5 Carob, Irvine, California 92612, Irvine, 92612 - 3 bed, 2 bath
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Irvine, California 92612
This Exceptional Turnkey Single-Level Residence is a Prime Investment Opportunity, listed at $1,460,000—positioned well below the $1,505,030 Fair Market Value by 2%. This valuation gap offers $45,030 in Instant Equity. Boasting an Excellent Condition Rating, the home features a remodeled kitchen, solar power, and forested greenbelt views. Located in the prestigious Irvine Unified School District near 9/10-rated University High, this property combines financial logic with a premium lifestyle. It is an ideal match for Owner-Occupants or growing families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5 Carob Subject | $1,460,000* List Price | 3 | 2 | 1,532 | $982 | - |
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 5111 Maple Sold | $1,268,000 | 3 | 2 | 1,398 | $907 | 0.3 mi |
F 6 Banyan Tree Sold | $1,540,000 | 4 | 2 | 1,916 | $804 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations that meet current quality standards. Key updates include a fully remodeled kitchen with newer cabinetry and appliances, a beautifully updated primary bathroom, new waterproof composite flooring, and fresh interior paint. Additionally, major systems have been replaced recently, including a new tile roof with solar panels and an energy-efficient HVAC system, making it move-in ready with no deferred maintenance.
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 remodeled kitchen and primary bath, new energy-efficient 4-ton HVAC system, and a SunRun solar system, ensuring a move-in-ready experience.
Positioned on a quiet cul-de-sac with no direct neighbor on one side, this single-level home offers a rare degree of seclusion, a large private driveway, and a generous 5,700 sqft lot.
The presence of a sound wall at the property boundary indicates potential ambient traffic noise from adjacent thoroughfares, which may impact the tranquility of the outdoor living spaces.
Built in 1973, the property and the Terrace community may reflect the architectural limitations and aging common-area infrastructure typical of 50-year-old developments compared to newer Irvine villages.
Offered for only the second time since originally built, welcome to 5 Carob—an exceptional end-unit home on a peaceful cul-de-sac at the edge of the highly desirable Terrace community in University Park. Featuring the largest Cambridge floor plan with 3 bedrooms and 2 baths, this thoughtfully upgraded residence offers privacy, comfort, and energy-efficient living. Recent improvements include a newer tile roof with owned solar for significant energy savings, fresh interior paint, new designer carpet, updated landscaping with exterior lighting, and an energy-efficient 4-ton HVAC system. The perimeter location provides added privacy with no direct neighbor on one side, a generous driveway, attached two-car garage, and mature trees surrounding the property. A nearby landscaped sound wall provides a visual buffer and additional separation. Inside, the updated kitchen features newer cabinetry, countertops, and appliances with large windows overlooking the landscaping. The kitchen opens to a bright dining area, while the spacious living room includes a fireplace, wet bar, and direct access to the expansive patio—ideal for indoor-outdoor living and entertaining. The primary suite offers dual closets and an updated bathroom with a remodeled walk-in shower and solar tube for natural light. Secondary bedrooms feature new designer carpet, with one offering double French doors—ideal for a home office or flex space. Enjoy two private patios, including a courtyard off a secondary bedroom and a larger professionally landscaped patio off the main living area, perfect for relaxing or entertaining. Additional upgrades include waterproof laminate flooring, automatic sprinklers, exterior lighting, and the newer roof with owned solar, helping reduce utility costs. The insulated, air-conditioned garage provides flexible space for a gym, workshop, or hobbies, plus generous attic storage. The Terrace is a 33-acre tree-lined community with low HOA dues and amenities including greenbelts, two pools and spas, clubhouse, BBQ areas, and tot lots. Located within the highly regarded Irvine Unified School District and close to shopping, dining, and commuter routes, this home offers comfort and convenience in one of Irvine’s most established neighborhoods. A rare opportunity to own a private, move-in ready home in a premier Irvine location.
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 | 48% |
| Square foot | 1,532 | 1,708 | 40% |
| Lot Size | 5,700 | 4,230 | 84% |
| Price | $1.46M | $1.49M | 48% |
| Price per sq ft | $953 | $934 | 60% |
| Built year | 1973 | 1974 | 40% |
| HOA | $352.8 | $294 | 72% |
| Days on market | 26 | 96 | 4% |
Mar 27, 2026
$1,460,000
Initial Listing