14 Rainbow, Irvine, California 92603, Irvine, - bed, bath

home-pic
ACTIVE$1,275,000
14 Rainbow, Irvine, California 92603
2Beds
2Baths
1,523Sqft
Lot
Year Built
1979
Close
-
List price
$1.27M
Original List price
$1.27M
Price/Sqft
-
HOA
$450
Days on market
-
Sold On
-
MLS number
NP25227784
Home ConditionGood
Features
Good View: None
Patio
View-

About this home

Newly updated single-level home with no interior steps, in the heart of Turtle Rock. This large, two-bedroom, two-bath home features a spacious, open living plan with a shared living room/dining room, as well as an adjacent den or office space (which could be converted to a third bedroom). The living space opens to a large stone patio, enclosed by a wooden fence and an additional storage closet. The primary and secondary bedrooms are both oversized, with their own baths, and there is also an inside laundry area. The kitchen features a garden window with excellent sun exposure from two sides and a designated area for an eat-in table. The home has recently been updated with new flooring, ceiling lights, ceiling fans, window treatments, an updated fireplace, and central air conditioning. The house was just painted, along with the oversized two-car garage, which also has new epoxy flooring and ample built-in storage. The private, park-like setting, located on the greenbelt, offers a view of lush trees and is within a short distance of the community spa, pool, and other nearby amenities, including tennis and basketball courts, Turtle Rock Community Park, and Bomber Canyon hiking trails. Located for easy access and proximity to UCI, shopping centers, minutes to award-winning schools, John Wayne International Airport, and the beaches.

Nearby schools

8/10
Bonita Canyon Elementary School
Public,K-60.7mi
9/10
Turtle Rock Elementary School
Public,K-61.3mi
9/10
Rancho San Joaquin Middle School
Public,7-81.8mi
9/10
University High School
Public,9-121.6mi

Price History

Date
Event
Price
10/01/25
Listing
$1,275,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (32 Listings)
Beds23
42%
Baths23
39%
Square foot1,5231,600
45%
Lot Size068,270
Price$1.27M$1.36M
36%
Price per square foot$837$879
39%
Built year19792003
12%
HOA$450$285
79%
Days on market35163
6%
Condition Rating
Good

Built in 1979, this property has undergone significant recent updates including new flooring, fresh paint, modern recessed lighting, ceiling fans, and central air conditioning, making most of the home feel move-in ready. The bathroom shower has also been nicely updated. However, the kitchen features dated tile countertops, older white appliances, and a cabinet style that is not consistent with the 'recently updated' aesthetic of the rest of the home. While clean and functional, the kitchen would likely be a priority for aesthetic renovation for many buyers. Despite this, the extensive updates to other major components and overall good condition warrant a 'Good' rating, as it is largely move-in ready with no immediate functional renovations required.
Pros & Cons

Pros

Recent Extensive Updates: The home has undergone significant recent updates including new flooring, ceiling lights, ceiling fans, window treatments, an updated fireplace, central air conditioning, fresh paint, and an oversized garage with new epoxy flooring and ample built-in storage, offering a move-in ready experience.
Single-Level & Accessible Layout: This single-level home features no interior steps, a spacious open living plan, oversized primary and secondary bedrooms each with their own baths, and a convenient inside laundry area, catering to comfort and accessibility.
Prime Location & Community Amenities: Situated in the heart of Turtle Rock, the property boasts a private, park-like setting on a greenbelt with lush tree views, and is within short distance to community spa, pool, tennis/basketball courts, Turtle Rock Community Park, and hiking trails.
Excellent Proximity & Schools: The location offers easy access and proximity to UCI, shopping centers, John Wayne International Airport, beaches, and is minutes away from award-winning schools (rated 8-9).
Flexible Living Space: The property includes an adjacent den or office space that could be converted to a third bedroom, providing valuable flexibility for various lifestyle needs or future expansion.

Cons

Age of Property: Built in 1979, while recently updated, the underlying structure and some systems are older, which could lead to potential maintenance considerations not covered by the recent cosmetic and system updates.
Condominium Ownership & HOA Fees: As a condominium, the property is subject to a monthly association fee of $450, which adds to the overall cost of ownership and implies adherence to community rules and potential shared walls.
Limited Bedroom Count (Currently 2): The home is currently configured with two bedrooms. Although a den offers conversion potential, it requires additional investment and effort to become a third bedroom, which might not suit larger families seeking an immediate three-bedroom layout.

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