118 Abacus 1, Irvine, California 92618, Irvine, 92618 - 3 bed, 4 bath

118 Abacus 1, Irvine, California 92618 home-pic-0
ACTIVE$1,425,000
118 Abacus 1, Irvine, California 92618
3Beds
4Baths
2,031Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2024, this contemporary townhome offers a fresh, modern aesthetic with a gourmet kitchen featuring modern appliances and easy-to-use cabinet drawers.
Top Cons:
Recent Price Reduction: A significant price reduction of over $100,000 from the original list price may suggest initial overpricing or a longer time on the market, potentially impacting perceived value.

Compared to the nearby listings

Price:$1.43M vs avg $1.28M (+$149,000)81%
Size:2,031 sqft vs avg 1,809 sqft73%
Price/sqft:$702 vs avg $70646%

More Insights

Built in 2024 (1 years old).
Condition: This property was built in 2024, making it brand new construction. The description highlights a 'gourmet kitchen with modern appliances and easy-to-use cabinet drawers with sliding shelves,' and 'three bedrooms with ensuite bathrooms' featuring tile flooring. All components are new, meeting current quality standards with no deferred maintenance or physical depreciation, aligning perfectly with the 'excellent' criteria.
Year Built
2024
Close
-
List price
$1.43M
Original List price
$1.53M
Price/Sqft
$702
HOA
$235
Days on market
-
Sold On
-
MLS number
OC25052183
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood
Deck
ViewMountain(s), Neighborhood

About this home

Price Reduced $100+K for Fast Sell, Great deal for VIEW Lot!! Welcome to this contemporary beautiful townhome is situated in a highly sought-after location renowned for its beautiful neighborhoods, exceptional schools, and convenient access to various amenities and entertainment options. It boasts a generous living space of 2,031 square feet, featuring three bedrooms with ensuite bathrooms, double balconies, a 2-car attached garage with direct access, and carpeted flooring in the bedrooms and tile flooring in the bathrooms. As you enter the home, you are welcomed by a private covered patio, and on the first floor, you'll find a quiet and cozy bedroom with a walk-in closet and bathroom. The second level offers luxurious carpet flooring throughout the bright and spacious living room, a large sliding door that leads to a covered balcony, a dining area, and a gourmet kitchen with modern appliances and easy-to-use cabinet drawers with sliding shelves. The master bedroom, third bedroom, and laundry area are conveniently located on the third level. This immaculate home is situated in The Great Park Solis Park, within walking distance to Portola High School, Solis Park K-8, community Pool/Club entertainment area, and kids' playgrounds, close to Hwy. 5, 133 and 241, short drive distance to Irvine Spectrum Center, South Coast Plaza, and Beach area, and John Wayne Airport, making it an absolute must-see property.

Condition Rating
Excellent

This property was built in 2024, making it brand new construction. The description highlights a 'gourmet kitchen with modern appliances and easy-to-use cabinet drawers with sliding shelves,' and 'three bedrooms with ensuite bathrooms' featuring tile flooring. All components are new, meeting current quality standards with no deferred maintenance or physical depreciation, aligning perfectly with the 'excellent' criteria.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2024, this contemporary townhome offers a fresh, modern aesthetic with a gourmet kitchen featuring modern appliances and easy-to-use cabinet drawers.
Exceptional Location & Schools: Situated in the highly desirable Great Park Solis Park, the property is within walking distance to top-rated schools (Portola High, Solis Park K-8) and renowned for its beautiful neighborhoods.
Convenient Layout & Features: The home boasts 3 bedrooms with en-suite bathrooms, 4 total baths, a private covered patio, double balconies, a 2-car attached garage, and a desirable ground-floor bedroom.
Excellent Accessibility & Amenities: Offers walking distance to community pool/club and playgrounds, and is conveniently located near major highways (5, 133, 241), Irvine Spectrum, South Coast Plaza, beaches, and John Wayne Airport.
Desirable Views: Positioned as a 'VIEW Lot,' the property provides appealing mountain and neighborhood views.

Cons

Recent Price Reduction: A significant price reduction of over $100,000 from the original list price may suggest initial overpricing or a longer time on the market, potentially impacting perceived value.
Monthly Association Fees: The property is subject to a monthly association fee of $235.00, which adds to the ongoing cost of homeownership.
Carpeted Main Living Area: The second-level living room features carpet flooring, which some buyers may consider less desirable than hard flooring options for durability and modern aesthetics.

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