48 Monroe, Irvine, California 92620, Irvine, 92620 - 3 bed, 3 bath
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Irvine, California 92620
This Turnkey Condominium represents a Strong Value Opportunity, listed at $999,888—positioned well below the $980,239 Fair Market Value by -2%. Featuring a Condition Rating of 3, this home includes a Granite Kitchen, Luxury Vinyl Flooring, and updated major systems. Located in the Irvine Unified School District with access to Top-Rated Schools like Northwood High, it offers a Private Patio and community amenities. This property balances financial stability with a premium lifestyle, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48 Monroe Subject | $999,888* List Price | 3 | 3 | 1,288 | $761 | - |
A 305 Huntington Sold | $920,000 | 3 | 3 | 1,224 | $752 | 0.5 mi |
B 65 Remington Sold | $940,000 | 3 | 3 | 1,224 | $768 | 0.4 mi |
C 30 Remington Sold | $745,000 | 2 | 2 | 987 | $755 | 0.5 mi |
D 257 Huntington Sold | $730,000 | 2 | 2 | 987 | $740 | 0.6 mi |
E 178 Monroe Active Under Contract | $879,000 List Price | 2 | 3 | 1,148 | $766 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1985, the property is well-maintained and move-in ready. Major systems including the HVAC, furnace, and windows were replaced 9 years ago. The interior features functional updates within the 5-15 year range, such as granite countertops, stainless steel appliances, newer tile, and luxury vinyl flooring.
Elementary School: Santiago Hills Elementary School (9/10). Middle School: Sierra Vista Middle School (9/10). High School: Northwood High School (9/10).
The property is zoned for the highly-coveted Irvine Unified School District, including top-rated Northwood High and Brywood Elementary, which significantly bolsters long-term resale value.
With a substantial $70,000 price reduction, low HOA dues of $270, and no Mello-Roos, this home offers a rare and affordable entry point into the Northwood community.
The property listing indicates no significant views, which may limit its appeal to buyers seeking the panoramic vistas often found in premium Southern California real estate.
With 1,288 square feet distributed across three bedrooms and three bathrooms, the interior layout may feel somewhat constrained for families prioritizing spacious common areas.
Freshly priced — over $70,000 below the original ask. Three bedrooms. Two stories. One of the best-value addresses in Irvine. Tucked into Northwood's canopy of mature trees, this well-appointed condo delivers the lifestyle Irvine buyers come for: top-ranked schools, low-crime living, access to world-class dining, shopping and entertainment - and a neighborhood that holds its value. All at a price point that rarely surfaces in this zip code. The main floor flows effortlessly: elegant tile flooring, an open kitchen with granite countertops, and a family room designed for real life and easy entertaining. Upstairs, luxury vinyl flooring runs through all three bedrooms, and the primary suite steps up the finish level with a custom granite vanity and a travertine shower that feels distinctly elevated for this price range. The big-ticket systems — A/C, furnace, dual-pane windows, dishwasher — were all replaced roughly nine years ago. Washer, dryer, and refrigerator are included. Indoor laundry. There is a detached 2-car garage and a private patio yard made for Southern California evenings! When you aren’t enjoying your private patio, explore the nearby Irvine Spectrum and the Irvine and Tustin Marketplace: from world-class dining like Din Tai Fung and Mastro’s to premium shopping at Nordstrom and Lululemon, and a huge sixteen screen Regal Theater, everything you need is just a short drive away! The community delivers, too. Two pools and spas, park-like grounds, and a tot lot, all with HOA dues of just $270/month and no Mello-Roos! Residents are zoned for Brywood Elementary, Sierra Vista Middle, and Northwood High — consistently among the most sought-after schools in Orange County. And highly-acclaimed University California Irvine (UCI) and Irvine Valley College (IVC) are minutes away. Close by is the Irvine Spectrum, Irvine Marketplace, Tustin Marketplace, the Woollett Aquatics Center, Heritage Community Park, and freeway access that puts all of it within reach. Homes in Northwood Timberline don't come up often. At this new price, this one won't last.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.4 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,288 | 1,658 | 20% |
| Lot Size | - | 7,081.5 | 34% |
| Price | $999.9K | $1.40M | 23% |
| Price per sq ft | $776 | $822 | 40% |
| Built year | 1985 | 2012 | 13% |
| HOA | $270.0 | $194 | 73% |
| Days on market | 43 | 135 | 4% |
May 27, 2026
$999,888
$1,070,000
-7% Price Drop
Initial Listing
Apr 24, 2026
$1,070,000
Initial Listing
Oct 19, 2016
$515,000
Public Record
Feb 5, 2007
$550,000
Public Record
Jan 29, 1998
$150,000
Public Record
Aug 31, 1995
$179,000
Public Record