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106 Albero, Irvine, California 92602, Irvine, 92602 - 4 bed, 3 bath

106 Albero, Irvine, California 92602 home-pic-0
ACTIVE$2,798,000$2,382/sqft
Est. Value: $2,686,778
-3%
AboveEstimate
106 Albero, Irvine, California 92602
4Beds
3Baths
2,382Sqft
4,166Lot

Price Vs. Estimate

The estimated value ($2,686,777.765) is $111,222.235 (3%) lower than the list price ($2,798,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Premium Upgrades: Built in 2022 by the reputable Irvine Pacific, this home boasts over $200k in builder design center upgrades, including high-end finishes like Marble, waterproof floors, custom curtains, a built-in SUB-ZERO refrigerator, and a 6-burner stove, offering a move-in ready luxury experience.
Top Cons:
High Association Fees: The monthly association fee of $359.0 is a significant recurring cost that potential buyers must factor into their budget, impacting overall affordability.

Compared to the nearby listings

Price:$2.80M vs avg $2.79M (+$5,000)50%
Size:2,382 sqft vs avg 3,065 sqft18%
Price/sqft:$1.2K vs avg $95882%

More Insights

Built in 2022 (4 years old).
Condition: This property, built in 2022, is virtually brand new and features over $200k in builder design center upgrades. The kitchen is top-of-the-line with a built-in SUB-ZERO refrigerator, 6-burner Wolf stove, modern cabinetry, quartz countertops, and a stylish backsplash. Bathrooms are equally impressive with dual vanities, a freestanding soaking tub, and glass-door showers, all showcasing contemporary finishes. The home boasts marble and waterproof flooring throughout, high ceilings, and modern light fixtures, indicating no deferred maintenance and meeting the highest quality standards.
Year Built
2022
Close
-
List price
$2.8M
Original List price
$2.8M
Price/Sqft
$1,175
HOA
$359
Days on market
-
Sold On
-
MLS number
OC26001294
Home ConditionExcellent
Features
Good View: Hills
Patio
ViewHills

About this home

No close back neighbor! Located in the highly sought-after Gated Community of Reserve in Orchard Hills, this beautiful house was built by the Well-Known Builder - Irvine Pacific. Over $200k UPGRADES throughout in the builder’s design center. The Solar Panel was paid off. It offers 4 Bedrooms 3 Full Bathrooms with 1 Bedroom and 1 Full Bathroom downstairs. The floor plan is very Open and Bright with High Ceilings and lots of Windows offering natural lights. Some of the other features include Marble, Waterproof Floors and cusomized curtains throughout, Top-line Kitchen and Bathroom Cabinets, Built in SUB-ZERO Refrigerator, 6 Burner Stove, and much more......! The Primary Suite features Dual Vanities, a Soaking Tub, and a Separate Glass-Door Walling-in Shower. The Three Bedrooms, and an Individual Laundry Room with a sink are on the top floor. There are two Bathrooms featuring Dual Sinks. Attached Two-Car Garage. The Private Backyard is wonderful for family gatherings and entertainment. The Professional BBQ and Outdoor Cooking Equipment are great for parties. The Artificial Grass looks green and is perfect for low maintenance. Come to experience this Resort-Style Living Community with Full Amenities including 2 Pools, Spa/Hot Tub, Clubhouse, Barbecue, Playground, Sport Courts, Guard, and Security. Walking Distances to the Award-Winning Irvine Unified Schools! Move-in Ready!

L
Ling Luo
Listing Agent

Price History

Date
Event
Price
10/05/23
Sold
$2,482,500
Condition Rating
Excellent
This property, built in 2022, is virtually brand new and features over $200k in builder design center upgrades. The kitchen is top-of-the-line with a built-in SUB-ZERO refrigerator, 6-burner Wolf stove, modern cabinetry, quartz countertops, and a stylish backsplash. Bathrooms are equally impressive with dual vanities, a freestanding soaking tub, and glass-door showers, all showcasing contemporary finishes. The home boasts marble and waterproof flooring throughout, high ceilings, and modern light fixtures, indicating no deferred maintenance and meeting the highest quality standards.
Pros & Cons

Pros

New Construction & Premium Upgrades: Built in 2022 by the reputable Irvine Pacific, this home boasts over $200k in builder design center upgrades, including high-end finishes like Marble, waterproof floors, custom curtains, a built-in SUB-ZERO refrigerator, and a 6-burner stove, offering a move-in ready luxury experience.
Exclusive Gated Community & Resort Amenities: Located in the highly sought-after Gated Community of Reserve in Orchard Hills, residents enjoy resort-style living with access to 2 pools, spa/hot tub, clubhouse, barbecue areas, playground, sport courts, and enhanced security with a guard.
Top-Tier Schools & Desirable Location: The property is within walking distance to award-winning Irvine Unified Schools, making it highly attractive for families, and benefits from the prestige and convenience of the Irvine location.
Energy Efficiency & Low Maintenance: Featuring paid-off solar panels for significant energy savings and artificial grass in the private backyard, the home offers both environmental benefits and reduced ongoing maintenance costs.
Thoughtful Design & Outdoor Living: The open and bright floor plan includes high ceilings, a convenient downstairs bedroom and full bathroom, a luxurious primary suite, and a private backyard with no close back neighbor, professional BBQ, and outdoor cooking equipment, ideal for entertaining.

Cons

High Association Fees: The monthly association fee of $359.0 is a significant recurring cost that potential buyers must factor into their budget, impacting overall affordability.
Aggressive Recent Price Appreciation: The property was sold for $2.4825M in October 2023 and is now listed at $2.798M, representing a substantial price increase in a short period which may be perceived as aggressive pricing by some buyers, even with the high-end finishes.
Relatively Small Lot Size: With a lot size of 4166 sqft, the property offers a private backyard but may be considered relatively small for a single-family residence in this price range, potentially limiting outdoor expansion or appeal to buyers seeking more expansive land.
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