40 Waterspout, Irvine, California 92620, Irvine, 92620 - 4 bed, 4 bath

40 Waterspout
Irvine, California 92620
Property Price
SUMMARY
Analysis of 40 Waterspout, Irvine, California 92620 reveals a Fairly Priced Property with a current list price of $2,199,888 aligned with the estimated $2,213,190 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 40 Waterspout Subject | $2,199,888* List Price | 4 | 4 | 2,718 | $814 | - |
A 61 Acorn Glen Sold | $2,300,000 | 4 | 3 | 2,734 | $841 | 0.3 mi |
B 72 Honeyflower Sold | $1,961,600 | 4 | 3 | 2,535 | $774 | 0.5 mi |
C 25 Sanctuary Sold | $2,320,000 | 4 | 4 | 2,695 | $861 | 0.1 mi |
D 27 Looking Glass Sold | $2,600,000 | 5 | 4 | 3,294 | $789 | 0.4 mi |
E 73 Bloomington Sold | $2,300,000 | 4 | 4 | 2,802 | $821 | 0.4 mi |
F 112 Velvet Leaf Sold | $2,238,000 | 5 | 4 | 2,630 | $851 | 0.4 mi |
G 70 Twin Gables Active | $2,199,000 List Price | 4 | 3 | 2,482 | $886 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2005, the property is approximately 20 years old and remains in move-in ready condition. It features significant functional upgrades including a newer HVAC system and paid solar panels, which extend the lifespan of major systems. The interior has been freshly repainted, and the kitchen is well-equipped with high-end features like double ovens and a built-in refrigerator. While the styling reflects its original construction era, the lack of deferred maintenance and the presence of modern efficiency upgrades align with the 'good' classification.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Jeffrey Trail Middle (9/10). High School: Irvine High School (9/10).
- Versatile Multi-Generational Layout
The floor plan features a rare main-floor bedroom with a full bath and a private third-story bonus suite, providing exceptional flexibility for guests, extended family, or a secluded home office.
- Energy Efficiency & Smart Upgrades
The inclusion of paid solar panels and a newer HVAC system offers significant long-term utility savings and peace of mind, complemented by a fresh, move-in-ready interior.
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 = 3666, living area = 2718.
- Limited Outdoor Space
With a lot size of approximately 3,666 square feet, the backyard is compact and low-maintenance, which may not appeal to buyers seeking a large garden or expansive play area.
- Vertical Living Constraints
The three-story configuration requires significant stair usage for daily living, which could be a deterrent for some buyers despite the presence of an optional chair lift.
About 40 Waterspout
From the moment you step inside, the home feels both spacious and intentional. With 4 bedrooms, 4 full bathrooms, and approximately 2,718 square feet, every level offers room to live, gather, and grow. On the main floor, a rare bedroom with a full bath creates immediate versatility - perfect for visiting family, multigenerational living, or a quiet home office tucked away from the rest of the house. At the center of it all is the kitchen - expansive, welcoming, and designed for connection. Double ovens, a built-in refrigerator, and an oversized island anchor the space, while generous cabinetry and counter space make everyday life feel organized and effortless. It opens seamlessly to the living area, making weeknight dinners and weekend gatherings equally comfortable. Freshly repainted from top to bottom, the home carries a bright, move-in-ready energy. Paid solar panels and a newer HVAC system add a layer of smart efficiency - thoughtful upgrades that quietly contribute to long-term savings. Upstairs, the primary suite feels like a retreat at the end of the day. Two closets, dual sinks, a soaking tub, and separate shower create a space that is both functional and restorative. A second-floor laundry room with a sink adds convenience exactly where you need it. Throughout the home, three built-in desk areas provide natural spaces for work, study, or creativity - designed for the way we truly live today. One of the home’s most special features awaits on the top floor: a bonus room with its own full bathroom. Whether envisioned as a fifth bedroom, private guest suite, media room, home gym, or kids’ hangout, this flexible space adapts as life evolves. An optional chair lift offers accessibility and can be removed at the buyer’s request. Outside, the private backyard is peaceful and low-maintenance, with turf and excellent privacy — a place to unwind, entertain, or simply enjoy a quiet morning. Living in Woodbury means enjoying parks, pools, and walking trails just moments away, easy access to the Great Park — without the higher Mello Roos — and placement within the highly regarded Portola High School, rated 10/10 on GreatSchools. 40 Waterspout is more than a home with great square footage — it’s a space designed to evolve with you, offering flexibility, efficiency, and long-term value in one of Irvine’s most established and sought-after communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 3,666 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $210.0 / Month
Neighborhood Insights
Irvine Unified Schools
Woodbury Elementary School
Grades K-6 • 0.4 mi
Jeffrey Trail Middle
Grades 7-8 • 0.5 mi
Irvine High School
Grades 9-12 • 1.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 63% |
| Square foot | 2,718 | 2,550 | 65% |
| Lot Size | 3,666 | 5,000 | 20% |
| Price | $2.20M | $1.96M | 59% |
| Price per sq ft | $809 | $837 | 41% |
| Built year | 2005 | 1996 | 63% |
| HOA | $210.0 | $135 | 85% |
| Days on market | 50 | 186 | 4% |
Pricing History
Listed for Sale
Jan 16, 2026
$2,199,888
Initial Listing
Sold
Dec 6, 2005
$954,500
Public Record







































