The most affordable condos in Irvine, California can be found in the Orangetree and Northwood areas. These two communities offer the lowest priced condos in all of Irvine can be currently found between $250,000 to $300,000. The inventory in this price range is very limited with only 3 properties currently available for sale under $300,000. Be prepared as these condos can be rather small but a great value in the expensive Irvine real estate market.
The Orangetree area has the highest concentration of condos under $300,000 and can be found in the Terraces and Orangetree Lakes and Terrace building. Condos in this price range will typically be a one bedroom unit that offers under 1,000 square feet of living space. The community is very nice with small streams running between the buildings with homeowners association dues averaging $300.00 per month. The Orangetree area is ideally situated between the 405 and 5 freeway and offer an easy commute to most areas in the Orange County area. The Terrace building is also another place to look in the Orangetree area as the association includes water, gas, trash, maintenance, pool, spa, lighted tennis and basketball courts in the monthly dues of $389.00 a month. The Terraces have a different look and feel compared to the Lakes complex as it's a three level building with condos located on each of the floors.
The Irvine Springs community in Northwood also provides condos in this low price point. The lowest priced condo is currently listed at $301,000 and features a one bedroom, one bath unit at 639 square feet. The location is situated north of the 5 freeway in the heart of the Northwood area. Similar to the Orangetree lakes community, the Irvine Springs will have small streams that run between the units with private exterior patios and and bay windows. The complex offers a community pool, spa, tennis court and clubhouse for it's residents with monthly dues of $292.00 a month. This is a great alternative to the Orangetree area as the Northwood community is well known for offering some of the best schools in the Irvine area. To learn more about buying a condo in the Irvine area please reach out to any of our local real estate agents at 949-482-1313 today.
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