31 Tradition Place, Irvine, California 92602, Irvine, 92602 - 5 bed, 3 bath
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Irvine, California 92602
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $1,850,000—positioned well below the $1,984,501 Fair Market Value by 6%. This valuation gap offers $134,501 in Instant Equity. The property maintains a Good Condition Rating with recent upgrades like wood-look tile and fresh paint. Featuring a Main-Level Bedroom, Granite Kitchen, and Private Hillside Backyard, it offers a versatile layout near Top-Rated Schools like Beckman High. This is an ideal acquisition for Owner-Occupants seeking long-term value or multigenerational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 Tradition Place Subject | $1,850,000* List Price | 5 | 3 | 2,545 | $780 | - |
A 93 Linhaven Sold | $1,675,000 | 4 | 3 | 2,236 | $749 | 0.3 mi |
B 21 National Place Sold | $1,850,000 | 4 | 3 | 2,294 | $806 | 0.1 mi |
C 28 Boulder Creek Sold | $1,935,000 | 5 | 3 | 2,287 | $846 | 0.1 mi |
D 59 Boulder Creek Way Sold | $1,950,000 | 4 | 4 | 2,349 | $830 | 0.1 mi |
E 10 Calais Sold | $2,190,000 | 5 | 4 | 3,107 | $705 | 0.4 mi |
F 8 Versailles Sold | $1,988,876 | 4 | 3 | 2,335 | $852 | 0.3 mi |
G 23 Vacaville Sold | $2,000,000 | 3 | 3 | 2,279 | $878 | 0.5 mi |
H 7 Sorenson Sold | $1,710,150 | 4 | 3 | 2,140 | $799 | 0.5 mi |
I 74 Linhaven Active | $1,865,888 List Price | 5 | 4 | 2,850 | $655 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1997, this property is well-maintained and move-in ready. It features significant functional updates including an upgraded kitchen with granite countertops and stainless steel appliances, wood-look tile flooring, fresh interior paint, and brand-new carpeting. While the home is nearly 30 years old, the level of maintenance and recent cosmetic refreshes align with the 'Good' criteria.
The property offers a rare combination of no HOA fees and low Mello-Roos, significantly reducing monthly carrying costs compared to most neighboring Irvine communities.
Featuring five bedrooms, including a highly desirable main-floor bedroom and full bath, the layout is perfectly suited for multi-generational living, guests, or a home office.
The private backyard features a landscaped hillside that provides exceptional seclusion from neighbors, a premium and rare feature for the West Irvine suburban area.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
With a 1997 build date, major systems such as the roof or HVAC may be approaching the end of their typical lifespan, potentially requiring future capital investment despite cosmetic upgrades.
The lot size of 5,908 square feet may feel somewhat limited for a large five-bedroom residence, particularly for buyers prioritizing expansive grounds or significant outdoor play areas.
Welcome To This Exceptional Home In The Highly Sought-After Area Of West Irvine. Situated On A Quiet Street, This Beautifully Maintained Residence Offers Five Bedrooms And Three Bathrooms, Including A Convenient Main-Level Bedroom And Full Bath, Ideal For Guests, Multigenerational Living, Or A Home Office. Upstairs, You'll Find Four Additional Bedrooms, Including An Oversized Primary Suite Featuring A Spacious Ensuite Bathroom With A Dual-Sink Vanity, Walk-In Shower, Soaking Tub, And Generous Walk-In Closet. From The Moment You Step Inside, You'll Appreciate The Thoughtful Upgrades Throughout. Wood-Look Tile Flooring Extends Across Most Of The Main Level, While The Formal Living And Dining Rooms Provide Inviting Spaces For Entertaining. The Upgraded Kitchen Showcases Light Wood Cabinetry, Granite Countertops, Stainless Steel And Black Appliances, And A Large Center Island With Bar Seating, All Opening To The Comfortable Family Room Complete With A Custom Fireplace, Mantel, And Built-In Cabinetry. Step Outside To Your Private Backyard Retreat Featuring An Expansive Lawn And A Beautifully Landscaped Hillside That Provides Exceptional Privacy—Perfect For Entertaining, Relaxing, Or Enjoying Southern California's Year-Round Outdoor Living. Additional Highlights Include Fresh Interior Paint, New Upstairs Carpeting, Dual-Pane Windows, Plantation Shutters, Raised-Panel Doors, Ceiling Fans With Lighting, And Numerous Additional Upgrades Throughout. Ideally Located Just Minutes From Local Parks, Top-Rated Schools, Tustin Ranch Golf Club, And The Market Place, This Outstanding Home Also Offers The Added Benefits Of No HOA And Low Mello-Roos, Making It An Exceptional Opportunity In One Of West Irvine's Most Desirable Communities.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.9 mi
Grades K-8 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,545 | 2,486 |
| Lot Size | 5,908 | 4,950 |
| Price | $1.85M | $2.08M |
| Price per sq ft | $727 | $872 |
| Built year | 1997 | 1999 |
| HOA | $0 | $190 |
| Days on market | 18 | 50 |
Jul 4, 2026
$1,850,000
Initial Listing
Nov 26, 1997
$270,500
Public Record