306 Merit Irvine, CA 92618
Great Park Neighborhood
4
Beds
3.5
Baths
2,466
Sq Ft
$240/mo
HOA Fee
Highlights
- Clubhouse
- Neighborhood Views
- Tennis Courts
- Portola High School Rated A+
- Community Pool
- Outdoor Cooking Area
About This Home
As of April 2025Welcome to 306 Merit, located in the heart of Irvine’s prestigious Great Park community. This prime location is directly across the street from the highly-rated Portola High School and surrounded by an abundance of sports facilities and community amenities. Conveniently close to Woodbury Town Center and the Irvine Spectrum, this home offers unparalleled access to shopping, dining, and entertainment.
This detached home is perfect for those seeking privacy, with no shared walls, its own front yard, and a spacious side yard ideal for outdoor activities and gatherings. Built just two years ago, the property is in immaculate condition, featuring an open-concept living room with no unnecessary partitions, creating a bright and inviting atmosphere. The kitchen is a chef’s dream, equipped with top-of-the-line appliances, premium upgrades, and smart remote-control capabilities. On the first floor, you’ll find a convenient guest powder room, while all four generously sized bedrooms are located on the second floor. The master suite includes a walk-in closet and offers stunning views of Portola High School.
Living here means unparalleled convenience for families. Children can walk to the highly-rated Solis Park K-8 school and Portola High is right across the street. The Great Park community is rapidly evolving, with plans for new amenities like hotels, shopping promenades, artificial lakes, and more, making this property not only an ideal home for families raising children in Irvine but also a smart investment with tremendous potential for appreciation.
Don’t miss this opportunity to live in one of Irvine’s most sought-after neighborhoods. Schedule your private tour today!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $25,412
Year Built
- Built in 2022
HOA Fees
- $240 Monthly HOA Fees
Parking
- 2 Car Attached Garage
Interior Spaces
- 2,466 Sq Ft Home
- 2-Story Property
- Entryway
- Living Room
- Neighborhood Views
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- All Upper Level Bedrooms
- Walk-In Closet
Schools
- Portola High School
Additional Features
- Exterior Lighting
- No Common Walls
- Central Air
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 19044
- Assessor Parcel Number 93006010
- $11,067 per year additional tax assessments
Community Details
Overview
- 100 Units
- Great Park Association, Phone Number (949) 733-3232
- First Service Residential HOA
Amenities
- Outdoor Cooking Area
- Community Barbecue Grill
- Picnic Area
- Clubhouse
Recreation
- Tennis Courts
- Sport Court
- Community Playground
- Community Pool
- Community Spa
- Park
- Dog Park
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 2, 2025
Closed on
Mar 24, 2025
Sold by
Shen Jingye and Li Huajia
Bought by
Sinnollareddy Mahipal and Cheraku Vineela
Seller's Agent
Fei Li
Keller Williams Realty Irvine
Buyer's Agent
Peter Au
Berkshire Hathaway HomeServices California Properties
List Price
$1,980,000
Sold Price
$1,900,000
Premium/Discount to List
-$80,000
-4.04%
Total Days on Market
70
Views
58
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.43%
Original Mortgage
$1,400,000
Outstanding Balance
$1,398,606
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$496,756
Purchase Details
Listed on
Aug 23, 2022
Closed on
Nov 7, 2022
Sold by
Lennar Homes Of California Inc
Bought by
Shen Jingye and Li Huajia
Seller's Agent
Cesi Pagano
Keller Williams Realty
Buyer's Agent
Amy Han
Keller Williams Realty Irvine
List Price
$1,459,990
Sold Price
$1,374,990
Premium/Discount to List
-$85,000
-5.82%
Views
17
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.36%
Original Mortgage
$50,000
Interest Rate
6.94%
Map
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Similar Homes in Irvine, CA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,900,000 | Wfg National Title | |
| Grant Deed | $1,375,000 | Simplifile |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,400,000 | New Conventional | |
| Previous Owner | $50,000 | No Value Available | |
| Previous Owner | $962,450 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Sold | $1,900,000 | -1.0% | $770 / Sq Ft |
| 03/07/2025 03/07/25 | Price Changed | $1,920,000 | -3.0% | $779 / Sq Ft |
| 01/02/2025 01/02/25 | For Sale | $1,980,000 | +44.0% | $803 / Sq Ft |
| 11/17/2022 11/17/22 | Sold | $1,374,990 | -5.8% | $561 / Sq Ft |
| 10/04/2022 10/04/22 | Pending | -- | -- | -- |
| 08/23/2022 08/23/22 | For Sale | $1,459,990 | -- | $595 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $25,412 | $1,402,489 | $897,278 | $505,211 |
| 2023 | $24,865 | $1,374,990 | $879,685 | $495,305 |
Source: Public Records
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC24253216
APN: 930-060-10
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