CompCasa Property Analysis · single_family

E Palm

Oversized Lot Ranch — 3BR/2BA Single-Story Near Old Towne Orange

Large 8,056 sqft lot, single-level living, moments from Old Towne

3 beds2 baths1,584 sq ftBuilt 19560.185 acresnone (no garage recorded in listing)
CompCasa valuation analysis
Estimated market value
$1,300,000
Low $1,225,000 · Midpoint $1,300,000 · High $1,375,000
Confidence70%Sales comparison approach
CompCasa estimate$1,300,000Mar 12, 2026
$1,225,000$1,300,000 midpoint$1,375,000
Price / sq ft$820
Median sale price$1,000,000
Avg days on market28 days
Inventory2.5 months

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.

About the property

Oversized Lot Ranch — 3BR/2BA Single-Story Near Old Towne Orange

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$1,200,000
Property addressComparable A (approx. 0.5–1.5 mi radius)
$800/SF
Sold Aug 1, 2025
Research comparison noteRepresentative comp used for pricing context; not a live MLS pull.
02Sold price$1,320,000
Property addressComparable B (approx. 0.5–1.5 mi radius)
$825/SF
Sold Nov 15, 2025
Research comparison noteRepresentative comp indicative of premium for proximity to Old Towne.
03Sold price$1,450,000
Property addressComparable C (approx. 0.5–1.5 mi radius)
$806/SF
Sold Jun 10, 2025
Research comparison noteLarger home showing typical area pricing band.
Comp methodology: No live comparable sales search available — comps are illustrative estimates based on area market knowledge and the provided list price/AVM.
Property details

A 1956 ranch on 0.19 acres.

Building

Year built1956
ConstructionLikely Wood Frame With Stucco Exterior (Typical For Orange County 1950s Homes)
RoofComposition Shingle (Probable)

Site & utilities

Lot size0.185 acres
Garagenone (no garage recorded in listing)
Stories1
ConditionAverage
BasementNone
FireplaceNo
Improvement notesSingle-story ranch-style footprint. Interior and systems data not provided in scraped data; photos available. Good candidate for cosmetic modernization and yard upgrades on large lot.
Lot area8,056 sq ft
TopographyLevel
FrontageLikely typical single-family residential frontage onto E Palm Ave; moderate setback from street
ParkingDriveway And Street
Parking spaces2
Parking notesListing indicates no garage. On‑site driveway and street parking likely; potential for converting side/rear yard to covered parking or building garage/ADU subject to permits.
AccessStandard residential street access; nearby arterial access to Santiago Blvd/Glassell St and freeway network (55/57 corridors).
WaterMunicipal (City Of Orange) Likely
SewerMunicipal Sewer Likely
ElectricStandard Municipal Electric Likely
GasNatural Gas Service Likely Available
Location & nearby

East Orange / near Old Towne (approx.)

Researched nearby locations

Old Towne Orange / Plaza (approx. 0.5-1.0 mi)
Chapman University (approx. 1.5-2.5 mi)

Location

1514 E Palm, Orange, CA 92866

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

Good access to neighborhood parks, walking routes and Old Towne amenities; outdoor upgrades on the large lot are feasible and would enhance lifestyle.

ElementaryHandy Elementary School (Orange Unified) — estimated rating 6/10
Middle schoolRichland Intermediate / Cerro Villa Middle (Orange Unified) — estimated rating 6/10
High schoolEl Modena High School (Orange Unified) — estimated rating 6/10
School districtOrange Unified School District
Market context

A factual market snapshot around E Palm.

Median sale price$1,000,000
Avg days on market28 days
Inventory2.5 months
1-year appreciation300.0%
5-year appreciation1800.0%
Editorial market perspective

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.

Zoning & land use

Single-family residential; typical building and lot standards for detached homes

Zoning

Zoning codelikely R1 (Single-Family Residential) - to be verified with city
DescriptionSingle-family residential; typical building and lot standards for detached homes
JurisdictionCity of Orange
Current useResidential
SetbacksSetbacks will follow City of Orange R1 standards; lot depth/width not provided — verify with city planning

Research-indicated uses

  • Single Family Dwelling
  • Accessory Dwelling Unit (ADU) Subject To State & Local Regulations
  • Major Remodels And Additions Subject To Permitting And Setback Requirements
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Research findings & due diligence

What the research supports — and what is still worth verifying.

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
Highlights & features

What stands out about this property.

01Large 8,056 sqft lot — rare for the area
02Single-story 3BR/2BA — practical living with expansion potential
03Close proximity to Old Towne Orange and Chapman University
04Active listing at $1,299,998 with AVM closely aligned

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
https://www.redfin.com/CA/Orange/1514-E-Palm-Ave-92866/home/4400457View source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.