
Irvine, California 92612
This Move-in Ready Condominium represents a Strong Value Opportunity, listed at $899,000—positioned well below the $949,277 Fair Market Value by 5%. This valuation gap provides $50,277 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers a modern open-concept layout, hardwood flooring, and a private balcony. Located in the amenity-rich Belvedere community, this property is an ideal acquisition for Owner-Occupants seeking a lifestyle-focused residence or first-time buyers prioritizing convenience near major Irvine business hubs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21 Gramercy 309 Subject | $899,000* List Price | 2 | 2 | 1,474 | $644 | - |
A 21 Gramercy 208 Sold | $890,000 | 2 | 2 | 1,583 | $562 | 0.0 mi |
B 21 Gramercy 410 Sold | $915,000 | 2 | 2 | 1,583 | $578 | 0.0 mi |
C 3141 Michelson 508 Sold | $1,165,000 | 2 | 2 | 1,520 | $766 | 0.3 mi |
D 3131 Michelson Drive 503 Sold | $1,085,000 | 2 | 2 | 1,583 | $685 | 0.3 mi |
E 3141 Michelson 1306 Sold | $1,025,000 | 2 | 2 | 1,367 | $750 | 0.3 mi |
F 21 Gramercy 306 Sold | $1,160,000 | 2 | 3 | 1,810 | $641 | 0.0 mi |
G 1434 Scholarship Sold | $810,000 | 2 | 2 | 1,274 | $636 | 0.5 mi |
H 3131 Michelson Drive 606 Sold | $873,000 | 2 | 2 | 1,330 | $656 | 0.3 mi |
I 507 Rockefeller Active | $875,000 List Price | 1 | 2 | 1,426 | $614 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2011 (15 years old), the property falls into the 10-20 year age bracket. The kitchen and bathrooms are well-maintained with modern dark cabinetry, granite countertops, and stainless steel appliances, making it fully functional and move-in ready.
Built in 2011, this 1,474 sqft condominium offers a generous and contemporary floor plan for a two-bedroom unit, providing significantly more living space than standard urban condos.
Situated in the desirable Airport Area within the Belvedere community, the property provides exceptional proximity to major business hubs, high-end shopping, and John Wayne Airport.
Listed at $899,000, this property represents a highly accessible price point for the Irvine real estate market, offering a strong value proposition for professionals or investors.
The association fee of $745 per month is substantial, which increases the total monthly carrying cost and may impact the debt-to-income ratio for potential buyers.
Despite the Irvine address, the property is served by the Santa Ana Unified School District rather than the highly-coveted Irvine Unified School District, which can influence long-term resale demand.
Move-in ready and ideally situated within Belvedere at Central Park West, this beautifully maintained third-floor residence offers two bedrooms, two full bathrooms, a desirable interior courtyard location, and two side-by-side parking spaces. Hardwood flooring flows throughout the main living areas, with brand-new carpet in both bedrooms. The open-concept kitchen connects seamlessly to the dining and living spaces and features generous cabinetry, a walk-in pantry, and an extended countertop with bar seating. The living room opens to a private balcony overlooking the courtyard, also accessible directly from the spacious primary suite. The primary suite includes a walk-in closet, while the primary bath features dual vanities, a large soaking tub, a separate walk-in shower, and a private water closet. The secondary bedroom offers courtyard views and two reach-in closets, with the second full bathroom conveniently located nearby. An interior laundry closet adds everyday convenience. Central Park West offers an impressive collection of resort-style amenities, including a clubhouse and recreation center, fitness facilities, swimming pools and spas, pickleball and basketball courts, outdoor entertaining areas, and dog-friendly spaces. Centrally located near Jamboree Road and Michelson Drive, the community provides convenient access to John Wayne Airport, South Coast Plaza, Newport Beach, UCI, and the 405, 5, and 73 freeways—offering an ideal combination of comfort, convenience, and the best of the Irvine lifestyle.
No exterior & parking available.
Grades K-5 • 2.9 mi
Grades 6-8 • 3.8 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,474 | 1,652.392 |
| Lot Size | 65,626 | 42,663.332 |
| Price | $899.0K | $1.21M |
| Price per sq ft | $610 | $746 |
| Built year | 2011 | 2010 |
| HOA | $745.0 | $278 |
| Days on market | 27 | 57 |
Aug 13, 2026
$899,000
Initial Listing
Jun 30, 2016
$580,000
Public Record
Aug 7, 2012
$480,000
Public Record