521 S Lyon 83, Santa Ana, California 92701, Santa Ana, 92701 - 2 bed, 2 bath
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521 S Lyon 83
Santa Ana, California 92701
ACTIVE
CONDITION: GOOD
2Beds
2Baths
980Sq Ft
348,571Lot Size
Property Price
LIST PRICE$439,999
EST. MARKET VALUE
$462,212
4% BelowMARKET VALUE
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $439,999—positioned well below the $462,212 Fair Market Value by 4%. This valuation gap offers $22,213 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes modern updates like recessed lighting and newer windows. With no neighbors above or below and a private patio, it offers a townhome-like lifestyle. This is an ideal acquisition for first-time buyers or Owner-Occupants seeking a turnkey, low-maintenance residence.
Estimated Market Value
$462,212+$22,213 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Santa Ana.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 521 S Lyon 83 Subject 2 bd · 2 ba · 980 sqft · $472 | $439,999* List Price | 2 | 2 | 980 | $472 | - |
A 521 S Lyon 49 Sold 2 bd · 2 ba · 1,000 sqft · $507 · 0.0 mi | $507,000 | 2 | 2 | 1,000 | $507 | 0.0 mi |
B 1018 Cabrillo Park H Sold 2 bd · 2 ba · 1,007 sqft · $511 · 0.9 mi | $515,000 | 2 | 2 | 1,007 | $511 | 0.9 mi |
C 1001 E Camile A2 Sold 2 bd · 2 ba · 870 sqft · $431 · 0.6 mi | $375,000 | 2 | 2 | 870 | $431 | 0.6 mi |
D 521 S Lyon 85 Active 2 bd · 2 ba · 980 sqft · $464 · 0.0 mi | $455,000 List Price | 2 | 2 | 980 | $464 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1964, the property is well-maintained and move-in ready with recent cosmetic updates including new carpet, fresh interior paint, and newly installed recessed lighting. The kitchen and bathrooms are functional, and the addition of newer windows suggests proactive maintenance of the systems.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The unit is move-in ready with extensive recent updates, including new carpet, fresh interior paint, recessed lighting, and newer windows, reducing immediate maintenance costs for the buyer.
- Enhanced Privacy
Unlike many condominiums, this unit features no neighbors above or below and includes a private outdoor space, offering a living experience more comparable to a townhome.
- Comprehensive HOA Coverage
The association fee includes water, trash, sewer, hazard insurance, and exterior maintenance, providing significant value and simplifying monthly utility budgeting.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =348571, other record lot size in square feet = 351179.
- Older Construction
Built in 1964, the property may lack the modern energy efficiency standards and contemporary infrastructure found in newer residential developments.
- Limited Parking
The property only provides one assigned covered carport space, which may be a challenge for two-bedroom households with multiple vehicles or frequent guests.
About 521 S Lyon 83
UPDATED & MOVE-IN READY! Welcome to 521 S. Lyon St #83, a beautifully updated 2-bedroom, 2-bathroom condo located in the desirable Saddleback Villas community of Santa Ana. This inviting home features a spacious living room filled with natural light, newly installed recessed lighting throughout, updated bathrooms, new carpet, newer windows, and fresh interior paint that creates a clean and welcoming feel throughout. Enjoy the added privacy of no neighbors above or below, along with a private outdoor space perfect for relaxing, entertaining, or enjoying your morning coffee. The home also includes an assigned covered carport parking space with a convenient wooden storage compartment, providing additional storage for everyday essentials. HOA dues include water, trash, sewer, hazard insurance, and exterior maintenance, offering added convenience and value. Ideally situated near Downtown Santa Ana, residents can enjoy convenient access to shopping, dining, entertainment, parks, and major freeways. With its thoughtful updates, private outdoor space, excellent privacy, and convenient location, this move-in-ready condo is a wonderful opportunity to own a comfortable home in the heart of Santa Ana.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- 348,571 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $443.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 1.9 |
| Square foot | 980 | 920.18 |
| Lot Size | 348,571 | 232,361.303 |
| Price | $440.0K | $447.6K |
| Price per sq ft | $449 | $539 |
| Built year | 1964 | 1973 |
| HOA | $443.0 | $472 |
| Days on market | 26 | 66 |
Pricing History
Listed for Sale
Sep 29, 2026
$439,999
Initial Listing
Sold
Apr 18, 2025
$409,000
Public Record
Sold
Jul 31, 2024
$627,500
Public Record
Sold
Jul 31, 2017
$255,000
Public Record
Sold
Mar 16, 2000
$85,000
Public Record