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5111 Alder, Irvine, California 92612, Irvine, 92612 - 3 bed, 2 bath

5111 Alder, Irvine, California 92612 home-pic-0
ACTIVE$1,474,000
5111 Alder, Irvine, California 92612
3Beds
2Baths
1,532Sqft
5,200Lot

Price Vs. Estimate

The estimated value ($1,138,516.94) is $335,483.06 (22%) lower than the list price ($1,474,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
Top Cons:
Lack of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant drawback during warmer months in Irvine and may require a future investment for installation.

Compared to the nearby listings

Price:$1.47M vs avg $1.43M (+$49,000)54%
Size:1,532 sqft vs avg 1,592 sqft49%
Price/sqft:$962 vs avg $91174%

More Insights

Built in 1973 (52 years old).
Condition: While the property benefits from recent cosmetic updates such as new wood-look ceramic tile flooring, fresh interior paint, a new fireplace (2023), and a new kitchen backsplash (2023) with resurfaced cabinetry, it falls short of a 'Good' rating. The home was built in 1973, and a key weakness noted is the 'Lack of Central Air Conditioning,' which is a significant functional deficiency for a modern home in Irvine. Additionally, the visible bathroom (Image 4) appears dated with older fixtures and finishes. The status of other major systems (plumbing, electrical, roof) for a 51-year-old home is unspecified, leading to potential future costs. These factors indicate that while the property is well-maintained and move-in ready cosmetically, it requires minor updates (like the bathroom) and a significant repair/upgrade (central AC) to meet current quality standards, aligning it with a 'Fair' condition.
Year Built
1973
Close
-
List price
$1.47M
Original List price
$1.55M
Price/Sqft
$962
HOA
$294
Days on market
-
Sold On
-
MLS number
CV25082000
Home ConditionFair
Features
Patio
View-

About this home

FINAL PRICE REDUCTION FOR QUICK SALE! Hurry before the property goes off market on rent. All offers will be reviewed and considered. Nestled in one of Irvine’s most desirable and safest neighborhoods—The Terrace in University Park—this stunning and meticulously maintained single-level home offers a perfect blend of comfort, elegance, and modern upgrades. Step inside to discover spacious interiors illuminated by natural light pouring through large windows and doors, all adorned with elegant plantation shutters. The main living areas feature newly installed durable wood-look ceramic tile flooring, and the new fireplace (2023) adds warmth and style. Fresh interior paint enhances the bright, clean ambiance throughout. The expansive primary suite boasts beautiful laminate flooring, a private multi-room bathroom, and direct access to the serene backyard. Two closets with custom built-in shelving provide ample storage. A secondary bedroom includes its own private patio retreat, while all bedrooms are equipped with large closets and built-in organizers. The thoughtfully designed kitchen features granite countertops, a new tiled backsplash (2023), resurfaced cabinetry, and a cozy breakfast nook. A formal dining area offers lovely views of the backyard—perfect for family gatherings. Enjoy the convenience of an individual laundry room equipped with a washer and dryer. This home offers abundant storage throughout, including a welcoming entryway closet ideal for coats and shoes. Step outside to a spacious backyard featuring a charming stone planter along the blooming garden beds—perfect for relaxing afternoons or entertaining guests over a barbecue. The attached two-car garage boasts sleek epoxy flooring, complemented by a large driveway for additional parking. Community amenities are exceptional, featuring two recreation areas with pools, spas, BBQs, two tot lots, and a rentable clubhouse. Ideally located near top-rated Irvine Unified schools, UC Irvine, shopping centers, dining, golf courses, and the 405 freeway, this home truly has it all. Don’t miss the opportunity to own this exceptional property in the heart of Irvine!

Nearby schools

6/10
University Park Elementary School
Public,•K-6•0.9mi
9/10
Rancho San Joaquin Middle School
Public,•7-8•0.2mi
9/10
University High School
Public,•9-12•1.2mi
Condition Rating
Fair
While the property benefits from recent cosmetic updates such as new wood-look ceramic tile flooring, fresh interior paint, a new fireplace (2023), and a new kitchen backsplash (2023) with resurfaced cabinetry, it falls short of a 'Good' rating. The home was built in 1973, and a key weakness noted is the 'Lack of Central Air Conditioning,' which is a significant functional deficiency for a modern home in Irvine. Additionally, the visible bathroom (Image 4) appears dated with older fixtures and finishes. The status of other major systems (plumbing, electrical, roof) for a 51-year-old home is unspecified, leading to potential future costs. These factors indicate that while the property is well-maintained and move-in ready cosmetically, it requires minor updates (like the bathroom) and a significant repair/upgrade (central AC) to meet current quality standards, aligning it with a 'Fair' condition.
Pros & Cons

Pros

Great Schools: Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
Prime Location & Community Amenities: Nestled in 'The Terrace' of University Park, one of Irvine’s most desirable and safest neighborhoods, offering exceptional community amenities including pools, spas, BBQs, tot lots, and a clubhouse. It's ideally located near top-rated Irvine Unified schools, UC Irvine, shopping, dining, golf courses, and freeway access.
Extensive Modern Upgrades: The home features significant recent updates, including newly installed durable wood-look ceramic tile flooring, a new fireplace (2023), fresh interior paint, a new tiled backsplash (2023), and resurfaced kitchen cabinetry, enhancing its modern appeal and move-in readiness.
Desirable Single-Level Layout: This meticulously maintained single-level home offers highly sought-after accessibility and ease of living, appealing to a wide range of buyers.
Spacious & Functional Interior: The property boasts spacious interiors illuminated by natural light, elegant plantation shutters, an expansive primary suite with a private multi-room bathroom and custom built-in shelving, and an individual laundry room, providing comfort and convenience.
Enhanced Outdoor Living & Parking: A spacious backyard with charming stone planters and blooming garden beds offers an ideal space for relaxation and entertaining. The attached two-car garage features sleek epoxy flooring, complemented by a large driveway for additional parking.

Cons

Lack of Central Air Conditioning: The property description does not mention a cooling system, which could be a significant drawback during warmer months in Irvine and may require a future investment for installation.
Potential Overpricing: The current listing price of $1.474M is significantly higher than the automated property estimation of $1.138M (-22% estimation ratio), suggesting it may be perceived as overvalued by some metrics, despite recent upgrades.
Age of Unspecified Major Systems: Built in 1973, while cosmetic updates are noted, there is no explicit mention of updates to major systems like plumbing, electrical, or the roof, which could lead to potential future maintenance or replacement costs.

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