tomo logo

$1,259,888

Beds
2
Baths
2.0
sq ft
1,583

3131 Michelson Dr Unit 402, Irvine, CA 92612

3131 Michelson Dr Unit 402

Irvine, CA 92612

  • 29 days on market
    • Price drop $40,012↓
Experience luxury living in this fully renovated Plan D residence, nestled in one of Orange County's most prestigious high-rises. Located on the 4th floor, this unit has undergone a complete transformation, featuring brand-new luxury vinyl flooring, natural oak kitchen cabinets, quartz countertops with a full backsplash, and a redesigned kitchen layout for maximum efficiency. Stylish touches include microcement bathrooms, elegant wainscoting, a striking wood-slat accent wall in the family room, and custom details throughout. The open-concept layout seamlessly blends modern sophistication with inviting comfort, offering sweeping views from every angle. This spacious home boasts two generously sized bedrooms and a versatile office/den, which can easily be converted into a third bedroom. Enjoy captivating views of the Saddleback Mountains, adding a touch of serenity to your daily life. Situated in a 24-hour guard-gated community with concierge service, residents have access to top-notch amenities, including a pool, spa, gym, billiards room, and lounge. Perfectly positioned, it’s just minutes from Fashion Island, South Coast Plaza, and a host of fine dining options at Park Place. Plus, the location offers unbeatable freeway access. The HOA covers water, trash, gas, and internet, with no Mello Roos fees. This is luxury redefined—schedule your tour today!

Details

Property type

Condominium

Est. home value

$986,495

Lot size

Unknown

Price per sq ft

$796

Year built

2006

Monthly HOA fee

$1,362

Price History

12/16/2024
CRMLS

CRMLS #OC24238331

Price change
$1,259,888
-3.08%
11/23/2024
CRMLS

CRMLS #OC24238331

Listed
$1,299,900
+50.98%
10/21/2024
CRMLS

CRMLS #PW24161101

Sold
$861,000
-13.9%

Schools & Community

Neighborhood: 

Business District

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Santa Ana Unified

Number of units in community: 

226

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

$574,017
Asking price
$1,259,888
Closing costs (~8% of asking)
-$100,791
Est. remaining loan balance
-$585,080
Cash to seller
$574,017

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

Seller’s Loan History

Lender

Homeowners First Mortgage Llc

Loan start date

August 2021

Original loan amount

$630,000

Est. remaining balance

$585,080

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Steven H Grinberg and Melissa H Berman

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?

Status: Active

Tomo last checked: 12/22/2024 at 12:50 AM

Listing updated: 12/18/2024 at 9:55 PM

Listed by: Yazen Haddad, E Realty Phone #: (949) 939-3029

MLS: CRMLS #OC24238331

CRMLS logo

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