56 Monticello, Irvine, California 92620, Irvine, 92620 - 3 bed, 3 bath
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56 Monticello
Irvine, California 92620
ACTIVE
CONDITION: EXCELLENT
3Beds
3Baths
2,366Sq Ft
5,500Lot Size
Property Price
LIST PRICE$1,790,000
EST. MARKET VALUE
$1,902,216
5% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,790,000—positioned well below the $1,902,216 Fair Market Value by 5%. This valuation gap offers $112,216 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home includes a fully remodeled kitchen, luxury vinyl flooring, and a 25-year repiping warranty. Located in the elite Northwood High School district, this property offers a premium lifestyle with a private pool. It is an ideal acquisition for Owner-Occupants or discerning families seeking a move-in ready sanctuary.
Estimated Market Value
$1,902,216+$112,216 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 56 Monticello Subject 3 bd · 3 ba · 2,366 sqft · $804 | $1,790,000* List Price | 3 | 3 | 2,366 | $804 | - |
A 28 Cambridge Sold 4 bd · 3 ba · 2,559 sqft · $817 · 0.1 mi | $2,090,000 | 4 | 3 | 2,559 | $817 | 0.1 mi |
B 20 Farragut Sold 4 bd · 3 ba · 2,524 sqft · $683 · 0.2 mi | $1,725,000 | 4 | 3 | 2,524 | $683 | 0.2 mi |
C 64 Bennington Sold 4 bd · 3 ba · 2,205 sqft · $880 · 0.2 mi | $1,940,000 | 4 | 3 | 2,205 | $880 | 0.2 mi |
D 4171 Blackfin Sold 4 bd · 3 ba · 2,550 sqft · $724 · 0.8 mi | $1,845,000 | 4 | 3 | 2,550 | $724 | 0.8 mi |
E 15 Bluecoat Sold 4 bd · 3 ba · 2,000 sqft · $808 · 0.2 mi | $1,615,000 | 4 | 3 | 2,000 | $808 | 0.2 mi |
F 26 Alegria Sold 4 bd · 3 ba · 2,400 sqft · $785 · 0.8 mi | $1,885,000 | 4 | 3 | 2,400 | $785 | 0.8 mi |
G 16 Harrisburg Sold 5 bd · 3 ba · 3,029 sqft · $710 · 0.1 mi | $2,150,000 | 5 | 3 | 3,029 | $710 | 0.1 mi |
H 12 Mayflower Sold 4 bd · 3 ba · 2,300 sqft · $850 · 0.5 mi | $1,955,000 | 4 | 3 | 2,300 | $850 | 0.5 mi |
I 31 Columbus Active 4 bd · 3 ba · 2,109 sqft · $804 · 0.4 mi | $1,695,000 List Price | 4 | 3 | 2,109 | $804 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive, high-end renovation (likely <5 years) and is in mint, turnkey condition. Key updates include a fully remodeled kitchen with Kitchen-Aid appliances, all bathrooms updated with quartz and porcelain, new luxury vinyl flooring, and a whole-house repiping with a 25-year warranty, addressing major systems.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Santiago Hills Elementary School (9/10). Middle School: Sierra Vista Middle School (9/10). High School: Northwood High School (9/10).
- Financial Value
The property features no HOA fees and no Mello-Roos assessments, offering significant monthly savings and enhanced long-term affordability compared to most Irvine neighborhoods.
- Turnkey Renovations
This fully remodeled home includes high-end porcelain tile, quartz countertops, and a whole-house repiping with a 25-year warranty, providing a move-in-ready experience with major infrastructure peace of mind.
CONSRISKS & DEFICIENCIES
- Limited Yard Space
While the private swimming pool is a luxury feature, it occupies a large portion of the 5,500-square-foot lot, leaving minimal traditional green space or lawn for other outdoor activities.
- Bedroom Configuration
At a price point of $1.79M, the three-bedroom layout (plus den) may be perceived as a limitation for larger families compared to other four-bedroom alternatives in the Northwood area.
About 56 Monticello
NO HOA,NO MELLO-ROOS,REMODELED AND TURNKEY! 3 BEDROOMS PLUS DEN.THE WHOLE HOUSE REPIPING WITH 25 YEAR WARRANTEE. Fully renovated home is nested in the desirable Northwood of Irvine. Sophisticated upgraded throughout. This home features luxury Vinyl flooring, Recessed and elegant lighting, Dural-panel windows. All the bathrooms have been remodeled with high-end porcelain tile, quartz countertops and vanities. Upon entering, you are greeted by a bright and airy living room with high ceiling, add to the sense of openness. The family room with a cozy fireplace opening directly to the backyard though sliding glass door. The fully remodeled kitchen overlooking the backyard and swimming pool features elegant quartz countertops, white cabinetry,Kitchen-Aid brand stainless steel appliances. The main floor offers a room and a renovated bathroom, this space can serve as a dinning room, home office ,guest room or a private retreat for family members. The impressive large primary suite overlooking the swimming pool serves as a private retreat. The luxury primary bathroom features high-end porcelain tile finishes, quartz countertops, walk-in shower and free standing bathtub.The property ideally located within Sierra Vista Middle School and Northwood High School, walking distance of Northwood Community Park, convenient access to Shopping,Dinning and Major Freeways.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 5,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Irvine Unified Schools
Northwood Elementary School
Grades K-6 • 0.5 mi
7/10
Brywood Elementary School
Grades K-6 • 0.5 mi
8/10
Santiago Hills Elementary School
Grades K-6 • 0.6 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,366 | 2,494.069 |
| Lot Size | 5,500 | 4,993.672 |
| Price | $1.79M | $2.07M |
| Price per sq ft | $757 | $867 |
| Built year | 1978 | 1999 |
| HOA | $0 | $195 |
| Days on market | 24 | 56 |
Pricing History
Listed for Sale
Oct 1, 2026
$1,790,000
Initial Listing
Sold
Nov 26, 2024
$1,625,000
Public Record
Sold
Feb 10, 2000
$345,000
Public Record