107 Terrapin, Irvine, California 92618, Irvine, 92618 - 3 bed, 3 bath
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Irvine, California 92618
This Modern Turnkey Condominium is a High-Potential Investment Opportunity, listed at $1,400,000—positioned well below the $1,447,414 Fair Market Value by 3%. This valuation gap provides $47,414 in Instant Equity. Boasting an Excellent Condition Rating, the home features a chef-inspired gourmet kitchen and a rare wrap-around yard with serene greenbelt views. Located in the prestigious Irvine Unified School District with access to top-rated 9/10 schools like Northwood High, this property balances financial upside with a premium lifestyle. It is an ideal acquisition for Owner-Occupants or growing families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 107 Terrapin Subject | $1,400,000* List Price | 3 | 3 | 2,103 | $688 | - |
A 126 Stellar Sold | $1,425,000 | 3 | 3 | 2,103 | $678 | 0.0 mi |
B 169 Carmine Sold | $1,325,000 | 3 | 3 | 2,198 | $603 | 0.2 mi |
C 220 Terrapin Sold | $1,450,000 | 3 | 3 | 1,906 | $761 | 0.1 mi |
D 715 Beacon Sold | $1,650,000 | 4 | 3 | 2,197 | $751 | 0.1 mi |
E 179 Terrapin Sold | $1,400,000 | 3 | 3 | 1,979 | $707 | 0.1 mi |
F 171 Cadence Sold | $1,160,000 | 3 | 4 | 2,036 | $570 | 0.2 mi |
G 112 Stellar Active | $1,460,000 List Price | 3 | 4 | 1,949 | $749 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2017, this property is less than 10 years old and remains in mint condition. The interior features a modern chef-inspired kitchen with white shaker cabinetry and quartz countertops, updated bathrooms, and contemporary systems including LED recessed lighting and high-end stainless steel appliances.
Elementary School: Portola Springs Elementary (9/10). Middle School: Jeffrey Trail Middle (9/10). High School: Northwood High School (9/10).
The home features a chef-inspired kitchen with white Shaker-style cabinetry, quartz countertops, and a large center island, offering a contemporary and functional space for entertaining.
Rare for a condominium, this property includes a large front patio with greenbelt views and a wrap-around yard that seamlessly connects to the Great Room.
As a sub-type condominium, the property involves shared walls and a recurring monthly association fee of $317, which may limit privacy compared to a detached single-family home.
Despite the premium price point and proximity to parks, the property is officially listed as having no significant scenic views, which may affect its long-term appreciation potential.
PRICE IMPROVEMENT!! The Lantern Collection at Parasol Park – Residence Three offers an exceptional location just steps from Parasol Park, resort-style pools, and the iconic Canopy.This stunning two-level home features 3 bedrooms, 2.5 bathrooms, and a main-level den, perfect for a home office or flex space. Patio sliders open to a private outdoor patio, creating seamless indoor-outdoor living. An attached two-car garage adds both convenience and functionality. Designed with an open and spacious floor plan, the home showcases LED recessed lighting, tile flooring throughout the first floor, and window shutters throughout. The chef-inspired gourmet kitchen is the heart of the home, featuring modern white Shaker-style cabinetry, white quartz countertops, stainless steel appliances, and a spacious center island—ideal for entertaining and everyday living. An abundance of outdoor space enhances this beautiful layout, including a large front patio with serene greenbelt views and a wrap-around yard that flows effortlessly into the Great Room, making it perfect for gatherings.
No exterior & parking available.
Grades K-6 • 1.8 mi
Grades K-6 • 3.2 mi
Grades K-6 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,103 | 2,049 | 54% |
| Lot Size | - | 2,000 | 48% |
| Price | $1.40M | $1.37M | 52% |
| Price per sq ft | $666 | $710 | 36% |
| Built year | 2017 | 2019 | 35% |
| HOA | $317.0 | $240 | 89% |
| Days on market | 3 | 186 | 1% |
Apr 20, 2026
$1,400,000
Initial Listing
Apr 21, 2017
$787,500
Public Record