tomo logo

$1,250,000

Beds
3
Baths
2.5
sq ft
1,482

201 Milky Way, Irvine, CA 92618

201 Milky Way

Irvine, CA 92618

  • 96 days on market
    • Price drop $48,000↓
Welcome to this highly upgraded, 2018-built executive home located on a desirable corner lot. This light and bright home offers a perfect blend of luxury and comfort. The open-concept living space is adorned with gleaming porcelain tile floors, enhancing the kitchen, bathrooms, and living areas. The modern kitchen features quartz countertops, a marble tile backsplash, stainless steel appliances, a rare kitchen window, and a spacious walk-in pantry. Upstairs, you’ll find three generously sized bedrooms, including the primary suite, and two beautifully appointed bathrooms. The second floor boasts waterproof wood laminate flooring throughout, adding both style and practicality. The home is equipped with remote-controlled, incrementally adjustable shades in the living room, recessed lighting throughout, a whole house fan, a tankless water heater, and a water softener. The attached garage is a car enthusiast’s dream with 24” porcelain floor tiles, 240V power for electric vehicles, mounted storage, and a smart garage door that can be controlled remotely. Enjoy the large private patio with decorative porcelain flooring, perfect for outdoor relaxation. This home is part of the highly-rated Irvine Unified School District and is within close distance of Loma Ridge Elementary School. Experience the Portola Springs lifestyle with access to many exclusive heated pools, parks, playgrounds, BBQs, and picnic areas. Located near the Portola Springs community park with tennis, pickleball, baseball, and soccer courts, this home combines convenience with luxury.

Details

Property type

Condominium

Est. home value

$1,190,317

Lot size

Unknown

Price per sq ft

$844

Year built

2018

Monthly HOA fee

$214

Price History

11/12/2024
CRMLS

CRMLS #OC24171514

Price change
$1,250,000
-3.7%
09/26/2024
CRMLS

CRMLS #OC24171514

Price change
$1,298,000
-3.85%
09/12/2024
CRMLS

CRMLS #OC24171514

Price change
$1,350,000
-2.17%

Schools & Community

Neighborhood: 

Portola Springs

Elementary school: 

Unknown

Middle school: 

Jeffery Trail

High school: 

Portola

Community features: 

Pool, Curbs, Park, Street Lights, Sidewalks

High school district: 

Irvine Unified

Number of units in community: 

124

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$528,238
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$621,762
Cash to seller
$528,238

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Clearedge Lending Llc

Loan start date

February 2022

Original loan amount

$660,000

Est. remaining balance

$621,762

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Ankitkumar Patel and Amiben Patel

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 6:05 AM

Listing updated: 11/17/2024 at 5:40 PM

Listed by: Maryam Hormati, Coldwell Banker Realty Phone #: (949) 552-2000

MLS: CRMLS #OC24171514

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