515 N Wayfield, Orange, California 92867, Orange, 92867 - 3 bed, 2 bath
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Orange, California 92867
This property presents a High-Potential Investment Opportunity with a List Price of $1,075,000—positioned well above the $923,594 Fair Market Value by -16%. Featuring a Fair Condition Rating of 5, the home requires a full interior and systems rehab to modernize its 1955 infrastructure. Located in a desirable Orange neighborhood near Chapman University, the property offers significant value-add potential through renovation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking to capitalize on the prime North Orange County location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 515 N Wayfield Subject | $1,075,000* List Price | 3 | 2 | 1,313 | $703 | - |
A 1324 E Lomita Avenue Sold | $880,000 | 2 | 2 | 1,369 | $643 | 0.5 mi |
B 745 N Shirley Sold | $785,000 | 3 | 2 | 1,050 | $748 | 0.3 mi |
C 622 E Lomita Sold | $1,130,000 | 4 | 2 | 1,662 | $680 | 0.8 mi |
D 2225 E Quincy Sold | $1,050,000 | 3 | 2 | 1,806 | $581 | 0.8 mi |
E 393 N Clinton Active Under Contract | $948,999 List Price | 3 | 2 | 1,337 | $710 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1955 (69 years old) with no mentioned renovations to the kitchen, bathrooms, or major systems. The exterior shows signs of deferred maintenance, such as a dead lawn and dated architectural elements, suggesting the interior and systems are likely in original condition and require a full rehab.
The property is ideally situated near Old Towne Orange and Chapman University, offering high desirability for families, students, and faculty alike.
Located on a quiet, tree-lined street, the home provides a classic California community atmosphere that is highly sought after in North Orange County.
Excellent proximity to major freeways and public transportation makes this an ideal location for professionals seeking easy access to the broader Southern California region.
Built in 1955, the property may require significant capital investment to modernize original systems and aesthetic finishes to meet current market standards.
The listing explicitly notes a lack of views, which may limit the property's competitive edge compared to other homes in the area with more scenic outlooks.
Welcome to 515 N. Wayfield. This single-family home offers approximately 1,315 of living space on a 6,000 sq ft lot, featuring 3- bedrooms and 2-bathrooms, and built in 1955 in a Classic California architectural style. Located on a quiet, tree-lined street in a desirable Orange neighborhood, it provides a welcoming community atmosphere with convenient access to Old Towne Orange, parks, shopping, dining, and entertainment. The home is also near Chapman University and well-regarded schools, with excellent commuter access to major freeways and public transportation, offering a comfortable, connected lifestyle in North Orange County.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,313 | 1,811.5 |
| Lot Size | 6,000 | 7,259 |
| Price | $1.07M | $1.32M |
| Price per sq ft | $819 | $683 |
| Built year | 1955 | 1963 |
| HOA | $0 | $150 |
| Days on market | 12 | 44 |
Jul 10, 2026
$1,075,000
Initial Listing