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3141 Michelson Drive 603, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath

3141 Michelson Drive 603, Irvine, California 92612 home-pic-0
ACTIVE$928,000
3141 Michelson Drive 603, Irvine, California 92612
2Beds
2Baths
1,330Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Community Amenities: The Marquee at Park Place offers resort-style living with a 24hr staffed concierge, equipped indoor fitness center, private pool & spa, billiard room, movie theater, library, business center, and outdoor entertainment areas, providing a luxurious and convenient lifestyle.
Top Cons:
High Monthly Association Fees: The $1300 monthly association fee is substantial and will significantly impact the overall cost of ownership, potentially deterring some buyers.

Compared to the nearby listings

Price:$928.0K vs avg $980.0K ($-52,000)43%
Size:1,330 sqft vs avg 1,441 sqft48%
Price/sqft:$698 vs avg $74921%

More Insights

Built in 2006 (19 years old).
Condition: Built in 2006, this condo is 18 years old and appears to be in move-in ready condition with no immediate renovations required. The kitchen features stainless steel appliances, dark wood cabinetry, and granite countertops, which are functional and well-maintained, though their style reflects the original build era rather than a recent, extensive renovation. Bathrooms are clean with ceramic tile, double vanities, and separate shower/tub, also consistent with the property's age. Hardwood floors in common areas and carpet in bedrooms are in good condition. All major systems appear functional with minimal wear and tear, aligning perfectly with the 'Good' score criteria.
Year Built
2006
Close
-
List price
$928K
Original List price
$1.05M
Price/Sqft
$698
HOA
$1,300
Days on market
-
Sold On
-
MLS number
OC25075194
Home ConditionGood
Features
Good View: City Lights, Hills
Deck
ViewCity Lights,Hills

About this home

This charming 2-Bedroom 2-Bathroom plus Den condo located in Marquee at Park Place, the high rise tower located in central Irvine. With the open and spacious floor plan, plus the floor-to-ceiling windows, you could enjoy the gorgeous city view from all rooms. Two bedroom are set each side of the over-sized balcony, and have access to the balcony separately. The capacious master bedroom has closet and separate shower and bathtub. Den could be used as the 3rd bedroom or extra office space for wfh need. In unit laundry available. Wood floor in common area, chef style kitchen with stainless steel appliance, ceramic tile in both bathrooms, makes it easier to maintain the property. 2 parking spots are available in the covered garage. The community offers resort style living, including 24hr staffed concierge, equipped indoor fitness center, beautiful private pool & spa, billiard room, movie theater, library, business center, private playground, fireplace and outdoor entertainment area. Walking distance to the Park Place Shopping Center, minutes drive to UCI, John Wayne Airport, Business centers and Corporate Parks. Easy access to highway 5, 405, 73 and more.

Nearby schools

4/10
Monroe Elementary School
Public,•K-5•3.0mi
3/10
Mcfadden Intermediate School
Public,•6-8•4.0mi
3/10
Century High School
Public,•9-12•3.9mi
Condition Rating
Good
Built in 2006, this condo is 18 years old and appears to be in move-in ready condition with no immediate renovations required. The kitchen features stainless steel appliances, dark wood cabinetry, and granite countertops, which are functional and well-maintained, though their style reflects the original build era rather than a recent, extensive renovation. Bathrooms are clean with ceramic tile, double vanities, and separate shower/tub, also consistent with the property's age. Hardwood floors in common areas and carpet in bedrooms are in good condition. All major systems appear functional with minimal wear and tear, aligning perfectly with the 'Good' score criteria.
Pros & Cons

Pros

Exceptional Community Amenities: The Marquee at Park Place offers resort-style living with a 24hr staffed concierge, equipped indoor fitness center, private pool & spa, billiard room, movie theater, library, business center, and outdoor entertainment areas, providing a luxurious and convenient lifestyle.
Prime Irvine Location & Accessibility: Situated in central Irvine, the property boasts walking distance to Park Place Shopping Center, minutes drive to UCI, John Wayne Airport, business centers, and corporate parks, with easy access to major highways (5, 405, 73).
Modern & Versatile Interior Design: Features an open and spacious floor plan with floor-to-ceiling windows offering gorgeous city views, a den convertible to a 3rd bedroom or office, in-unit laundry, a chef-style kitchen with stainless steel appliances, wood floors, and ceramic tile for easy maintenance.
Desirable Views & Private Outdoor Space: Enjoy gorgeous city views from all rooms, complemented by an oversized balcony accessible separately from both bedrooms, enhancing living comfort and providing a private outdoor retreat.
Quality Construction & Ample Parking: Built in 2006, this high-rise condo offers relatively modern construction and includes two dedicated parking spots in a covered garage, adding significant value and convenience.

Cons

High Monthly Association Fees: The $1300 monthly association fee is substantial and will significantly impact the overall cost of ownership, potentially deterring some buyers.
Significant Price Reduction: The current list price of $928,000 is a notable reduction from the original list price of $1,050,000, which may prompt buyers to question the property's market history or initial valuation.
Condominium Lifestyle Constraints: As a high-rise condominium, the property inherently comes with shared living spaces, potential noise from neighbors, and less private outdoor space compared to a single-family home, which may not appeal to all buyer preferences.

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