501 S Parker Street, Orange, California 92868, Orange, 92868 - 5 bed, 4 bath

501 S Parker Street, Orange, California 92868 home-pic-0
ACTIVE UNDER CONTRACT$2,577,000
501 S Parker Street, Orange, California 92868
5Beds
4Baths
2,889Sqft
21,870Lot
Year Built
1909
Close
-
List price
$2.58M
Original List price
$3.27M
Price/Sqft
$892
HOA
-
Days on market
-
Sold On
-
MLS number
PW25191901
Home ConditionGood
Features
Pool
Spa
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $2.58M(97th), sqft - 2889(97th), beds - 5(86th), baths - 4(92th).

Step into history and timeless artistry with this extraordinary one of a kind property. The 1909-built Craftsman home offers 5 bedrooms and 3 bathrooms across a sprawling, one-of-a-kind estate. Every detail truly tells a story! Inside, custom wood flooring guides you through the first floor where multiple living spaces invite both comfort and connection. A warm family room with a cozy fireplace anchors the home which is highlighted by hand-milled wood vaulted ceilings featuring a striking wood beam that was carefully chosen and floated down the Mississippi River on its journey to being specifically placed. Overlooking the family room and backyard, the chef’s kitchen offers everything a modern entertainer could dream. The main floor primary suite is a true retreat. Featuring generous closets, a designer ensuite bath and a private enclosed patio with a custom outdoor patio and Jacuzzi. Finishing off downstairs, a versatile bedroom (currently used as an office) overlooking the stunning backyard, a laundry room, powder room and living room. Upstairs, you’ll find three well-sized bedrooms, a flexible common space perfect for reading or hobbies and a full bathroom with a luxurious Jacuzzi tub. Between the main residence and the former garage lies a beautifully manicured courtyard. The former approx. 420 square foot garage has been fully finished, creating the perfect bonus living area with ADU potential, an entertainment lounge or a game room. The backyard is an entertainer’s paradise, complete with a custom-built outdoor kitchen and BBQ, all centered around a sparkling saltwater pool. Beyond the pool sits a private approx. 552 square foot 1-bedroom, 1-bath casita featuring a modern kitchen, study nook, walk-in closet, laundry and its own serene garden and patio. Behind the casita, an additional structure providing the ideal setting for a private office or creative studio. Two newer garages with space for 4+ vehicles, a workshop and a massive upstairs storage area add to the property’s functionality. Surrounding it all shaded walking paths meander through lush gardens with avocado, persimmon trees, fountains and even an Australian Chestnut rivaling those found in Disneyland. Perfectly situated near Old Towne Orange, CHOC and St. Joseph’s Hospitals, shopping, dining, and freeway access, this estate is more than a home - it’s a rare masterpiece blending history, character, and modern convenience.

Price History

Date
Event
Price
10/05/25
Price Change
$2,577,000-13.4%
09/26/25
Price Change
$2,975,000-9.0%
09/02/25
Listing
$3,270,000
Condition Rating
Good

This 1909-built Craftsman home is exceptionally well-maintained and has undergone significant renovations in many key areas, making it largely move-in ready. The primary bathroom and the casita's kitchen and bathroom are modern and in excellent condition. Hardwood flooring throughout the main living areas is well-kept, and the exterior, landscaping, and additional structures are pristine. However, the main house's kitchen, while functional and clean, features dated blue tile countertops and traditional cabinets, which would likely be a priority for aesthetic updates for many buyers seeking a truly 'modern entertainer's dream' as described. Despite this, the overall quality, extensive amenities, and modern updates in other critical areas elevate its condition beyond 'Fair'.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21870, living area = 2889.
Historic Craftsman Architecture & Unique Character: A 1909-built 'extraordinary one of a kind' Craftsman home, showcasing 'timeless artistry' and 'hand-milled wood vaulted ceilings,' offering a rare blend of history and character.
Extensive Auxiliary Structures & ADU Potential: Includes a fully finished bonus living area (former garage with ADU potential), a private 552 sqft 1-bed/1-bath casita with its own kitchen and garden, and an additional office/studio structure, providing immense versatility and income potential.
Luxurious Outdoor Entertainment Oasis: Features an 'entertainer’s paradise' backyard with a custom-built outdoor kitchen, BBQ, sparkling saltwater pool, and beautifully manicured lush gardens with mature fruit trees and fountains.
Spacious & Versatile Interior Layout: Offers 5 bedrooms, 3 bathrooms, multiple living spaces, a chef's kitchen, a main floor primary suite, and a flexible common space upstairs, catering to diverse living needs.
Prime Location & Accessibility: Strategically located near Old Towne Orange, major hospitals (CHOC, St. Joseph’s), extensive shopping, dining options, and convenient freeway access.

Cons

Age-Related Maintenance & Potential System Updates: As a 1909-built property, despite its charm, it may require ongoing specialized maintenance and potential updates to older systems (e.g., plumbing, electrical, HVAC) not explicitly detailed as modernized throughout.
High Ongoing Maintenance Costs: The 'sprawling, one-of-a-kind estate' with extensive landscaping, multiple structures, and a pool implies significant ongoing costs for upkeep, gardening, and utility management.
Significant Price Adjustments: The property has undergone substantial price reductions from its original list price of $3.27M to $2.577M, which could indicate an initial overvaluation or market perception challenges.

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