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Cambridge Model - Welcome to The Terrace – a 507-home community in the University Park village of Irvine. Location, Location, Location! Elevated on a gentle rise within the highly sought-after Terrace community, this 3-bedroom, 2-bath home boasts one of the finest locations in the neighborhood, offering sweeping 180-degree views that capture one of the community’s two sparkling pools and the picturesque rolling hills of Irvine. Lovingly maintained by the same family since it was built in the mid-1970s, this home is a rare opportunity to transform a classic into your dream retreat. It features stately mature queen palms along the perimeter and a brand-new water heater and HVAC system, offering comfort and peace of mind from day one. Step outside to your private, sun-drenched entertainer’s patio, perfect for morning coffee, weekend barbecues, or peaceful evenings under the stars. The patio overlooks beautifully landscaped greenbelts that showcase more than 2,000 trees. Meandering walkways encourage relaxing strolls—bring your dogs along! Convenient dog-bag dispensers and trash bins line the paths, making it easy to enjoy the outdoors. Families will love the nearby tot lot, and the quiet cul-de-sac location ensures both serenity and safety. The second community pool and a private residents-only clubhouse are just a short walk away. Convenience is unmatched: a local shopping center featuring Starbucks is only a few blocks away. You're also minutes from University High School, the University of California Irvine, Kaiser Permanente, Hoag Hospital, the Irvine Spectrum, and much more. John Wayne Orange County Airport is less than five miles away via Michaelson Drive—no freeway needed. And when you do need to commute, easy access to the 405 Freeway makes getting around Southern California a breeze. This is your chance to own a piece of Irvine history in one of its most established and verdant communities. Come experience the lifestyle only The Terrace can offer.
Listing agent: Julie Newman DRE #01206442 julie@newmanregroup.com, Listing office: Keller Williams Realty-Studio City
MLS data updated 10/28/2026, 8:07:16 AM PT
Source: CRMLS, MLS #: SR25114931
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jul 9, 2025
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,400,000Closed sale · Jul 9, 2025ZIP 92612 · Jul 2025
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.