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521 S Lyon Street 11, Santa Ana, California 92701, Santa Ana, - bed, bath

home-pic
ACTIVE$506,000
521 S Lyon Street 11, Santa Ana, California 92701
2Beds
2Baths
980Sqft
348,571Lot
Year Built
1964
Close
-
List price
$506K
Original List price
$550K
Price/Sqft
-
HOA
$443.52
Days on market
-
Sold On
-
MLS number
OC25130992
Home ConditionGood
Features
Good View: Meadow
Patio
ViewMeadow

About this home

Motivated Seller. Located within the gated community of Saddleback Park Villas, this remodeled townhouse overlooks an expansive manicured lawn with no front neighbors. Zoned for Tustin Unified School District! California Distinguished School Arnold O. Beckman High School. Upon entering the home you will see upgraded luxury vinyl plank flooring through out whole house, open floor plan. Kitchen was totally renovated with beautiful quartz countertop with plenty cabinetry,  dining area, making meal preparation and dining a delightful experience. New water heater, windows, lighting, recessed lights, fans, whole house new painting.  Enjoy your private patio outside the kitchen area. The two bedrooms are upstairs sharing one full bathroom. The community amenities include pool, picnic area, playground, and clubhouse. Located in the heart of Orange County, this home is minutes from MainPlace Mall, Historic Downtown Santa Ana, the Discovery Cube, Santa Ana Zoo, and Tustin Market Place, just minutes from the 5 & 55 freeways, a short distance to schools, shopping and restaurants. NO MELLO-ROOS tax, and low HOA fees.

Price History

Date
Event
Price
10/11/25
Price Change
$506,000-1.9%
10/09/25
Price Change
$516,000-0.4%
09/28/25
Price Change
$518,000-0.2%
09/26/25
Price Change
$519,000-1.1%
09/03/25
Price Change
$524,999+1.2%
08/31/25
Price Change
$519,000-1.1%
08/22/25
Price Change
$525,000-3.7%
08/17/25
Price Change
$545,000-0.9%
07/25/25
$550,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (2 Listings)
Beds22
50%
Baths22
50%
Square foot9801,583
33%
Lot Size348,57179,036
67%
Price$506K$645K
33%
Price per square foot$516$407
67%
Built year19642006
33%
HOA$443.52$435
67%
Days on market103188
33%
Condition Rating
Good
This townhouse, built in 1964, has undergone extensive and recent renovations, including a 'totally renovated' kitchen with modern white shaker cabinets, quartz countertops, and stainless steel appliances. The bathrooms are also updated with contemporary fixtures and vanities. New luxury vinyl plank flooring, fresh paint, new windows, a new water heater, and updated lighting/fans contribute to a very modern and move-in ready aesthetic. However, the presence of a window AC unit in a bedroom suggests a lack of central air conditioning, which is a significant system that does not meet current quality standards for a truly 'Excellent' rated, extensively renovated property. While the cosmetic and many functional updates are top-tier, this major system limitation places it firmly in the 'Good' category.
Pros & Cons

Pros

Extensive Recent Renovations: The townhouse has undergone significant modern upgrades including luxury vinyl plank flooring, a fully renovated kitchen with quartz countertops, new water heater, windows, lighting, and paint, offering a move-in ready experience.
Gated Community with Rich Amenities: Located within the secure Saddleback Park Villas, residents benefit from a gated environment and access to a pool, picnic area, playground, and clubhouse.
Highly-Rated School District: Zoned for the Tustin Unified School District, including the prestigious California Distinguished School Arnold O. Beckman High School, which is a strong selling point for families.
Strategic Orange County Location: Positioned in the heart of Orange County, providing convenient access to major freeways (5 & 55), shopping centers (MainPlace Mall, Tustin Market Place), dining, and local attractions.
Favorable Financial Structure: The property benefits from no Mello-Roos tax and low HOA fees, contributing to more affordable long-term ownership costs.

Cons

Older Construction Year: Built in 1964, the property's age, despite recent cosmetic renovations, may imply potential for older underlying infrastructure (e.g., plumbing, electrical systems not explicitly updated) that could require future maintenance.
Limited Bathroom Configuration: The layout specifies two upstairs bedrooms sharing a single full bathroom, which could be a functional limitation for multiple occupants or guests, impacting convenience and privacy.
History of Price Reductions: The listing's 'Motivated Seller' status and a series of price reductions from $550,000 to $506,000 suggest potential market resistance or an initial overvaluation, which might raise buyer concerns about value.

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