Living Room and Open Concept Kitchen
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173 North Waverly, Orange, CA 92866

$1.23M2bd · 2ba · 1,254 sqft
Lot 6,750 sqft•Single Family Residence•
Active
•86d on market•MLS# PW-26173236

Property Description

Priced to Sell. Over $250,000 invested across property improvements, planning, engineering, historic resource assessment completion, and approvals representing over 14 months of completed groundwork. Fully Approved and Permit Ready House Remodel Plans! A thoughtfully reimagined residence nestled in the highly desirable north east quadrant of the Old Town Orange Historic District where historic character, modern comfort, and future value converge. This home presents a rare, meaningful value-add opportunity to own a home in the Old Town Orange Historic District with . Fully approved, permit ready house remodel plans envision an approximately 180-square-foot addition to the home to create a future 3 bedroom, 3 bath layout with a luxurious primary suite, walk-in closet, and spa-style primary bath. Separately, the approximately 300 sqft garage that is proposed for conversion to an ADU is in final review phase for city approval and permits. This would present the potential for a total of 4 bedrooms, 4 bathrooms and approximately 1,729 square feet of living space on the premises. This is a significant value for a new owner with ready to build, approved plan sets for the home and final building department review for the ADU underway anticipating full approval in coming weeks. Currently, the updated the home features extensive improvements throughout and is being sold with a completed termite clearance. The new kitchen features quartz countertops and new GE appliances, while updated baths include custom tile, new shower valves, cabinetry and fixtures with a newly reglazed tub. Major system upgrades include new PEX plumbing, a new HVAC system and ducting throughout the home, and a Noritz tankless water heater. Professionally leveled floors, new laminate flooring, fresh interior texture and paint, and exterior paint provide a polished foundation for everyday living. The private grounds have been transformed into a lush English garden inspired retreat, with more than 80 new plants, commercial-grade Netafim drip irrigation, fresh mulch, and decomposed-granite pathways throughout the lot. Three mature, highly productive fruit trees (apple, orange, and lemon) complete the setting. Phenomenal location being a little over a 1/2 mile to everything in Old Town Orange whether local eats or shopping, approximately 3/4 mile to Chapman University, and 1 mile to the 55 freeway.

Features & Amenities

FeeBuilt 1946

Property Details

Land Type
Fee
Year Built
1946
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
1
Heating
Central, Heat Pump
Cooling
Central Air
View
None
Flooring
Laminate
Roof
Shingle, Asphalt
City
Orange
Zip Code
92866
County
Orange
Listed byBHHS CA Properties, Jenni Abney

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,194.27
Principal & Interest
Loan Amount
$980,000
Total Interest
$1,249,936
Total Payment Over 30 Years
$2,229,936
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

173 North Waverly, Orange, CA 92866

Orange · Single Family Residence

$1.23M
Affordable Tier
Beds
2
Baths
2
Sqft
1,254
Lot
6,750 sqft
Year
1946
$/Sqft
$977
Pool: No✓
Spa: No✓
View: None✓
Garage: 1-car✓

Listed in line with the median closed sale of $1,250,000. Closed comps sold at 102% of list — strong seller's market.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $1.23M· $977/sqft
Total list price
Closed comps
vs closed median $1.25M
−$25K (−2.0%)
Active comps
vs active median $1.29M
−$65K (−5.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $955
+$22 (+2.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1426 SycamoreOrange1959221,5506,555$838$1.30M1785
743 WashingtonOrange1941218786,880$1,247$1.09M2784
340 WayfieldOrange1957321,4917,186$889$1.32M1683
515 WayfieldOrange1955421,3136,000$829$1.09M4783
292 WaverlyOrange1924311,3285,670$971$1.29M11482
Total: 5 · Average2.81.61,3126,458.2$954.8$1.22M44.2
Median1,328$1.29M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
822 Walnut AvenueOrange194807/06/2026221,1217,680$1.15M$1.15M$1,0261.004090
1034 Palmyra AvenueOrange194609/02/2026421,3986,804$1.05M$1.05M$7511.002186
317 WaverlyOrange192808/12/2026321,4566,075$1.23M$1.25M$8591.023785
713 SycamoreOrange195005/20/2026321,5897,290$1.19M$1.38M$8711.163782
262 Cambridge StreetOrange192106/05/2026321,3767,290$1.40M$1.29M$9360.926682
Total: 5 · Average3.02.01,3887,027.8$1.22M$1.22M$888.6—40.2
Median1,398$1.25M$1.25M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.