121 Novel, Irvine, California 92618, Irvine, 92618 - 4 bed, 3 bath
Loading property details...
Irvine, California 92618
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,428,000—positioned well below the $1,518,768 Fair Market Value by 5%. This valuation gap offers $90,768 in Instant Equity for the buyer. Featuring a Condition Rating of 2, this 2019-built home offers a versatile downstairs bedroom and access to Top-Rated Schools like Portola Springs Elementary and Northwood High. It is an ideal sanctuary for Owner-Occupants or growing families seeking a modern, move-in-ready lifestyle in the Great Park community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 Novel Subject | $1,428,000* List Price | 4 | 3 | 2,021 | $751 | - |
A 127 Annuals Sold | $1,455,000 | 3 | 3 | 1,633 | $891 | 0.6 mi |
B 41 Serenity Active | $1,448,000 List Price | 3 | 3 | 1,735 | $835 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, this 5-year-old home is in mint, turnkey condition. It features a modern kitchen with white cabinetry and stainless steel appliances, contemporary bathrooms with subway tile, and up-to-date HVAC and electrical systems.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 29020, living area = 2021.
Elementary School: Portola Springs Elementary (9/10). Middle School: Jeffrey Trail Middle (9/10). High School: Northwood High School (9/10).
The inclusion of a highly sought-after main-floor bedroom and full bathroom provides excellent flexibility for multi-generational living, guest accommodations, or a professional home office.
As is common in the high-density Novel Park subdivision, the property likely features a smaller private outdoor footprint, which may not appeal to buyers seeking a traditional large backyard.
While the HOA fee is relatively low, homes in the Great Park master-planned community are typically subject to significant Mello-Roos taxes, increasing the total monthly carrying cost for the owner.
Welcome to 121 Novel, a move-in ready residence in turnkey condition located within the highly desirable Great Park Neighborhoods and award-winning Irvine Unified School District. Featuring soaring ceilings, abundant natural light, and a thoughtfully designed floor plan, this home offers the perfect blend of style, comfort, and functionality. The well-appointed layout includes a highly sought-after downstairs bedroom and full bathroom, ideal for guests, multigenerational living, or a home office. Spacious living and dining areas flow seamlessly into the modern kitchen, creating an inviting space for both everyday living and entertaining. Residents enjoy access to the exceptional Great Park amenities, including resort-style pools and spas, clubhouses, parks, playgrounds, sports courts, walking trails, and community events. With a low HOA of just $240 per month, this home offers outstanding value in one of Irvine's premier master-planned communities. Conveniently located near top-rated schools, shopping, dining, the Great Park Sports Complex, and Irvine Spectrum, this turnkey home is ready for its next owner to move right in and enjoy.
No exterior & parking available.
Grades K-6 • 1.7 mi
Grades K-6 • 3.2 mi
Grades K-6 • 4.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,021 | 2,486 |
| Lot Size | 29,020 | 4,950 |
| Price | $1.43M | $2.08M |
| Price per sq ft | $707 | $872 |
| Built year | 2019 | 1999 |
| HOA | $240.0 | $190 |
| Days on market | 28 | 50 |
Jun 24, 2026
$1,428,000
Initial Listing