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2 Westgate, Irvine, California 92620, Irvine, 92620 - 4 bed, 3 bath

2 Westgate, Irvine, California 92620 home-pic-0
ACTIVE UNDER CONTRACT$2,198,000
2 Westgate, Irvine, California 92620
4Beds
3Baths
2,500Sqft
6,000Lot

Price Vs. Estimate

The estimated value ($1,789,415.14) is $408,584.86 (18%) lower than the list price ($2,198,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Middle School: Sierra Vista Middle School (9/10). High School: Northwood High School (9/10).
Top Cons:
Active Under Contract Status: The property is currently 'Active Under Contract,' which means it is already in escrow, potentially limiting opportunities for new buyers to submit competitive offers unless the current deal falls through.

Compared to the nearby listings

Price:$2.20M vs avg $2.00M (+$198,000)62%
Size:2,500 sqft vs avg 2,501 sqft50%
Price/sqft:$879 vs avg $84565%

More Insights

Built in 2000 (25 years old).
Condition: The property, built in 2000, has undergone significant and recent updates, including newer kitchen appliances, granite countertops, upgraded porcelain tile floors, a newer HVAC system, and a tankless water heater. The kitchen image shows well-maintained cabinets and modern stainless steel appliances. These updates ensure the home is move-in ready with major systems functional and minimal wear, aligning with the 'Good' condition criteria, even though the original build year is slightly outside the typical range for this score without extensive renovation.
Year Built
2000
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$879
HOA
$45
Days on market
-
Sold On
-
MLS number
OC24220140
Home ConditionGood
Features
Good View: Park/Greenbelt, Trees/Woods
ViewPark/Greenbelt, Trees/Woods

About this home

Seller has found a replacement property - submit an offer! 2 Westgate exemplifies the trifecta of real estate - Location, Location, Location! This 4 bedroom, 2.5 baths, approximately 2,400 square feet home, is located in the 24 hour gated community of Georgetown by award winning Richmond American Homes - in the most amazing family friendly enclave in Irvine - Northwood Pointe. In addition, it is located at the end of a quiet cul de sac less than 200 yards, as the Crow flies, from National Blue Ribbon award winning Canyon View elementary and Northwood high schools. Before we even describe the upgraded interior, 2 Westgate boasts a 2 car direct access garage with a 3 CAR DRIVEWAY with a potential to add a single or two level ADU because of the unique lot size and configuration (see virtual photo in the gallery). With upgraded porcelain tile floors, granite counters, tankless water heater, crown molding, extra high baseboards, recently updated appliances, custom outdoor gas BBQ, ceiling fans, custom paint, professionally landscaped, custom wood plantation shutters, tinted double paned windows, newer HVAC system, newer kitchen appliances, newer garage roll up door with Genie opener and much more (see attached detailed upgrade list), 2 Westgate is an homeowners and investors dream. Northwood Pointe also boasts community amenities such as 4 tennis courts at Citrus Glen Tennis Center, Olympic pool and Meadowood Park Swim Facility, basketball, sand volleyball and easy access to Northwood Plaza, Orchard Hills and Northpark shopping centers - all within 1 mile. For an investor, this property will lease in the $5,500 to $6,000 range.

Nearby schools

8/10
Canyon View Elementary School
Public,•K-6•0.2mi
9/10
Sierra Vista Middle School
Public,•7-8•1.3mi
9/10
Northwood High School
Public,•9-12•0.1mi
Condition Rating
Good
The property, built in 2000, has undergone significant and recent updates, including newer kitchen appliances, granite countertops, upgraded porcelain tile floors, a newer HVAC system, and a tankless water heater. The kitchen image shows well-maintained cabinets and modern stainless steel appliances. These updates ensure the home is move-in ready with major systems functional and minimal wear, aligning with the 'Good' condition criteria, even though the original build year is slightly outside the typical range for this score without extensive renovation.
Pros & Cons

Pros

Great Schools: Middle School: Sierra Vista Middle School (9/10). High School: Northwood High School (9/10).
Prime Location & Gated Community: Situated in the highly sought-after, family-friendly, 24-hour guard-gated community of Georgetown in Northwood Pointe, at the end of a quiet cul-de-sac, offering security, privacy, and a desirable living environment.
Exceptional School Proximity: Located less than 200 yards from National Blue Ribbon award-winning Canyon View Elementary and Northwood High Schools, making it ideal for families prioritizing top-tier education.
Extensive Upgrades & Modern Amenities: Features numerous recent upgrades including porcelain tile floors, granite counters, tankless water heater, newer HVAC, updated kitchen appliances, custom plantation shutters, and professional landscaping, ensuring a move-in ready condition.
ADU Potential & Ample Parking: The unique lot size and configuration offer significant potential to add a single or two-level Accessory Dwelling Unit (ADU), alongside a 2-car garage and a 3-car driveway, providing flexibility and value-add opportunities.
Robust Community Facilities & Low HOA: Residents benefit from extensive community amenities such as tennis courts, Olympic pool, basketball, and sand volleyball, all within 1 mile, coupled with a remarkably low association fee of $45.00.

Cons

Active Under Contract Status: The property is currently 'Active Under Contract,' which means it is already in escrow, potentially limiting opportunities for new buyers to submit competitive offers unless the current deal falls through.
Significant Price Discrepancy: The listing price of $2,198,000 is considerably higher than the estimated property value of $1,789,415, suggesting it may be overpriced relative to current market estimations.
Lack of Private Pool/Spa: While the community offers excellent pool facilities, the property itself does not feature a private pool or spa, which might be a consideration for buyers desiring these amenities in their own backyard.

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