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221 Milky Way, Irvine, California 92618, Irvine, 92618 - 3 bed, 3 bath

221 Milky Way, Irvine, California 92618 home-pic-0
ACTIVE$1,275,000
221 Milky Way, Irvine, California 92618
3Beds
3Baths
1,482Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Top-Tier Schools: Located in the highly sought-after Irvine Unified School District (IUSD) and within walking distance to Loma Ridge Elementary, making it exceptionally attractive for families.
Top Cons:
Monthly Association Fees: The $183 monthly association fee adds to the overall cost of homeownership, which potential buyers must factor into their budget.

Compared to the nearby listings

Price:$1.27M vs avg $1.27M (+$0)50%
Size:1,482 sqft vs avg 1,802.5 sqft15%
Price/sqft:$860 vs avg $71588%

More Insights

Built in 2018 (7 years old).
Condition: Built in 2018, this property is practically new, showing no signs of wear or deferred maintenance. The kitchen features modern white shaker cabinets, light quartz countertops, stainless steel appliances, and a stylish herringbone subway tile backsplash. Bathrooms are equally contemporary with white vanities, modern fixtures, and clean tiling. The light wood flooring, recessed lighting, and overall aesthetic are current and in pristine condition, meeting the highest quality standards.
Year Built
2018
Close
-
List price
$1.27M
Original List price
$1.36M
Price/Sqft
$860
HOA
$183
Days on market
-
Sold On
-
MLS number
OC25059264
Home ConditionExcellent
Features
Good View: Mountain(s)
Patio
ViewMountain(s)

About this home

Welcome to 221 Milky Way, an inviting end-unit home that offers privacy, abundant natural light, and an exceptional location in the highly sought-after Irvine Unified School District (IUSD). With no shared walls on one side and large windows throughout, this home feels open, warm, and welcoming. Designed for functional living, all bedrooms are conveniently located upstairs, offering a peaceful retreat from the main living areas. The home also features direct access from the garage, making daily routines seamless and efficient. Perfectly positioned within walking distance to the highly-rated Loma Ridge Elementary, this home is ideal for those seeking top-tier schools and a family-friendly community. The community pool and playground are just around the corner, providing convenient spots for relaxation and play, while nearby parks and scenic walking trails offer even more opportunities to enjoy the outdoors. Whether you’re relaxing at home or exploring the neighborhood, 221 Milky Way is the perfect blend of comfort, convenience, and charm.

Condition Rating
Excellent
Built in 2018, this property is practically new, showing no signs of wear or deferred maintenance. The kitchen features modern white shaker cabinets, light quartz countertops, stainless steel appliances, and a stylish herringbone subway tile backsplash. Bathrooms are equally contemporary with white vanities, modern fixtures, and clean tiling. The light wood flooring, recessed lighting, and overall aesthetic are current and in pristine condition, meeting the highest quality standards.
Pros & Cons

Pros

Prime Location & Top-Tier Schools: Located in the highly sought-after Irvine Unified School District (IUSD) and within walking distance to Loma Ridge Elementary, making it exceptionally attractive for families.
End-Unit Privacy & Natural Light: As an end-unit, the home benefits from increased privacy and abundant natural light due to fewer shared walls and numerous large windows.
Modern Construction: Built in 2018, the property offers contemporary design, modern amenities, and reduced immediate maintenance concerns typical of newer homes.
Excellent Community Amenities: Residents have convenient access to a community pool, playground, nearby parks, and scenic walking trails, enhancing lifestyle and recreational opportunities.
Functional Layout & Convenience: The home features a practical layout with all bedrooms located upstairs for a peaceful retreat and direct garage access, streamlining daily routines.

Cons

Monthly Association Fees: The $183 monthly association fee adds to the overall cost of homeownership, which potential buyers must factor into their budget.
Compact Square Footage: At 1482 sqft for a 3-bedroom, 3-bathroom townhouse, the living space might be considered compact for some buyers, especially given the price point in the Irvine market.
Price History & Market Perception: The reduction from an original list price of $1.364M to $1.275M could suggest initial overpricing or a longer time on market, potentially influencing buyer perception of value.

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