3131 Michelson Drive 503, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath

3131 Michelson Drive 503, Irvine, California 92612 home-pic-0
ACTIVE$1,200,000$1,583/sqft
3131 Michelson Drive 503, Irvine, California 92612
2Beds
2Baths
1,583Sqft
100,845Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Luxury Community & Amenities: Located in the 'most luxurious high-rise residences in Irvine' within the 'highly sought-after Marquee Park Place community,' offering extensive HOA amenities including 24-hour guarded gate, concierge, resort-style pool/spa, fitness center, business center, and private movie theater.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1583, other record living area = 1375.

Compared to the nearby listings

Price:$1.20M vs avg $980.0K (+$220,000)66%
Size:1,583 sqft vs avg 1,447 sqft64%
Price/sqft:$758 vs avg $74656%

More Insights

Built in 2006 (20 years old).
Condition: This unit, built in 2006, presents in excellent condition due to significant and recent high-quality renovations. The description highlights 'upgraded full bathrooms,' a 'modern kitchen with granite countertops, stainless steel appliances, and a custom built-in refrigerator,' 'nearly-new washer and dryer,' and 'newly replaced toilets.' The images confirm a contemporary aesthetic throughout, with pristine hardwood flooring in living areas and office, clean carpeting in bedrooms, and sleek, updated finishes in both the kitchen and bathrooms. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the criteria for an 'Excellent' rating.
Year Built
2006
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$758
HOA
$1,500
Days on market
-
Sold On
-
MLS number
OC26012016
Home ConditionExcellent
Features
Good View: Park/Greenbelt, Mountain(s), Pool
Deck
ViewPark/Greenbelt, Mountain(s), Pool

About this home

Most luxurious high-rise residences in Irvine, located in the highly sought-after Marquee Park Place community. This meticulously maintained unit features TWO spacious BEDROOMS plus AN OFFICE that can easily serve as aTHIRD bedroom. It offers two upgraded full bathrooms and a modern kitchen with granite countertops, stainless steel appliances, and a custom built-in refrigerator. The open-concept layout connects seamlessly to the living area, creating a bright and contemporary atmosphere. The living room is enhanced by floor-to-ceiling windows that bring in abundant natural light and offer expansive views. The unit also provides generous storage space, a dedicated laundry room with nearly-new washer and dryer, and newly replaced toilets in both bathrooms. Step outside to a private terrace with stunning views of the city skyline and community pool. Included are two side-by-side parking spaces and a large storage room located on the parking level. The HOA offers an array of upscale amenities, including 24-hour guarded gate access, concierge service, resort-style pool and spa, fitness center, business center, private movie theater, clubhouse, and more. Prime location in the heart of Irvine’s business district—close to top-rated schools, parks, shopping centers, Fashion Island, and just minutes from the beaches of Newport Coast.

K
Kaige Zhao
Listing Agent

Nearby schools

4/10
Monroe Elementary School
Public,K-53.0mi
3/10
Mcfadden Intermediate School
Public,6-84.0mi
3/10
Century High School
Public,9-123.9mi

Price History

Date
Event
Price
07/07/22
Sold
$1,025,000
01/22/18
Sold
$713,000
02/28/13
Sold
$385,000
02/10/06
Sold
$811,000
Condition Rating
Excellent

This unit, built in 2006, presents in excellent condition due to significant and recent high-quality renovations. The description highlights 'upgraded full bathrooms,' a 'modern kitchen with granite countertops, stainless steel appliances, and a custom built-in refrigerator,' 'nearly-new washer and dryer,' and 'newly replaced toilets.' The images confirm a contemporary aesthetic throughout, with pristine hardwood flooring in living areas and office, clean carpeting in bedrooms, and sleek, updated finishes in both the kitchen and bathrooms. All components appear new or virtually new, meeting current quality standards with no visible deferred maintenance, aligning perfectly with the criteria for an 'Excellent' rating.
Pros & Cons

Pros

Luxury Community & Amenities: Located in the 'most luxurious high-rise residences in Irvine' within the 'highly sought-after Marquee Park Place community,' offering extensive HOA amenities including 24-hour guarded gate, concierge, resort-style pool/spa, fitness center, business center, and private movie theater.
Prime Irvine Location: Situated in the heart of Irvine’s business district, providing convenient access to top-rated schools, parks, shopping centers like Fashion Island, and just minutes from Newport Coast beaches.
Modern & Upgraded Interior: A meticulously maintained unit featuring upgraded full bathrooms, a modern kitchen with granite countertops, stainless steel appliances, a custom built-in refrigerator, and newly replaced toilets, all within an open-concept layout.
Flexible Living Space & Views: Offers two spacious bedrooms plus an office easily convertible to a third bedroom, complemented by floor-to-ceiling windows and a private terrace providing stunning views of the city skyline, community pool, park/greenbelt, and mountains.
Valuable Inclusions & Storage: Includes two side-by-side parking spaces and a large storage room on the parking level, along with a dedicated laundry room featuring nearly-new washer and dryer, and generous in-unit storage space.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1583, other record living area = 1375.
High HOA Fees: The property carries a substantial monthly association fee of $1500.0, which can significantly impact overall housing costs and affordability for potential buyers.
Condominium Lifestyle Limitations: As a high-rise condominium, the property offers limited private outdoor space (a terrace rather than a yard) and requires adherence to HOA rules and regulations, which may not suit all lifestyles.
Urban Density & Potential Noise: Located in a business district and a high-rise building, the property may be subject to higher levels of urban noise and density compared to single-family homes in more suburban settings.
Browse Properties by State Browse housing market trends by state