31 Meadowgrass, Irvine, California 92604, Irvine, 92604 - 2 bed, 2 bath
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31 Meadowgrass
Irvine, California 92604
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,110Sq Ft
1,041Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$718,300
SUMMARY
This Turnkey Condominium represents a Prime Investment Opportunity, listed at a List Price of $699,000—positioned well below the $718,300 Fair Market Value by 2%. This valuation gap provides $19,300 in Instant Equity. Featuring a Condition Rating of 3, the home offers a modern aesthetic with fresh paint, new flooring, and updated kitchen countertops. Located in the prestigious Irvine Unified district, this property is an ideal choice for first-time buyers or Owner-Occupants seeking a move-in ready lifestyle near North Lake.
Estimated Market Value
$718,300
Based on Realkey algorithm analyzing recent comparable sales in Irvine.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 Meadowgrass Subject 2 bd · 2 ba · 1,110 sqft · $647 | $699,000* List Price | 2 | 2 | 1,110 | $647 | - |
A 49 Meadowgrass Sold 3 bd · 2 ba · 1,220 sqft · $688 · 0.0 mi | $839,800 | 3 | 2 | 1,220 | $688 | 0.0 mi |
B 12 Silverwood 19 Sold 3 bd · 2 ba · 1,164 sqft · $773 · 0.6 mi | $900,000 | 3 | 2 | 1,164 | $773 | 0.6 mi |
C 26 18 Acorn Sold 2 bd · 2 ba · 1,114 sqft · $785 · 0.7 mi | $875,000 | 2 | 2 | 1,114 | $785 | 0.7 mi |
D 82 Eagle 43 Sold 3 bd · 1 ba · 1,084 sqft · $660 · 0.4 mi | $715,000 | 3 | 1 | 1,084 | $660 | 0.4 mi |
E 35 Firwood Sold 3 bd · 2 ba · 1,085 sqft · $592 · 1.0 mi | $642,000 | 3 | 2 | 1,085 | $592 | 1.0 mi |
F 8 Silverwood Active 2 bd · 3 ba · 1,068 sqft · $758 · 0.6 mi | $810,000 List Price | 2 | 3 | 1,068 | $758 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The property was built in 1977 but has been well-maintained with recent cosmetic updates, including fresh paint, new kitchen countertops, and new flooring on the upper level and stairs, making it functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Woodbridge Location
Situated steps from the North Lake Beach Club and tennis courts, this property offers exceptional access to Irvine's premier community amenities and top-rated schools.
- Recent Interior Refresh
The home features new kitchen countertops, fresh paint, and new flooring on the upper level, providing a modern, move-in-ready aesthetic for buyers.
- Practical Living Features
With an inside laundry room, a private patio for outdoor living, and direct carport access, the layout maximizes convenience and functionality within a compact footprint.
CONSRISKS & DEFICIENCIES
- Transactional Uncertainty
The property recently fell out of escrow, which may raise questions for prospective buyers regarding previous inspection results or appraisal valuations.
- Vintage Infrastructure
Built in 1977, the property may require ongoing maintenance of older systems or common area elements typical of mature condominium developments.
About 31 Meadowgrass
Just fell out of escrow! Beautiful Two-Story home in Woodbridge Village. Two Bedrooms, One and a half bathrooms. Freshly painted with new Kitchen Countertops, New flooring on stairs and upper level. Steps to North Lake Beach Club and Tennis Courts. Spacious Kitchen with breakfast nook will provide a view of patio which offers you a peaceful private daily life. Inside Laundry Room. Small patio off kitchen with easy access from carport. Located close to shops, schools, parks, community sport complex and easy access to 5 and 405 freeway. See private remarks.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- 1,041 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $157.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,110 | 1,685.105 |
| Lot Size | 1,041 | 42,358.594 |
| Price | $699.0K | $1.21M |
| Price per sq ft | $630 | $740 |
| Built year | 1977 | 2010 |
| HOA | $157.0 | $280 |
| Days on market | 37 | 61 |
Pricing History
Listed for Sale
Sep 18, 2026
$699,000
Initial Listing