$1,299,998
1514 E Palm, Orange, CA 92866
Oversized Lot Ranch — 3BR/2BA Single-Story Near Old Towne Orange
3 Bed · 2 Bath · 1,584 Sq Ft
Large 8,056 sqft lot, single-level living, moments from Old Towne
3
Beds
2
Baths
1,584
Sq Ft
1956
Built
0.185 acres (8,056 sqft)
Lot
No garage recorded — driveway and street parking
Garage
About E Palm
Light-filled (as observed in photos) single-story ranch with classic mid‑century bones and a rare, deep lot just minutes from Old Towne Orange. This 1956-built home provides a practical 1,584 square feet of living space with three bedrooms and two bathrooms arranged for functional day-to-day living. The living room and dining footprint flows to a modest kitchen area and bedrooms are separated for privacy — a layout that appeals to downsizers, professionals working locally, and young families alike.
The standout feature is the oversized 8,056 sqft parcel. The rear yard is broad and private with abundant space for a modern outdoor entertaining area, a pool, mature landscaping, or the addition of an accessory dwelling unit (ADU) or garage (subject to City of Orange permitting). Buyers seeking future upside will appreciate the potential to reconfigure the site to significantly increase usable square footage and market value.
Located on a quiet residential stretch of East Palm, the home is a short drive to the restaurants, shops and weekly farmers’ market of Old Towne Orange. Commuters benefit from straightforward access to the 55 and 57 freeways and local transit corridors. With the current list price of $1,299,998 the property represents a buy-and-improve opportunity in a stable Orange market — ideal for an owner-occupant who wants a single-level home with expansive outdoor potential or an investor looking to reposition a property in a desirable pocket.
Sellers have provided a generous trove of photos; buyers should schedule a showing and inspection to verify mechanical systems and explore the lot’s full potential. This is a property where thoughtful updates and smart landscaping investments will deliver meaningful return.
Home Highlights
Property Features
Interior Features
- Single-level 1,584 sq ft layout
- 3 bedrooms, 2 bathrooms
- Functional living + dining arrangement
- Classic 1950s ranch footprint — good candidate for kitchen/bath modernization
Exterior & Lot
- Oversized 8,056 sqft lot (approx. 0.185 acres)
- Spacious rear yard with room for pool, landscaping and ADU
- Driveway parking; no garage recorded
- Quiet residential street, mature neighborhood trees
Location & Neighborhood
- Short drive to Old Towne Orange (antique district, dining, shops)
- Convenient freeway access (55 / 57 corridors)
- Close to neighborhood parks and everyday shopping
- Part of established East Orange residential community
Walkability & Recreation
- Walkability Rating: 65/100
- Nearby parks and walking routes; bike-friendly local streets
- Easy access to Old Towne restaurants and weekend events
Neighborhood & Location
East Orange offers established residential streets, mature landscaping and a strong sense of community. The area balances quiet, tree-lined blocks with quick access to the lively Old Towne Orange plaza where independent restaurants, cafes and antique shops draw local crowds. Residents enjoy nearby parks and straightforward freeway access to regional employment centers.
Market Insights
Orange's single-family market remains attractive to buyers seeking established neighborhoods with convenient access to amenities. In the 92866 micro-area, median sale prices generally command a premium for proximity to Old Towne and Chapman's campus. Inventory has been relatively tight over recent years, keeping prices supported, but the subject's relatively high price per square foot and 262 days on market indicate buyer sensitivity. For sellers: emphasizing the oversized lot and potential for ADU/expansion will help reach the right buyer. For buyers: this is an opportunity to secure a single-level home with immediate upside through aesthetic and systems upgrades.
Nearby Schools
Handy Elementary School
Elementary · 1.0 mi (approx.)
Richland Intermediate / Cerro Villa (neighborhood assignments vary)
Middle · 1.0–2.0 mi (approx.)
El Modena High School
High · 2.0 mi (approx.)
Walkability & Recreation
Good access to neighborhood parks, walking routes and Old Towne amenities; outdoor upgrades on the large lot are feasible and would enhance lifestyle.
Investment Highlights
- Large 8,056 sqft lot in East Orange — rare opportunity for expansion, ADU, pool or garage
- Single-story 3 bed / 2 bath layout attractive to downsizers and families
- Close proximity to Old Towne Orange, dining, retail and Chapman University
- Active listing with price anchored at $1,299,998 and AVM within 1% — streamlined valuation discussion
Key Findings
- 3 beds, 2 baths, 1,584 sqft; built in 1956; lot 8,056 sqft (data from listing)
- No garage recorded — on-site driveway and street parking likely
- Listing has been active for 262 days, indicating either pricing or condition sensitivity
- List price = $1,299,998; AVM = $1,292,759; estimated market range $1.225M–$1.375M
- Property likely zoned single-family (City of Orange R1), allowing typical residential upgrades and ADU opportunities subject to permitting
Things to Consider
- Long DOM (262) — seller may need to adjust strategy or price to attract offers
- Condition and mechanical systems not disclosed — potential for costly upgrades
- No garage recorded — parking could be a negotiation point for buyers
- High price-per-square-foot relative to some nearby comps; buyer pool may be smaller
Opportunity Analysis
Buyers can acquire a single-story property with a disproportionately large lot for the neighborhood and create value through cosmetic modernization and targeted exterior improvements (pool, landscaping, ADU/garage). Repositioning for resale or long-term rental is feasible in a stable Orange market.
Potential Use Scenarios
- Obtain full inspection and cost estimates for kitchen/bath and systems upgrades; structure offers with inspection contingencies
- Market to owner-occupiers emphasizing lot utility (outdoor living, expansion) and proximity to Old Towne
- Consider modest price reduction or credit if inspections reveal HVAC/roof/electrical work to accelerate sale
- Explore ADU feasibility with City of Orange for long-term value uplift
Risk Factors
- Unexpected structural or systems repairs (roof, foundation, electrical) common in 1950s homes
- Permitting constraints for ADU/garage on specific lot configuration
- Neighborhood comps could limit upside if many upgraded homes are already priced aggressively
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$1225K
Midpoint
$1300K
High
$1375K
$820/SF estimated price per square foot
Estimate anchored to the active list price ($1,299,998) and the provided AVM ($1,292,759). Range +/- ~6% to reflect days on market, condition unknown, and high price per SF relative to some local comps. No live comparable sales search performed.
As of 2026-03-12
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Stable mature suburban neighborhood with modest population growth; demand remains steady for well-priced single-family homes.
Nearby Points of Interest
- Old Towne Orange / Plaza (approx. 0.5-1.0 mi)
- Chapman University (approx. 1.5-2.5 mi)
Within short drive of Old Towne Orange restaurants & antique district, neighborhood parks, grocery stores and regional freeway access (55/57). Good balance of neighborhood calm and urban amenities.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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