221 Bowery, Irvine, California 92612, Irvine, 92612 - 3 bed, 3 bath
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Irvine, California 92612
This Modern Value-Driven Condominium is a Strong Value Opportunity, listed at $1,200,000—positioned well below the $1,263,073 Fair Market Value by 4%. This valuation gap provides $63,073 in Instant Equity for the next owner. Boasting a Pristine Condition Rating, the 2020-built interior features quartz countertops, dark cabinetry, and contemporary wood-look flooring. Located in Irvine’s Airport Area near major business hubs, it offers a sophisticated lifestyle despite being served by the Santa Ana Unified School District. This is an ideal acquisition for Owner-Occupants seeking a turnkey residence or Buy-and-Hold Investors targeting high-demand rental markets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 221 Bowery Subject | $1,200,000* List Price | 3 | 3 | 1,760 | $718 | - |
A 3507 Rivington Sold | $1,425,000 | 2 | 3 | 2,065 | $690 | 0.2 mi |
B 130 Tribeca Sold | $1,010,000 | 2 | 2 | 1,483 | $681 | 0.1 mi |
C 3100 Rivington Sold | $1,250,000 | 2 | 3 | 1,801 | $694 | 0.2 mi |
D 1702 Rivington Sold | $1,210,000 | 1 | 2 | 1,540 | $786 | 0.2 mi |
E 1509 Rivington Sold | $1,535,000 | 2 | 3 | 1,760 | $872 | 0.2 mi |
F 21 Gramercy 306 Sold | $1,160,000 | 2 | 3 | 1,810 | $641 | 0.2 mi |
G 2510 Rivington Active | $1,520,000 List Price | 3 | 3 | 1,880 | $809 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2020, this property is well within the 10-year threshold for an excellent rating. The interior features modern finishes including dark cabinetry, quartz countertops, stainless steel appliances, recessed lighting, and contemporary wood-look flooring, all of which appear to be in pristine condition with no deferred maintenance.
Built in 2020, this contemporary condominium offers the latest in architectural design and energy efficiency, ensuring a move-in-ready experience with minimal maintenance requirements.
Situated in the desirable Airport Area of Irvine, the property provides exceptional proximity to major business centers, John Wayne Airport, and premium dining and shopping destinations.
With 3 bedrooms, 3 bathrooms, and 1,760 square feet of living space, the home offers a generous and functional floor plan suitable for families or professionals needing dedicated office space.
Despite the Irvine address, the property is served by the Santa Ana Unified School District with lower-rated schools (ratings 3-4), which may impact long-term resale value for family-oriented buyers.
The monthly association fee of $615 is significant, adding a substantial fixed cost to the monthly ownership budget compared to other residential options in the area.
Exceptional opportunity in Irvine. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
Grades K-5 • 2.7 mi
Grades 6-8 • 3.7 mi
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 78% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,760 | 1,447 | 75% |
| Lot Size | 9,278 | 49,985 | 40% |
| Price | $1.20M | $990.0K | 67% |
| Price per sq ft | $682 | $725 | 28% |
| Built year | 2020 | 2003 | 90% |
| HOA | $615.0 | $588 | 54% |
| Days on market | 27 | 188 | 3% |
Mar 26, 2026
$1,200,000
Initial Listing
Jun 19, 2020
$720,000
Public Record