365 N Magnolia Street, Orange, California 92866, Orange, 92866 - 7 bed, 5 bath

365 N Magnolia Street, Orange, California 92866 home-pic-0
ACTIVE$1,950,000
365 N Magnolia Street, Orange, California 92866
7Beds
5Baths
3,926Sqft
7,954Lot
Year Built
1986
Close
-
List price
$1.95M
Original List price
$1.95M
Price/Sqft
$497
HOA
-
Days on market
-
Sold On
-
MLS number
PW24134478
Home ConditionGood
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 18% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.95M(95th), sqft - 3926(97th), beds - 7(97th), baths - 5(92th).

INCREDIBLY RARE OPPORTUNITY! This enormous 3900 sq ft, Old Towne Orange property is walking distance to the Plaza and Chapman University. This property was completely upgraded 11 years ago. The thoughtfully permitted renovations resulted in a 7-bedroom 5 bath home with an abundant amount of living space which promises to check off all the boxes. Beautiful countertops accentuate the large kitchen and island, complete with stainless steel appliances. The well-thought-out floor plan offers comfortable everyday living with fireplaces in the dining room and living room, and at the same time entertainment options galore while secluded bedrooms in different directions in the home leave plenty of space for everyone. No detail was left out. The master suite has a walk-in closet and private master bath with bay window. Down the hall are two large bedrooms which share a jack and jill bath with dual vanity sinks. The fourth bedroom is conveniently located next to the third downstairs bathroom. Upstairs are 3 additional large bedrooms and 2 additional bathrooms. Back downstairs, the showstopper is the large recreational room with slider door leading to a covered patio. Complete with an inside laundry room, plus rare 3 car garage in Old Towne Orange, this property offers a unique opportunity to own a 7 bedroom, 5 bath, 3900 sq ft home with 3 car garage walking distance to Chapman University.

Condition Rating
Good

This property was extensively renovated 11 years ago, which aligns with the 'Good' score criteria for renovations between 5 to 15 years. The images confirm a well-maintained interior with updated features, including a modern kitchen with granite countertops and stainless steel appliances, and updated bathrooms with tiled walk-in showers. Hardwood flooring is present throughout living areas and bedrooms, and recessed lighting adds to the contemporary feel. While the original build year is 1986, the significant renovation ensures the property is move-in ready with no immediate updates required.
Pros & Cons

Pros

Premium Location: Highly desirable Old Towne Orange location, walking distance to The Plaza and Chapman University, offering strong appeal and potential for various buyer profiles.
Generous Size & Layout: Expansive 3926 sq ft with 7 bedrooms and 5 bathrooms, providing abundant living space, a well-thought-out floor plan, and a large recreational room for diverse needs.
Extensive Renovations: The property underwent thoughtful, permitted renovations 11 years ago, ensuring modern functionality and updated aesthetics throughout.
Updated Kitchen: Features a large, modern kitchen with an island, beautiful countertops, and stainless steel appliances, catering to contemporary living standards.
Rare 3-Car Garage: A significant and highly sought-after amenity in the historic Old Towne Orange area, providing ample parking and storage.

Cons

Overpriced Relative to Market Value: The listing price of $1.95M is considerably higher than the estimated property value of $1.59M (-18% estimation ratio), which may impact marketability and buyer interest.
Dated Renovation Timeline: While upgraded, the 11-year-old renovation may not align with buyer expectations for brand-new finishes, potentially requiring future updates or cosmetic refreshes.
Unspecified Cooling System: The property description does not mention the presence of an air conditioning system, which could be a significant concern for comfort in Orange's warm climate.

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