107 Terrapin, Irvine, California 92618, Irvine, 92618 - 3 bed, 3 bath

107 Terrapin
Irvine, California 92618
Property Price
SUMMARY
Analysis of 107 Terrapin, Irvine, California 92618 is currently available with a list price of $1,499,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Irvine Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2017, this property is well within the 10-year threshold for an excellent rating. The home features contemporary high-end finishes, including a chef-inspired kitchen with white quartz countertops, modern Shaker-style cabinetry, and stainless steel appliances. With LED recessed lighting, tile flooring, and window shutters throughout, the property meets current quality standards with no deferred maintenance or significant physical depreciation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Portola Springs Elementary (9/10). Middle School: Jeffrey Trail Middle (9/10). High School: Northwood High School (9/10).
- Prime Great Park Location
Situated in the highly sought-after Parasol Park, this home offers immediate proximity to resort-style pools, the iconic Canopy, and top-rated Irvine Unified schools.
- Modern Gourmet Kitchen
The chef-inspired kitchen features premium white quartz countertops, Shaker-style cabinetry, and a large center island, providing a contemporary and functional heart for the home.
CONSRISKS & DEFICIENCIES
- Condominium Ownership
As a condominium, the property involves shared walls and HOA regulations, which may be a drawback for buyers specifically seeking a detached single-family residence.
- Lack of Scenic Views
The listing indicates no significant views from the property, which may impact its competitive edge against other luxury listings in the Irvine area that offer city or hillside vistas.
About 107 Terrapin
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2017
- Lot Size
- -
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $317.0 / Month
Neighborhood Insights
Irvine Unified Schools
Portola Springs Elementary
Grades K-6 • 1.8 mi
Cypress Village Elementary
Grades K-6 • 3.2 mi
Rancho Canada Elementary School
Grades K-6 • 3.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,103 | 2,035 | 54% |
| Lot Size | - | 1,395 | 48% |
| Price | $1.50M | $1.38M | 60% |
| Price per sq ft | $713 | $700 | 54% |
| Built year | 2017 | 2021 | 31% |
| HOA | $317.0 | $240 | 90% |
| Days on market | 17 | 187 | 1% |
Pricing History
Listed for Sale
Feb 18, 2026
$1,499,000
Initial Listing
Sold
Apr 21, 2017
$787,500
Public Record







































