirable. The thoughtfully updated kitchen features stainless steel appliances and timeless finishes, while spacious bedrooms, updated heating and air conditioning, and carefully maintained details provide comfort without sacrificing character. The remodeled primary closet offers custom built-in storage and organization, blending functionality with thoughtful design. Located just minutes from the historic Orange Circle, you'll enjoy walking distance access to renowned dining, shopping, community events, and Chapman University. Whether strolling through the neighborhood, meeting friends for coffee, or attending the annual Orange International Street Fair, this location offers a true Old Towne lifestyle. As a designated Mills Act property preserving its historic significance. Rarely does a home combine such character, charm, outdoor space, and walkable convenience in one of Orange County's most treasured historic neighborhoods. This is a unique opportunity to own a piece of Old Towne Orange history.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 23% |
| Baths | 1.0 | 2.0 | 18% |
| Square foot | 902 | 1,665.5 | 23% |
| Lot Size | 7,155 | 7,128 | 50% |
| Price | $1.16M | $1.25M | 36% |
| Price per sq ft | $1.3K | $807 | 95% |
| Built year | 1920 | 1956 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 149 | 9% |
Jun 4, 2026
$1,160,000
Initial Listing
Jun 15, 2020
$711,500
Public Record
Mar 11, 2015
$550,000
Public Record
Jul 9, 2002
$225,000
Public Record