
Orange, California 92866
This Spacious Single-Family Residence represents a Strong Value Opportunity, listed at $1,099,000—positioned well below the $1,158,542 Fair Market Value by 5%. This valuation gap provides $59,542 in Instant Equity. With a Condition Rating of 4, the home features a large 8,125 sqft lot and a functional layout, though it invites modernization to maximize long-term appreciation. Located near Old Towne Orange, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build wealth through strategic value-add renovations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 502 S Gardner Drive Subject | $1,099,000* List Price | 3 | 2 | 1,846 | $628 | - |
A 1339 E Greenview Drive Sold | $1,250,000 | 3 | 2 | 1,709 | $731 | 0.3 mi |
B 537 S Gardner Sold | $1,250,000 | 3 | 2 | 1,893 | $660 | 0.1 mi |
C 1024 E Tularosa Sold | $1,195,000 | 4 | 2 | 1,792 | $667 | 0.1 mi |
D 359 N Harwood Sold | $1,420,000 | 4 | 4 | 2,016 | $704 | 0.9 mi |
E 155 S Lincoln Street Sold | $1,065,000 | 4 | 2 | 2,188 | $487 | 0.5 mi |
F 915 E La Veta Avenue Active | $1,100,000 List Price | 3 | 2 | 1,624 | $677 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is well-maintained but features a dated kitchen and bathrooms that appear to be 20+ years old. While recent cosmetic updates like fresh paint and flooring have been made, the core cabinetry, appliances, and tile work require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8125, living area = 1846.
Situated just minutes from the historic Old Towne Orange and Chapman University, this property offers an unbeatable location with the added financial benefit of no HOA or Mello-Roos fees.
The oversized 8,125 sqft lot features a large covered patio and mature trees, providing a rare level of privacy and significant space for outdoor entertaining and potential expansion.
The assigned high school carries a lower rating (4/10), which may be a drawback for families prioritizing top-tier public education performance.
Built in 1963, the property may require future capital investment to modernize original systems or layout elements to fully align with contemporary luxury standards.
Introducing an incredible opportunity to own a charming 3-bedroom, 2-bathroom single-family home on a spacious, private lot in one of Orange's most highly coveted neighborhoods. Offering a comfortable floor plan, abundant character, and a large attic providing exceptional storage or future potential, this home is ready for its next chapter. Upon entry, you're welcomed by abundant natural light, beautiful hardwood flooring, crown molding, and recessed lighting that create a bright and inviting atmosphere. The generously sized dining room provides ample space for hosting family gatherings and entertaining guests. Beyond, the formal living room is anchored by floor-to-ceiling brick with fireplace and a large picture window that fills the space with natural light. Adjacent to the living room, the spacious family room features a second fireplace and extensive built-in cabinetry, offering the perfect space to relax or entertain. The expansive kitchen opens seamlessly to the family room and is equipped with a gas cooktop, stacked double ovens, abundant cabinetry, and a charming built-in banquette that provides additional seating or serves as the perfect breakfast nook. A conveniently located indoor laundry room completes this wing of the home. Sliding glass doors lead to the fully fenced, oversized backyard, where mature trees and a large covered patio create an ideal setting for outdoor entertaining, weekend gatherings, or al fresco dining while offering privacy and plenty of space to enjoy. Privately situated down the hall, the primary suite offers a peaceful retreat with a large window overlooking the backyard, generous closet space, dual vanities, and a private shower and water closet. Two additional well-sized bedrooms and a full guest bathroom complete the interior. Additional highlights include a two-car garage, Nest thermostats, multiple skylights, fresh interior paint throughout, and upgraded flooring. This home enjoys an unbeatable location just minutes from the historic charm of Old Towne Orange and the iconic Orange Circle, known for its renowned antique shops, restaurants, and year-round community events. It also offers convenient access to Chapman University, nearby parks, shopping, Disneyland, the Santa Ana Zoo, beautiful Orange County beaches, major freeways, and several respected universities, including Cal State Fullerton, Concordia University Irvine, and UCI. With no HOA or Mello-Roos, this is a rare opportunity not to be missed.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,846 | 1,811.5 |
| Lot Size | 8,125 | 7,259 |
| Price | $1.10M | $1.32M |
| Price per sq ft | $595 | $683 |
| Built year | 1963 | 1963 |
| HOA | $0 | $150 |
| Days on market | 1 | 44 |
Jul 21, 2026
$1,099,000
Initial Listing