56 Chasma, Irvine, California 92618, Irvine, 92618 - 5 bed, 6 bath
56 Chasma
Irvine, California 92618
Property Price
SUMMARY
Analysis of 56 Chasma, Irvine, California 92618 reveals a property with a current list price of $3,390,000, which is 9% above the estimated $3,097,669 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Irvine Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 56 Chasma Subject | $3,390,000* List Price | 5 | 6 | 3,664 | $845 | - |
A 71 Einstein Way Sold | $3,325,000 | 4 | 4 | 3,910 | $850 | 0.3 mi |
B 180 Creation Sold | $2,850,000 | 6 | 5 | 3,892 | $732 | 0.5 mi |
C 65 Bolide Sold | $3,400,000 | 5 | 6 | 4,359 | $780 | 0.1 mi |
D 111 Sunnybank Sold | $2,710,000 | 4 | 6 | 3,552 | $763 | 0.7 mi |
E 80 Interstellar Sold | $4,016,000 | 5 | 6 | 4,413 | $910 | 0.5 mi |
F 66 Bolide Active | $3,490,000 List Price | 5 | 6 | 3,664 | $953 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Built in 2019, this property is in pristine, like-new condition. It features high-end designer upgrades including wide-plank hardwood flooring, a gourmet kitchen with a massive island and professional-grade stainless steel appliances, and modern bathrooms with contemporary fixtures. The open-concept layout, recessed lighting, and lack of any visible wear or deferred maintenance align perfectly with the highest quality standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Jeffrey Trail Middle (9/10). High School: Northwood High School (9/10).
- Dual Primary Suites
The rare inclusion of two main master bedrooms—one on each floor—provides exceptional flexibility for multi-generational living or high-end guest accommodations.
- Exclusive Guard-Gated Community
Located in the prestigious Altair subdivision, the property benefits from 24-hour security and world-class resort amenities, including multiple pools, clubhouses, and tennis courts.
CONSRISKS & DEFICIENCIES
- 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 = 4690, living area = 3664.
- Compact Lot Size
With a lot size of 4,690 square feet, the outdoor space is relatively limited for a luxury residence at this price point, which may deter buyers seeking large private yards.
- Aggressive Pricing History
The property was sold for $2.8M in early 2024; the current list price of $3.39M represents a significant markup in a short period, which may lead to appraisal challenges.
About 56 Chasma
5 BED + 2 Main Master Room (down and up)+ LOFT | GUARD-GATED ALTAIR Stunning two-story home in the prestigious 24-hour guard-gated Altair community. Features 4 bedrooms, 4.5 baths, a spacious loft, and 2 Main Mater Room ideal for a home office and loft . The gourmet kitchen boasts a large island, built-in refrigerator, 6-burner cooktop, and ample cabinets, opening to the dining and living areas for seamless entertaining. First-floor bedroom with en-suite bath is perfect for guests. Upstairs includes a loft, laundry room, two secondary bedrooms, and a luxurious primary suite with dual walk-in closets, soaking tub, and separate shower. Designer upgrades include hardwood floors, crown molding, and plantation shutters. Professionally landscaped backyard provides a private space for outdoor gatherings. Altair offers resort-style amenities including pools, spas, parks, clubhouses, tennis courts, and playgrounds. Conveniently located near Great Park, Woodbury, Irvine Spectrum, shopping, dining, John Wayne Airport, and award-winning Irvine schools.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2019
- Lot Size
- 4,690 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $389.0 / Month
Neighborhood Insights
Irvine Unified Schools
Jeffrey Trail Middle
Grades 7-8 • 3.1 mi
Northwood High School
Grades 9-12 • 4.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 77% |
| Baths | 6.0 | 4.0 | 83% |
| Square foot | 3,664 | 2,708 | 80% |
| Lot Size | 4,690 | 4,675.5 | 51% |
| Price | $3.39M | $2.25M | 84% |
| Price per sq ft | $925 | $806 | 80% |
| Built year | 2019 | 2020 | 49% |
| HOA | $389.0 | $250 | 84% |
| Days on market | 36 | 206 | 2% |
Pricing History
Listed for Sale
Jan 30, 2026
$3,390,000
Initial Listing
Sold
Mar 27, 2024
$2,800,000
Public Record
Sold
Mar 27, 2020
$1,447,000
Public Record