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271 Merit, Irvine, California 92618, Irvine, 92618 - 4 bed, 5 bath

271 Merit, Irvine, California 92618 home-pic-0
ACTIVE$2,588,888
271 Merit, Irvine, California 92618
4Beds
5Baths
3,460Sqft
5,180Lot

Price Vs. Estimate

The estimated value ($2,588,888) is $0 (0%) lower than the list price ($2,588,888). This property may be overpriced.

Key pros and cons

Top Pros:
Modern & Fully Upgraded Interior: Built in 2021, the home features a modern interior with wide-plank engineered hardwood flooring, an open-concept layout, and a gourmet kitchen with ceiling-height custom cabinetry, paneled built-in refrigerator, quartz countertops, and premium finishes.
Top Cons:
Significant Price Reductions: Multiple price drops from the original list price of $2.98M to $2.58M indicate potential overpricing or challenges in market valuation, which may raise buyer concerns.

Compared to the nearby listings

Price:$2.59M vs avg $2.30M (+$289,388)61%
Size:3,460 sqft vs avg 2,781 sqft79%
Price/sqft:$748 vs avg $83524%

More Insights

Built in 2021 (4 years old).
Condition: This property was built in 2021, making it virtually new. The description highlights 'fully upgraded' features including wide-plank engineered hardwood flooring throughout, a gourmet kitchen with ceiling-height custom cabinetry, quartz countertops, and a paneled built-in refrigerator. Bathrooms are described as 'spa-like' with floor-to-ceiling tile. Images confirm a modern, high-end aesthetic with new appliances, fixtures, and finishes, indicating no deferred maintenance and meeting current quality standards.
Year Built
2021
Close
-
List price
$2.59M
Original List price
$2.99M
Price/Sqft
$748
HOA
$260
Days on market
-
Sold On
-
MLS number
OC25097937
Home ConditionExcellent
Features
Deck
Patio
ViewNeighborhood

About this home

Welcome to 271 Merit, a fully upgraded single-family home located in the heart of Irvine’s highly sought-after Great Park Neighborhood. With 3,460 sqft of beautifully designed living space, attached two car garage with private driveway, this home offers the perfect combination of luxury, functionality, and comfort. Step into a bright, modern interior featuring wide-plank engineered hardwood flooring throughout, an open-concept layout, and generous natural light in every room. The gourmet kitchen is a showpiece with ceiling-height custom cabinetry, a paneled built-in refrigerator, quartz countertops, and premium finishes. All bedrooms are ensuite, each with its own full bath, offering privacy and convenience.A first-floor private suite with a separate entrance is ideal for guests, multigenerational living, or rental potential. The primary suite boasts extra-high ceilings, a spa-like bath with floor-to-ceiling tile, and a custom walk-in closet system. Located in a top-tier Irvine school zone, this home is just a 5 minutes walk to Portola High School and 12 minutes walking to Solis Park Elementary. You'll also enjoy being just 10 minutes from Irvine Spectrum Center, offering world-class shopping, dining, and entertainment.

Condition Rating
Excellent
This property was built in 2021, making it virtually new. The description highlights 'fully upgraded' features including wide-plank engineered hardwood flooring throughout, a gourmet kitchen with ceiling-height custom cabinetry, quartz countertops, and a paneled built-in refrigerator. Bathrooms are described as 'spa-like' with floor-to-ceiling tile. Images confirm a modern, high-end aesthetic with new appliances, fixtures, and finishes, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Modern & Fully Upgraded Interior: Built in 2021, the home features a modern interior with wide-plank engineered hardwood flooring, an open-concept layout, and a gourmet kitchen with ceiling-height custom cabinetry, paneled built-in refrigerator, quartz countertops, and premium finishes.
Exceptional Layout & Versatility: All bedrooms are ensuite, providing privacy, and a first-floor private suite with a separate entrance offers ideal flexibility for guests, multigenerational living, or potential rental income.
Prime Location & Top-Tier Schools: Located in the highly sought-after Great Park Neighborhood within a top-tier Irvine school zone, with Portola High School and Solis Park Elementary within walking distance.
Proximity to Amenities: The property is conveniently located just 10 minutes from Irvine Spectrum Center, offering world-class shopping, dining, and entertainment options.
Spacious Living Area: With 3,460 sqft of beautifully designed living space, the home offers ample room for comfort and functionality, including a spa-like primary suite with extra-high ceilings and a custom walk-in closet.

Cons

Significant Price Reductions: Multiple price drops from the original list price of $2.98M to $2.58M indicate potential overpricing or challenges in market valuation, which may raise buyer concerns.
High Monthly Association Fees: The $260.0 monthly association fee adds a recurring cost to homeownership, which could impact overall affordability and buyer interest.
Modest Lot Size for Square Footage: A 5,180 sqft lot for a 3,460 sqft single-family home may offer limited private outdoor space compared to similar luxury properties in the area.

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