15 Bascom, Irvine, California 92612, Irvine, 92612 - 3 bed, 2 bath
15 Bascom
Irvine, California 92612
Property Price
SUMMARY
Analysis of 15 Bascom, Irvine, California 92612 reveals a property with a current list price of $1,890,000, which is 24% above the estimated $1,519,397 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Irvine Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property, built in 1965, benefits from recent cosmetic updates including new flooring and fresh interior paint, making it move-in ready. However, the kitchen and bathrooms, while clean and functional, feature styles (e.g., cabinet design, tile choices) that appear to be 15-20 years old, showing signs of being outdated rather than extensively renovated within the last 5-15 years. The listing description itself notes 'potential for comprehensive modernization' for these areas and highlights the age of original systems (HVAC, plumbing, electrical) as a potential weakness. This combination places the property in the 'Fair' category, indicating it is well-maintained but requires minor updates to meet current aesthetic standards and potentially address older major systems.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
- Exceptional University Park Location
Prime location in the heart of University Park, offering unparalleled walkability to top-rated schools (middle and high), community parks, and the library, with easy access to shopping, dining, UCI, and William R. Mason Regional Park.
- Desirable Single-Story & Flexible Layout
A rare detached single-story home featuring soaring ceilings, an efficient open layout, and a versatile den easily convertible to a third bedroom, catering to various lifestyle needs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Recently Sold Property
The property was recently sold within the past year on 2025-02-20. The sold price is $1,600,000.00.
- Original Construction Year (1965)
Built in 1965, the home's age may indicate original systems (e.g., plumbing, electrical, HVAC) that could require future inspection, maintenance, or upgrades to meet modern standards.
About 15 Bascom
New Flooring & Fresh Interior Paint! Welcome to a rare opportunity in the heart of University Park at 15 Bascom Street. Nestled in a charming neighborhood just steps from the park, this detached single-story home offers soaring ceilings and an efficient, open layout. The residence features 2 bedrooms, 1 den (easily convertible into a third bedroom), and 2 bathrooms, along with two separate garages located in two detached structures—an uncommon and highly desirable feature. Meticulously maintained, the home provides a wonderful canvas to personalize and make your own, with endless possibilities to match your style. The den also functions perfectly as a home office, ideal for today’s remote work lifestyle. Enjoy a prime location close to respected schools, eclectic shopping, fine dining, and vibrant entertainment. Residents can walk to the elementary school, middle school, library, and multiple community parks. Conveniently located near the prestigious William R. Mason Regional Park, UCI, golf courses, and major shopping destinations, this home invites you to envision your future in the sought-after University Park community.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 5,000 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $158.0 / Month
Neighborhood Insights
Irvine Unified Schools
University Park Elementary School
Grades K-6 • 0.3 mi
Rancho San Joaquin Middle School
Grades 7-8 • 0.9 mi
University High School
Grades 9-12 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 1,592 | 1,701 | 50% |
| Lot Size | 5,000 | 4,559 | 59% |
| Price | $1.89M | $1.50M | 68% |
| Price per sq ft | $1.2K | $924 | 86% |
| Built year | 1965 | 1974 | 14% |
| HOA | $158.0 | $294 | 5% |
| Days on market | 35 | 191 | 5% |
Pricing History
Listed for Sale
Jan 31, 2026
$1,890,000
Initial Listing
Sold
Feb 20, 2025
$1,600,000
Public Record
Sold
Apr 20, 2023
$1,210,000
Public Record