55 Suede, Irvine, California 92602, Irvine, 92602 - 4 bed, 5 bath
ACTIVE$4,288,000$4,057/sqft
Est. Value: $4,220,609
-1%
FairlyEstimate
55 Suede, Irvine, California 92602
4Beds
5Baths
4,057Sqft
4,400Lot
Price Vs. Estimate
The estimated value ($4,220,609.28) is $67,390.72 (1%) lower than the list price ($4,288,000). This property may be overpriced.
Key pros and cons
Top Pros:
New Construction & Model Home Status: Built in 2020, this KB Home Award-winning Genoa Plan 3 was a model home in 2021, ensuring modern design, high-quality finishes, and immediate move-in readiness.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4400, living area = 4057.
Compared to the nearby listings
Price:$4.29M vs avg $2.79M (+$1,494,000)79%
Size:4,057 sqft vs avg 3,096 sqft81%
Price/sqft:$1.1K vs avg $95873%
More Insights
Built in 2020 (6 years old).
Condition: This property was built in 2020 and served as a model home in 2021, making it virtually new. The listing highlights over $500,000 in original design center upgrades, including an immaculate quartz island, sleek stainless steel appliances, and modern fixtures throughout. Images confirm the pristine condition of the kitchen with high-end built-in appliances and contemporary cabinetry, and luxurious bathrooms featuring freestanding tubs, large walk-in showers, and modern vanities. All components, from flooring (hardwood and new carpet) to lighting and systems (including paid-off solar panels), are new, meet current quality standards, and show no signs of depreciation or deferred maintenance.
Year Built
2020
Close
-
List price
$4.29M
Original List price
$4.29M
Price/Sqft
$1,057
HOA
$398
Days on market
-
Sold On
-
MLS number
26633615
Home ConditionExcellent
Features
Excellent View: Hills, Mountain(s), Orchard, Trees/Woods
Patio
ViewHills, Mountain(s), Orchard, Trees/Woods
About this home
Welcome to the luxury dream life in Groves of Orchard Hills!!! This is an KB Home Award winning Genoa Plan 3 MODEL HOME in 2021. The new construction home is ready for you to move-in right away. There is no house in the back showing fantastic mountain views. Huge floor plan of 4,057 sf with spacious 4 bedrooms and 5 baths including a den on 2nd floor easily able to converted into an extra bedroom. Immaculate quartz island top, sleek stainless appliances, modern fireplace in living room, beautiful chandelier on a high ceiling and more. 3KW solar panels are paid off for the life span and original design center upgrades are over $500,000. Orchard Hills community boasts full high-end amenities including 24-hour security guard at the gates, junior Olympic size pools, Jacuzzi, outdoor cooking area, sun deck, tennis court, basketball court, playground, dog park, running track and breath taking views almost everywhere from up hills.
W
Woojin Jang
Listing Agent
Price History
Date
Event
Price
12/26/24
Sold
$4,102,500
12/23/21
Sold
$3,100,000
Condition Rating
Excellent
This property was built in 2020 and served as a model home in 2021, making it virtually new. The listing highlights over $500,000 in original design center upgrades, including an immaculate quartz island, sleek stainless steel appliances, and modern fixtures throughout. Images confirm the pristine condition of the kitchen with high-end built-in appliances and contemporary cabinetry, and luxurious bathrooms featuring freestanding tubs, large walk-in showers, and modern vanities. All components, from flooring (hardwood and new carpet) to lighting and systems (including paid-off solar panels), are new, meet current quality standards, and show no signs of depreciation or deferred maintenance.
Pros & Cons
Pros
New Construction & Model Home Status: Built in 2020, this KB Home Award-winning Genoa Plan 3 was a model home in 2021, ensuring modern design, high-quality finishes, and immediate move-in readiness.
Extensive Upgrades & Premium Finishes: The property boasts over $500,000 in original design center upgrades, including an immaculate quartz island top, sleek stainless appliances, a modern fireplace, and high ceilings with beautiful chandeliers.
Luxury Community Amenities & Security: Located in the Groves of Orchard Hills, residents benefit from 24-hour security, junior Olympic pools, Jacuzzi, outdoor cooking areas, sun deck, tennis/basketball courts, playground, dog park, and running tracks.
Desirable Location & Scenic Views: Situated in highly sought-after Irvine, the home offers fantastic mountain, orchard, and tree views with no rear neighbors, providing privacy and breathtaking vistas from the hills.
Energy Efficiency & Cost Savings: Equipped with 3KW solar panels that are fully paid off for their lifespan, significantly reducing energy costs and enhancing the property's long-term value.
Cons
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 4400, living area = 4057.
High Price Point: With a list price of $4,288,000, this property targets a very specific luxury market segment, potentially limiting the pool of prospective buyers.
Significant Monthly Association Fees: The property incurs a monthly association fee of $398, which adds a substantial recurring cost to homeownership, despite the extensive community amenities.
Limited Private Outdoor Space: The lot size of 4,400 sqft for a 4,057 sqft home suggests minimal private yard space, which may not appeal to luxury buyers seeking expansive outdoor living areas.