5 Carob, Irvine, California 92612, Irvine, 92612 - 3 bed, 2 bath
Loading property details...
Irvine, California 92612
This Turnkey Single-Family Residence is a Strong Value Opportunity, listed at $1,399,000—positioned well below the $1,460,000 Fair Market Value by 4%. This valuation gap offers $61,000 in Instant Equity. Boasting an Excellent Condition Rating, the home features a new roof, HVAC, and solar. Located in the elite Irvine Unified School District, it provides a premium lifestyle for discerning professionals or owner-occupants seeking a move-in ready sanctuary with private patio space and mature greenbelt views.
Turnkey 3BR Irvine home in top-rated school district. Fully renovated with solar, new HVAC, and private patio. $61k instant equity. Move-in ready luxury living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5 Carob Subject | $1,399,000* List Price | 3 | 2 | 1,532 | $953 | - |
A 39 S Dogwood S Sold | $1,393,000 | 3 | 2 | 1,392 | $1,001 | 0.2 mi |
B 17322 Rosewood Sold | $1,520,000 | 3 | 2 | 1,532 | $992 | 0.2 mi |
C 12 Juniper Sold | $1,435,000 | 3 | 2 | 1,532 | $937 | 0.3 mi |
D 8 Dogwood S Sold | $1,390,000 | 3 | 2 | 1,532 | $907 | 0.1 mi |
E 6 Banyan Tree Sold | $1,540,000 | 4 | 2 | 1,916 | $804 | 0.8 mi |
F 48 Willow Tree Lane Sold | $1,488,000 | 3 | 3 | 1,708 | $871 | 0.8 mi |
G 1 Dogwood N Active Under Contract | $1,399,000 List Price | 3 | 2 | 1,532 | $913 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1973, the property qualifies as Excellent due to a comprehensive recent renovation (<5 years). Key high-ticket systems are new, including the roof and a 4-ton HVAC system, plus the addition of owned solar. The kitchen and primary bath have been fully remodeled with modern cabinetry and stainless appliances, and the interior features fresh paint and new flooring, making it a mint-condition, turnkey home.
Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
The property features significant recent capital improvements, including a new roof, a new 4-ton HVAC system, owned solar panels, and fully remodeled kitchen and bathrooms, ensuring a move-in-ready experience.
As the largest floor plan in The Terrace, this single-story end-unit is ideally positioned on a cul-de-sac, offering enhanced privacy, extra natural light, and a functional layout with no stairs.
With 59 days on the market and two consecutive price reductions, the property has faced initial pricing resistance compared to the typical velocity of the Irvine real estate market.
While the home offers private patios, the absence of a traditional private yard may deter buyers specifically looking for green space or a larger outdoor area for children or pets.
The largest floor plan in The Terrace — fully upgraded, single-story, end-unit on a cul-de-sac with open space and mature trees alongside for added privacy. 3 bed | 2 bath | attached 2-car garage with extended driveway. Upgrades are extensive and recent: new roof, new 4-ton HVAC, owned solar (~$17/mo electric), remodeled kitchen with new cabinetry, countertops & appliances, remodeled primary bath, new composite laminate flooring, new carpet, fresh paint throughout. Large attic storage accessible via full-size pull-down ladder. No projects — just move in. Primary suite has dual closets, walk-in shower & solar tube. Second bedroom opens to a private patio. Third bedroom has French doors — ideal as office, den, or flex space. Enclosed private patio with gate access, custom planters and mature roses — low-maintenance and beautifully finished. 33 acres of greenbelts, 2 pools, spas, clubhouse & BBQ — low HOA. Irvine Unified | University High. Close to UCI, dining, shopping & commuter routes. Only 3-bed single-story available in The Terrace at this price. Step inside — this one shows better than it reads.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades 7-8 • 0.6 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 41% |
| Square foot | 1,532 | 1,749 | 38% |
| Lot Size | 5,700 | 4,230 | 79% |
| Price | $1.40M | $1.52M | 34% |
| Price per sq ft | $913 | $907 | 52% |
| Built year | 1973 | 1974 | 41% |
| HOA | $352.8 | $294 | 69% |
| Days on market | 71 | 122 | 14% |
May 20, 2026
$1,399,000
$1,430,000
-2% Price Drop
Initial Listing
Apr 24, 2026
$1,430,000
$1,460,000
-2% Price Drop
Initial Listing
Mar 27, 2026
$1,460,000
Initial Listing