3852 Faulkner Court, Irvine, California 92606, Irvine, 92606 - 3 bed, 3 bath
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Irvine, California 92606
This property presents a High-Potential Investment Opportunity with a List Price of $1,450,000—positioned well below the $1,479,607 Fair Market Value by 2%. This valuation gap offers $29,607 in Instant Equity. Featuring a Fair Condition Rating (4/10), the home serves as a prime canvas for modernization. With a 5,000 sqft lot, Irvine Unified School District access, and a flexible layout, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3852 Faulkner Court Subject | $1,450,000* List Price | 3 | 3 | 1,929 | $767 | - |
A 14612 Beach Sold | $1,325,000 | 4 | 3 | 1,897 | $698 | 0.3 mi |
B 3755 Provincetown Avenue Sold | $1,250,000 | 5 | 3 | 1,929 | $648 | 0.1 mi |
C 14611 Oak Avenue Sold | $1,605,000 | 3 | 2 | 1,848 | $869 | 0.3 mi |
D 3582 Carmel Sold | $1,216,000 | 3 | 2 | 1,478 | $823 | 0.3 mi |
E 14541 Savin Avenue Sold | $1,535,000 | 4 | 3 | 2,277 | $674 | 0.1 mi |
F 46 Ohio Sold | $1,650,000 | 3 | 3 | 1,850 | $892 | 0.5 mi |
G 14072 Picasso Court Active | $1,699,000 List Price | 4 | 3 | 2,060 | $825 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971 and explicitly marketed as a 'remodel canvas,' the property features dated interior finishes, including older tile flooring and bathroom vanities that appear to be 20+ years old. While the home is well-maintained and livable, the kitchen and baths require modernization, and the systems likely near the end of their functional life.
High School: Irvine High School (9/10).
Situated on a quiet cul-de-sac within the prestigious Irvine Unified School District, the property offers exceptional financial appeal with low HOA fees and no Mello-Roos assessments.
The unique floor plan features three main-floor bedrooms and a large upstairs bonus suite, providing a versatile footprint suitable for multi-generational living or a spacious home office.
The property is positioned as a 'canvas for remodel,' indicating that the interior likely features dated finishes and will require a substantial capital investment to modernize.
Built in 1971, the home may have aging systems or original components that could necessitate costly repairs or upgrades compared to newer residential options in Irvine.
Charming single-family detached home in the highly desired Colony community on a quiet cul-de-sac with a large private backyard and 3 downstairs bedrooms—an ideal canvas for your remodel! The bright, open floor plan features a kitchen open to the family room with sliding glass door to a backyard with a patio, trees, and lawn perfect for entertaining. Upstairs features a generous bonus room with a full bath, built as one of the original buyer-selected second-floor options during the home's new-construction phase, offering flexible use as a guest suite, home office, media room, or private retreat. When originally built the second floor could also have been configured as Bedroom 4 + loft or Bedroom 4 + Bedroom 5, supporting multi-generational layouts. Includes a 2-car garage with direct access and driveway parking. Located in the sought-after Irvine Unified School District and near shopping, dining and grocery options including Trader Joe’s. Community HOA amenities: resort-style competition pool, BBQ area, park, and lighted volleyball, basketball and tennis courts—with low HOA fees of only $195 quarterly. No Mello-Roos. Easy access to the 5 Freeway.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.9 mi
Grades PK-6 • 7.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,929 | 1,913 | 50% |
| Lot Size | 5,000 | 5,000 | 50% |
| Price | $1.45M | $1.54M | 35% |
| Price per sq ft | $752 | $833 | 35% |
| Built year | 1971 | 1973 | 23% |
| HOA | $195.0 | $134 | 65% |
| Days on market | 15 | 125 | 4% |
May 22, 2026
$1,450,000
Initial Listing