5041 Corkwood, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath
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5041 Corkwood
Irvine, California 92612
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,894Sq Ft
6,650Lot Size
Property Price
LIST PRICE$1,995,000
EST. MARKET VALUE
$1,813,918
9% AboveMARKET VALUE
SUMMARY
This Stunning Move-In Ready Home is listed at $1,995,000, reflecting a premium position relative to its $1,813,919 Fair Market Value. While priced above the current estimation, the property offers an Excellent Condition Rating with modern updates and a rare, expansive corner lot in the prestigious University Park community. With Top-Rated Schools like Rancho San Joaquin Middle and University High, this residence provides a secure, high-lifestyle environment. It is an ideal acquisition for discerning families or professional couples seeking a turnkey, single-story sanctuary in a prime Irvine location.
Estimated Market Value
$1,813,918
Based on Realkey algorithm analyzing recent comparable sales in Irvine.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5041 Corkwood Subject 2 bd · 2 ba · 1,894 sqft · $958 | $1,995,000* List Price | 2 | 2 | 1,894 | $958 | - |
A 5031 Corkwood Sold 4 bd · 3 ba · 2,182 sqft · $917 · 0.0 mi | $2,000,000 | 4 | 3 | 2,182 | $917 | 0.0 mi |
B 4612 Green Tree Sold 4 bd · 3 ba · 2,316 sqft · $745 · 0.5 mi | $1,725,000 | 4 | 3 | 2,316 | $745 | 0.5 mi |
C 2 Featherwood Sold 3 bd · 2 ba · 1,532 sqft · $1,162 · 0.6 mi | $1,780,000 | 3 | 2 | 1,532 | $1,162 | 0.6 mi |
D 26 Seton Sold 3 bd · 2 ba · 1,494 sqft · $947 · 0.7 mi | $1,415,000 | 3 | 2 | 1,494 | $947 | 0.7 mi |
E 19 Whitewood Sold 3 bd · 3 ba · 2,304 sqft · $819 · 0.8 mi | $1,888,000 | 3 | 3 | 2,304 | $819 | 0.8 mi |
F 9 Teakwood Active 3 bd · 3 ba · 1,951 sqft · $820 · 0.1 mi | $1,600,000 List Price | 3 | 3 | 1,951 | $820 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1974, the property has undergone significant renovations likely within the last 5-15 years. The kitchen and bathrooms feature updated white cabinetry, stainless steel appliances, and modern fixtures like vessel sinks. The interior is well-maintained with hardwood flooring, recessed lighting, and clean finishes, making it fully move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
- Expansive Corner Lot
Situated on a large corner lot with only one adjacent neighbor, this property offers exceptional privacy and significant outdoor space for gardening or creating a private retreat.
- Highly Desirable Single-Story Layout
The rare single-story floor plan provides a functional and accessible living space that is highly sought after in the University Park community for its ease of living.
CONSRISKS & DEFICIENCIES
- Limited Bedroom Count
At a nearly $2 million price point, the current 2-bedroom configuration may be a drawback for larger families or buyers requiring more formal sleeping quarters.
- Potential for Modernization
Built in 1974, the property is presented as an opportunity to personalize, suggesting that additional investment may be needed to update the home to contemporary luxury standards.
About 5041 Corkwood
RARE SINGLE-STORY HOME ON AN EXPANSIVE CORNER LOT IN UNIVERSITY PARK! Discover the charm and individuality of 5041 Corkwood Lane, a distinctive single-story, single-family residence nestled in the desirable University Park community of Irvine. Showcasing unique architectural character, expansive windows, and a spacious corner lot, this home offers a special blend of natural light, versatility, and opportunity. Large, expansive windows invite abundant natural light into the home, creating a bright, airy atmosphere and enhancing the home's distinctive architectural appeal. The single-story floor plan offers comfortable, easy-living convenience and is currently configured as a 2-bedroom residence with an additional flexible den/office space that offers potential for use as a third bedroom, subject to applicable requirements. Whether envisioned as a home office, creative space, or additional sleeping area, this versatile room provides flexibility to accommodate a variety of lifestyles. The generously sized corner lot offers added outdoor space and a sense of openness, providing an inviting setting for outdoor enjoyment, gardening, or creating your own private retreat. An indoor laundry area adds everyday practicality, while the home's unique architecture and thoughtful layout distinguish it from more conventional residences. Enjoy the convenience of University Park living, with nearby shopping, dining, parks, recreational amenities, and everyday services within the surrounding Irvine community. Its desirable location offers convenient access to local amenities while maintaining the appeal of an established residential neighborhood. The corner lot offers maximum privacy with only one next-door neighbor. Only 100 yards away from the neighborhood amenities; secured access to a community only pool, private tennis courts, children's playground, volleyball court, picnic area and more! With its sought-after single-story design, light-filled interiors, expansive corner lot, flexible floor plan, and distinctive architectural character, this home presents a wonderful opportunity to personalize a truly unique property in Irvine.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1974
- Lot Size
- 6,650 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $170.0 / Month
Neighborhood Insights
Irvine Unified Schools
University Park Elementary School
Grades K-6 • 0.7 mi
6/10
Rancho San Joaquin Middle School
Grades 7-8 • 0.3 mi
9/10
University High School
Grades 9-12 • 0.9 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,894 | 2,494.069 |
| Lot Size | 6,650 | 4,993.672 |
| Price | $2.00M | $2.07M |
| Price per sq ft | $1.1K | $867 |
| Built year | 1974 | 1999 |
| HOA | $170.0 | $195 |
| Days on market | 4 | 56 |
Pricing History
Listed for Sale
Oct 21, 2026
$1,995,000
Initial Listing
Sold
May 10, 2001
$380,000
Public Record