56 Monticello, Irvine, California 92620, Irvine, 92620 - 3 bed, 3 bath

56 Monticello, Irvine, California 92620 home-pic-0
ACTIVE$2,080,000
56 Monticello, Irvine, California 92620
3Beds
3Baths
2,366Sqft
5,500Lot

Price Vs. Estimate

The estimated value ($1,358,770.96) is $721,229.04 (34%) lower than the list price ($2,080,000). This property may be overpriced.

Key pros and cons

Top Pros:
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).
Top Cons:
Significant Overpricing: The current list price of $2.08M is substantially higher than the estimated market value of $1.36M, indicating a potential overvaluation that could deter buyers.

Compared to the nearby listings

Price:$2.08M vs avg $2.00M (+$80,000)53%
Size:2,366 sqft vs avg 2,499 sqft43%
Price/sqft:$879 vs avg $84565%

More Insights

Built in 1978 (47 years old).
Condition: Despite being built in 1978, this property has undergone a full and meticulous renovation, as explicitly stated in the description and evidenced by the images. The kitchen features brand-new stainless steel appliances, white shaker cabinets, and marble-look quartz countertops, reflecting a modern and high-quality update. The master bathroom is a luxurious retreat with a freestanding tub, double-sink vanity, and sleek glass-enclosed shower. New laminated flooring, recessed lighting, fresh paint, and a repiped plumbing system (with a 25-year warranty) further confirm an extensive renovation meeting current quality standards with virtually new components.
Year Built
1978
Close
-
List price
$2.08M
Original List price
$2.15M
Price/Sqft
$879
HOA
-
Days on market
-
Sold On
-
MLS number
OC25069307
Home ConditionExcellent
Features
Good View: Pool
Pool
Spa
Patio
ViewPool

About this home

This fully renovated home in the desirable Northwood community is a rare find, offering modern upgrated and exceptional value.The entire house has been repiped with a 25-year warranty, ensuring peace of mind for years to come.Every detail has been meticulously updated, including stunning new tile and stonework that enhances both the front and backyard, creating a polished and inviting curb appeal. The backyard is a true highlight, featuring a refreshed swimming pool with new equipment and lighting, perfect for enjoying warm days and evening outdoors. Inside, the home shines with new laminated flooring, freshly painted interior and exterior walls, and energy-efficient recessed lighting throughout. The kitchen sparkles with brand-new stainless steel appliances, while the family room and master bedroom each boast a cozy fireplace, adding warmth and charm.The living room impresses with its high ceiling, offering a spacious and airy feel. The master bathroom is a luxurious retreat , complete with double-sink vanity, a freestanding bathtub , and a sleek glass-enclosed shower room. Beyond the home's impeccable upgrades, its location is unbeatable. Situated with NO HOA, NO MELLO-ROOS and a low tax rate, it's a cost-effective gem in Northwood. Just a short walk away, you will find Northwood Community Park, a shopping center, and the award-winning Sierra Vista middle school and Northwood High School, making it an ideal spot for convenience and family-friendly living.With a beautifully landscaped front yard and a backyard oasis featuring a patio alongside the pool, this home seamlessly blends luxury, functionality, and an enviable lifestyle.

Nearby schools

7/10
Northwood Elementary School
Public,K-60.5mi
8/10
Brywood Elementary School
Public,K-60.5mi
9/10
Santiago Hills Elementary School
Public,K-60.6mi
8/10
Hicks Canyon Elementary School
Public,PK-51.3mi
8/10
Canyon View Elementary School
Public,K-61.3mi
9/10
Sierra Vista Middle School
Public,7-80.5mi
9/10
Jeffrey Trail Middle
Public,7-81.3mi
8/10
Orchard Hills School
Public,K-82.1mi
7/10
Tustin Connect Academy
Public,K-83.9mi
8/10
Arnold O. Beckman High School
Public,9-121.2mi
9/10
Irvine High School
Public,9-121.3mi
9/10
Northwood High School
Public,9-121.5mi
Condition Rating
Excellent

Despite being built in 1978, this property has undergone a full and meticulous renovation, as explicitly stated in the description and evidenced by the images. The kitchen features brand-new stainless steel appliances, white shaker cabinets, and marble-look quartz countertops, reflecting a modern and high-quality update. The master bathroom is a luxurious retreat with a freestanding tub, double-sink vanity, and sleek glass-enclosed shower. New laminated flooring, recessed lighting, fresh paint, and a repiped plumbing system (with a 25-year warranty) further confirm an extensive renovation meeting current quality standards with virtually new components.
Pros & Cons

Pros

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).
Extensive Modern Renovation: The home boasts a full renovation with modern upgrades, including new repiping (25-year warranty), new laminated flooring, fresh paint, energy-efficient recessed lighting, brand-new stainless steel appliances, and a luxurious master bathroom.
Prime Northwood Location: Situated in the highly desirable Northwood community, offering an unbeatable location within walking distance to Northwood Community Park, a shopping center, and award-winning schools (Sierra Vista Middle and Northwood High).
Exceptional Cost-Effectiveness: Benefits from no HOA fees, no Mello-Roos, and a low tax rate, significantly reducing ongoing ownership costs and enhancing long-term value.
Private Pool Oasis: Features a refreshed swimming pool with new equipment and lighting, complemented by a patio, creating an ideal backyard oasis for relaxation and entertaining.
Architectural & Comfort Features: Offers a spacious and airy feel with high ceilings in the living room, and cozy fireplaces in both the family room and master bedroom, enhancing the home's charm and appeal.

Cons

Significant Overpricing: The current list price of $2.08M is substantially higher than the estimated market value of $1.36M, indicating a potential overvaluation that could deter buyers.
Older Original Construction: Despite extensive renovations, the home was originally built in 1978, which may lead to buyer concerns about the age of the underlying structure or systems not covered by recent upgrades.
Recent Price Reduction & Market Duration: An initial price reduction from $2.15M to $2.08M, combined with being on the market for over two months, suggests potential buyer resistance to the current pricing.

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