5042 Scholarship, Irvine, California 92612, Irvine, - bed, bath
ACTIVE$925,000
5042 Scholarship, Irvine, California 92612
1Bed
2Baths
1,349Sqft
49,632Lot
Year Built
2007
Close
-
List price
$925K
Original List price
$950K
Price/Sqft
-
HOA
$1,413
Days on market
-
Sold On
-
MLS number
NP25022110
Home ConditionGood
Features
Good View: Neighborhood
Pool
Spa
ViewNeighborhood
About this home
The luxe amenities at Plaza include 24-hour concierge service seven days a week, two resort style swimming pools and spa, a state-of-the-art fitness center, billiards room, club room, catering kitchen, conference room and additional on-site retail, restaurants and services. Convenient to Fashion Island Newport Beach, UCI, John Wayne airport and beautiful Orange County beaches. Located in the premier Irvine Financial District, this condominium is just moments away from fine dining, world-class shopping, ideal for those seeking both luxury, accessibility and an elevated lifestyle.
Nearby schools
4/10
Monroe Elementary School
Public,•K-5•3.3mi
3/10
Mcfadden Intermediate School
Public,•6-8•4.0mi
3/10
Century High School
Public,•9-12•4.4mi
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (74 Listings) | |
|---|---|---|---|
| Beds | 1 | 2 | 25% |
| Baths | 2 | 2 | 50% |
| Square foot | 1,349 | 1,441 | 49% |
| Lot Size | 49,632 | 347,709 | 23% |
| Price | $925K | $978K | 45% |
| Price per square foot | $686 | $782 | 17% |
| Built year | 2007 | 2006 | 55% |
| HOA | $1,413 | $585 | 89% |
| Days on market | 275 | 170 | 89% |
Condition Rating
Good
The property was built in 2007, which is within the 10-20 year range for a 'good' condition score. While the listing description highlights luxury amenities, there's no specific mention of recent extensive renovations to the kitchen or bathrooms. The building appears well-maintained from the exterior image, suggesting minimal wear and tear. Therefore, a 'good' score is appropriate, indicating it's move-in ready but not newly renovated.
Pros & Cons
Pros
Prime Location: Located in the Irvine Financial District, offering convenient access to fine dining, world-class shopping, UCI, John Wayne Airport, and Orange County beaches.
Luxury Amenities: Boasts 24-hour concierge service, two resort-style swimming pools and spa, a state-of-the-art fitness center, billiards room, club room, catering kitchen, and conference room.
Spacious Condo: Offers a generous 1349 sqft of living space with 1 bedroom and 2 bathrooms, providing ample room for comfortable living.
HOA Benefits: The HOA provides many amenities and services, creating a resort-like living experience.
View: The property has a neighborhood view.
Cons
High HOA Fees: The monthly association fee is $1413.0, which may be a significant expense for some buyers.
Price Reduction: The property has experienced a price reduction from the original list price of $950,000 to $925,000, which may indicate market challenges or perceived value issues.
Single Bedroom: The property only has one bedroom, which may not be suitable for families or buyers needing multiple bedrooms.