49 Meadowgrass, Irvine, California 92604, Irvine, 92604 - 3 bed, 2 bath
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Irvine, California 92604
This Spacious Woodbridge Condominium is a Prime Investment Opportunity, listed at $949,800—positioned well below the $987,296 Fair Market Value by 3%. This valuation gap offers $37,496 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the interior features stone countertops, double-pane windows, and a modern mini-split HVAC system. Located within the prestigious Irvine Unified School District with access to resort-style amenities and a private patio, this home perfectly balances financial upside with lifestyle appeal. It is an ideal match for Owner-Occupants or first-time buyers seeking a move-in ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 49 Meadowgrass Subject | $949,800* List Price | 3 | 2 | 1,220 | $809 | - |
A 38 Wetstone Sold | $1,225,000 | 3 | 2 | 1,401 | $874 | 0.5 mi |
B 22 Firebird 71 Sold | $1,075,000 | 3 | 2 | 1,262 | $852 | 0.6 mi |
C 82 Eagle 43 Sold | $715,000 | 3 | 1 | 1,084 | $660 | 0.4 mi |
D 12 Primrose Sold | $1,200,000 | 3 | 2 | 1,532 | $783 | 1.0 mi |
E 10 Pinewood Sold | $1,100,800 | 2 | 2 | 1,371 | $803 | 0.4 mi |
F 57 Pinewood Sold | $1,225,000 | 2 | 2 | 1,477 | $829 | 0.4 mi |
G 95 Wildwood Active | $768,000 List Price | 3 | 2 | 1,084 | $708 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1977 but features a well-maintained interior with renovations likely completed within the last 5-15 years. The kitchen and bathrooms have been updated with stone countertops and wood cabinetry. Notable system upgrades include a modern mini-split HVAC unit and double-pane windows, making the home functional and move-in ready.
Situated in the highly desirable Woodbridge area, the property offers exceptional access to top-rated Irvine Unified schools, community parks, and major transportation arteries like the 5 and 405 freeways.
The home features energy-efficient double-pane windows and a well-maintained, clean interior, reducing the immediate need for capital improvements upon possession.
A spacious kitchen and breakfast nook lead directly to a private patio, providing a tranquil outdoor retreat that enhances the functional living square footage.
With only 1.5 bathrooms serving three bedrooms, the layout may present logistical challenges for families and could impact long-term resale value compared to full two-bath units.
The property listing specifies no significant views, which may be a drawback for buyers prioritizing the aesthetic appeal of Irvine’s greenbelts or city lights.
This beautiful and spacious 3 bedroom 1.5 Bath located a quite great community in the center of Irvine. Spaciious kitchen with Breakfast Nook will provide a beauitiful private patio view which offers your peaceful private daily life.. Newrly upgraded interior included double pane window and super clean through out the home. It located closed to shops, schools, parks, community sports complex, and 5 & 405 freeway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,220 | 1,262 | 44% |
| Lot Size | 1,220 | 1,600 | 48% |
| Price | $949.8K | $1.04M | 33% |
| Price per sq ft | $779 | $779 | 50% |
| Built year | 1977 | 1977 | 50% |
| HOA | $358.8 | $410 | 30% |
| Days on market | 5 | 149 | 4% |
Apr 17, 2026
$949,800
Initial Listing
Sep 27, 2012
$300,000
Public Record
May 31, 2007
$565,000
Public Record
Feb 5, 2004
$400,000
Public Record