17 Rhode Island, Irvine, California 92606, Irvine, 92606 - 5 bed, 3 bath
17 Rhode Island
Irvine, California 92606
Property Price
SUMMARY
Analysis of 17 Rhode Island, Irvine, California 92606 reveals a Prime Investment Opportunity with a current list price of $2,500,000—significantly undercutting the $2,662,892 Fair Market Value by 6%. This valuation gap indicates a +$162,892 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17 Rhode Island Subject | $2,500,000* List Price | 5 | 3 | 3,309 | $805 | - |
A 22 Iowa Sold | $1,875,000 | 5 | 3 | 2,239 | $837 | 0.4 mi |
B 27 Maryland Sold | $1,990,000 | 4 | 4 | 2,719 | $732 | 0.1 mi |
C 14072 Picasso Court Active | $1,799,000 List Price | 4 | 3 | 2,060 | $873 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that brings it to current modern standards. It features brand-new waterproof wide-plank flooring throughout, a fully remodeled kitchen with new cabinetry, quartz countertops with a matching backsplash, and high-end stainless steel appliances. The bathrooms have been updated with spa-inspired finishes, and the home features contemporary lighting and a cohesive modern aesthetic, effectively neutralizing the 1998 build date.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Irvine High School (9/10).
- Modern Interior Upgrades
The residence features a cohesive modern aesthetic with a tastefully refreshed kitchen including quartz countertops, brand-new waterproof wide-plank flooring, and spa-inspired bathrooms.
- Versatile Floor Plan
The layout includes a highly desirable main-level bedroom with a full bathroom and a spacious upstairs loft, providing excellent flexibility for multi-generational living or a home office.
CONSRISKS & DEFICIENCIES
- Limited Outdoor Space
With a substantial 3,309 square foot home situated on a 5,726 square foot lot, the private yard space is relatively compact compared to the interior scale.
- Aging Major Systems
While the interior finishes are updated, the 1998 construction year suggests that original major systems such as the roof or HVAC may be approaching the end of their typical functional lifespan.
About 17 Rhode Island
Positioned at the end of a quiet interior street within the prestigious gated community of Harvard Square, 17 Rhode Island offers exceptional privacy with minimal through traffic — a rare advantage in Irvine.The residence presents a cohesive modern aesthetic, thoughtfully updated with refined finishes and clean architectural lines throughout. A desirable main-level bedroom with a full bathroom provides flexibility for guests, multi-generational living, or a private office. Upstairs, a spacious open loft adds versatile living space.The kitchen has been tastefully refreshed with new cabinetry, quartz countertops and matching quartz backsplash, modern appliances, contemporary lighting, and a sleek vent hood — blending everyday functionality with elevated style. Spa-inspired bathrooms and brand-new waterproof wide-plank flooring throughout complete the home’s polished contemporary appeal. The well-maintained gated community offers resort-style amenities including a pool and spa, basketball and beach volleyball courts, BBQ areas,playground, and community movie nights in the park. Residents also enjoy direct access to the scenic mountain-to-sea trail just outside the gates.Located within the award-winning Irvine Unified School District and centrally positioned in the heart of Irvine, the home provides convenient access to major freeways, dining, and shopping — including Trader Joe’s, Mitsuwa, and nearby markets.Low HOA $194/month. No Mello-Roos.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 5,726 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $195.0 / Month
Neighborhood Insights
Irvine Unified Schools
College Park Elementary School
Grades K-6 • 0.5 mi
Deerfield Elementary School
Grades K-6 • 1.4 mi
College Park Elementary School
Grades PK-6 • 7.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 70% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,309 | 2,239 | 91% |
| Lot Size | 5,726 | 5,000 | 83% |
| Price | $2.50M | $1.70M | 83% |
| Price per sq ft | $756 | $869 | 26% |
| Built year | 1998 | 1994 | 78% |
| HOA | $195.0 | $82 | 91% |
| Days on market | 16 | 135 | 9% |
Pricing History
Listed for Sale
Feb 19, 2026
$2,500,000
Initial Listing
Sold
May 22, 2002
$625,000
Public Record
Sold
Aug 25, 1998
$390,500
Public Record