513 Madison Avenue, Placentia, California 92870, Placentia, 92870 - 3 bed, 2 bath
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Placentia, California 92870
This Charming Single-Level Residence represents a stable entry into a high-demand market, listed at $960,000—positioned well below the $974,032 Fair Market Value by 1%. This valuation gap offers $14,032 in Instant Equity for buyers. While maintaining a Condition Score of 4, the property benefits from Major System Upgrades, including a new roof, HVAC, and tankless water heater. Situated on an 8,700 Sqft Corner Lot with RV Parking in the Placentia-Yorba Linda Unified School District, it balances immediate functionality with cosmetic upside. This is an ideal match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 513 Madison Avenue Subject | $960,000* List Price | 3 | 2 | 1,500 | $649 | - |
A 1714 Sierra Bonita Sold | $1,200,000 | 3 | 2 | 1,635 | $734 | 0.8 mi |
B 904 Aquamarine Sold | $1,098,000 | 4 | 2 | 1,522 | $721 | 0.1 mi |
C 308 Eagle Drive Sold | $1,000,000 | 4 | 2 | 1,617 | $618 | 0.6 mi |
D 724 Stardust Drive Sold | $900,000 | 3 | 2 | 1,187 | $758 | 0.2 mi |
E 644 Sherwood Avenue Active Under Contract | $899,000 List Price | 3 | 2 | 1,620 | $555 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1956 home that benefits from significant recent mechanical upgrades, including a new roof, HVAC system, and tankless water heater. However, the interior remains largely in its original or aged state, featuring a vintage kitchen with older cabinetry, a bathroom with 1950s-style pink tile, and original hardwood floors that the listing admits require 'TLC'. While the home is functional and livable, the overall aesthetic, fixtures, and finishes are outdated and require cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8670, living area = 1500.
The property features significant high-ticket improvements, including a new roof, a new HVAC system with vents, and a tankless water heater, reducing immediate maintenance costs for the buyer.
Situated on a generous 8,700 square foot corner lot, the home offers ample outdoor space and a long driveway specifically designed for RV parking, a high-demand feature in this area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1463.
The interior requires some aesthetic attention and refinishing of the original wood floors to modernize the space and maximize the home's value.
Built in 1956, the property may have older plumbing or electrical components typical of its era that were not included in the recent major system upgrades.
Welcome to the highly-desirable area of Placentia! This charming 3-bedroom, 2-bathroom single-level residence offers 1,500 square feet of comfortable living space on a generous 8,700 square foot lot. The long driveway is suitable for RV parking while the 2-car attached garage offers convenience for more vehicles or storage. You will be welcomed with a bright and airy open layout as soon as you walk in the front door. All 3 bedrooms are spacious and offer plenty of natural lighting. The large living room showcases a cozy two-way fireplace which is adjacent to the open kitchen with eat-in dining area, creating an ideal open-concept living area. The updated sliding glass doors bring the backyard to life, creating a smooth indoor-outdoor connection to your private backyard oasis. A perfect blend of comfort, space, and prime Orange County location. Upgrades of this home include a new roof, HVAC system and vents, tankless water heater and with a little TLC you can highlight the original wood floors throughout!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 26% |
| Baths | 2.0 | 3.0 | 39% |
| Square foot | 1,500 | 2,068 | 14% |
| Lot Size | 8,670 | 7,000 | 87% |
| Price | $960.0K | $1.31M | 12% |
| Price per sq ft | $640 | $637 | 52% |
| Built year | 1956 | 1971 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 153 | 1% |
Apr 11, 2026
$960,000
Initial Listing