173 South Cypress Street - Old Towne Orange's Craftsman Trifecta!! Location. Quality. Tax savings. This turnkey historic 1916 Craftsman delivers all three - and it's ready for its next discerning owner. Just steps from the Orange Circle, this classic home sits in the heart of Old Towne, a short walk to the Plaza and the multitude of restaurants, shops, and events that make this neighborhood one of Orange County's most beloved. And thanks to its historic Mills Act status, ownership comes with substantial annual property tax savings, year after year. A Craftsman, reimagined with its full-width front porch, distinctive pillars, and classic gable roofline, announces this home's pedigree before you even step inside. Beyond the door, this home has been touched from top to bottom, blending true Craftsman character with the ease of modern living. The open living and dining area flows seamlessly into the kitchen - ideal for the way people actually live today. Gleaming hardwood floors run throughout, while stainless steel appliances and a spacious dining area (perfect for a table or breakfast nook) anchor the kitchen. Three bedrooms, thoughtfully finished, and two fully updated, luxurious bathrooms round out the interior, with each bedroom featuring ceiling fans and custom lighting. Gorgeous hardwood floors, crown molding and Craftsman-style woodworking add character throughout. The third bedroom offers flexible use as a nursery, home office, or guest space, and an inside laundry room adds everyday convenience. Last but not least, the amazing property offers outdoor living at its best! Step out back to a covered rear porch with ceiling fans and custom lighting - made for warm California summer nights. Beyond that, a covered pergola with a full outdoor kitchen and stainless steel appliances sets the stage for unforgettable summer barbecues and gatherings. The oversized new cement driveway offers potential for an ADU and RV parking. Timeless Craftsman charm, thoughtful updates, and a location that puts everything within reach, with property tax savings beyond compare. (Annual property taxes are only $3300 per year!) As a bonus, this property is zoned for either residential or commercial, so your opportunities are endless. Pack your bags and start living the Old Towne lifestyle today!