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109 Chronology, Irvine, California 92618, Irvine, 92618 - 4 bed, 4 bath

109 Chronology, Irvine, California 92618 home-pic-0
ACTIVE$4,175,000
109 Chronology, Irvine, California 92618
4Beds
4Baths
3,041Sqft
5,455Lot

Price Vs. Estimate

The estimated value ($4,047,971.99) is $127,028.01 (3%) lower than the list price ($4,175,000). This property may be overpriced.

Key pros and cons

Top Pros:
Panoramic Views & Privacy: The property boasts 'STUNNING PANORAMIC VIEWS' of Newport, Catalina Island, and city lights, with no rear neighbors, offering exceptional privacy and aesthetic appeal.
Top Cons:
Current Pricing & Market Value Perception: Despite a significant price reduction from its original listing, the current list price remains above the property's estimated value, and a comparable property offers a highly attractive assumable loan, potentially impacting its competitiveness.

Compared to the nearby listings

Price:$4.17M vs avg $2.30M (+$1,875,500)93%
Size:3,041 sqft vs avg 2,781 sqft65%
Price/sqft:$1.4K vs avg $84099%

More Insights

Built in 2020 (5 years old).
Condition: This property was built in 2020, making it only 4 years old, which falls well within the 'newly built' criteria for an excellent rating. The description highlights a 'gourmet Kitchen equipped with GE Monogram stainless steel appliances, dark chocolate cabinetry, quartz countertops, and a large center island,' indicating top-tier, modern kitchen features. All four bedrooms include full bathrooms, suggesting contemporary and well-maintained facilities. The flooring consists of modern porcelain tile on the main floor and wood flooring on stairs and bedrooms. Furthermore, the home is 'Solar and EV ready with 220V outlet,' showcasing modern electrical and energy systems. All components are virtually new, meeting current quality standards with no deferred maintenance.
Year Built
2020
Close
-
List price
$4.17M
Original List price
$4.4M
Price/Sqft
$1,373
HOA
$166.8
Days on market
-
Sold On
-
MLS number
OC24249812
Home ConditionExcellent
Features
Excellent View: Catalina, City Lights, Panoramic
Patio
ViewCatalina,City Lights,Panoramic

About this home

NEW PRICE! BIG PRICE REDUCTION! THIS IS YOUR OPPORTUNITY TO OWN THE HOME WITH BEST VIEWS IN PORTOLA SPRINGS! STUNNING PANORAMIC VIEWS!! Experience the epitome of luxury in this beautiful home. Marvel at the breathtaking sunset views stretching from Newport to Catalina Island, with no neighbors behind to obstruct the stunning city light vistas. The expansive great room features sliding glass doors that lead to an outdoor living area, perfect for seamless indoor-outdoor entertaining. The open concept floor plan connects the Great Room, Conservatory, Dining Room, and a gourmet Kitchen equipped with GE Monogram stainless steel appliances, dark chocolate cabinetry, quartz countertops, and a large center island. With four spacious bedrooms, each with a full bathroom, and a large upstairs loft for family activities, this home offers ample space and luxury. The main floor features porcelain tile flooring, while wood flooring graces the stairs and bedrooms. The spacious backyard includes a large putting green and open space to enjoy the beautiful sunset views. This home also includes Solar and EV ready with 220V outlet. Residents enjoy exclusive access to Portola Springs' amenities, including a pool and spa, recreation center, nature trails, BBQ and picnic areas, sports courts, playgrounds, and parks. This home is served by the award-winning Irvine Unified School District and is conveniently located near toll roads, shopping, dining, and entertainment.

Condition Rating
Excellent
This property was built in 2020, making it only 4 years old, which falls well within the 'newly built' criteria for an excellent rating. The description highlights a 'gourmet Kitchen equipped with GE Monogram stainless steel appliances, dark chocolate cabinetry, quartz countertops, and a large center island,' indicating top-tier, modern kitchen features. All four bedrooms include full bathrooms, suggesting contemporary and well-maintained facilities. The flooring consists of modern porcelain tile on the main floor and wood flooring on stairs and bedrooms. Furthermore, the home is 'Solar and EV ready with 220V outlet,' showcasing modern electrical and energy systems. All components are virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Panoramic Views & Privacy: The property boasts 'STUNNING PANORAMIC VIEWS' of Newport, Catalina Island, and city lights, with no rear neighbors, offering exceptional privacy and aesthetic appeal.
Modern Luxury & Design: Features a gourmet kitchen with GE Monogram appliances, quartz countertops, and a large island, an open-concept floor plan, four spacious bedrooms each with a full bathroom, and a large upstairs loft.
New Construction & Eco-Friendly Features: Built in 2020, ensuring modern standards and minimal immediate maintenance, plus equipped with Solar and EV-ready 220V outlet for energy efficiency and future readiness.
Exclusive Community Amenities: Residents benefit from access to Portola Springs' extensive amenities, including pools, spa, recreation center, nature trails, sports courts, and parks, enhancing lifestyle and value.
Top-Rated School District & Prime Location: Located within the award-winning Irvine Unified School District and conveniently close to toll roads, shopping, dining, and entertainment, appealing to families and commuters.

Cons

Current Pricing & Market Value Perception: Despite a significant price reduction from its original listing, the current list price remains above the property's estimated value, and a comparable property offers a highly attractive assumable loan, potentially impacting its competitiveness.
Extended Time on Market: The property has been on the market for approximately five months since its listing date (2024-12-21), which, even with a price reduction, suggests it may be struggling to attract a buyer at its current price point.
Ongoing Association Fees: The monthly association fee of $166.80 adds to the overall cost of homeownership, which, while common in planned communities, is an additional recurring expense for buyers to consider.

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