501 E Washington Avenue, Santa Ana, California 92701, Santa Ana, 92701 - 3 bed, 2 bath

501 E Washington Avenue, Santa Ana, California 92701 home-pic-0
ACTIVE$949,000
501 E Washington Avenue, Santa Ana, California 92701
3Beds
2Baths
1,428Sqft
6,098Lot

Price Vs. Estimate

The estimated value ($586,387.845) is $362,612.155 (38%) lower than the list price ($949,000). This property may be overpriced.

Key pros and cons

Top Pros:
Historic Designation & Mills Act Benefits: Registered as the historic Liggett-Wallace home in the French Park district, qualifying for significant Mills Act tax savings year after year.
Top Cons:
Aggressive Pricing Relative to Market: The list price of $949,000 for 1,428 sqft appears high when compared to recent sales of similar properties in the immediate area, potentially impacting market competitiveness.

Compared to the nearby listings

Price:$949.0K vs avg $906.2K (+$42,750)63%
Size:1,428 sqft vs avg 1,435.5 sqft46%
Price/sqft:$665 vs avg $61758%

More Insights

Built in 1921 (104 years old).
Condition: Despite being built in 1921, this property has undergone an extensive and recent renovation, making it virtually new inside. The description explicitly states 'newly updated kitchen' with 'brand-new island, cabinets, appliances, and recessed lighting,' and 'modernized bathrooms' with double sinks, a large tiled shower, and a stand-alone tub. The images confirm these areas feature contemporary styles and high-quality finishes. Furthermore, the home boasts new wood windows, SPC flooring, rewired electrical, and a brand-new HVAC system, indicating a comprehensive overhaul within the last 5 years. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1921
Close
-
List price
$949K
Original List price
$949K
Price/Sqft
$665
HOA
-
Days on market
-
Sold On
-
MLS number
PW25077595
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

This charming Craftsman-style single-story home is located in the historic French Park district of Santa Ana and is registered as the historic Liggett-Wallace home, qualifying for significant Mills Act tax savings year after year. The spacious front porch and large backyard are perfect for outdoor entertaining. Inside, the turnkey open-concept floor plan includes a cozy living room with a beautiful wood-burning brick fireplace. The newly updated kitchen and dining areas feature a brand-new island, cabinets, appliances, and recessed lighting throughout. The home has been fully upgraded with new wood windows, SPC flooring, rewired electrical, a brand-new HVAC system, and modernized bathrooms with double sinks, a large tiled shower, and a stand-alone tub. The three-bedroom layout includes a primary suite with an upgraded suite bath, a dedicated laundry room, and a small basement for storage. The property also boasts a south-facing front and east-facing side, providing abundant natural light. A gated, long driveway leads to a 2-car garage with additional parking and turnaround space. Located with convenient access to Freeways 5, 55, 57, and 22, this home offers both historic charm and modern amenities in an ideal location.

Nearby schools

2/10
Wallace R. Davis Elementary School
Public,K-50.1mi
5/10
Garfield Elementary School
Public,K-50.5mi
3/10
Raymond A. Villa Fundamental Intermediate School
Public,6-81.2mi
3/10
Santa Ana High School
Public,9-121.0mi
3/10
Century High School
Public,9-121.9mi
Condition Rating
Excellent

Despite being built in 1921, this property has undergone an extensive and recent renovation, making it virtually new inside. The description explicitly states 'newly updated kitchen' with 'brand-new island, cabinets, appliances, and recessed lighting,' and 'modernized bathrooms' with double sinks, a large tiled shower, and a stand-alone tub. The images confirm these areas feature contemporary styles and high-quality finishes. Furthermore, the home boasts new wood windows, SPC flooring, rewired electrical, and a brand-new HVAC system, indicating a comprehensive overhaul within the last 5 years. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Historic Designation & Mills Act Benefits: Registered as the historic Liggett-Wallace home in the French Park district, qualifying for significant Mills Act tax savings year after year.
Extensive Turnkey Modern Upgrades: The home has been fully upgraded with new wood windows, SPC flooring, rewired electrical, a brand-new HVAC system, and modernized kitchen and bathrooms, offering a move-in ready condition.
Charming Craftsman Architecture & Historic Location: A charming Craftsman-style single-story home located in the desirable historic French Park district of Santa Ana, enhancing its character and appeal.
Generous Outdoor Space & Ample Parking: Features a spacious front porch and large backyard perfect for outdoor entertaining, complemented by a gated, long driveway and a 2-car garage with additional parking.
Strategic Freeway Access: Offers convenient access to major Freeways 5, 55, 57, and 22, making it ideal for commuters.

Cons

Aggressive Pricing Relative to Market: The list price of $949,000 for 1,428 sqft appears high when compared to recent sales of similar properties in the immediate area, potentially impacting market competitiveness.
Historic Renovation Restrictions: While offering tax benefits, the property's historic designation may impose limitations or require specific approvals for future exterior modifications or significant structural changes, which could deter some buyers.
Modest Interior Square Footage: At 1,428 sqft, the interior living space is relatively modest, which might not meet the needs of buyers seeking larger homes, especially considering the price point.

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