Feast or Famine: Another Fairmeadow Eichler Hits the Market

ANOTHER Fairmeadow Eichler came on the market yesterday. Combining that with the one the flip that came back on the market and the new listing on the same street — that makes for three currently active and we have a line on another home that will be coming up soon. So what does this mean for the market? And how does the new one stack up? We’ll be heading there later this week (probably with some clients) to check it out. It’s priced at the now-ubiquitous $899k and is a good sized, larger Glendale model (this means a little bigger, a unique facade, and a two-car garage).

This is an interesting house because it brings up a much bigger discussion. A house like this is an “in-betweener.” It has upgrades: newer plumbing, redone kitchen, redone baths, mini-split A/C. But the kitchen, baths, and flooring are probably not going to be your favorite. So the question arises…do you go for a home like this that has some good upgrades and some not-so-good upgrades, or do you want to start with the home that has less done do it for less money — since you’ll be redoing the kitchen and baths anyway? It’s a tough one and the reason why sometimes these “in-betweener” homes can prove to be the hardest to sell.

This house has the basic right ingredients — it doesn’t back to a street. It has a good floorplan. But it’s missing that X-factor — the desirability that makes you want to run out and own an Eichler homes. The substandard photography certainly doesn’t help. Eichler homes (and most other architectural homes, for that matter) are unique. You’re buying an architectural home because it’s an inspiring place to live. The result is that crappy homes go for cheap and magazine-worthy homes go for top dollar. The spread between those two is unusually large. With homes like this, somewhere in the middle, it’s always tricky to gauge just how much someone will pay for a home that has the right ingredients, but doesn’t really sell the dream of Eichler ownership.

With that said, it’s not all bad news. This home is a great foundation and at the right price, I think it could be an excellent start to that Eichler dream. Contact us for a private showing.

545 E Glendale Avenue, Orange, CA 92865 (MLS # WS16109803)

(all data current as of 8/19/2017)
Price $859,000
Beds 4
Baths 2 baths
Home size 1,872 sq ft
Lot Size 8,712 sqft
Days on Market 169
Status Sold
Own a classic Mid-Century Modern home! This Claud Oakland designed Eichler home in the desirable Fairmeadows tract, conveniently located one block from Taft Elementary School and Schaffer Park in Orange. As the largest floor plan in the tract, this 1,872 sf four bedroom, two bath home boasts a two car garage and a spacious backyard that backs up with plenty of lovely foilage against a flood control channel, so you get plenty of quiet privacy. This home has working radiant floor heating so your feet feel nice and warm during the winter months. It also has a super energy efficient mini-split AC/heater unit in every room, so you control the exact temperature in each room. Updated recently with a brand new roof, new copper plumbing and large water heater. Kids will love the bonus modern tree house in the back yard hand-built by an architect.

Property Type(s): Single Family

Last Updated 11/8/2016 Tract Other (OTHR)
Year Built 1963 Community 75 - Orange, Orange Park Acres
Garage Spaces 2.0 County Orange
Total Parking n/a

Additional Details

Lot 0.20 Area 75 - Orange, Orange Park Acres
HOA Dues 0 Parking Spaces: 2.00
Pool Description None Subdivision Other (OTHR)
Utilities Sewer Available View Description None
Water Public

Features

Air Zoned
Air Conditioning Yes
Fireplace Yes
Garage Yes
LotDescription Back Yard

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : GARY KARASAWA, MARK III PROPERTIES

(view all details for MLS #WS16109803)

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