3 Palos 51, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath

3 Palos 51, Irvine, California 92612 home-pic-0
ACTIVE$1,139,000
3 Palos 51, Irvine, California 92612
2Beds
2Baths
1,468Sqft
Lot

Price Vs. Estimate

The estimated value ($1,125,984.515) is $13,015.485 (2%) lower than the list price ($1,139,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
Top Cons:
Age of Building: Built in 1975, the property is nearly 50 years old, which may imply potential for older infrastructure or systems not explicitly mentioned as updated (e.g., plumbing, electrical, HVAC), potentially leading to future maintenance costs.

Compared to the nearby listings

Price:$1.14M vs avg $985.0K (+$154,000)66%
Size:1,468 sqft vs avg 1,447 sqft54%
Price/sqft:$776 vs avg $75155%

More Insights

Built in 1975 (50 years old).
Condition: Built in 1975, this property is nearly 50 years old. While it features recent updates such as 'brand new luxury laminated flooring' in some areas and modern stainless steel appliances in the kitchen, the overall aesthetic, including traditional oak cabinetry in both the kitchen and bathrooms, and several dated light fixtures, suggests that major renovations occurred more than 15 years ago. The property is well-maintained and move-in ready, but shows signs of being aged with functional but outdated components, requiring minor cosmetic updates to fully modernize.
Year Built
1975
Close
-
List price
$1.14M
Original List price
$1.23M
Price/Sqft
$776
HOA
$588
Days on market
-
Sold On
-
MLS number
OC24194545
Home ConditionFair
Features
Good View: Neighborhood, Trees/Woods
Deck
ViewNeighborhood, Trees/Woods

About this home

Brand new luxury laminated flooring with price adjustment!! At $1,139,0000, the lowest condo in this fabulous neighborhood of Rancho San Joaquin Interior location, away from the noisy streets! Street level entry with high ceiling! End unit with no one above! South facing with three sets of sliding doors and two balconies! Light and bright with beautiful view! Rarely on the market, this one-of-a-kind single-level home is situated in a beautiful location in the prestigious golf course community of Rancho San Joaquin. Zoned for the number 1 high school in Irvine (University High), the secluded two-bedroom and two-bathroom top-floor condo is an end unit with a street-level entrance. This wonderful home boasts 1468 square feet of living space consisting of an open floor plan that includes a living room with a cathedral ceiling and fireplace, a dining room, and an open kitchen. Enjoy the panoramic view of the neighborhood through the multiple large sliding doors, which also provide access to the oversized private balconies located around the unit. The gourmet kitchen has a granite countertop and is equipped with stainless steel appliances, a double oven, a gas stove top, a microwave, and a water purifier. With an abundant amount of counter and cabinet space, the kitchen provides a beautiful and functional space for even the most demanding chefs. The primary bedroom is very spacious and bright with a cathedral ceiling. The amazing views from the oversized window turn this space into a wonderful personal retreat. The primary bathroom has a large window which brings in an ample amount of natural light creating a comfortable and bright space. This bathroom is outfitted with double vanities and a walk-in shower and contains an abundant amount of closet space. The second bedroom has an ensuite bathroom with a single vanity and a tub and shower combo. Multiple built-in closets throughout the unit provide an ample amount of storage space. In addition, the condo includes a two-car detached garage with a shelving system for additional storage. No Mello Roos! The community has two swimming pools and spas, and is very close to UCI, William Mason Park, and various hiking trails. With countless shopping and dining choices nearby, and only minutes away from South Coast Plaza, Irvine Spectrum, Fashion Island, and the beautiful Southern California beaches, you do not want to miss this one. Come and see it for yourself!

Nearby schools

6/10
University Park Elementary School
Public,K-60.9mi
9/10
Rancho San Joaquin Middle School
Public,7-81.5mi
9/10
University High School
Public,9-120.9mi
Condition Rating
Fair

Built in 1975, this property is nearly 50 years old. While it features recent updates such as 'brand new luxury laminated flooring' in some areas and modern stainless steel appliances in the kitchen, the overall aesthetic, including traditional oak cabinetry in both the kitchen and bathrooms, and several dated light fixtures, suggests that major renovations occurred more than 15 years ago. The property is well-maintained and move-in ready, but shows signs of being aged with functional but outdated components, requiring minor cosmetic updates to fully modernize.
Pros & Cons

Pros

Great Schools: Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
Prime Location & Lifestyle: Situated in a prestigious Irvine golf course community, offering proximity to UCI, William Mason Park, hiking trails, and major shopping/dining hubs like South Coast Plaza, Irvine Spectrum, and Fashion Island, plus Southern California beaches.
Top-Rated School District: Zoned for the highly-rated University High School (rated 9), which is a significant draw for families and contributes to long-term property value.
Unique & Desirable Unit Features: As an end unit with a street-level entry, single-level layout, no one above, high ceilings, south-facing orientation, multiple sliding doors, and two private balconies, it offers abundant natural light and desirable living conditions.
Updated Interior & Gourmet Kitchen: Boasts brand new luxury laminated flooring and a gourmet kitchen equipped with granite countertops, stainless steel appliances (double oven, gas stovetop, microwave, water purifier), and ample storage, providing a modern and functional space.
Community Amenities & Financial Benefit: Residents have access to two community swimming pools and spas, complemented by the significant financial advantage of 'No Mello Roos' taxes.

Cons

Age of Building: Built in 1975, the property is nearly 50 years old, which may imply potential for older infrastructure or systems not explicitly mentioned as updated (e.g., plumbing, electrical, HVAC), potentially leading to future maintenance costs.
Monthly Association Fees: A monthly association fee of $588.0 is a significant recurring cost that buyers must factor into their budget, impacting overall affordability.
Price History & Market Value: The property has seen multiple price reductions from its original listing, and the current list price remains slightly above the estimated market value, which could indicate market resistance or a need for further price adjustment to attract buyers.

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