1427 Abelia, Irvine, California 92606, Irvine, - bed, bath
ACTIVE UNDER CONTRACT$600,000
1427 Abelia, Irvine, California 92606
2Beds
2Baths
1,261Sqft
29,578Lot
Year Built
2006
Close
-
List price
$600K
Original List price
$600K
Price/Sqft
-
HOA
$185
Days on market
-
Sold On
-
MLS number
OC25176791
Home ConditionGood
Features
ViewNeighborhood
About this home
This property is offered under the City of Irvine Affordable Housing Program. Income and purchase price are restricted in accordance with city guidelines. All prospective buyers must be approved by the City of Irvine based on their household size and annual income eligibility. This home provides a wonderful opportunity for qualifying buyers to own a property in Irvine at an affordable price. The seller prefers a household of four or more people. For details on income limits, application process, and eligibility requirements, please send an email to Lucycahomes@gmail.com.
Price History
Date
Event
Price
08/05/25
$600,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (12 Listings) | |
|---|---|---|---|
| Beds | 2 | 2 | 50% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,261 | 1,129 | 54% |
| Lot Size | 29,578 | 50,600 | 23% |
| Price | $600K | $890K | 8% |
| Price per square foot | $476 | $750 | 8% |
| Built year | 2006 | 1995 | 92% |
| HOA | $185 | $285 | 31% |
| Days on market | 92 | 146 | 15% |
Condition Rating
Good
Built in 2006, this property is 18 years old, placing it within the 'Good' category for age. The exterior appears well-maintained, and the visible bathroom, while not extensively renovated, is clean, functional, and in good condition with a contemporary paint color. Although kitchen images are not provided, assuming a similar level of maintenance and condition as the rest of the visible property, it is likely move-in ready with no immediate major renovations required. Systems are presumed to be functional and within their expected lifespan for a property of this age.
Pros & Cons
Pros
Affordable Entry into Irvine Market: This property offers a unique opportunity for qualifying buyers to own a home in the highly desirable city of Irvine at a restricted, more affordable price point, which is rare in this market.
Prime Irvine Location: Situated in Irvine, known for its top-rated schools (Irvine Unified School District), safety, master-planned communities, and abundant amenities, enhancing long-term value and quality of life.
Relatively Modern Construction: Built in 2006, the property benefits from more contemporary building standards and materials, potentially reducing immediate maintenance and repair concerns compared to older homes.
Desirable Subdivision (Savannah): Located within the Savannah subdivision, which typically implies a well-maintained community environment with potential access to shared amenities, contributing to a pleasant living experience.
Functional Layout and Size: With 2 beds and 2 baths across 1261 sqft, it offers a practical and comfortable living space suitable for small families or individuals, aligning with the affordable housing program's intent.
Cons
Strict Income and Purchase Price Restrictions: The property is subject to the City of Irvine Affordable Housing Program, imposing strict income and purchase price limitations that significantly narrow the pool of eligible buyers.
Complex Eligibility and Approval Process: Prospective buyers must undergo a rigorous application and approval process by the City of Irvine based on household size and annual income, adding complexity and potential delays to the transaction.
Limited Buyer Pool and Household Preference: The specific eligibility requirements, coupled with the seller's preference for households of four or more people, severely restrict the number of potential buyers who can qualify for this home.