3131 Michelson 1504, Irvine, California 92612, Irvine, 92612 - 2 bed, 3 bath
3131 Michelson 1504
Irvine, California 92612
Property Price
SUMMARY
Analysis of 3131 Michelson 1504, Irvine, California 92612 is currently available with a list price of $1,795,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Irvine Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2006, this property falls within the 10-20 year age bracket for a 'good' rating. It is move-in ready with well-maintained systems and high-end features, including quartz countertops and built-in stainless steel appliances. While the cabinetry and bathroom tiling reflect the original luxury style of the mid-2000s, the flooring appears updated, and the overall unit shows minimal wear and tear with no immediate renovations required.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Corner Views
Situated on the 15th floor, this rare corner unit offers expansive panoramic views of city lights, mountains, and the surrounding park, significantly increasing its aesthetic appeal and market value.
- Versatile Floor Plan
The spacious 2,063 square foot Model E layout includes a dedicated den that can easily function as a third bedroom or professional home office, providing rare flexibility for high-rise living.
- Comprehensive Luxury Amenities
Residents enjoy a resort-style lifestyle with 24-hour concierge, guard-gated security, a fitness center, a heated pool, and a private movie theater, ensuring a high standard of convenience and safety.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2063, other record living area = 1993.
- High Monthly Carrying Costs
The association fee of $1,440.15 per month is substantial and may deter budget-conscious buyers or impact the debt-to-income ratio for those seeking financing.
- School District Ratings
The assigned schools within the Santa Ana Unified School District currently hold lower ratings (3-4 range), which may be a drawback for families prioritizing top-tier educational performance.
About 3131 Michelson 1504
Experience the high-rise luxury with this rarely available corner unit on the 15th floor of Marquee Park Place. Located in the heart of Irvine business district, the spacious layout of 2,063 square foot Model E floor plan includes two large bedrooms and two and half bathroom. Den perfect for a third bedroom or office space. The master suite has private master bedroom exit, and walk-in closet. The kitchen shines with quartz countertops, built-in stainless fridge and stainless-steel appliances, Living at Marquee means a resort-style lifestyle with all-inclusive HOA dues covering water, gas, trash, and high-speed internet. Residents enjoy 24-hour concierge and guard-gated security, a fitness center, heated pool, private movie theater, and two side-by-side parking spaces with a storage unit. Just minutes from UCI, world-class dining, John Wayne airport and beaches.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2006
- Lot Size
- 100,845 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1440.15 / Month
Neighborhood Insights
Irvine Unified Schools
Monroe Elementary School
Grades K-5 • 3.0 mi
Mcfadden Intermediate School
Grades 6-8 • 4.0 mi
Century High School
Grades 9-12 • 3.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 2,063 | 1,441 | 86% |
| Lot Size | 100,845 | 41,727 | 63% |
| Price | $1.79M | $980.0K | 92% |
| Price per sq ft | $870 | $747 | 85% |
| Built year | 2006 | 2003 | 65% |
| HOA | $1440.15 | $588 | 94% |
| Days on market | 41 | 169 | 5% |
Pricing History
Listed for Sale
Feb 14, 2026
$1,795,000
$1,850,000
-3% Price Drop
Initial Listing
Price Change
Jan 25, 2026
$1,850,000
Initial Listing
Sold
Dec 27, 2024
$1,625,000
Public Record
Sold
Apr 26, 2019
$1,085,000
Public Record
Sold
May 22, 2015
$980,000
Public Record