16 days on rocket

5242 E Lomita Ave, Orange, CA, 92869

$449,000

0.59 Acres
Land
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
ViewCity Lights, Other, Hills
MLS #PW24074238
Lot Size0.59 Acres
StatusActive

About 5242 E Lomita Ave

We welcome you to drive up the tree-lined road to find this private and secluded parcel in the sought-after hillsides of East Orange. With gorgeous sunsets and 180-degree panoramic views stretching from the LA beaches to Catalina Island and beyond, you will also find yourself surrounded by multi-million-dollar homes and fantastic neighbors. The possibilities are endless, as you can develop several homes on the land, add ADUs to the builds, or build your ultimate dream compound. We also offer the adjacent lot, owned by our same Seller. These are the last few buildable lots left in this area. No Mello-Roos tax, no HOA fees, nor restrictions. The land formation is solid bedrock. All utilities are available. Ask us about the well and the bonus lot! Designed by acclaimed Laguna Beach architect, David M. Parker AIA, Seller has approved plans from the City of Orange Planning for a 4BR, 4.5 Baths, 4500 sf, 2 story custom estate with in-ground soaking jacuzzi spa and elevator! Seller offers a topographic map, land survey report, septic water treatment design and geological and soil reports in escrow. All plans and reports are included in the price. The most accurate GPS to use to get to property is AppleMaps. If using GoogleMaps, please take Rancho Santiago Blvd to get to Lomita Avenue. Buyer is responsible for Buyer’s own due diligence with regards to all information provided by RedTree Realty and its affiliated Brokerages. SELLER PREFERS TO SELL ALONG WITH 5212 E. LOMITA AVE, APN 379-141-44.

Property Details

Property Features

Listing Office:

  • Office Name: RedTree Realty Inc
  • Office Phone: (714) 981-3524
  • Listing Agent: Ann Mai

Exterior Features

Exterior Information:

  • View: City Lights, Other, Hills

Lot Features

Lot Information:

  • Lot Size: 0.59 Acres

School Info

Assigned Schools Information:

  • El Modena High School, Public Magnet Grades 9-12
  • Linda Vista Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Turn right onto Lomita Ave from Rancho Santiago Blvd and land will be on the right, at the fork

Price Information

Listing Price Info

Price Summary:

  • List Price: $449,000

Tax Information:

  • Annual Amount: $3,451
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Orange, CA.

Med. Sold Price

$978.3K

Med. Price/SqFt

$583

Avg. Days On Market

14

# of Sold Homes

59

5242 E Lomita Ave vs Orange

16 DAYS ON ROCKET

+2 Days

$449,000

-$529.3K Less

KEY TAKEAWAY

This property is $529.3K less than the Median Sold Price in Orange, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24074238

Listing Office:

  • Office Name: RedTree Realty Inc
  • Office Phone: (714) 981-3524
  • Listing Agent: Ann Mai

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 11:20:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 30, 2019Home Sold
$325,000
Aug 02, 2004Home Sold
$75,000
Feb 18, 2000Home Sold
$12,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,451$328,367
2020$3,419$325,000
2019$986$93,710
2018$987$91,873
2017$945$90,072

History based on county public records data.

Payment Calculator

$2,308

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,413

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3979418
8
/10
  • Linda Vista Elementary School

  • 1200 N Cannon St

  • 0.50 miles

  • Public District Grades KG-6

High School

school-card-donut-3979419
6
/10
  • El Modena High School

  • 3920 E Spring St

  • 1.08 miles

  • Public Magnet Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $126,346. Typical income of Orange, CA residents is between $100k-200k annually. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5242 E Lomita Ave

What is the listing price of this property?

The listing price of 5242 E Lomita Ave property is $449,000.

What type of property is this?

The property 5242 E Lomita Ave is land located in Orange, California, 92869.

Is this property for sale now?

Active Listing: 5242 E Lomita Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5242 E Lomita Ave are:
Linda Vista Elementary School: GreatSchools Rating 8/10
El Modena High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,451 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 30, 2019 for $325,000. (source: MLS/tax record).

How much acreage is this property?

The property 5242 E Lomita Ave is 0.59 acres.
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Rocket HomesCaliforniaOrange CountyOrange928695242 E Lomita Ave

This home is located at 5242 E Lomita Ave in Orange, CA and zip code 92869. This home sits on a 0.59 acre lot. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $449,000.

In March 2024, from all listings sold in Orange, CA there were more than 29 sold above asking price, over 16 sold below and more than 14 were sold right at the asked price. Between February 2024 and March 2024, Orange, CA real estate market has seen decrease in the number of listings by 10.5%. In March 2024 median list price was $978,333 and the average listing age was 14 days.

From Rocket Homes Real Estate and based on county public records data.

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