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242 Canterbury, Irvine, California 92618, Irvine, 92618 - 4 bed, 4 bath

242 Canterbury, Irvine, California 92618 home-pic-0
ACTIVE$2,713,954
242 Canterbury, Irvine, California 92618
4Beds
4Baths
2,524Sqft
3,227Lot

Price Vs. Estimate

The estimated value ($2,477,181.15) is $236,772.85 (8%) lower than the list price ($2,713,954). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2025, this home features a brand-new, open-concept floorplan with a gourmet kitchen, quartz countertops, and en-suite bathrooms for all bedrooms, including an oversized primary suite.
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 = 3227, living area = 2524.

Compared to the nearby listings

Price:$2.71M vs avg $2.30M (+$414,454)68%
Size:2,524 sqft vs avg 2,749 sqft39%
Price/sqft:$1.1K vs avg $84096%

More Insights

Built in 2025 (0 years old).
Condition: This property is a brand-new construction, built in 2025, which immediately qualifies it for an 'Excellent' rating. The description highlights a 'gourmet kitchen' with 'quartz countertops and full backsplash,' a 'generous island with upgraded quartz countertops,' and an 'oversized primary bath with quartz countertops, soaking tub, walk-in shower, and separate his and hers vanities.' All bedrooms are en-suite, indicating modern design and luxury. The inclusion of a paid-for solar system further emphasizes its newness and energy efficiency. The exterior image confirms a pristine, newly built home with modern architectural styling, fresh landscaping, and no signs of wear or deferred maintenance. All components are new, meeting current quality standards.
Year Built
2025
Close
-
List price
$2.71M
Original List price
$2.71M
Price/Sqft
$1,075
HOA
$190
Days on market
-
Sold On
-
MLS number
OC25030165
Home ConditionExcellent
Features
Good View: Canyon, Hills
ViewCanyon, Hills

About this home

Hurry to see our popular Residence 3 home with a beautiful open space canyon view! We are selling our final view homes, so don't wait! Ultimate in privacy is yours with views from your rear yard, great room kitchen and primary suite with Juliet's Balcony off the suite! The home is bright and light and the price is right! Located in the popular Sierra neighborhood, close to parks, pools, trails, etc. Lowest price single family detached view home in Portola Springs! In the popular Portola Springs High School district. Solar included and paid for! Open concept floorplan with gourmet kitchen, quartz countertops with full backsplash, generous island with upgraded quartz countertops! The kitchen & great room opens to peaceful canyon views and privacy. Quiet cul de sac street! Be sure to check out all the photos of the breathtaking views! Plan 3 offers 1 bedroom down with private full bath, all bedrooms are en-suite with private bath. Primary bedroom has oversized primary bath with quartz countertops, soaking tub with walk in shower, separate his and hers vanities, large walk in closet & much more. Home is located in the coveted Irvine Unified School District, close to shopping, good freeway & toll road access. Go direct to the sales office for access, no appointment needed!

Condition Rating
Excellent
This property is a brand-new construction, built in 2025, which immediately qualifies it for an 'Excellent' rating. The description highlights a 'gourmet kitchen' with 'quartz countertops and full backsplash,' a 'generous island with upgraded quartz countertops,' and an 'oversized primary bath with quartz countertops, soaking tub, walk-in shower, and separate his and hers vanities.' All bedrooms are en-suite, indicating modern design and luxury. The inclusion of a paid-for solar system further emphasizes its newness and energy efficiency. The exterior image confirms a pristine, newly built home with modern architectural styling, fresh landscaping, and no signs of wear or deferred maintenance. All components are new, meeting current quality standards.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2025, this home features a brand-new, open-concept floorplan with a gourmet kitchen, quartz countertops, and en-suite bathrooms for all bedrooms, including an oversized primary suite.
Premium Views & Privacy: Offers desirable open space canyon views and enhanced privacy from the rear yard, great room, kitchen, and primary suite, located on a quiet cul-de-sac street.
Desirable Community & School District: Situated in the popular Sierra neighborhood within Portola Springs, providing access to parks, pools, and trails, and zoned for the highly-rated Irvine Unified School District.
Cost-Saving Solar System: Includes a fully paid-for solar system, offering significant long-term energy cost savings for the homeowner.
Strategic Location Access: Conveniently located with good access to shopping, freeways, and toll roads, enhancing daily commute and accessibility to 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 = 3227, living area = 2524.
Above Estimated Market Value: The current listing price is 8% higher than the property's estimated market value, potentially indicating an aggressive pricing strategy.
Ongoing Association Fees: The property is subject to a monthly association fee of $190, which adds to the overall cost of homeownership.
Limited Lot Size: With a lot size of 3227 sqft, the outdoor space is relatively compact, which might be a consideration for buyers seeking larger yards or extensive outdoor living areas.

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