21 Gramercy 116, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath

21 Gramercy 116, Irvine, California 92612 home-pic-0
ACTIVE$998,000
21 Gramercy 116, Irvine, California 92612
2Beds
2Baths
1,337Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Accessibility: Situated in the prestigious Irvine Financial District, offering unparalleled convenience to fine dining, upscale shopping, Fashion Island, UCI, John Wayne Airport, and Orange County's beautiful beaches.
Top Cons:
High Association Fee: The monthly association fee of $639.80 is substantial and adds a significant recurring cost to homeownership.

Compared to the nearby listings

Price:$998.0K vs avg $985.0K (+$13,000)52%
Size:1,337 sqft vs avg 1,441 sqft48%
Price/sqft:$746 vs avg $74948%

More Insights

Built in 2007 (18 years old).
Condition: Built in 2007, this property falls within the 10-20 year age range for a 'Good' rating. The listing highlights 'fresh carpeting in the bedrooms and new paintings throughout,' indicating recent cosmetic updates. The kitchen is described as 'gourmet' with 'high-end appliances' and 'sleek cabinetry,' suggesting a modern and well-maintained space. While not a full recent renovation, these updates, combined with the 'turnkey' description, ensure the property is move-in ready with minimal wear and tear, aligning perfectly with the 'Good' condition criteria.
Year Built
2007
Close
-
List price
$998K
Original List price
$988K
Price/Sqft
$746
HOA
$639.8
Days on market
-
Sold On
-
MLS number
PW24228157
Home ConditionGood
Features
Patio
ViewNeighborhood, Trees/Woods

About this home

Discover modern elegance and convenience in this ground-level Belvedere condo, a turnkey 2-bedroom, 2-bath residence located in the prestigious Irvine Financial District. With fresh carpeting in the bedrooms and new paintings thoughout, this home exudes warmth and style from the moment you step inside. The open-concept design seamlessly connects the dining area, living space, and gourmet kitchen, creating an ideal setting for both relaxation and entertaining. The chef’s kitchen, boasting high-end appliances, sleek cabinetry and ample counter space, will inspire any culinary enthusiast. Expansive windows with plantation shutters and soaring ceilings invite an abundance of natural light, enhancing the spacious feel throughout. For pet owners, the ground-level location offers easy outdoor access through balcony — a rare feature that enhances this home’s appeal. This residence comes complete with detached two garage spaces and additional storage. Residents can indulge in Central Park West's luxury amenities, including heated pools, a resort-style clubhouse, state-of-the-art fitness center, exercise/yoga studio, outdoor spas and more. The complex also offers entertaining spaces with fireplaces, a catering kitchen, barbecue areas, and even a pickleball court, all nestled within lush paseos and mini-parks. Positioned for the ultimate lifestyle, you're close to fine dining, upscale shopping and a vibrant community atmosphere. Just minutes from Fashion Island in Newport Beach, UCI, John Wayne Airport, and Orange County’s beautiful beaches, this condo is perfect for those looking to enjoy a luxurious and convenient lifestyle in an unbeatable location.

Nearby schools

4/10
Monroe Elementary School
Public,K-52.9mi
3/10
Mcfadden Intermediate School
Public,6-83.8mi
3/10
Century High School
Public,9-123.8mi
Condition Rating
Good

Built in 2007, this property falls within the 10-20 year age range for a 'Good' rating. The listing highlights 'fresh carpeting in the bedrooms and new paintings throughout,' indicating recent cosmetic updates. The kitchen is described as 'gourmet' with 'high-end appliances' and 'sleek cabinetry,' suggesting a modern and well-maintained space. While not a full recent renovation, these updates, combined with the 'turnkey' description, ensure the property is move-in ready with minimal wear and tear, aligning perfectly with the 'Good' condition criteria.
Pros & Cons

Pros

Prime Location & Accessibility: Situated in the prestigious Irvine Financial District, offering unparalleled convenience to fine dining, upscale shopping, Fashion Island, UCI, John Wayne Airport, and Orange County's beautiful beaches.
Extensive Luxury Community Amenities: Residents benefit from Central Park West's resort-style amenities, including heated pools, a state-of-the-art fitness center, clubhouse, exercise/yoga studio, outdoor spas, entertaining spaces, catering kitchen, barbecue areas, and a pickleball court.
Turnkey & Modern Interior: The residence boasts fresh carpeting, new paint, an open-concept design, a gourmet kitchen with high-end appliances, sleek cabinetry, ample counter space, expansive windows with plantation shutters, and soaring ceilings, creating a bright and stylish living space.
Ground-Level Convenience & Pet-Friendly Access: As a ground-level unit, it offers easy outdoor access through a private balcony, a rare and highly desirable feature for condo living, especially beneficial for pet owners.
Dedicated Parking & Storage: The property includes two detached garage spaces and additional storage, providing ample convenience and security for vehicles and personal belongings.

Cons

High Association Fee: The monthly association fee of $639.80 is substantial and adds a significant recurring cost to homeownership.
Extended Market Time & Price Adjustment: The property has been on the market since November 2024 and has seen a price increase from its original list price, which may suggest challenges in attracting buyers or that it is currently priced at the higher end of market expectations.
Average School Ratings: While schools are available, the assigned public schools (Mcfadden Intermediate, Monroe Elementary, Century High) have average ratings (3-4 out of 10), which might be a consideration for families prioritizing top-tier school districts.

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