
Orange, California 92869
This Turnkey Condominium represents a Strong Value Opportunity, listed at $465,000—positioned well below the $514,248 Fair Market Value by 9%. This valuation gap offers $49,248 in Instant Equity for the buyer. Featuring a Good Condition Rating with extensive 2020 renovations, including a custom bathroom and energy-efficient upgrades, this streamside end-unit offers rare privacy and unobstructed lake views. It is an ideal acquisition for Owner-Occupants seeking a move-in ready sanctuary or first-time buyers prioritizing lifestyle and location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4900 E Chapman 48 Subject | $465,000* List Price | 1 | 1 | 863 | $596 | - |
A 5744 E Creekside 37 Sold | $510,000 | 1 | 1 | 768 | $664 | 0.6 mi |
B 5744 E Creekside 9 Sold | $499,000 | 1 | 1 | 768 | $650 | 0.6 mi |
C 4900 #77 E Chapman Pending | $464,999 List Price | 1 | 1 | 768 | $605 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a comprehensive renovation in May 2020 (approximately 6 years prior to the listing date), which includes a full bathroom remodel with custom finishes, new kitchen appliances, and significant system upgrades such as a new electrical panel and R-19 insulation. While the original structure dates to 1976, the 6-year-old renovation and updated systems place it within the 'Good' category (5-15 year renovation range) as a well-maintained, move-in ready unit.
As a streamside end-unit with no neighbors above or below and only one common wall, this property offers a rare level of privacy and tranquil forest-like views within a condo community.
The unit features high-end modern upgrades including a custom bathroom with a floating vanity, new kitchen appliances, upgraded electrical panel, and R-19 insulation for superior energy efficiency.
The property boasts 'best-in-complex' ingress and egress with a dedicated carport located mere steps from the front door and convenient access via a quiet side street.
At $547.24 per month, the association dues represent a significant recurring carrying cost that may impact the debt-to-income ratio for some buyers.
The 863-square-foot one-bedroom loft configuration may restrict the buyer pool to individuals or couples, offering limited flexibility for those needing a dedicated guest room or large home office.
Welcome to this one bedroom, one bath split-level loft condominium in the Orange Lakes community which immerses you in mature trees, forest-like views and a soothing stream only feet from your patio. This streamside "end-unit" benefits from only one common wall and no one above or below you. The unit is close to the pool/spa and tennis courts and the patio has direct unobstructed views of the main wildlife refuge lake. Adding to this unit's desirability and easy living feel, its dedicated covered carport is located mere steps from the front door providing the home with comparative "best-in-complex" ingress and egress to and from the unit. The condo is quickly and easily accessed from S Solana Drive, a quiet side street on the east side of the Orange Lakes instead of through the main driveway entrance. This unit had a full renovation in May 2020 including many upgrades: new kitchen appliances and stacking washer/dryer, upstairs loft area received a complete renovation of the upstairs bathroom including custom made shower control valves, custom handmade floating bathroom vanity, custom handmade double-wide barn-door leading into bathroom, and the bathroom mirror has built in lighting and heating so it won’t fog. All downstairs outlets and switches were upgraded, all lighting was replaced, original wood cabinetry was updated with new hardware, interior stairs were re-capped with solid oak treads leading to a luxury vinyl plank second floor. The entire second story was insulated with modern R-19 to maximize energy efficiency and reduce noise. The sewer was snaked clean from second story down to city main. All air vents were replaced, and a new modern electrical panel was installed. The patio storage shed was fully rebuilt and new floor-to-ceiling wood shelving installed. Added features and upgrades include a whole home 3 stage water filter installed in the utility cabinet outside, a Large Volume Ceiling fan installed on second floor (capable of moving 1300 cfm, remote control lets you adjust speed and direction of air), and also a remote controlled window blind above the rear patio sliding glass door. The Orange Lakes is close to Peters Canyon Regional Park, Irvine Park, walking and hiking trails, Irvine Lake and historic Old Towne Orange, with small town shopping and dining experiences. Don't miss out on the opportunity to enjoy life in this exceptionally located condominium in the Orange Lakes.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.3 |
| Baths | 1.0 | 2.3 |
| Square foot | 863 | 1,298.636 |
| Lot Size | 878 | 131,175.424 |
| Price | $465.0K | $713.2K |
| Price per sq ft | $539 | $575 |
| Built year | 1976 | 1991 |
| HOA | $547.24 | $412 |
| Days on market | 8 | 43 |
Sep 1, 2026
$465,000
Initial Listing
May 29, 2019
$320,000
Public Record
Mar 27, 2015
$250,000
Public Record
Sep 20, 2010
$161,000
Public Record
Feb 4, 2005
$260,000
Public Record
Jan 17, 2002
$154,000
Public Record