2 Faraday

2 Faraday has been categorized by the local assessors in Irvine, CA as a industrial type of property. The building on the property was first built in 1981 and is 43 years old. However, we must point out that the home was most recently renovated and altered in 1982. The building has a total of 2 stories. In addition, 2 Faraday has 26,694 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 54,746 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a open garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with concrete control joints. The building has a flat style roof. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2 Faraday was last sold in Dec 4, 2017 for $6,425,000. According to our calculations, that's $240.69 per sqft. Prior to that sales transaction, the property was sold for $5,145,000 in Mar 9, 2016. Current property owners are expected to pay $1,891 in taxes per year. The property on 2 Faraday was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $7,026,675. To break that down further, the land itself was valued at $4,155,856. While improvements to the property were assessed at a total of $2,870,819. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.