1510 Timberwood, Irvine, California 92620, Irvine, 92620 - 2 bed, 3 bath
ACTIVE$1,025,000
1510 Timberwood, Irvine, California 92620
2Beds
3Baths
1,400Sqft
453,377Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location & Gated Community: Located in Irvine's highly desirable Northwood Pointe, within a secure 24-hour gated community (Collage Collection), offering exclusivity and peace of mind.
Top Cons:
Monthly HOA Dues: The property is subject to a $350 monthly association fee, which adds to the overall cost of homeownership.
Compared to the nearby listings
Price:$1.02M vs avg $1.48M ($-459,000)23%
Size:1,400 sqft vs avg 1,718 sqft31%
Price/sqft:$732 vs avg $85315%
More Insights
Built in 2001 (24 years old).
Condition: The property, built in 2001, is 23 years old. While it is exceptionally clean and well-maintained, the kitchen features dated light wood cabinets and white appliances (range, microwave), which are functional but not modern. The main bathroom's tile and fixtures also appear to be original to the build year. Some updates, such as newer flooring in certain areas (bedrooms, half bath) and a stainless steel refrigerator, have been made, but the property has not undergone a full recent renovation. Major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria.
Year Built
2001
Close
-
List price
$1.02M
Original List price
$1.04M
Price/Sqft
$732
HOA
$350
Days on market
-
Sold On
-
MLS number
OC25070535
Home ConditionFair
Features
Good View: Trees/Woods
Patio
ViewTrees/Woods
About this home
Make 1510 a DONE DEAL! Selller has found another property for 1031 exchange and is motivated! Incredible location in 24 hour gated Collage Collection by DR Horton Homes. This amazingly designed 2 bedrooms, 2.5 baths plus loft/office area consists of almost 1,400 square feet with TWO separate single car garages. Enjoy state of the art amenities with a pool, spa and BBQ area within the gates AND Olympic swimming center at Meadowood Park less than 200 yards away. For you investors, this unit will lease in the $3500 to $4000 range. One of the best features is the location to TWO National Blue Ribbon award winning schools - Northwood high school and Canyon View elementary. The general area of Northwood Pointe has seen consistent increase in values above and beyond most similar areas and should for years to come. Submit an offer and start building your retirement!
Nearby schools
8/10
Canyon View Elementary School
Public,•K-6•0.0mi
9/10
Sierra Vista Middle School
Public,•7-8•1.2mi
9/10
Northwood High School
Public,•9-12•0.1mi
Condition Rating
Fair
The property, built in 2001, is 23 years old. While it is exceptionally clean and well-maintained, the kitchen features dated light wood cabinets and white appliances (range, microwave), which are functional but not modern. The main bathroom's tile and fixtures also appear to be original to the build year. Some updates, such as newer flooring in certain areas (bedrooms, half bath) and a stainless steel refrigerator, have been made, but the property has not undergone a full recent renovation. Major components are functional but show signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Prime Location & Gated Community: Located in Irvine's highly desirable Northwood Pointe, within a secure 24-hour gated community (Collage Collection), offering exclusivity and peace of mind.
Exceptional School District: Zoned for two National Blue Ribbon award-winning schools, Northwood High School and Canyon View Elementary, both within walking distance, making it highly attractive for families.
Abundant Amenities & Recreation: Residents benefit from state-of-the-art community amenities including a pool, spa, and BBQ area, plus immediate proximity to Meadowood Park's Olympic swimming center.
Strong Investment & Appreciation Potential: The property boasts high rental income potential ($3500-$4000/month) and is situated in an area with a history of consistent property value appreciation.
Motivated Seller & Functional Layout: The seller is highly motivated for a 1031 exchange, and the unit features a well-designed 2-bedroom, 2.5-bath layout with a versatile loft/office area and two separate single-car garages.
Cons
Monthly HOA Dues: The property is subject to a $350 monthly association fee, which adds to the overall cost of homeownership.
Limited Private Outdoor Space: As a condominium, the unit likely offers minimal private outdoor space, which may not appeal to buyers prioritizing a private yard or garden.
Unspecified Cooling System: The property description does not explicitly mention the presence of a cooling system (e.g., central air conditioning), which could be a consideration during warmer months in Irvine.