137 Terrapin, Irvine, California 92618, Irvine, 92618 - 3 bed, 3 bath
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137 Terrapin
Irvine, California 92618
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
3Beds
3Baths
2,103Sq Ft
4,000Lot Size
Property Price
LIST PRICE$1,298,000
EST. MARKET VALUE
$1,325,767
SUMMARY
This Turnkey Townhouse represents a Prime Investment Opportunity, listed at $1,298,000—positioned well below the $1,325,767 Fair Market Value by 2%. This valuation gap provides $27,767 in Instant Equity. With a Mint Condition Rating, this 2017-built residence features a modern kitchen and a private patio. Located in the elite Irvine Unified School District near top-rated schools like Northwood High, this home is an ideal acquisition for Owner-Occupants or first-time buyers seeking a sophisticated, low-maintenance lifestyle.
Estimated Market Value
$1,325,767
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 |
|---|---|---|---|---|---|---|
★ 137 Terrapin Subject | $1,298,000* List Price | 3 | 3 | 2,103 | $630 | - |
A 330 Magnet Sold | $1,385,000 | 3 | 3 | 1,906 | $727 | 0.1 mi |
B 149 Acamar Sold | $1,250,000 | 3 | 3 | 1,734 | $721 | 0.3 mi |
C 111 Fixie Sold | $1,360,000 | 3 | 3 | 1,734 | $784 | 0.5 mi |
D 179 Cadence Active | $1,174,800 List Price | 3 | 4 | 2,017 | $582 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2017, this property is less than 10 years old and remains in mint condition. The kitchen features modern white cabinetry, stone countertops, and stainless steel appliances. The interior shows contemporary flooring and recessed lighting throughout, with systems and exterior maintenance consistent with a newer construction home.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Portola Springs Elementary (9/10). Middle School: Jeffrey Trail Middle (9/10). High School: Northwood High School (9/10).
- Prime Community Amenities
Situated in the prestigious Great Park neighborhood, the home is walking distance to world-class sports facilities, trails, and the upcoming T&T Supermarket and retail hub.
- Flexible & Spacious Layout
Boasting over 2,100 sqft with no neighbors above or below, the floor plan includes a versatile downstairs office that can easily function as a fourth bedroom.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $560 per month is relatively high, which may impact the overall affordability and debt-to-income ratio for some buyers.
- Townhouse Classification
Despite its spacious interior and yard, the property is classified as a townhouse, which may face stiff competition from detached single-family homes at a similar price point.
About 137 Terrapin
An expansive open floor plan in a TWO-STORY home! NO NEIGHBORS ABOVE OR BELOW! This 3-bedroom, 2-bathroom residence offers a bright and spacious atmosphere typically reserved for higher-end properties. The main level features a seamless flow between the living, dining, and kitchen areas. Downstairs, you'll find a versatile office that can easily serve as a fourth bedroom, offering flexible living options for guests or extended family. The home also includes a good-sized yard with low-maintenance artificial turf—perfect for relaxation, entertaining, or letting the kids and pets run around without the hassle of constant upkeep. An attached two-car garage with direct interior access adds everyday convenience. The property falls within the highly regarded Irvine Unified School District. Just a short walk away, you'll find the Great Park Balloon and an extensive Sports Complex with over 25 lighted tennis courts, soccer and lacrosse fields, basketball and volleyball courts, playgrounds, trails, Great Park Ice & FivePoint Arena, and year-round community events. Upcoming retail and dining options are also nearby, including The Canopy at Great Park and the highly anticipated T&T Supermarket. Commuting is straightforward with easy access to the I-5 and 133 toll road. This home combines thoughtful design, practical functionality, and prime access to Irvine's most vibrant community amenities. This is where you call home.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 2017
- Lot Size
- 4,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $560.0 / Month
Neighborhood Insights
Irvine Unified Schools
Portola Springs Elementary
Grades K-6 • 1.8 mi
9/10
Cypress Village Elementary
Grades K-6 • 3.2 mi
7/10
Rancho Canada Elementary School
Grades K-6 • 3.7 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.6 |
| Baths | 3.0 | 2.6 |
| Square foot | 2,103 | 1,612 |
| Lot Size | 4,000 | 50,163.722 |
| Price | $1.30M | $1.15M |
| Price per sq ft | $617 | $748 |
| Built year | 2017 | 1998 |
| HOA | $560.0 | $376 |
| Days on market | 34 | 57 |
Pricing History
Listed for Sale
Aug 6, 2026
$1,298,000
Initial Listing
Sold
Oct 18, 2017
$850,000
Public Record