
Irvine, California 92612
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $850,000—positioned well below the $858,848 Fair Market Value by 1%. This valuation gap offers $8,848 in Instant Equity for buyers. Featuring a Good Condition Rating, this top-floor unit includes a versatile loft, quartz kitchen countertops, and resort-style amenities like a pool and spa. While school ratings are moderate, the property’s proximity to UC Irvine and major transit hubs ensures high lifestyle value. It is an ideal acquisition for first-time buyers or owner-occupants seeking a turnkey Irvine residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2434 Scholarship Subject 2 bd · 2 ba · 1,274 sqft · $674 | $850,000* List Price | 2 | 2 | 1,274 | $674 | - |
A 2320 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $718 · 0.0 mi | $745,000 | 2 | 2 | 1,038 | $718 | 0.0 mi |
B 2226 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $723 · 0.0 mi | $750,000 | 2 | 2 | 1,038 | $723 | 0.0 mi |
C 2322 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $694 · 0.0 mi | $720,000 | 2 | 2 | 1,038 | $694 | 0.0 mi |
D 2262 Scholarship Sold 2 bd · 2 ba · 1,038 sqft · $723 · 0.0 mi | $750,000 | 2 | 2 | 1,038 | $723 | 0.0 mi |
E 2380 Scholarship Sold 3 bd · 2 ba · 1,345 sqft · $729 · 0.0 mi | $980,000 | 3 | 2 | 1,345 | $729 | 0.0 mi |
F 2448 Scholarship Sold 1 bd · 1 ba · 895 sqft · $749 · 0.0 mi | $670,000 | 1 | 1 | 895 | $749 | 0.0 mi |
G 2134 Scholarship Sold 2 bd · 2 ba · 1,052 sqft · $708 · 0.0 mi | $745,000 | 2 | 2 | 1,052 | $708 | 0.0 mi |
H 3141 Michelson 805 Sold 2 bd · 2 ba · 1,249 sqft · $849 · 0.7 mi | $1,060,000 | 2 | 2 | 1,249 | $849 | 0.7 mi |
I 2358 Scholarship Active 2 bd · 2 ba · 1,052 sqft · $712 · 0.0 mi | $749,000 List Price | 2 | 2 | 1,052 | $712 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007 (17 years old), this property falls within the 10-20 year age bracket for a 'Good' rating. The kitchen and bathrooms are well-maintained and functional, featuring quartz countertops and stainless steel appliances. The unit is move-in ready with no visible structural or safety defects.
As a top-floor unit with high ceilings and a multi-functional loft, the property offers a spacious, airy feel and flexible living options for a home office or gym.
The Avenue One community provides an extensive amenity package, including an indoor basketball court, putting green, and fitness center, offering high lifestyle value.
Eligibility for special first-time homebuyer programs, including a $6,500 grant and no mortgage insurance, provides a distinct financial advantage in a competitive market.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =177155, other record lot size in square feet = 183415.
The association fee of $702.78 is relatively high, which increases the monthly carrying cost and may impact debt-to-income ratios for prospective buyers.
The property is served by the Santa Ana Unified School District with school ratings ranging from 3 to 4, which may be less desirable for families seeking top-tier Irvine academic scores.
Welcome to Avenue One in Irvine! This light and bright, top-floor 1,274 sq ft, 2-bedroom, 2-bath condo with a loft features an open floor plan, high ceilings, large windows, and plenty of natural light. The main living area feels open and airy, with laminate flooring and access to a private balcony that is also accessible from the second bedroom. The kitchen features quartz countertops, stainless steel appliances, and opens to the living and dining areas. The primary bedroom suite includes an ensuite bathroom, while the second bedroom has convenient access to the hallway bathroom. Upstairs, the versatile loft provides additional space for a home office, workout area, or second living space. The home also features in-unit laundry and two parking spaces. Avenue One offers resort-style amenities including a pool and spa, fitness center, clubhouse, indoor basketball court, putting green, playground, barbecue and picnic areas, business center, and more. The community is conveniently surrounded by shops, restaurants, cafés, and everyday conveniences. Located near UC Irvine, John Wayne Airport, and major freeways, this home offers easy access to everything Irvine has to offer. This home also qualifies for special first-time homebuyer programs, offering access to competitive rates, no mortgage insurance, no loan origination fee, and a $6,500 grant for eligible buyers.
No exterior & parking available.
Grades K-5 • 3.3 mi
Grades 6-8 • 4.0 mi
Grades 9-12 • 4.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,274 | 1,685.105 |
| Lot Size | 177,155 | 42,358.594 |
| Price | $850.0K | $1.21M |
| Price per sq ft | $667 | $740 |
| Built year | 2007 | 2010 |
| HOA | $702.78 | $280 |
| Days on market | 19 | 61 |
Oct 6, 2026
$850,000
Initial Listing
Nov 18, 2020
$560,000
Public Record
Sep 19, 2016
$490,000
Public Record
Jul 28, 2009
$410,000
Public Record
Mar 4, 2008
$507,000
Public Record