173 N Waverly A thoughtfully reimagined residence nestled in the highly desirable north east quadrant of the Old Town Orange Historic District where historic character, modern comfort, and future value converge. This home presents a rare, meaningful value-add opportunity to own a home in the Old Town Orange Historic District with more than $250, 000 invested across property improvements, planning, engineering, historic resource assessment completion, and approvals representing over 13 months of completed groundwork. Approved Planning Department and Design Review Committee plans envision an approximately 180-square-foot addition to the home and an approximately 300 sqft garage conversion ADU. The proposed home updates would create a future 3 bedroom, 3 bath home with a luxurious primary suite, walk-in closet, and spa-style primary bath. This would present the potential for a total of 4 bedrooms, 4 bathrooms and approximately 1, 729 square feet of living space on the premises. This is a significant value for a new owner with planning department approved plan sets and final building department review already underway. Currently, the updated the home features extensive improvements throughout and is being sold with a completed termite clearance. The new kitchen features quartz countertops and new GE appliances, while updated baths include custom tile, new shower valves, cabinetry and fixtures with a newly reglazed tub. Major system upgrades include new PEX plumbing, a new HVAC system and ducting throughout the home, and a Noritz tankless water heater. Professionally leveled floors, new laminate flooring, fresh interior texture and paint, and exterior paint provide a polished foundation for everyday living. The private grounds have been transformed into a lush English garden inspired retreat, with more than 80 new plants, commercial-grade Netafim drip irrigation, fresh mulch, and decomposed-granite pathways throughout the lot. Three mature, highly productive fruit trees (apple, orange, and lemon) complete the setting. Phenomenal location being a little over a 1/2 mile stroll to everything Old Town Orange whether local eats or shopping, approximately 3/4 mile to Chapman University, and 1 mile to the 55 freeway.