278 Tank, Irvine, California 92618, Irvine, 92618 - 4 bed, 4 bath

278 Tank, Irvine, California 92618 home-pic-0
ACTIVE$1,598,000
278 Tank, Irvine, California 92618
4Beds
4Baths
2,336Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2023, this 'like-new' luxury residence features an open-concept layout, a first-floor guest suite, and a private third-floor primary suite with a versatile loft, offering contemporary living and minimal maintenance.
Top Cons:
High Monthly Association Fees: The property incurs a significant monthly association fee of $299.0, adding to the overall cost of ownership.

Compared to the nearby listings

Price:$1.60M vs avg $1.28M (+$322,000)88%
Size:2,336 sqft vs avg 1,809 sqft85%
Price/sqft:$684 vs avg $70642%

More Insights

Built in 2023 (2 years old).
Condition: This property was built in 2023, making it a brand-new construction. The images showcase a pristine, modern aesthetic throughout, featuring a contemporary kitchen with white shaker cabinets, stainless steel appliances, and light-colored countertops, along with luxurious, updated bathrooms with modern vanities and fixtures. All visible components, including flooring (LVP/engineered wood and carpet), light fixtures, and finishes, are new and meet current quality standards, indicating no deferred maintenance or physical depreciation.
Year Built
2023
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$684
HOA
$299
Days on market
-
Sold On
-
MLS number
OC25067641
Home ConditionExcellent
Features
Deck
Patio
ViewNeighborhood

About this home

Investors! Don’t miss out on this cash cow! With a high rental lease, this stunning corner-lot home in Solis Park is a true gem. This like-new 4-bedroom, 3.5-bath luxury residence features a first-floor guest suite complete with private bathroom and walk-in closet - perfect for visitors or tenants. The open-concept second floor beautifully connects the living, dining and kitchen areas, ideal for both entertaining and everyday living, while the spacious balcony offers a peaceful retreat for your morning coffee or evening relaxation. Upstairs, the third floor presents a private sanctuary with a primary bedroom featuring an ensuite bath and walk-in closet, strategically separated from two additional bedrooms for maximum privacy, plus a versatile loft space that can serve as a home office or study. Beyond its beautiful interiors and scenic views, this home gives you access to all the incredible amenities of the Great Park community, including multiple pools, parks and playgrounds. Education is effortless with top-rated Solis Park K-8 School and Portola High School just a short walk away. Enjoy unparalleled convenience with nearby sports facilities, Wild Rivers Waterpark, and the soon-to-open retail center. This is modern luxury living at its finest - a perfect blend of comfort, style and investment potential you won't want to miss!

Condition Rating
Excellent

This property was built in 2023, making it a brand-new construction. The images showcase a pristine, modern aesthetic throughout, featuring a contemporary kitchen with white shaker cabinets, stainless steel appliances, and light-colored countertops, along with luxurious, updated bathrooms with modern vanities and fixtures. All visible components, including flooring (LVP/engineered wood and carpet), light fixtures, and finishes, are new and meet current quality standards, indicating no deferred maintenance or physical depreciation.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2023, this 'like-new' luxury residence features an open-concept layout, a first-floor guest suite, and a private third-floor primary suite with a versatile loft, offering contemporary living and minimal maintenance.
Exceptional Investment Opportunity: Explicitly marketed as a 'cash cow' with a 'high rental lease,' indicating strong income potential for investors.
Prime Location & Community Amenities: Located in the desirable Solis Park subdivision within the Great Park community, offering access to multiple pools, parks, playgrounds, sports facilities, and proximity to Wild Rivers Waterpark and a new retail center.
Top-Tier School Access: Benefits from being within walking distance to top-rated Solis Park K-8 School and Portola High School, a significant draw for families.
Corner Lot & Outdoor Space: Positioned on a 'stunning corner-lot' with a 'spacious balcony,' providing desirable outdoor retreat options and enhanced curb appeal.

Cons

High Monthly Association Fees: The property incurs a significant monthly association fee of $299.0, adding to the overall cost of ownership.
Townhouse Configuration: As a townhouse, it may offer less privacy and outdoor space compared to a detached single-family home, which could be a consideration for some buyers at this price point.
Premium Price Point: Listed at $1.598 million, this property represents a substantial investment, potentially narrowing the pool of prospective buyers.

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