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202 Geyser, Irvine, California 92618, Irvine, 92618 - 4 bed, 5 bath

202 Geyser, Irvine, California 92618 home-pic-0
ACTIVE$3,000,000
202 Geyser, Irvine, California 92618
4Beds
5Baths
2,987Sqft
3,838Lot

Price Vs. Estimate

The estimated value ($2,535,177.365) is $464,822.635 (15%) lower than the list price ($3,000,000). This property may be overpriced.

Key pros and cons

Top Pros:
Extensive Upgrades & Modern Amenities: Over $200K in high-end upgrades, including a gourmet kitchen, custom interior finishes, 7.2 surround sound, EV charger, and fiber optic internet, creating a luxurious and modern living experience.
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 = 3838, living area = 2987.

Compared to the nearby listings

Price:$3.00M vs avg $2.30M (+$700,500)78%
Size:2,987 sqft vs avg 2,781 sqft60%
Price/sqft:$1.0K vs avg $84093%

More Insights

Built in 2018 (7 years old).
Condition: This property, built in 2018, is only 6 years old and has undergone over $200K in high-end upgrades, making it virtually new. The gourmet kitchen features upgraded soft-close drawers and a built-in pantry, while all 4.5 bathrooms are modern and well-appointed, including a guest en-suite and private baths for each upstairs bedroom. The 'model-like' condition, extensive smart home features, energy-efficient solar panels, and meticulously designed backyard confirm its excellent quality with no deferred maintenance.
Year Built
2018
Close
-
List price
$3M
Original List price
$3.2M
Price/Sqft
$1,004
HOA
$134
Days on market
-
Sold On
-
MLS number
OC25020777
Home ConditionExcellent
Features
Patio
ViewNeighborhood

About this home

202 Geyser is a stunning 4-bedroom, 4.5-bathroom home with over $200K in upgrades, offering luxury, comfort, and modern convenience. Designed to impress, this model-like home features a guest en-suite downstairs, while each of the three upstairs bedrooms boasts a private bath. The great room’s cozy fireplace and 7.2 surround sound system create an inviting atmosphere, while the gourmet kitchen shines with upgraded soft-close drawers and a built-in pantry with a barn door. The upgraded powder room, on the main floor, features custom wood accents. Thoughtful upgrades include custom draperies, bamboo shades, plantation shutters, a built-in linen cabinet, and ceiling speaker wiring in the master, loft, kitchen, and dining areas. The garage is equally impressive with epoxy flooring, custom cabinetry, and an EV charger. Stay connected with fiber optic internet and enjoy the energy efficiency of leased solar panels. The Tuscan-style backyard is a private retreat with a pergola and remote-control heater, BBQ island with sink and water heater, gas fire pit, water features, and lush landscaping with a drip irrigation system. Don’t miss this exceptional home.

Condition Rating
Excellent
This property, built in 2018, is only 6 years old and has undergone over $200K in high-end upgrades, making it virtually new. The gourmet kitchen features upgraded soft-close drawers and a built-in pantry, while all 4.5 bathrooms are modern and well-appointed, including a guest en-suite and private baths for each upstairs bedroom. The 'model-like' condition, extensive smart home features, energy-efficient solar panels, and meticulously designed backyard confirm its excellent quality with no deferred maintenance.
Pros & Cons

Pros

Extensive Upgrades & Modern Amenities: Over $200K in high-end upgrades, including a gourmet kitchen, custom interior finishes, 7.2 surround sound, EV charger, and fiber optic internet, creating a luxurious and modern living experience.
Exceptional Outdoor Living: A meticulously designed Tuscan-style backyard featuring a pergola with a remote-control heater, a fully equipped BBQ island, gas fire pit, water features, and lush landscaping, ideal for entertaining and relaxation.
High Functionality & Privacy: Boasts 4 bedrooms and 4.5 bathrooms, including a convenient downstairs guest en-suite and private baths for each upstairs bedroom, offering superior comfort and privacy for residents and guests.
Energy Efficiency: Equipped with leased solar panels, contributing to reduced utility costs and promoting sustainable living.
Prime Irvine Location: Situated in the desirable Elderberry subdivision within Portola Springs, benefiting from top-rated Irvine Unified School District and access to community amenities.

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 = 3838, living area = 2987.
Significant Overpricing: The current list price of $3,000,000 is substantially above the estimated market value of $2,535,177 and recent comparable sales, potentially deterring buyers and requiring a price adjustment.
Leased Solar Panels: While beneficial for energy savings, the leased nature of the solar panels may introduce additional financial obligations or complexities during the transaction for potential buyers.
Modest Lot Size: The 3,838 sqft lot size is relatively small for a luxury home in this price range, potentially limiting outdoor space and future expansion opportunities compared to competing properties.

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