24 Spicewood Way, Irvine, California 92612, Irvine, 92612 - 4 bed, 3 bath
24 Spicewood Way
Irvine, California 92612
Property Price
SUMMARY
Analysis of 24 Spicewood Way, Irvine, California 92612 reveals a Fairly Priced Property with a current list price of $2,168,000 aligned with the estimated $2,140,459 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 24 Spicewood Way Subject | $2,168,000* List Price | 4 | 3 | 2,682 | $798 | - |
A 18 Meadowsweet Way Sold | $1,927,800 | 4 | 3 | 2,920 | $660 | 0.2 mi |
B 20 Mayapple Way Sold | $1,560,000 | 4 | 3 | 1,896 | $823 | 0.3 mi |
C 10 Lassen Sold | $1,690,000 | 3 | 3 | 1,810 | $934 | 0.3 mi |
D 6 Mandrake Way Active | $1,938,000 List Price | 5 | 3 | 2,682 | $723 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1968, the property has undergone an extensive recent renovation within the last 5 years, meeting the criteria for excellent condition. Key upgrades include a brand-new HVAC system, a 2023 water heater, fresh interior and exterior paint, and new wide-plank flooring throughout. The kitchen is fully modernized with white shaker cabinetry, stone countertops, and high-end stainless steel appliances. Bathrooms feature contemporary vanities and updated tile work. The home is in turnkey condition with modern recessed lighting and a rare climate-controlled garage, showing no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
- Premium Corner Lot Privacy
Positioned on a unique corner lot with three sides open to lush greenery and no immediate neighbors, this property offers exceptional privacy and serene park-like views that are rare for the area.
- Turnkey Modern Upgrades
The home features significant recent capital improvements, including a brand-new HVAC system, a 2023 water heater, fresh interior and exterior paint, and new flooring, ensuring a move-in-ready experience.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3200, living area = 2682.
- Vintage Construction Era
Built in 1968, the property may possess older structural characteristics or utility configurations that, despite cosmetic upgrades, may not match the efficiency of modern new-build standards.
- Limited Lot-to-Square-Footage Ratio
The 3,200 sqft lot is relatively compact for a home of nearly 2,700 sqft, resulting in outdoor spaces that are functional but divided into smaller segments rather than a large, contiguous backyard.
About 24 Spicewood Way
Welcome to this beautifully upgraded home located in the highly desirable University Park community of Irvine. Situated on a premium corner lot with three sides open to greenery and no immediate neighbors, this home enjoys exceptional privacy, abundant natural light, and serene park-like views. Recent improvements include a brand-new HVAC system, a 2023 water heater, fresh interior & exterior paint, and new flooring throughout, offering modern comfort and move-in-ready convenience. The home features an airy layout enhanced by numerous windows that fill the living spaces with natural sunlight. The spacious primary suite features a versatile bonus room, ideal for a private office, sitting area, nursery, or retreat. Outdoor living is equally impressive, with three distinct yard areas offering flexible spaces for relaxation, entertaining, or gardening. The exceptionally clean and well-maintained garage offers abundant storage and its own air-conditioning system, making it ideal for a home gym, recreation room, or multi-purpose workspace. The corner location also provides ample nearby parking for guests. Ideally located adjacent to community greenbelts and within close proximity to the University Park Library, parks, and elementary school, the home also benefits from access to Irvine’s top-rated middle and high schools. A rare opportunity to own a bright, upgraded home in one of Irvine’s most established and sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 3,200 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $181.0 / Month
Neighborhood Insights
Irvine Unified Schools
University Park Elementary School
Grades K-6 • 0.1 mi
Rancho San Joaquin Middle School
Grades 7-8 • 0.8 mi
University High School
Grades 9-12 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 68% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,682 | 1,853 | 91% |
| Lot Size | 3,200 | 4,394 | 27% |
| Price | $2.17M | $1.50M | 73% |
| Price per sq ft | $808 | $911 | 14% |
| Built year | 1968 | 1974 | 27% |
| HOA | $181.0 | $294 | 27% |
| Days on market | 5 | 191 | 5% |
Pricing History
Listed for Sale
Mar 2, 2026
$2,168,000
Initial Listing
Sold
Nov 13, 1996
$224,000
Public Record
Sold
Oct 8, 1996
$2,500
Public Record