16 Alegria, Irvine, California 92620, Irvine, 92620 - 5 bed, 3 bath
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Irvine, California 92620
This Spacious Single Family Residence is a Prime Investment Opportunity, listed at $2,150,000—positioned well below the $2,197,241 Fair Market Value by 2%. This valuation gap offers $47,241 in Instant Equity. Featuring a Good Condition Rating with $100,000 in recent upgrades, including a new HVAC and roof, the home offers a versatile floorplan near Top-Rated Schools like Northwood High. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home in a prestigious community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16 Alegria Subject | $2,150,000* List Price | 5 | 3 | 2,864 | $767 | - |
A 15 Blue Ridge Sold | $2,189,888 | 5 | 3 | 2,717 | $806 | 0.7 mi |
B 3 Heatherwood Sold | $2,361,000 | 5 | 4 | 2,804 | $842 | 0.3 mi |
C 13802 Margene Sold | $2,255,000 | 5 | 4 | 2,774 | $813 | 0.9 mi |
D 4 Carson Sold | $1,650,000 | 4 | 3 | 2,586 | $638 | 1.0 mi |
E 53 Oakhurst Sold | $2,250,000 | 4 | 4 | 2,584 | $871 | 0.4 mi |
F 21 Wedgewood Active | $2,249,900 List Price | 5 | 3 | 2,779 | $810 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the home was built in 1977 and is described as 'mostly original,' it has undergone $100,000 in recent improvements making it move-in ready. Significant value is found in the brand new HVAC system (including ducting), new water heater, and roof repairs. The kitchen and baths have been refreshed with new quartz countertops and paint rather than a full gut renovation, placing it firmly in the 'Good' category.
Elementary School: Santiago Hills Elementary School (9/10). Middle School: Sierra Vista Middle School (9/10). High School: Northwood High School (9/10).
Situated in the prestigious Northwood community, the home is within walking distance to award-winning Irvine Unified schools and directly across from premium HOA amenities like the pool and tennis courts.
Over $100,000 has been invested in essential improvements, including a brand-new HVAC system, water heater, roof repairs, and fresh interior/exterior paint, providing immediate value and peace of mind.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Despite recent functional improvements, the home is in mostly original 1977 condition, which may require significant additional investment for cosmetic modernization to meet current luxury standards.
The property's location directly across from the HOA amenities and adjacent to neighborhood walking trails may result in less privacy and higher noise levels from community foot traffic.
A wonderful place to call home! One of the very best floorplans in all of Northwood in a great location directly across from Woodside HOA amenities! This 4 bedroom, 3 bathroom home with large bonus room, primary retreat and a great room across the back of the house could be 6 bedrooms or even 7! This home has an extra-large grassy backyard which has been newly landscaped and is ready for you to make it your own. The formal living room is bright and sunny with large windows and cathedral ceilings and is adjacent to the dining room. The great room overlooks the backyard with updated kitchen with a breakfast bar, brand new quartz countertops, stainless steel sink, and brand new recessed lighting; a cozy breakfast area; a spacious walk-in pantry; and a large family room with a fireplace and built-in bookcases. The downstairs bedroom and bathroom make a perfect guest suite or office. Upstairs, the primary suite includes the spacious primary bedroom with fireplace, a retreat with built-in desk (which could be a 5th bedroom), a large walk-in closet and a primary bathroom with oval tub and separate shower with new barn-style door, and a large vanity with double sinks. The two secondary bedrooms share a bathroom with with double sinks and tub/shower. The bonus room has cathedral ceilings and is light and bright. A long time rental, this house has had over $100,000 in improvements just completed for you: Brand new light-color wood-like laminate flooring; brand new wood double front doors with windows letting in the light; brand new HVAC system - heater, air conditioner, condenser and ducting; brand new water heater; brand new exterior and interior paint including all kitchen and bathroom cabinetry; brand new roll-up garage door with windows; just completed roof repairs, wood repairs/replacement, and fumigation. There is a 2-car garage with a brand new garage door with windows and painted floor. HOA amenities include pool, spa, two tennis courts, barbecue center with outdoor eating area, tot lot right are all right across the street so you will enjoy them all year round,; and there are walking trails throughout the neighborhood directly next to this property . Attend excellent Irvine Schools - award-winning Northwood High, Sierra Vista Middle and Santiago Hills Elementary. Home is in mostly original but clean condition. No Mello Roos. (price was incorrect - this is not a price reduction)
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades PK-5 • 0.6 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 83% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,864 | 2,515 | 74% |
| Lot Size | 5,150 | 4,608.5 | 67% |
| Price | $2.15M | $1.97M | 60% |
| Price per sq ft | $751 | $840 | 21% |
| Built year | 1977 | 1997 | 12% |
| HOA | $150.0 | $138 | 55% |
| Days on market | 10 | 125 | 4% |
May 30, 2026
$2,150,000
Initial Listing
May 27, 2026
$2,500,000
Initial Listing