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9 Chicory Way, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath

9 Chicory Way, Irvine, California 92612 home-pic-0
ACTIVE$1,285,000
9 Chicory Way, Irvine, California 92612
2Beds
2Baths
1,276Sqft
3,256Lot

Price Vs. Estimate

The estimated value ($903,475.675) is $381,524.325 (29%) lower than the list price ($1,285,000). 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:
Significant Overpricing: The current list price of $1,285,000 is considerably above the estimated property value of $903,475.675, indicating a potential market value discrepancy that could hinder a quick sale.

Compared to the nearby listings

Price:$1.28M vs avg $1.40M ($-115,000)34%
Size:1,276 sqft vs avg 1,592 sqft26%
Price/sqft:$1.0K vs avg $91183%

More Insights

Built in 1968 (57 years old).
Condition: The property, built in 1968, shows signs of updates but not a full recent renovation. The kitchen features granite countertops and painted white cabinets, but the tile flooring and some appliances (dishwasher, range hood) appear dated. The bathrooms, while described as having a 'custom built tub and shower, and dual sinks' in the master, still feature older tile work and fixtures. Hardwood floors in the living areas are a plus, and major systems like the roof, water heater, and AC are noted as 'newer'. However, the overall aesthetic and specific components in the kitchen and bathrooms suggest an older renovation (likely 15-30 years ago) rather than a modern update, placing it in the 'fair' category where minor updates or repairs are needed to meet current styles.
Year Built
1968
Close
-
List price
$1.28M
Original List price
$1.39M
Price/Sqft
$1,007
HOA
$181
Days on market
-
Sold On
-
MLS number
OC25071784
Home ConditionFair
Features
Patio
View-

About this home

Single story two bedroom and two bath home in the University Park area that is very low maintenance and very private. It is also located in a cul-de-sac area. The home is very light and bright with skylights in the spacious living room with high ceilings and a cozy fireplace. Large master bedroom with a custom built tub and shower, and dual sinks. Kitchen has granite counter tops and lots of cabinet space. Kitchen window overlooks the private courtyard. Home has wood floors throughout the home except in the bathrooms and kitchen. Ceiling fans in the living room and bedrooms. Has garage with direct access into the home. Separate laundry room with washer/dryer in between the garage and kitchen. Private low maintenance backyard and also has a private gated patio entrance to the home. Home has air conditioner, newer roof and water heater. HOA amenities include club house, swimming pool, tennis courts etc. Conveniently located to the 405 freeway and in a very good school district. ALL INFORMATION TO BE VERIFIED BY THE BUYERS

Nearby schools

6/10
University Park Elementary School
Public,•K-6•0.4mi
9/10
Rancho San Joaquin Middle School
Public,•7-8•0.9mi
9/10
University High School
Public,•9-12•0.5mi
Condition Rating
Fair
The property, built in 1968, shows signs of updates but not a full recent renovation. The kitchen features granite countertops and painted white cabinets, but the tile flooring and some appliances (dishwasher, range hood) appear dated. The bathrooms, while described as having a 'custom built tub and shower, and dual sinks' in the master, still feature older tile work and fixtures. Hardwood floors in the living areas are a plus, and major systems like the roof, water heater, and AC are noted as 'newer'. However, the overall aesthetic and specific components in the kitchen and bathrooms suggest an older renovation (likely 15-30 years ago) rather than a modern update, placing it in the 'fair' category where minor updates or repairs are needed to meet current styles.
Pros & Cons

Pros

Great Schools: Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
Exceptional Location & Schools: Situated in the highly desirable University Park area, within the top-rated Irvine Unified School District, and offering convenient freeway access.
Single-Story & Low Maintenance Living: The single-story layout and emphasis on 'very low maintenance' property and backyard appeal to a broad range of buyers seeking convenience and ease of care.
Valuable Community Amenities: Access to HOA amenities including a clubhouse, swimming pool, and tennis courts enhances the lifestyle offering and overall property value.
Key Updates & Desirable Features: Recent upgrades like a newer roof, water heater, and air conditioning, combined with interior features such as granite kitchen countertops, wood floors, skylights, high ceilings, and a custom master bath, provide modern comfort and reduce immediate buyer expenses.
Enhanced Privacy & Bright Interior: Located in a quiet cul-de-sac with a private gated entrance, private courtyard, and a light, bright interior featuring skylights and high ceilings, offering a serene and inviting living environment.

Cons

Significant Overpricing: The current list price of $1,285,000 is considerably above the estimated property value of $903,475.675, indicating a potential market value discrepancy that could hinder a quick sale.
Age of Property: Built in 1968, the home is over 50 years old. While some components are updated, the age may raise concerns for buyers regarding the condition of original systems (e.g., plumbing, electrical) and potential future maintenance costs.
Limited Space for Price: With 2 bedrooms, 2 bathrooms, and 1276 sqft, the property offers a relatively modest living space for its high asking price in the Irvine market, potentially limiting its appeal to buyers seeking more expansive homes.

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