198 Monroe, Irvine, California 92620, Irvine, 92620 - 3 bed, 3 bath
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Irvine, California 92620
This High-Potential Investment Opportunity is listed at $1,079,000, positioned slightly above the $1,032,184 Fair Market Value. While the property requires cosmetic updates, its Condition Rating of 4 reflects a well-maintained, original-style interior ready for modernization. Located in the prestigious Irvine Unified School District near top-rated schools like Northwood High, this townhouse offers a rare combination of low $270 HOA fees and a private patio. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value in a premier neighborhood.
Property is moderate renovation needed.
Built in 1986 (38 years old), the home appears to be in mostly original condition. While well-maintained and functional, the kitchen and bathrooms are significantly dated, featuring 1980s-style white cabinetry, green countertops, fluorescent light boxes, and older tile work. The property is move-in ready but requires cosmetic updates to meet modern standards.
The property is zoned for the highly acclaimed Irvine Unified School District, including Northwood High School, which is a major driver for property value and family demand.
At $270 per month, the association fees are remarkably low for an Irvine townhouse community, offering better monthly affordability for homeowners.
The home features high-value functional upgrades such as dual-pane windows and plantation shutters, which improve energy efficiency and provide a polished, move-in-ready feel.
The listing indicates no specific view, which may be a drawback for buyers comparing this unit to others in Irvine that offer park or greenbelt vistas.
With 1,336 square feet distributed across three bedrooms, the individual room sizes and common areas may feel tight for families requiring more expansive living space.
Nestled within the serene Timberline community, this beautifully appointed 3-bedroom, 2.5-bath townhome offers 1,336 sq. ft. of thoughtfully designed living space. From the moment you step inside, you're greeted by a light-filled, open floor plan featuring with plantation shutters, and dual-pane windows that bathe every room in natural light. The generous living and dining area centers around a cozy fireplace — perfect for cool California evenings. Upstairs, the spacious primary suite offers a peaceful escape with dual mirrored-door closets and a ceiling fan and two additional well-proportioned bedrooms. Located in Northwood, one of Irvine's most established and sought-after neighborhoods, this home is steps from scenic parks, local dining, and shopping at Northwood Town Center. Families will love the proximity to top-rated Irvine Unified School District schools — including the award-winning Brywood Elementary, Sierra Vista Middle School, and Northwood High School ranked among California's best. University of California, Irvine (UCI) is just minutes away.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.3 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,336 | 1,773 |
| Lot Size | 178,861 | 31,235 |
| Price | $1.08M | $1.18M |
| Price per sq ft | $808 | $751 |
| Built year | 1986 | 2005 |
| HOA | $270.0 | $305 |
| Days on market | 0 | 52 |
May 22, 2026
$1,079,000
$1,125,000
-4% Price Drop
Initial Listing
May 9, 2026
$1,125,000
Initial Listing
Apr 27, 2020
$45,000
Public Record