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$2,225,000

Beds
2
Baths
2.5
sq ft
2,052

5114 Scholarship, Irvine, CA 92612

5114 Scholarship

Irvine, CA 92612

  • 142 days on market
    • Price drop $75,000↓
The Plaza Irvine is by far the finest example of a premium high-rise living in Orange County. Built with an emphasis on quality, these homes effortlessly thread the needle with balance of a modern contemporary aesthetic and all the luxury, warmth, traditional charm of a perfect home. The best of both worlds, property ownership with unsurpassed amenities as well as all the convenience and assistance of uncompromising staff allowing the residents to expect the highest standards of bespoke full-service luxury residence. There is no better example of the quintessential lock-and-go lifestyle. 5114 Scholarship has masterful 180-degree views from each room, this 11th floor ultra luxury apartment showcases south facing sit down city light views, from Saddleback Mountains to Newport Coast. The home is loaded with upgrades marble flooring, granite countertops, Viking appliances, Lutron automated translucent and blackout shades, Lutron lighting. Luxurious primary with a spacious walk in closet, shower, spa tub, dual vanity, full size laundry room and two gated assigned side by side parking spots and generous storage locker. Amenities include: Jr Olympic Pool, a Lap Pool, a Spa, Gym, Massage Rooms. Outdoor Firepits and Barbeque Grills grace the common areas and in addition you will find, a Billiards Room, Piano Bar, and a fabulous entertainment space for you and fifty of your closest friends all outfitted with a professional kitchen and Viking Appliances. If you really must work, we have a conference room for you as well. Our prime location minutes from John Wayne Airport and stone’s throw from Newport Beach, Newport Coast and Corona Del Mar make enjoying all Orange County has to offer a snap. Something for everyone: Hiking or biking in Bommer Canyon or Crystal Cove State Park. Feeling adventurous? Hemmingway would certainly approve of your sportfishing expedition or scuba diving in Catalina. A pilots dream 5 minutes to your hanger and you could be in Santa Barbara or for dinner in minutes. Perhaps explore Newport's Back Bay, whilst seeking the solitude and majesty of this nearby nature preserve. Feeling bohemian, explore Laguna Beach and its quaint village with galleries, shops, and restaurants. Now that you have exhausted outdoor activities, one can sit back, sipping cocktails and enjoying the sun gracefully setting into the azure waters of the Pacific, while indulging in world class fine dining, arts, and entertainment all at your fingertips.

Details

Property type

Condominium

Est. home value

$1,633,264

Lot size

Unknown

Price per sq ft

$1,085

Year built

2007

Monthly HOA fee

$1,802.78

Price History

03/21/2024
CRMLS

CRMLS #OC24033556

Price change
$2,225,000
-3.26%
02/16/2024
CRMLS

CRMLS #OC24033556

Listed
$2,300,000

Schools & Community

Neighborhood: 

Business District

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Street Lights, Suburban

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

$999,777
Asking price
$2,225,000
Closing costs (~8% of asking)
-$178,000
Est. remaining loan balance
-$1,047,223
Cash to seller
$999,777

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

$1,047,223

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?

Status: Active

Tomo last checked: 07/07/2024 at 2:00 PM

Listing updated: 03/21/2024 at 11:00 AM

Listed by: Neville Anklesaria, The Surrealty Group Phone #: (714) 580-6338

MLS: CRMLS #OC24033556

CRMLS logo

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