3141 Michelson Drive 301, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath

3141 Michelson Drive 301, Irvine, California 92612 home-pic-0
ACTIVE$899,900
3141 Michelson Drive 301, Irvine, California 92612
2Beds
2Baths
1,293Sqft
100,845Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Accessibility: Located in the highly desirable city of Irvine, the property offers exceptional convenience, being within walking distance to retail shops and restaurants, and just minutes from UC Irvine, major freeways (405), John Wayne Airport, and premier shopping destinations like South Coast Plaza and Fashion Island.
Top Cons:
High Association Fees: The monthly association fee of $1,332 is substantial and represents a significant ongoing cost that potential buyers must factor into their budget, potentially impacting affordability.

Compared to the nearby listings

Price:$899.9K vs avg $980.0K ($-80,100)37%
Size:1,293 sqft vs avg 1,441 sqft48%
Price/sqft:$696 vs avg $74921%

More Insights

Built in 2006 (19 years old).
Condition: Built in 2006, this property falls within the 10-20 year age range for a 'Good' rating. The unit is move-in ready with no immediate renovations required. It features elegant wood flooring, a modern kitchen with stainless steel appliances and granite countertops, and contemporary light fixtures. All visible components appear well-maintained with minimal wear and tear, indicating functional systems within their expected lifespan.
Year Built
2006
Close
-
List price
$900K
Original List price
$975K
Price/Sqft
$696
HOA
$1,332
Days on market
-
Sold On
-
MLS number
OC25054887
Home ConditionGood
Features
Good View: City Lights, Trees/Woods
Pool
Spa
ViewCity Lights,Trees/Woods

About this home

Welcome to Marquee at Park Place, a prestigious and luxurious condominium residence in the heart of Irvine. This Fully Furnished spacious 2-bedroom, 2-bathroom unit features bright, open living spaces with elegant wood flooring throughout and floor-to-ceiling windows in the living room, offering tranquil garden views from every window—a peaceful escape from the city's hustle and bustle. The modern kitchen is equipped with stainless steel appliances, including a built-in refrigerator, and sleek granite countertops. Additional features include a stacked washer and dryer, private terrace access, and secure private storage in the garage. Marquee at Park Place offers resort-style amenities, including 24-hour gated security, concierge services, a stylish lobby, a complimentary coffee bar, a conference room, a fitness center, a swimming pool, a spa, an outdoor BBQ area, and a children’s playground. The HOA covers water, gas, trash, and internet. Located within walking distance of retail shops and restaurants, and just minutes from UC Irvine, the 405 Freeway, John Wayne Airport, South Coast Plaza, Fashion Island, and Irvine Spectrum, this is urban living at its finest—combining elegance and convenience in a highly desirable location.

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
Condition Rating
Good

Built in 2006, this property falls within the 10-20 year age range for a 'Good' rating. The unit is move-in ready with no immediate renovations required. It features elegant wood flooring, a modern kitchen with stainless steel appliances and granite countertops, and contemporary light fixtures. All visible components appear well-maintained with minimal wear and tear, indicating functional systems within their expected lifespan.
Pros & Cons

Pros

Prime Location & Accessibility: Located in the highly desirable city of Irvine, the property offers exceptional convenience, being within walking distance to retail shops and restaurants, and just minutes from UC Irvine, major freeways (405), John Wayne Airport, and premier shopping destinations like South Coast Plaza and Fashion Island.
Resort-Style Amenities & Services: Marquee at Park Place provides an array of luxury amenities including 24-hour gated security, concierge services, a fitness center, swimming pool, spa, outdoor BBQ area, children’s playground, and a complimentary coffee bar, enhancing the living experience.
Luxurious & Modern Interior: The unit boasts bright, open living spaces with elegant wood flooring, floor-to-ceiling windows, a modern kitchen equipped with stainless steel appliances and granite countertops, and in-unit stacked washer and dryer, offering a sophisticated and comfortable living environment.
Comprehensive HOA Coverage: The Homeowners Association (HOA) fee is comprehensive, covering essential utilities such as water, gas, trash, and internet, which simplifies monthly budgeting and reduces individual utility expenses for residents.
Turnkey & Peaceful Living: Offered fully furnished, the unit is ready for immediate occupancy. It also features tranquil garden views from every window and private terrace access, providing a peaceful escape and outdoor relaxation space.

Cons

High Association Fees: The monthly association fee of $1,332 is substantial and represents a significant ongoing cost that potential buyers must factor into their budget, potentially impacting affordability.
Significant Price Reduction: The property has undergone a notable price reduction from its original list price of $975,000 to $899,900, which could suggest it was initially overpriced or has faced challenges in attracting buyer interest.
Limited Customization (Fully Furnished): While convenient for some, being fully furnished limits a buyer's ability to personalize the space with their own furniture and decor without incurring additional effort and cost to remove or replace existing items.

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