262 Lemon Grove, Irvine, California 92618, Irvine, 92618 - 2 bed, 2 bath
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Irvine, California 92618
This Irvine Condominium is listed at $685,000, representing a stable entry into a premier market, priced right at its $680,007 Fair Market Value. While maintaining a Condition Rating of 4 due to its original 1980s finishes, the home offers a functional open floor plan, pool views, and inside laundry. Its primary value lies in the elite Irvine Unified School District, featuring Lakeside Middle (9/10) and Woodbridge High (9/10). This property is a strategic acquisition for first-time buyers or owner-occupants looking to trade cosmetic updates for long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 262 Lemon Grove Subject | $685,000* List Price | 2 | 2 | 1,023 | $665 | - |
A 169 Tarocco Sold | $780,000 | 2 | 2 | 951 | $820 | 0.3 mi |
B 2311 Apricot Sold | $650,000 | 2 | 2 | 1,225 | $531 | 0.1 mi |
C 69 Tarocco Sold | $775,000 | 3 | 2 | 1,192 | $650 | 0.3 mi |
D 85 Lemon Sold | $638,000 | 2 | 1 | 928 | $688 | 0.1 mi |
E 311 Falcon Creek Sold | $680,000 | 1 | 2 | 890 | $764 | 0.6 mi |
F 124 Tangelo Active | $720,000 List Price | 2 | 1 | 928 | $776 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983, the property is well-maintained and clean but shows significant signs of being outdated. The kitchen retains older white cabinetry, dated tile countertops, and a fluorescent light box typical of the original construction era. While the living areas feature updated tile flooring and neutral paint, the overall style of the fixtures and finishes has not undergone a full modern renovation within the last 15 years, placing it firmly in the 'fair' category.
Middle School: Lakeside Middle School (9/10). High School: Woodbridge High School (9/10).
Situated within the award-winning Irvine Unified School District and minutes from Irvine Spectrum, UCI, and major medical centers, this property offers exceptional convenience and long-term value.
The home features a highly desirable open floor plan with abundant natural light, a private balcony overlooking the community pool, and the significant convenience of an inside laundry area.
The $500 monthly association fee is relatively high for a 1,023-square-foot condo, which may impact overall affordability and buyer debt-to-income ratios.
Built in 1983, the property may require modern cosmetic updates or maintenance to its original systems to remain competitive with newer residential developments in the area.
Highly desirable ORANGE TREE Community of Irvine This bright two bedroom, two bath home features an open floor plan with abundant natural light and a private balcony overlooking the community pool. The kitchen offers convenient counter seating and flows easily into the living and dining areas, perfect for everyday living and entertaining. Spacious bedrooms include a comfortable primary suite with its own private bath. Spacious Inside Laundry area. Ideally located near Oak Creek Golf Club, Irvine Valley College, U.C. Irvine, top-rated medical centers, Irvine spectrum premier shopping & dining, and Southern California beaches, award winning Irvine Unified School District, parks, and major commuter routes, this home offers a wonderful opportunity to enjoy the best of Irvine Living!
No exterior & parking available.
Grades K-6 • 1.2 mi
Grades 7-8 • 1.6 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 15% |
| Baths | 2.0 | 3.0 | 14% |
| Square foot | 1,023 | 2,037 | 4% |
| Lot Size | 71,869 | 2,114 | 91% |
| Price | $685.0K | $1.37M | 3% |
| Price per sq ft | $670 | $710 | 36% |
| Built year | 1983 | 2019 | 5% |
| HOA | $500.0 | $240 | 97% |
| Days on market | 45 | 186 | 2% |
Apr 15, 2026
$685,000
$699,000
-2% Price Drop
Initial Listing
Mar 27, 2026
$699,000
$699,900
+0% Price Increase
Initial Listing
Mar 15, 2026
$699,900
$725,000
-3% Price Drop
Initial Listing
Mar 9, 2026
$725,000
Initial Listing