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$2,090,000

Beds
2
Baths
2.25
sq ft
2,052

5114 Scholarship, Irvine, CA 92612

5114 Scholarship

Irvine, CA 92612

  • 45 days on market
Experience luxury high-rise living at 5114 Scholarship in the prestigious Plaza-Irvine, perfectly situated in Irvine’s coveted Business District and bordering Newport Beach. This stunning corner unit offers an expansive living space with 180-degree views of the wildlife sanctuary, coastal vistas, and Catalina Island. Designed for elegance and comfort, the home features marble flooring, a solid-core walnut double door entry for privacy, a cozy fireplace, and a wrap-around balcony where you can enjoy cool ocean breezes. The versatile floor plan includes a flexible room ideal for a den, office, or dining, and a generous primary suite with breathtaking coastal views, built-in cabinetry, a walk-in closet, a luxurious jetted tub, a stand-up shower, and dual vanities with granite countertops. The gourmet kitchen is a chef’s dream with Viking appliances, high-end Snaidero Italian cabinetry, and modern updates. Additional conveniences include a separate laundry room with new appliances and abundant storage, a second ensuite bedroom with tranquil views and a built-in office space, two prime lobby-level parking spaces, and a full-sized climate-controlled storage locker nearby. The Plaza-Irvine provides an unparalleled lifestyle of convenience, safety, and peace of mind, with resort-style amenities including a cabana-lined junior Olympic and lap pool, two oversized resident club rooms, two billiard rooms, and a 5,000 sq. ft. fitness center. The gym is fully equipped with Life Fitness machines, cardio equipment, and steam rooms, making it perfect for those who are fitness-minded. Outdoor entertaining is a breeze with a resident podium featuring four BBQ stations. On-site management, 24/7 lobby attendants, and package collection ensure a secure and effortless living experience. Additionally, the community is conveniently located near the 405 freeway and is less than 2 miles from John Wayne Airport, providing easy access for travel. Bordering the best of Irvine and Newport Beach, this residence offers easy access to premier dining, shopping, and coastal activities, making it the ultimate blend of luxury, comfort, and convenience. Don’t miss the opportunity to make this exclusive property your home.

Details

Property type

Condominium

Est. home value

$1,633,264

Lot size

Unknown

Price per sq ft

$1,019

Year built

2007

Monthly HOA fee

$1,802.78

Price History

01/24/2025
CRMLS

CRMLS #NP25011380

Listed
$2,090,000
-0.43%
12/19/2024
CRMLS

CRMLS #OC24033556

Removed
$2,099,000
07/16/2024
CRMLS

CRMLS #OC24033556

Price change
$2,099,000
-5.66%

Schools & Community

Neighborhood: 

Business District

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

Santa Ana Unified

Number of units in community: 

202

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

$891,398
Asking price
$2,090,000
Closing costs (~8% of asking)
-$167,200
Est. remaining loan balance
-$1,031,402
Cash to seller
$891,398

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

Seller’s Loan History

Lender

Flagstar Bank Fsb

Loan start date

February 2022

Original loan amount

$1,100,000

Est. remaining balance

$1,031,402

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Bijan Olfati

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: 03/10/2025 at 6:20 PM

Listing updated: 03/02/2025 at 3:55 PM

Listed by: Veronica Hicks, Veronica Hicks, Condos Etc, IncCondos Etc, Inc Phone #: (949) 861-8181

MLS: CRMLS #NP25011380

CRMLS logo

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