12 Lago Norte, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath
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12 Lago Norte
Irvine, California 92612
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,454Sq Ft
72,986Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$1,011,344
3% AboveMARKET VALUE
SUMMARY
This Rancho San Joaquin Condominium is a Strong Value Opportunity, listed at $1,050,000—positioned well above the $1,011,344 Fair Market Value by 3%. While priced slightly above market, the property offers a Condition Rating of 4, providing a move-in ready space with Golf Course Views and a versatile Office/Third Bedroom layout. Located in the Irvine Unified School District with proximity to top-rated schools, this home balances lifestyle appeal with long-term stability. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a premium Irvine location.
Estimated Market Value
$1,011,344
Based on Realkey algorithm analyzing recent comparable sales in Irvine.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12 Lago Norte Subject 2 bd · 2 ba · 1,454 sqft · $696 | $1,050,000* List Price | 2 | 2 | 1,454 | $696 | - |
A 3 Montanas Este Sold 3 bd · 2 ba · 1,441 sqft · $743 · 0.1 mi | $1,070,000 | 3 | 2 | 1,441 | $743 | 0.1 mi |
B 27 Palos 63 Sold 3 bd · 3 ba · 1,897 sqft · $659 · 0.1 mi | $1,250,000 | 3 | 3 | 1,897 | $659 | 0.1 mi |
C 34 Exeter Sold 2 bd · 1 ba · 917 sqft · $845 · 0.6 mi | $775,000 | 2 | 1 | 917 | $845 | 0.6 mi |
D 24 Vassar Aisle Sold 2 bd · 2 ba · 1,017 sqft · $864 · 0.5 mi | $878,818 | 2 | 2 | 1,017 | $864 | 0.5 mi |
E 23 La Serena Active 3 bd · 2 ba · 1,507 sqft · $730 · 0.2 mi | $1,100,000 List Price | 3 | 2 | 1,507 | $730 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1974 (50 years old). While the unit is well-maintained and move-in ready, the bathroom features dated elements including Hollywood-style light bars, older cabinetry, and fixtures consistent with a renovation performed 15-30 years ago. No mention of recent HVAC or electrical system upgrades.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Golf Course Location
This ground-level end unit offers serene, unobstructed views of the Rancho San Joaquin Golf Course and a peaceful pond, providing a tranquil and premium outdoor living experience.
- Versatile Floor Plan
The inclusion of a dedicated office with a closet allows for easy conversion into a third bedroom, offering excellent flexibility for families, remote workers, or guest accommodations.
- Exceptional Accessibility and Privacy
As a ground-level end unit, the property ensures easy access without stairs and benefits from increased natural light and enhanced privacy compared to interior units.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $749 per month is relatively high, which may impact the overall affordability and debt-to-income ratios for prospective buyers.
- Aging Infrastructure
Built in 1974, the property and community may require ongoing maintenance or updates to systems and common areas to meet the standards of newer Irvine developments.
About 12 Lago Norte
Welcome to this beautifully 2 bedroom + OFFICE situated ground-level end unit overlooking the golf course in the desirable Rancho San Joaquin community. This 2-bedroom, 2-bathroom home with a versatile office offers an open and comfortable layout, abundant natural light, and peaceful golf-course views. The kitchen with a dining area opens directly to the living room, creating an inviting space for everyday living and entertaining. Step outside from the living room onto your patio and enjoy beautiful golf-course views, with a peaceful pond and birds swimming right outside your home. The primary bedroom also features a sliding glass door leading directly to the patio, bringing the beautiful outdoor setting into your everyday life. The guest bathroom features a walk-in shower with jacuzzi features. The separate office can easily be used as a third bedroom, with a good-sized closet, providing flexibility for guests, a home office, or additional living space. Rancho San Joaquin offers wonderful community amenities, including two swimming pools, spas, a clubhouse, and EV charging stations. Association dues include water and trash, adding convenience and value. The location is hard to beat, with easy access to Rancho San Joaquin Golf Course, William Mason Regional Park, shopping, restaurants, UC Irvine, major freeways, John Wayne Airport, Newport Beach, and Fashion Island. The property is also conveniently close to the Racquet Club of Irvine, Rancho Senior Center, and Wholesome Choice shopping center. Come enjoy the peaceful golf-course setting, convenient ground-level living, and everything this desirable Irvine location has to offer. ASK ABOUT POTENTIAL FINANCING OPTIONS THROUGH A PREFERRED LENDER, INCLUDING A POSSIBLE INTEREST-RATE BUYDOWN, SUBJECT TO QUALIFICATION AND PROGRAM AVAILABILITY. SCHEDULE YOUR PRIVATE TOUR TODAY!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 72,986 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $749.0 / Month
Neighborhood Insights
Irvine Unified Schools
University Park Elementary School
Grades K-6 • 0.8 mi
6/10
Rancho San Joaquin Middle School
Grades 7-8 • 1.4 mi
9/10
University High School
Grades 9-12 • 0.9 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,454 | 1,685.105 |
| Lot Size | 72,986 | 42,358.594 |
| Price | $1.05M | $1.21M |
| Price per sq ft | $722 | $740 |
| Built year | 1974 | 2010 |
| HOA | $749.0 | $280 |
| Days on market | 5 | 61 |
Pricing History
Listed for Sale
Oct 20, 2026
$1,050,000
Initial Listing
Sold
Jun 6, 2002
$375,000
Public Record
Sold
Aug 29, 1997
$220,000
Public Record