141 Lovelace, Irvine, California 92620, Irvine, 92620 - 4 bed, 5 bath

141 Lovelace, Irvine, California 92620 home-pic-0
ACTIVE$3,200,000
141 Lovelace, Irvine, California 92620
4Beds
5Baths
3,117Sqft
3,836Lot

Price Vs. Estimate

The estimated value ($2,838,938.645) is $361,061.355 (11%) lower than the list price ($3,200,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Santiago Hills Elementary School (9/10). Middle School: Sierra Vista Middle School (9/10). High School: Northwood High School (9/10).
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3836, living area = 3117.

Compared to the nearby listings

Price:$3.20M vs avg $2.00M (+$1,200,000)93%
Size:3,117 sqft vs avg 2,502 sqft85%
Price/sqft:$1.0K vs avg $84593%

More Insights

Built in 2022 (3 years old).
Condition: This property was built in 2022, making it virtually new construction. The images confirm a modern aesthetic throughout, featuring a contemporary kitchen with white shaker cabinets, light-colored countertops, and stainless steel appliances. Bathrooms are equally updated with modern vanities, fixtures, and tile work, including glass-enclosed showers and soaking tubs. Flooring is a mix of hard surfaces on the main level and clean carpeting upstairs. All systems, fixtures, and finishes meet current quality standards with no signs of wear or deferred maintenance.
Year Built
2022
Close
-
List price
$3.2M
Original List price
$3.2M
Price/Sqft
$1,027
HOA
$125
Days on market
-
Sold On
-
MLS number
OC25055096
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

Welcome to 141 Lovelace, Irvine - an exquisite home in the prestigious Eastwood Village, offering the perfect combination of space, luxury, and modern convenience. This beautifully designed residence features an open and airy first-floor layout, where the spacious living, dining, and kitchen areas flow seamlessly together. High ceilings and large windows allow for abundant natural light, creating a bright and inviting atmosphere throughout the home. The well-designed floor plan enhances both functionality and comfort, making it ideal for everyday living and entertaining. One of the most distinctive features of this home is its larger backyard, offering an inviting outdoor seating area with a firepit, perfect for relaxing, entertaining, or enjoying Irvine’s beautiful weather. Located in the heart of Eastwood Village, this home is part of a community known for its top-tier schools, including Eastwood Elementary, Sierra Vista Middle School, and Northwood High School. Residents enjoy resort-style amenities, such as two swimming pools, a sand volleyball court, outdoor BBQ areas, a basketball court, tennis courts, and children’s playgrounds. With one of the lowest tax rates and HOA fees in Irvine, this home is a rare opportunity for both homeowners and investors. Just minutes from Woodbury Town Center and Northwood Plaza, you’ll have easy access to shopping, dining, and entertainment. Don’t miss this chance to own a luxurious, sun-filled home with a spacious yard in one of Irvine’s most sought-after communities!

Nearby schools

8/10
Stonegate Elementary School
Public,K-60.7mi
8/10
Canyon View Elementary School
Public,K-60.8mi
9/10
Santiago Hills Elementary School
Public,K-60.9mi
9/10
Sierra Vista Middle School
Public,7-81.4mi
9/10
Jeffrey Trail Middle
Public,7-82.2mi
9/10
Northwood High School
Public,9-120.9mi
Condition Rating
Excellent

This property was built in 2022, making it virtually new construction. The images confirm a modern aesthetic throughout, featuring a contemporary kitchen with white shaker cabinets, light-colored countertops, and stainless steel appliances. Bathrooms are equally updated with modern vanities, fixtures, and tile work, including glass-enclosed showers and soaking tubs. Flooring is a mix of hard surfaces on the main level and clean carpeting upstairs. All systems, fixtures, and finishes meet current quality standards with no signs of wear or deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Santiago Hills Elementary School (9/10). Middle School: Sierra Vista Middle School (9/10). High School: Northwood High School (9/10).
New Construction & Modern Design: Built in 2022, this home features an open and airy first-floor layout with high ceilings and large windows, providing abundant natural light and a contemporary living experience.
Prestigious Community Location: Located in the highly desirable Eastwood Village, known for its luxurious homes and convenient access to local amenities.
Top-Tier School District: Zoned for award-winning Irvine Unified School District schools, including Eastwood Elementary, Sierra Vista Middle, and Northwood High School, appealing to families.
Extensive Community Amenities: Residents enjoy resort-style amenities such as two swimming pools, a sand volleyball court, outdoor BBQ areas, a basketball court, tennis courts, and children’s playgrounds.
Low Carrying Costs & Convenient Access: The property benefits from one of the lowest tax rates and HOA fees in Irvine, coupled with minutes-away access to Woodbury Town Center and Northwood Plaza for shopping and dining.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3836, living area = 3117.
Significant Overpricing: The current listing price of $3.2 million is 11% above the estimated market value of approximately $2.84 million, which may indicate an aggressive pricing strategy and could impact marketability.
Lack of Detailed Luxury Upgrades: While described as 'exquisite' and 'luxurious,' the property description does not specify high-end finishes, smart home features, or premium appliance brands that typically justify a top-tier price point in this market.
Limited View: The property offers a 'Neighborhood' view, which is less desirable than panoramic city, ocean, or mountain views that often command higher premiums in the Irvine area.

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