801 S Lyon, Santa Ana, California 92705, Santa Ana, 92705 - 1 bed, 1 bath
ACTIVE$289,900
801 S Lyon, Santa Ana, California 92705
1Bed
1Bath
620Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Gated Community & Amenities: Well-established gated community offering enhanced security, mature landscaping, a sparkling swimming pool, playground, and leisure walkways, contributing to a desirable lifestyle.
Top Cons:
High HOA Fee Relative to Size: The $518 monthly HOA fee is considerably high for a 620 sqft 1 bed/1 bath unit, potentially impacting affordability and investment returns despite comprehensive inclusions.
Compared to the nearby listings
Price:$289.9K vs avg $630.0K ($-340,100)7%
Size:620 sqft vs avg 1,283 sqft4%
Price/sqft:$468 vs avg $51541%
More Insights
Built in 1972 (53 years old).
Condition: The property was built in 1972, making it 52 years old. Crucially, there are no interior images provided in the listing, which is a significant red flag. For a property of this age, the complete absence of photos for the kitchen, bathrooms, flooring, and other interior spaces strongly suggests that these areas are severely outdated and likely require substantial repairs and rehabilitation. If the interior had been recently renovated or was in good condition, the listing agent would undoubtedly showcase these features. Without any evidence of updates, it's highly probable that major components such as kitchen appliances, light fixtures, flooring, and potentially cooling/heating systems and electrical devices are original or from a very old renovation (30-50 years ago), placing the property in the 'Poor' category, requiring significant investment to meet modern living standards.
Year Built
1972
Close
-
List price
$290K
Original List price
$300K
Price/Sqft
$468
HOA
$518
Days on market
-
Sold On
-
MLS number
PW25244272
Home ConditionPoor
Features
Pool
View-
About this home
Welcome to Village Meadows, a well established gated community in Santa Ana! This picturesque condo complex showcases lots of mature trees and well maintained grounds. HOA includes onsite management, maintenance fees, water, gas and trash service. Amenities include a sparkling swimming pool, playground, and walkways for a leisure stroll. This is a great investor opportunity to own a piece of Orange County! Don't miss out, call today for more information!
Nearby schools
3/10
Robert Heideman Elementary School
Public,•PK-5•0.2mi
2/10
C. C. Lambert Elementary School
Public,•PK-5•1.6mi
7/10
Tustin Connect Academy
Public,•K-8•1.6mi
6/10
Columbus Tustin Middle School
Public,•6-8•1.7mi
8/10
Arnold O. Beckman High School
Public,•9-12•3.8mi
Condition Rating
Poor
The property was built in 1972, making it 52 years old. Crucially, there are no interior images provided in the listing, which is a significant red flag. For a property of this age, the complete absence of photos for the kitchen, bathrooms, flooring, and other interior spaces strongly suggests that these areas are severely outdated and likely require substantial repairs and rehabilitation. If the interior had been recently renovated or was in good condition, the listing agent would undoubtedly showcase these features. Without any evidence of updates, it's highly probable that major components such as kitchen appliances, light fixtures, flooring, and potentially cooling/heating systems and electrical devices are original or from a very old renovation (30-50 years ago), placing the property in the 'Poor' category, requiring significant investment to meet modern living standards.
Pros & Cons
Pros
Gated Community & Amenities: Well-established gated community offering enhanced security, mature landscaping, a sparkling swimming pool, playground, and leisure walkways, contributing to a desirable lifestyle.
Comprehensive HOA Inclusions: The HOA fee covers extensive services including onsite management, maintenance, water, gas, and trash, significantly reducing monthly out-of-pocket expenses for residents.
Strategic Orange County Location: Situated in Santa Ana, Orange County, a desirable and robust real estate market known for its potential for appreciation and strong rental demand.
Investor Opportunity: Explicitly marketed as a 'great investor opportunity,' indicating potential for rental income or a favorable entry point into the Orange County market.
Recent Price Adjustment & School Access: Benefits from a recent price reduction, enhancing its market competitiveness, and offers convenient proximity to an elementary school (0.23 miles) with access to highly-rated Tustin Unified schools.
Cons
High HOA Fee Relative to Size: The $518 monthly HOA fee is considerably high for a 620 sqft 1 bed/1 bath unit, potentially impacting affordability and investment returns despite comprehensive inclusions.
Compact Living Space & Age: The unit's small 620 sqft footprint may limit appeal for some buyers, and its 1972 construction year could imply a need for future updates or maintenance.
Absence of Specific Views: The property description explicitly states 'view: None,' which might be a disadvantage for buyers seeking scenic outlooks from their home.