720 720 N Lacy, Santa Ana, California 92701, Santa Ana, - bed, bath

ACTIVE$265,000
720 720 N Lacy, Santa Ana, California 92701
0Bed
1Bath
390Sqft
8,000Lot
Year Built
1982
Close
-
List price
$265K
Original List price
$285K
Price/Sqft
-
HOA
$219.09
Days on market
-
Sold On
-
MLS number
PW25227068
Home ConditionFair
Features
View-
About this home
UPPER UNIT, NEW CERAMIC FLOORING, NEW PAINT. CATHEDRAL CEILING, , WALKING DISTANCE TO ALL AMENENITIES OF DOWNTOWN, BONUS ROOM ADDED.
Price History
Date
Event
Price
10/25/25
Price Change
$265,000-7.0%
09/29/25
Listing
$285,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (50 Listings) | |
|---|---|---|---|
| Beds | 0 | 2 | |
| Baths | 1 | 1 | 50% |
| Square foot | 390 | 825 | 2% |
| Lot Size | 8,000 | 208,289 | 2% |
| Price | $265K | $390K | 2% |
| Price per square foot | $679 | $505 | 84% |
| Built year | 1982 | 1976 | 80% |
| HOA | $219.09 | $413.24 | 4% |
| Days on market | 37 | 153 | 2% |
Condition Rating
Fair
The property was built in 1982, making it over 40 years old. While the description notes recent cosmetic updates such as 'NEW CERAMIC FLOORING' and 'NEW PAINT,' which are visible in the provided image, these are considered occasional updates rather than an extensive renovation. Crucially, there are no images or specific details provided for the kitchen or bathroom, which are key areas for assessing overall condition and style. Given the property's age, it's highly probable that the kitchen and bathroom, along with major systems (e.g., HVAC, plumbing, electrical), are either original or have undergone renovations 15-30 years ago, and would likely show signs of being outdated, even if functional. The visible living area appears clean and move-in ready due to the fresh paint and flooring, but the lack of information on critical areas prevents a higher score.
Pros & Cons
Pros
Prime Downtown Location: The property boasts an excellent location within walking distance to all downtown amenities, offering high convenience and an urban lifestyle.
Recent Cosmetic Upgrades: Features new ceramic flooring and fresh paint, reducing immediate buyer expenses for cosmetic improvements and presenting a move-in ready condition.
Architectural Appeal: The cathedral ceiling enhances the sense of space and adds a desirable aesthetic feature, making the unit feel larger than its square footage.
Functional Expansion: The addition of a bonus room provides valuable extra space, offering flexibility for an office, den, or additional storage.
Recent Price Adjustment: A recent price reduction from $285,000 to $265,000 indicates potential value and seller motivation, making it more attractive to prospective buyers.
Cons
Limited Living Space: With only 390 sqft, the unit offers extremely small living quarters, which may restrict occupancy and lifestyle options for many buyers.
Ongoing HOA Fees: The monthly association fee of $219.09 adds a significant recurring cost to homeownership, impacting overall affordability and cash flow.
Lack of Views: The property has no notable views, which can be a drawback for condominium living where views often contribute to desirability and value.