The sale of a 116-year-old bungalow in Old Towne Orange snatched up in a week has closed, with the property going for $855,315.
That was $25,415 above the asking price.
The remodeled, three-bedroom Craftsman at 225 East Palmyra Ave. quickly became subject to a bidding war, with four offers, said Tony Trabucco.
Listed on Aug. 19, the home was in escrow by the 25th.
Built in 1899, the house has original Douglas fir floors, an old-fashioned front porch and a historic carriage house. Modern features include an open floor plan, Sub-Zero refrigerator and an updated bathroom with marble counters and a jetted tub for two.
Fruit trees, vegetable gardens, and a pergola with an above-ground spa occupy the grounds.
The 1,336-square-foot house is covered by the Mills Act, which provides homeowners significant tax breaks for maintaining historical properties.
Courtesy of: OCRegister.com
Written by: Marilyn Kalfus