5042 Scholarship, Irvine, California 92612, Irvine, 92612 - 1 bed, 2 bath
ACTIVE$925,000
5042 Scholarship, Irvine, California 92612
1Bed
2Baths
1,349Sqft
49,632Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Exceptional Community Amenities: The Plaza offers an extensive array of luxury amenities including 24-hour concierge, two resort-style pools, spa, state-of-the-art fitness center, billiards, club room, catering kitchen, and conference facilities, enhancing resident lifestyle.
Top Cons:
Substantial Monthly HOA Fees: The association fee of $1,413.00 per month is exceptionally high, significantly increasing the total cost of ownership and potentially limiting buyer interest.
Compared to the nearby listings
Price:$925.0K vs avg $980.0K ($-55,000)43%
Size:1,349 sqft vs avg 1,441 sqft48%
Price/sqft:$686 vs avg $74916%
More Insights
Built in 2007 (18 years old).
Condition: Built in 2007, this condominium is 17 years old, placing it within the 'Good' category for age. The listing describes 'luxe amenities' and 'state-of-the-art' facilities, indicating a high standard of maintenance and contemporary design throughout the property. While interior images are not provided, the 'Modern Construction' strength and overall description suggest that the kitchen and bathrooms are move-in ready, well-maintained, and feature modern styles and functional systems with minimal wear and tear, consistent with a property of this age and caliber in a premier location.
Year Built
2007
Close
-
List price
$925K
Original List price
$950K
Price/Sqft
$686
HOA
$1,413
Days on market
-
Sold On
-
MLS number
NP25022110
Home ConditionGood
Features
Deck
Pool
Spa
ViewNeighborhood
About this home
The luxe amenities at Plaza include 24-hour concierge service seven days a week, two resort style swimming pools and spa, a state-of-the-art fitness center, billiards room, club room, catering kitchen, conference room and additional on-site retail, restaurants and services. Convenient to Fashion Island Newport Beach, UCI, John Wayne airport and beautiful Orange County beaches. Located in the premier Irvine Financial District, this condominium is just moments away from fine dining, world-class shopping, ideal for those seeking both luxury, accessibility and an elevated lifestyle.
Nearby schools
4/10
Monroe Elementary School
Public,•K-5•3.3mi
3/10
Mcfadden Intermediate School
Public,•6-8•4.0mi
3/10
Century High School
Public,•9-12•4.4mi
Condition Rating
Good
Built in 2007, this condominium is 17 years old, placing it within the 'Good' category for age. The listing describes 'luxe amenities' and 'state-of-the-art' facilities, indicating a high standard of maintenance and contemporary design throughout the property. While interior images are not provided, the 'Modern Construction' strength and overall description suggest that the kitchen and bathrooms are move-in ready, well-maintained, and feature modern styles and functional systems with minimal wear and tear, consistent with a property of this age and caliber in a premier location.
Pros & Cons
Pros
Exceptional Community Amenities: The Plaza offers an extensive array of luxury amenities including 24-hour concierge, two resort-style pools, spa, state-of-the-art fitness center, billiards, club room, catering kitchen, and conference facilities, enhancing resident lifestyle.
Premier Irvine Location: Situated in the desirable Irvine Financial District, providing immediate access to fine dining, world-class shopping, and a vibrant urban environment.
Strategic Accessibility: Conveniently located near Fashion Island, UCI, John Wayne Airport, and Orange County beaches, offering unparalleled connectivity for residents.
Modern Construction: Built in 2007, the property benefits from contemporary design and construction standards, requiring less immediate maintenance than older units.
Generous Living Space: At 1349 sqft, this 1-bedroom condominium offers a significantly larger footprint than typical units, providing ample room for comfortable living.
Cons
Substantial Monthly HOA Fees: The association fee of $1,413.00 per month is exceptionally high, significantly increasing the total cost of ownership and potentially limiting buyer interest.
Single Bedroom Configuration: With only one bedroom, the property caters to a niche market, primarily singles or couples, and may not appeal to buyers needing additional space or bedrooms.
Standard Neighborhood View: While a view is present, it is described as a 'Neighborhood' view, which is less desirable than premium views (e.g., city skyline, ocean, park) and may not add significant value.