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197 merit, Irvine, CA 92618

$1.65M4bd · 5ba · 2,839 sqft
Lot 3,500 sqft•HOA $260/mo•Condominium•
Active
•110d on market•MLS# OC-26135391

Property Description

Welcome to 197 Merit, a beautifully appointed 2024-built residence in Irvine’s desirable Great Park community. Offering approximately 2,839 square feet of thoughtfully designed living space, this exceptional home features 4 bedrooms and 5 bathrooms. Filled with natural light, the open-concept floor plan seamlessly connects the living, dining, and kitchen areas, creating an inviting setting for both everyday living and entertaining. The chef-inspired kitchen is complemented by upgraded finishes and stylish details that enhance the home’s modern appeal. A standout feature of the property is its desirable outdoor space, including a spacious front yard and comfortable side yard—ideal for relaxing, gardening, or gathering with family and friends. Situated in a premium interior location with no direct neighbor across the street, the home enjoys enhanced privacy and a more open feel. Convenient street parking directly in front of the home provides added convenience for residents and guests. The functional floor plan offers generously sized bedrooms, each with its own bathroom access, making it well-suited for families, guests, or multi-generational living. Additional highlights include a Tesla EV charging station, an attached two-car garage, and move-in ready condition. Residents enjoy low HOA dues and access to Great Park’s exceptional amenities, including resort-style pools, parks, scenic trails, sports courts, playgrounds, shopping, dining, and a variety of recreational opportunities. Combining contemporary design, thoughtful upgrades, privacy, and an outstanding location, 197 Merit presents an exceptional opportunity to enjoy the Irvine lifestyle at its finest.

Features & Amenities

FeeBuilt 2024

Property Details

Land Type
Fee
Year Built
2024
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
2
Garage Spaces
2
Cooling
Central Air
View
Mountain(s), Park/Greenbelt
Flooring
Vinyl, Carpet
City
Irvine
Zip Code
92618
County
Orange
Listed byUnknown Office, Fang Li

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$8,343.29
Principal & Interest
Loan Amount
$1,319,999
Total Interest
$1,683,586
Total Payment Over 30 Years
$3,003,585
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

Luxury Tier · 5 active · 5 closed

197 merit, Irvine, CA 92618

Irvine · Condominium

$1.65M
Luxury Tier
Beds
4
Baths
5
Sqft
2,839
Lot
3,500 sqft
Year
2024
$/Sqft
$581
Pool: Yes✓
Spa: Yes✓
View: mountain✓
Garage: 2-car✓

Listed 7.8% below the median closed sale of $1,790,000. Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $1.65M· $581/sqft
Total list price
Closed comps
vs closed median $1.79M
−$140K (−7.8%)
Active comps
vs active median $1.80M
−$149K (−8.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $788
−$207 (−26.3%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
128 CharacterIrvine2018442,3563,200$764$1.80M2373
59 FarmhandIrvine2016442,3803,185$798$1.90M4473
116 EversedgeIrvine2025432,3473,100$722$1.70M1071
117 DonatiIrvine2020432,3822,810$882$2.10M3169
129 SawtelleIrvine2026442,2810$776$1.77M4767
Total: 5 · Average4.03.62,349.23,073.75$788.4$1.85M31
Median2,356$1.80M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
205 Briar MoonIrvine202609/14/2026553,3204,152$2.36M$2.20M$6630.9311788
327 BalusterIrvine202309/11/2026442,7913,000$1.60M$1.50M$5370.947677
112 SentosaIrvine202209/04/2026553,3153,314$2.36M$2.23M$6730.944975
608 ChinonIrvine202508/28/2026452,8394,500$1.88M$1.79M$6310.9510074
410 ChorusIrvine202109/18/2026432,6363,000$1.90M$1.73M$6560.915573
Total: 5 · Average4.44.42,980.23,593.2$1.89M$1.89M$632—79.4
Median2,839$1.79M$1.79M

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.