622 E Lomita Avenue, Orange, California 92867, Orange, 92867 - 4 bed, 2 bath
ACTIVE$1,275,000
622 E Lomita Avenue, Orange, California 92867
4Beds
2Baths
1,662Sqft
6,174Lot
Price Vs. Estimate
The estimated value ($792,914.22) is $482,085.78 (37%) lower than the list price ($1,275,000). This property may be overpriced.
Key pros and cons
Top Pros:
Exceptional Location: The property boasts an excellent location, within easy walking distance to Old Towne Orange Plaza and Chapman University, and offers quick access to major freeways (55, 5, 22).
Top Cons:
Dated Interior & Systems: While preserving original charm, the description does not mention modern updates to the kitchen, bathrooms, or major systems (HVAC, electrical, plumbing), suggesting potential for significant renovation costs to meet contemporary standards.
Compared to the nearby listings
Price:$1.27M vs avg $1.22M (+$55,000)57%
Size:1,662 sqft vs avg 1,883 sqft41%
Price/sqft:$767 vs avg $63582%
More Insights
Built in 1963 (62 years old).
Condition: The property, built in 1963, is well-maintained with charming original pegged hardwood floors and built-ins. However, the kitchen features dated dark wood cabinets, older appliances (some stainless steel, some not), and dated tile flooring. The bathrooms also appear significantly outdated with basic vanities and older tile. While functional and clean, these key areas require substantial renovation to meet current quality and style standards, aligning with the 'Fair' criteria of being aged but maintained, with major components showing signs of being outdated.
Year Built
1963
Close
-
List price
$1.27M
Original List price
$1.29M
Price/Sqft
$767
HOA
-
Days on market
-
Sold On
-
MLS number
PW24135227
Home ConditionFair
Features
Patio
View-
About this home
THE BLUE BABY! 4 bed 2 full bath, 1662 sq ft of style and grace! Easy walking distance to the Plaza and Chapman University. This gem has original pegged hardwood floors and well preserved built-ins around the living room fireplace! The large living room carries through the foyer to connect to a designated dining room and adjoining kitchen. Doors from the kitchen and dining room invite you into the large backyard with covered patio. Back inside, the large Master bedroom comes with ample closet space and an adjoining master bath. 3 additional bedrooms and 2nd bath complete this 4 bedroom 2 bath large property on a tree lined street. A few minutes to walk to Old Towne Orange or a quick drive to access the 55, 5, and 22 fwys. This one has it all!
Condition Rating
Fair
The property, built in 1963, is well-maintained with charming original pegged hardwood floors and built-ins. However, the kitchen features dated dark wood cabinets, older appliances (some stainless steel, some not), and dated tile flooring. The bathrooms also appear significantly outdated with basic vanities and older tile. While functional and clean, these key areas require substantial renovation to meet current quality and style standards, aligning with the 'Fair' criteria of being aged but maintained, with major components showing signs of being outdated.
Pros & Cons
Pros
Exceptional Location: The property boasts an excellent location, within easy walking distance to Old Towne Orange Plaza and Chapman University, and offers quick access to major freeways (55, 5, 22).
Historic Charm & Character: Retains unique historical appeal with original pegged hardwood floors and well-preserved built-ins around the living room fireplace.
Spacious Interior Layout: Offers a generous 1662 sq ft with 4 bedrooms and 2 bathrooms, featuring a large living room, designated dining room, and ample master bedroom closet space.
Desirable Outdoor Space: Includes a large backyard with a covered patio, providing an ideal setting for outdoor entertaining and relaxation.
Attractive Street Appeal: Situated on a pleasant, tree-lined street, which enhances the property's curb appeal and contributes to a desirable neighborhood ambiance.
Cons
Dated Interior & Systems: While preserving original charm, the description does not mention modern updates to the kitchen, bathrooms, or major systems (HVAC, electrical, plumbing), suggesting potential for significant renovation costs to meet contemporary standards.
Potential for Higher Maintenance: As a 1963 build, the property's age implies that major systems and components may be original or older, potentially leading to increased maintenance requirements or the need for costly replacements in the near future.
Overpriced Relative to Market Estimates: The current list price of $1,275,000 is substantially higher than the property's estimated value of $792,914.22, indicating it may be significantly overvalued compared to market data and recent sales.