Santa Ana: Single Family Homes for less than $300k
I noticed something in today’s price reductions… you can buy yourself a single family home in Orange County for less than $300,000. Sure, it’s in Santa Ana, but even a few years back you were not able to get your hands on anything single family for less than $450,000, not even in Santa Ana. Most homes under $300k are in Santa Ana now, but I’m sure it’s not for long. Just consider Santa Ana as the “trend setter” for price reductions for the County.
518 S Ross St, Santa Ana 92701
3 bed/1 bath; 1,246 sq ft; built in 1921
Price History:
Aug 21, 2008: Listed for $325,000
Sep 9, 2008: Reduced to $308,750
Sep 29, 2008: Reduced to $293,312 (down 21.0% from original)
2329 W Borchard Ave, Santa Ana 92704
3 bed/1 bath; 1,011 sq ft; built in 1950
Price History:
Jan 29, 2008: Listed for $520,000
Feb 23, 2008: Reduced to $499,900
Feb 27, 2008: Reduced to $439,900
Mar 19, 2008: Reduced to $352,900
May 22, 2008: Reduced to $325,000
Aug 13, 2008: Reduced to $305,000
Aug 20, 2008: Reduced to $300,000
Aug 25, 2008: Reduced to $299,999
Sep 29, 2008: Reduced to $289,900 (down 44.3% from original)
2313 W Anahurst Pl, Santa Ana 92704
3 bed/2 bath; 1,202 sq ft; built in 1958
Price History:
Jul 31, 2008: Listed for $380,000
Aug 4, 2008: Reduced to $350,000
Aug 7, 2008: Reduced to $320,000
Aug 11, 2008: Reduced to $309,000
Sep 29, 2008: Reduced to $280,000 (down 26.3% from original)
2074 S Standard Ave, Santa Ana 92707
2 bed/1 bath; 785 sq ft; built in 1946
Price History:
Aug 19, 2008: Listed for $219,900
Sep 10, 2008: Reduced to $212,900
Sep 29, 2008: Reduced to $204,900 (down 6.8% from original)
Talyssa said:
Hi Julie,
That Anahurst house seems like a great find. I’m actually thinking I might want to go take a look.
Honestly though, santa ana home prices probably SHOULD be under 300. There was a LOT of bubble fraud there which gave us all a kind of inflated idea of how much stuff is worth, but the neighborhoods are pretty mixed. There are a lot of completely trashed eyesores mixed in with the nicer homes, and its like a 50/50 ratio in that area.
I think considering the income and makeup of the area a small house for 280 about right. The average household income there is 45k. Assuming great credit, no debt, a downpayment, and a willingness to go as high as a 36% ratio… you’re still looking at no more than 250k place?
Something like that.
October 3, 2008 1:47 PM
Julie Lance said:
Anahurst does look like a nicer home for that area. They must be using it for daycare, hence all the play stuff/murals. The bones of the house, though, look to be well cared for, which is a big plus for any moderately priced home in Santa Ana.
I’d still question how much Santa Ana will fall before leveling off… this home could go below $250k… we just don’t know yet.
If you’re going to stay there a long time, then, I say, go for it… as long as you’re okay with the neighborhood.
October 3, 2008 2:42 PM