$862,500
SOLD OCT 4, 2024

740 E Palm Ave Orange, CA 92866

2 Beds
1 Bath
1,140 Sq Ft
4,937 Sq Ft Lot

Recently Sold

$757 Per Sq Ft

4% Above List Price

6 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Neighborhood Views
  • Mediterranean Architecture
  • No HOA
  • Breakfast Area or Nook

About This Home

As of October 2024

LOCATION, LOCATION, LOCATION!!!! This is a RARE INVESTOR OPPORTUNITY to restore an Historic 1923 Mediterranean Revival home to its former glory! Located in a PRIME corner location at Palm Ave and Pine St in the HEART of Old Towne Orange, this sizable 2 bed, 1 bath home with detached 2-car garage is ready for it's face-lift. Features original hard wood floors, built-in china cabinet (with the original lights & mirrored back panel intact), a decorative fireplace (not built originally as a functional amenity), and built-in dressers in each bedroom closet. This desirable floor-plan includes a front living room with adjacent formal dining area, plus a breakfast area in the kitchen. A spacious side patio on Pine St offers a wonderful outdoor space and viewing spot for the award-winning Christmas light display each year! A convenient indoor laundry as well as a small utility basement provide additional space and options. Due to the condition, the seller will entertain only non-financed offers. The kitchen and bathroom are in poor condition and will not support financing. Grab your contractor and run to see this one before it's gone! This property is located in the Old Towne Orange Historic District close to shopping, dining, public transportation and more!

Last Agent to Sell the Property

Lisa Blanc

Seven Gables Real Estate Brokerage Phone: 714-231-9622 License #01260813 Listed on: 09/12/2024

Seven Gables Real Estate

Co-Listed By

Krista Blanc

Seven Gables Real Estate Brokerage Phone: 714-231-9622 License #02009636

Last Buyer's Agent

Monica Mojarro

New Leaf Funding Inc License #01272965

New Leaf Funding Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,320

Year Built

  • Built in 1923

Lot Details

  • 4,937 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway

Home Design

  • Mediterranean Architecture
  • Fixer Upper
  • Raised Foundation
  • Stucco

Interior Spaces

  • 1,140 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Decorative Fireplace
  • Living Room
  • Center Hall
  • Wood Flooring
  • Neighborhood Views
  • Laundry Room
  • Unfinished Basement

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Concrete Porch or Patio
  • Exterior Lighting

Additional Features

  • No Interior Steps
  • Floor Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 202
  • Assessor Parcel Number 38608320

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,320

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: Yes
  • Architectural Style: Mediterranean
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 38608320
  • Year Built: 1923
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1140.00 Square Feet
  • Interior Amenities: Built-in Features
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: No Interior Steps
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Nook
  • Entry Level: 1
  • Fireplace Features: Decorative
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 756.58
  • Room Type: Center Hall, Kitchen, Living Room
  • Basement: Unfinished

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • View: Neighborhood
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Orange Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4937.00
  • Lot Size Acres: 0.1133

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4937.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 2
  • Tax Tract Number: 202

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2002
Sold by
Paul Nancy R
Bought by
Paul Nancy R and Nancy R Paul Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $220,000 New Conventional
Closed $25,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 Price Changed $1,098,000 -8.3% $963 / Sq Ft
05/21/2025 05/21/25 Price Changed $1,198,000 -3.8% $1,051 / Sq Ft
04/18/2025 04/18/25 For Sale $1,245,000 +44.3% $1,092 / Sq Ft
10/04/2024 10/04/24 Sold $862,500 +4.0% $757 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/12/2024 09/12/24 For Sale $829,000 -- $727 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,320 $189,401 $146,803 $42,598
2023 $2,265 $185,688 $143,925 $41,763
2022 $2,217 $182,048 $141,103 $40,945
2021 $2,157 $178,479 $138,336 $40,143
2020 $2,136 $176,649 $136,917 $39,732
2019 $2,111 $173,186 $134,233 $38,953
2018 $2,079 $169,791 $131,601 $38,190
2017 $1,998 $166,462 $129,020 $37,442
2016 $1,960 $163,199 $126,491 $36,708
2015 $1,930 $160,748 $124,591 $36,157
2014 $1,888 $157,600 $122,151 $35,449
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24177044

California Regional Multiple Listing Service (CRMLS)

APN: 386-083-20