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518 Sheree Lane, Placentia, California 92870, Placentia, 92870 - 3 bed, 2 bath

518 Sheree Lane, Placentia, California 92870 home-pic-0
ACTIVE$1,059,000
518 Sheree Lane, Placentia, California 92870
3Beds
2Baths
1,687Sqft
7,938Lot
Year Built
1958
Close
-
List price
$1.06M
Original List price
$1.06M
Price/Sqft
$628
HOA
-
Days on market
-
Sold On
-
MLS number
OC25265200
Home ConditionFair
Features
Patio
ViewNeighborhood

About this home

We found 4 Cons,6 Pros. Rank: price - $1.06M(29th), sqft - 1687(32th), beds - 3(30th), baths - 2(43th).

Welcome to the ideal home to grow and make lasting memories. Offered for the first time in nearly two decades, this charming cul-de-sac home sits on an oversized, flat 7,900+ sq ft lot, providing rare outdoor space for pets to roam, and gatherings to thrive. Step inside to a warm and inviting layout featuring a refreshed and generously sized kitchen, a formal living room, and a cozy den—perfect for movie nights, reading, or just relaxing. French doors open directly to the backyard, creating a seamless indoor–outdoor flow that you are sure to love. The expansive backyard feels like a private oasis, complete with fruit-bearing orange, guava, and pomegranate trees, plenty of room for recreation, gardening, and space for weekend barbecues and celebrations. Recent exterior paint gives the home beautiful curb appeal, while the whole-home water filtration system and leased solar panels help provide healthy living and low utility costs. Side RV/boat parking adds convenience and plenty of space for toys. Located on a quiet, low-traffic cul-de-sac, this home offers privacy, comfort, and an incredible outdoor lifestyle, all just minutes from schools, parks, shopping, and dining. This is the home you’ve been waiting for—spacious, welcoming, and ready to create new memories. Leased solar- buyer to take over lease- currently $140. / month

Price History

Date
Event
Price
11/22/25
Listing
$1,059,000
07/29/03
Sold
$400,000
Condition Rating
Fair
Built in 1958, this home has been well-maintained with some updates, but many components are aged. The kitchen is 'refreshed' with newer stainless steel appliances and painted cabinets, but the countertops and backsplash appear dated. Bathrooms are not shown and are likely original or minimally updated, as indicated by the property analysis. While there are some modern touches like recessed lighting and a newer AC condenser unit, the overall style and age of core systems suggest it requires minor updates to meet current standards, particularly in the bathrooms and potentially other fixtures and finishes.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7938, living area = 1687.
Expansive & Private Backyard Oasis: The oversized, flat 7,900+ sq ft lot offers rare outdoor space, featuring fruit-bearing trees, ample room for recreation, gardening, and entertaining, with seamless indoor-outdoor flow via French doors.
Desirable Cul-de-Sac Location: Situated on a quiet, low-traffic cul-de-sac, providing enhanced privacy, safety, and a peaceful living environment away from through traffic.
Energy Efficiency & Modern Conveniences: Equipped with leased solar panels for reduced utility costs and a whole-home water filtration system, contributing to healthy living and modern comfort.
RV/Boat Parking & Storage: The property includes convenient side RV/boat parking, offering valuable space for recreational vehicles and toys, a highly sought-after feature.
Refreshed Kitchen & Curb Appeal: Features a generously sized, refreshed kitchen and recent exterior paint, enhancing the home's immediate appeal and functionality upon entry.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Leased Solar Panel Obligation: The buyer is required to assume the existing solar panel lease, incurring an additional fixed monthly cost of $140, which adds to ongoing homeownership expenses.
Age of Core Systems: Built in 1958, and while the kitchen is refreshed and exterior painted, there is no explicit mention of updates to major systems like plumbing, electrical, or HVAC, potentially indicating older components that may require future maintenance or replacement.
Limited Interior Updates Beyond Kitchen: The description highlights a 'refreshed kitchen' but does not detail updates to other interior spaces, such as bathrooms or flooring, suggesting these areas might be original or dated and could require further investment.

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