312 Brimwood, Irvine, California 92618, Irvine, 92618 - 4 bed, 3 bath

312 Brimwood, Irvine, California 92618 home-pic-0
ACTIVE$3,166,000
312 Brimwood, Irvine, California 92618
4Beds
3Baths
2,980Sqft
4,500Lot

Price Vs. Estimate

The estimated value ($2,752,415.575) is $413,584.425 (13%) lower than the list price ($3,166,000). This property may be overpriced.

Key pros and cons

Top Pros:
New Construction & Modern Design: Built in 2024, this brand-new home offers contemporary aesthetics, modern systems, and minimal immediate maintenance, appealing to discerning buyers.
Top Cons:
Significant Price Discrepancy: The current list price of $3.166M is 13% higher than the estimated property value of $2.752M, suggesting a potential overvaluation that may require strong justification to prospective buyers.

Compared to the nearby listings

Price:$3.17M vs avg $2.30M (+$866,500)83%
Size:2,980 sqft vs avg 2,781 sqft58%
Price/sqft:$1.1K vs avg $84096%

More Insights

Built in 2024 (1 years old).
Condition: This is a brand new home built in 2024, explicitly described as 'Gorgeous Brand New home' with 'premium materials' and 'meticulously crafted.' The description highlights a 'gourmet kitchen with a roomy island and a walk-in pantry' and a 'spa-like bathroom featuring a generously sized tub, shower, and double vanity.' The inclusion of owned solar further enhances its modern appeal and efficiency. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Year Built
2024
Close
-
List price
$3.17M
Original List price
$3.27M
Price/Sqft
$1,062
HOA
$180
Days on market
-
Sold On
-
MLS number
OC25045174
Home ConditionExcellent
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood

About this home

Welcome to 312 Brimwood, Gorgeous Brand New home built in 2024. Two Level four bedrooms Single Family House with Owned Solar. Contemporary and expansive floor plan with delightful interior accents. The open design incorporates a gourmet kitchen with a roomy island and a walk-in pantry. Effortlessly, glass doors open to unveil breathtaking Irvine vistas, seamlessly expanding the living area outdoors—ideal for al fresco dining and family gatherings. The first floor boasts a versatile downstairs bedroom, perfect for an office or guestroom, along with a two-car garage. Ascending to the second floor reveals a spacious loft and three additional bedrooms with the Own Bathrooms, including the primary bedroom with a spa-like bathroom featuring a generously sized tub, shower, and double vanity. Olivewood offers a contemporary living experience in a coveted Irvine location. Meticulously crafted with the utmost attention to detail, this home boasts premium materials that meet the expectations of discerning buyers. This sought-after Irvine address offers not only a luxurious living space, but also the convenience of being within walking distance to Loma Ridge Elementary School, extensive scenic trails, and over 15 family-friendly resort-style parks with abundant amenities. Don't miss out on the opportunity to make Olivewood in Irvine your new home. Must See.

Condition Rating
Excellent

This is a brand new home built in 2024, explicitly described as 'Gorgeous Brand New home' with 'premium materials' and 'meticulously crafted.' The description highlights a 'gourmet kitchen with a roomy island and a walk-in pantry' and a 'spa-like bathroom featuring a generously sized tub, shower, and double vanity.' The inclusion of owned solar further enhances its modern appeal and efficiency. All components are new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'excellent' condition criteria.
Pros & Cons

Pros

New Construction & Modern Design: Built in 2024, this brand-new home offers contemporary aesthetics, modern systems, and minimal immediate maintenance, appealing to discerning buyers.
Owned Solar System: The inclusion of owned solar panels provides significant long-term energy cost savings and contributes to environmental sustainability.
Prime Irvine Location & Community Amenities: Situated in the coveted Olivewood subdivision within Irvine, residents benefit from walking distance to Loma Ridge Elementary, extensive scenic trails, and access to over 15 family-friendly resort-style parks.
Functional & Versatile Floor Plan: Features an expansive open-concept design, a gourmet kitchen with a large island and walk-in pantry, a flexible downstairs bedroom/office, and a spacious upstairs loft.
Desirable Views & Indoor-Outdoor Living: Glass doors seamlessly expand the living area outdoors to 'breathtaking Irvine vistas,' complemented by mountain and neighborhood views, ideal for entertaining.

Cons

Significant Price Discrepancy: The current list price of $3.166M is 13% higher than the estimated property value of $2.752M, suggesting a potential overvaluation that may require strong justification to prospective buyers.
Modest Lot Size: With a lot size of 4500 sqft, the outdoor space is relatively compact for a single-family home of this caliber and price point, which might be a consideration for buyers seeking larger yards.
Monthly Association Fees: The $180.0 monthly association fee adds to the recurring housing expenses, which, while covering community amenities, can be a factor for budget-conscious buyers.

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