5519 E Avenida Palmar, Orange, California 92869, Orange, 92869 - 4 bed, 2 bath
ACTIVE UNDER CONTRACT$1,150,000$1,936/sqft
Est. Value: $1,250,344
8%
BelowEstimate
5519 E Avenida Palmar, Orange, California 92869
4Beds
2Baths
1,936Sqft
16,000Lot
Price Vs. Estimate
The estimated value ($1,250,343.93) is $100,343.93 (8%) higher than the list price ($1,150,000). This property may be underpriced.
Key pros and cons
Top 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 = 16000, living area = 1936.
Top Cons:
Requires Renovation/Updates: Explicitly stated as a 'diamond in the rough' that 'needs a little TLC,' indicating the property requires significant updates or repairs to reach its full potential.
Compared to the nearby listings
Price:$1.15M vs avg $1.31M ($-165,000)28%
Size:1,936 sqft vs avg 2,172 sqft32%
Price/sqft:$594 vs avg $64934%
More Insights
Built in 1977 (49 years old).
Condition: Built in 1977, this property is aged and requires substantial cosmetic updates throughout. The kitchen features dated wood cabinets, tile countertops, and old vinyl flooring, though some appliances appear newer. Bathrooms are functional but have very dated vanities, tile, and fixtures. Most interior flooring is either removed (exposed subfloor) or consists of old, worn carpet and vinyl, necessitating full replacement. While major systems like central air are present and the structure appears sound, the interior has not undergone major renovations and shows significant signs of being outdated, aligning with the 'fair' condition criteria for a property needing more than minor updates but not suffering from structural or safety defects.
Year Built
1977
Close
-
List price
$1.15M
Original List price
$1.15M
Price/Sqft
$594
HOA
-
Days on market
-
Sold On
-
MLS number
OC26000142
Home ConditionFair
Features
Patio
View-
About this home
Single-story gem on a huge corner lot, located in a beautiful, mature community in Orange. This private, gated home has 4 bedrooms, 2 baths, and a 3-car garage with long driveway. Upon entering the home, there is a large, spacious room that is perfect for family gatherings – for dining and/or relaxing. The kitchen has a built-in double oven, dishwasher, cooktop, microwave, and refrigerator. There’s even an area for a small table to sit at and enjoy meals. The family room opens to the large backyard, surrounded by mature landscaping. Laundry room is close, with washer and dryer. Central air. Forced air. This home is a diamond in the rough, and needs a little TLC. An exceptional opportunity for a future buyer or investor with vision of this special home's potential. Close to shopping. Must see to appreciate. This won’t last.
N
Nicole Toumayan
Listing Agent
Condition Rating
Fair
Built in 1977, this property is aged and requires substantial cosmetic updates throughout. The kitchen features dated wood cabinets, tile countertops, and old vinyl flooring, though some appliances appear newer. Bathrooms are functional but have very dated vanities, tile, and fixtures. Most interior flooring is either removed (exposed subfloor) or consists of old, worn carpet and vinyl, necessitating full replacement. While major systems like central air are present and the structure appears sound, the interior has not undergone major renovations and shows significant signs of being outdated, aligning with the 'fair' condition criteria for a property needing more than minor updates but not suffering from structural or safety defects.
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 = 16000, living area = 1936.
Expansive Corner Lot: The property boasts a huge 16,000 sqft corner lot, offering significant outdoor space, privacy, and potential for landscaping or expansion.
Desirable Single-Story Layout: A single-story floor plan with 4 bedrooms and 2 baths is highly sought after, providing accessibility and comfortable living.
Ample Parking & Storage: Features a 3-car garage and a long driveway, providing generous parking and storage solutions.
Established & Private Community: Located in a beautiful, mature, and private gated community in Orange, offering a sense of security and tranquility.
Investment & Renovation Opportunity: Described as a 'diamond in the rough' needing 'TLC,' it presents an exceptional opportunity for buyers or investors to add value and customize.
Cons
Requires Renovation/Updates: Explicitly stated as a 'diamond in the rough' that 'needs a little TLC,' indicating the property requires significant updates or repairs to reach its full potential.
Dated Construction: Built in 1977, the home likely features original finishes and systems that may not meet modern aesthetic or efficiency standards, contributing to the need for renovation.
Lack of Specific Views: The property description explicitly states 'view: None,' which might be a drawback for buyers seeking scenic vistas, especially in a desirable Orange County location.