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

365 N Magnolia Street, Orange, California 92866 home-pic-0
ACTIVE$1,950,000
365 N Magnolia Street, Orange, California 92866
0Bed
0Bath
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
PW24134541
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 - undefined(3th), baths - undefined(3th).

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

The property, built in 1986, underwent a complete and permitted renovation 11 years ago (around 2013). This extensive upgrade places it firmly within the 'Good' category's renovation timeframe (5 to 15 years). The kitchen features well-maintained dark wood shaker cabinets, granite countertops, and stainless steel appliances, while bathrooms boast matching vanities and granite. Flooring is a mix of hardwood and tile, all in good condition. The overall condition is move-in ready with no immediate renovations required, and systems appear well-maintained, showing minimal wear and tear consistent with a significant renovation from a decade ago.
Pros & Cons

Pros

Exceptional Location: The property boasts a prime location in Old Towne Orange, within walking distance to the historic Plaza and Chapman University, offering high desirability and convenience.
Spacious & Versatile Layout: With 7 bedrooms, 5 baths, and 3900 sq ft of living space, including a large recreational room, the property offers abundant room for large families, multi-generational living, or potential student housing.
Recent Permitted Renovations: The home underwent a complete and thoughtfully permitted upgrade 11 years ago, ensuring modern amenities and reduced immediate maintenance concerns.
Modern & Functional Kitchen: The large kitchen features beautiful countertops, a central island, and stainless steel appliances, catering to contemporary living and entertaining needs.
Rare 3-Car Garage: The inclusion of a 3-car garage is a significant and uncommon advantage in Old Towne Orange, providing ample parking and storage in an area where such amenities are often limited.

Cons

Significant Price Discrepancy: The listing price of $1.95M is considerably higher than the estimated property value of $1.58M, which may present a challenge in attracting offers at the current asking price.
Niche Market Appeal: The extensive 7-bedroom layout, while spacious, may appeal to a more specific buyer demographic (e.g., very large families, multi-generational households, or investors targeting student rentals), potentially narrowing the pool of interested parties.
Aging Upgrades: While completely upgraded 11 years ago, some elements of the renovation may no longer be considered cutting-edge or brand new, potentially requiring further cosmetic updates for buyers seeking the absolute latest finishes.

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