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3131 Michelson Drive, 304, Irvine, CA 92612

$898K2bd · 2ba · 1,234 sqft
HOA $1341/mo•Condominium•
Active
•48d on market•MLS# OC-26202785

Property Description

Welcome to Unit 304 at Marquee at Park Place, offering refined high-rise living in the heart of Irvine. This spacious 2-bedroom, 2-bath residence features approximately 1,234 square feet of open-concept living space, with a seamless flow from the living room to the dining area and private balcony. Located in the West Tower and positioned away from the freeway, the residence offers a more peaceful setting along with pleasant garden and sunset views. The unit includes side-by-side parking in the secured garage and separate additional storage. Residents of Marquee enjoy a full collection of resort-style amenities, including 24-hour security, concierge service, an elegant lobby, fitness center, heated pool and spa, BBQ area, playground, theater room, billiard room, and professional business center. Ideally located within walking distance to popular dining and shopping at Park Place, and just minutes from UCI, John Wayne Airport, Irvine Spectrum, Fashion Island, local beaches, parks, and nature trails. Unit 304 offers the convenience of city living combined with the comfort and amenities of a luxury residential community.

Features & Amenities

FeeBuilt 2005

Property Details

Land Type
Fee
Year Built
2005
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
2
Cooling
Central Air
View
Courtyard
City
Irvine
Zip Code
92612
County
Orange
Listed byAI REALTY, Meiling Wan

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$4,540.78
Principal & Interest
Loan Amount
$718,400
Total Interest
$916,280
Total Payment Over 30 Years
$1,634,680
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

3131 Michelson Drive, 304, Irvine, CA 92612

Irvine · Condominium

$898K
Affordable Tier
Beds
2
Baths
2
Sqft
1,234
Lot
0 sqft
Year
2005
$/Sqft
$728
Pool: No✓
Spa: Yes✓
View: Courtyard✓
Garage: 2-car✓

Listed in line with the median closed sale of $880,000.

Price Position

Aligned with the market — fair pricing for the comps.

At market
Subject listed at $898K· $728/sqft
Total list price
Closed comps
vs closed median $880K
+$18K (+2.0%)
Active comps
vs active median $850K
+$48K (+5.6%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $676
+$52 (+7.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3131 Michelson DriveIrvine2005221,375100,845$691$950,00010994
21 GramercyIrvine2011221,25265,626$711$890,0009292
199 BoweryIrvine2019221,2559,543$621$779,0001791
21 GramercyIrvine2011221,47465,626$577$850,0008187
1502 NolitaIrvine2018221,088115,997$781$849,9886587
Total: 5 · Average2.02.01,288.871,527.4$676.2$863,797.672.8
Median1,255$850,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
3141 MichelsonIrvine200606/09/2026221,367100,845$1.02M$1.02M$7501.005492
3131 Michelson DriveIrvine200610/01/2026221,4920$935,000$880,000$5900.949691
21 GramercyIrvine200710/29/2026221,47465,626$925,000$870,000$5900.942890
21 GramercyIrvine201207/22/2026221,47465,626$970,000$958,000$6500.997088
2412 NolitaIrvine201808/20/2026221,079115,997$859,000$830,000$7690.974488
Total: 5 · Average2.02.01,377.287,023.5$912,600$912,600$669.8—58.4
Median1,474$880,000$880,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.