
Irvine, California 92618
This Turnkey Two-Story Condominium represents a Prime Investment Opportunity, listed at a List Price of $1,148,000—positioned well below the $1,175,283 Fair Market Value by 2%. This valuation gap provides $27,283 in Instant Equity. Featuring an Excellent Condition Rating with a modern gourmet kitchen and dual en-suite bedrooms, this home offers a rare, functional layout in the Great Park Neighborhoods. With access to top-rated schools like Northwood High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premium, move-in-ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 162 Novel Subject | $1,148,000* List Price | 2 | 3 | 1,845 | $644 | - |
A 305 Novel Sold | $1,225,000 | 3 | 3 | 1,890 | $648 | 0.3 mi |
B 292 Novel Sold | $960,000 | 2 | 3 | 1,499 | $640 | 0.3 mi |
C 131 Okra Sold | $1,470,000 | 3 | 3 | 1,934 | $760 | 0.5 mi |
D 723 Spring Garden Sold | $1,180,000 | 3 | 3 | 1,706 | $692 | 0.6 mi |
E 199 Follyhatch Sold | $1,170,000 | 3 | 2 | 1,820 | $643 | 0.2 mi |
F 229 Radial Sold | $1,350,000 | 3 | 3 | 2,013 | $671 | 0.4 mi |
G 125 Mongoose Sold | $1,045,000 | 2 | 3 | 1,694 | $617 | 0.3 mi |
H 109 Newall Sold | $1,378,000 | 3 | 3 | 1,810 | $761 | 0.4 mi |
I 270 Novel Active | $1,288,000 List Price | 3 | 3 | 1,840 | $700 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2019, this property is well under the 10-year age threshold for excellent condition. The interior features a modern gourmet kitchen with quartz countertops and stainless steel appliances, contemporary bathrooms with dual vanities, and updated systems, all in mint, move-in-ready condition.
Unlike the common three-story townhomes in Great Park, this rare two-story layout offers the convenience of fewer stairs and a more functional, single-family feel.
Both spacious bedrooms feature private en-suite bathrooms, providing maximum privacy and comfort for residents or guests.
Located in the award-winning Great Park Neighborhoods, residents benefit from world-class resort-style amenities, including pools, sports courts, and extensive walking trails.
With only two bedrooms for over 1,800 square feet, the property may not appeal to larger families or buyers requiring a dedicated home office.
The property listing indicates no specific views, which may be a drawback for buyers seeking the scenic vistas often found in premium Irvine developments.
Welcome to one of Novel Park's rare and highly desirable two-story floor plans! Offering 1,845 square feet of thoughtfully designed living space, this exceptional home features 2 spacious bedroom suites, 2.5 bathrooms, and an open-concept layout that lives more like a single-family residence. Unlike the typical three-story townhomes found throughout Great Park, this unique two-story home offers the convenience of fewer stairs and a highly functional floor plan for comfortable everyday living. The light-filled main level showcases an expansive living and dining area that seamlessly connects to the gourmet kitchen, complete with a large center island, quartz countertops, stainless steel appliances, and abundant cabinetry perfect for entertaining or everyday living. Upstairs, you'll find two generously sized private bedroom suites, each with its own en-suite bathroom and ample closet space, providing both comfort and privacy. A conveniently located upstairs laundry room adds to the home's practical design. Ideally situated within the award-winning Great Park Neighborhoods, residents enjoy access to resort-style amenities including pools, spas, parks, playgrounds, sports courts, walking trails, and community gathering spaces. The desirable interior location offers added privacy while remaining close to all that Great Park has to offer. Rarely available and highly sought after, this unique two-story home presents an exceptional opportunity to enjoy the perfect combination of style, functionality, and convenience in one of Irvine's most desirable master-planned communities.
No exterior & parking available.
Grades K-6 • 1.6 mi
Grades K-6 • 3.2 mi
Grades K-6 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,845 | 1,652.392 |
| Lot Size | 27,275 | 42,663.332 |
| Price | $1.15M | $1.21M |
| Price per sq ft | $622 | $746 |
| Built year | 2019 | 2010 |
| HOA | $240.0 | $278 |
| Days on market | 55 | 57 |
Jul 16, 2026
$1,148,000
Initial Listing
Feb 27, 2020
$745,000
Public Record