ActiveResidential · sale

5200 Irvine #343

Irvine, CA 92620

$475,000

  • 2 beds
  • 2 baths
  • 1,810 sq ft
  • 33.99 acres
  • Built 1979

Listed by Seven Gables Real Estate · MLS #PW26116430

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1979.

Property size

33.99 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

NO LAND LEASE The Groves a premier gated 55 community that is resident owned offering resortstyle living and an active lifestyle This home features a highly desirable floor plan with two large primary bedroom suites each with its own private bath located on opposite sides of the home for maximum privacy and comfort There is a possible third bedroom by dividing up the larger primary bedroom The inviting living room showcases a vaulted beamed ceiling cozy fireplace with builtin shelving and abundant natural light A separate dining area is perfect for entertaining while the drywallfinished interior adds a residential feel throughout The spacious kitchen features granite countertops stainless steel appliances and ample cabinetry Additional upgrades include laminate flooring dualpane windows and slider skylights and a beautiful stainedglass front door Convenience abounds with a separate laundry room enclosed storage area and a large covered porchideal for relaxing and enjoying the sunset with Southern Californias yearround climate Dont miss this exceptional opportunity to own a unique home in one of the areas most soughtafter 55 communities The Groves apart is its remarkable sense of community and wide array of amenities designed to support an active fulfilling lifestyle From spontaneous morning walks to planned social gatherings the community spirit here is genuine welcoming and alive Amenities include A recently renovated yearround heated pool spa gym sauna Pickleball tennis and basketball courts putting green lawn bowling a beautiful clubhouse with banquet facilities and lounge areas game rooms featuring PingPong Billiards and Poker table a ceramic studio and fullyequipped woodshop for creative pursuits There are also a community gardens an onsite hair salon and community BBQ areas with outdoor seating Additionally there is RV parking a dedicated car wash area and so much more A fulltime onsite management team and activities coordinator ensure a robust community calendar packed with clubs themed events volunteer opportunities and group outings Whether youre looking to stay fit explore hobbies meet new friends or simply enjoy a vibrant social life The Groves makes it easy Low monthly maintenance fees and discounted Cox TV and Internet services make living here as practical as it is pleasurable Come experience the comfort community and convenience of life at The Groves

THE NEIGHBORHOOD

Explore the location.

5200 Irvine #343, Irvine, CA 92620

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1979
Full baths
2
Half baths
0
Garage spaces
0
Cooling
CentralAir
Heating
Central
Appliances
Dishwasher,GasRange,Microwave,Refrigerator,VentedExhaustFan,WaterHeater
Flooring
Carpet,Laminate
Utilities
ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Accessibility
NoStairs
Pool
No
Pool features
Community,SolarHeat,Association
Spa
Yes
Subdivision
Groves Trailer Park (TG)
Parcel
91300342
HOA
The Groves
HOA amenities
BilliardRoom,CallForRules,ControlledAccess,DogPark,MaintenanceGrounds,GameRoom,MeetingBanquetPartyRoom,OutdoorCookingArea,OtherCourts,Barbecue,Pickleball,Pool,PetRestrictions,PetsAllowed,RecreationRoom,RvParking,Sauna,SpaHotTub,Security
HOA fee frequency
Monthly
HOA fee
$289.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$1,979.17
Cap rate

Annual operating income:

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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5200 Irvine #343, Irvine, CA 92620 · MLS #PW26116430

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Listing information

MLS #PW26116430 · California Regional MLS

Listing brokerage: Seven Gables Real Estate
Listing agent: Donna Garrett

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.