$1,182,000
●
House -
Off Market
1 Butternut Lane
Irvine, CA 92612
4 Beds
3 Baths
2,237 Ft²
$1,667,416
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model
About This Property
Explore the possibilities of this rare opportunity to own in the
highly sought after University Park neighborhood of Irvine. This
corner 5,850 square foot lot boasts a Single Family Detached Walden
floor plan with a long time permitted addition which rounds itself
out to 2,180 square feet with 4 bedrooms and 3 bathrooms. Entering
the property through its grand double door glass detailed entryway
leads to immense vaulted ceilings and cathedral windows providing
the deeply desired open "airy" feel. Just around the corner is the
kitchen with Corian counter tops, double basin sink, custom
cabinetry, and tile floors. Energy saving dual pane windows and
sliding glass doors keep the home light and bright. A highly sought
after amenity is the main floor master bedroom and bath privately
nestled in the far corner of the home. Plenty of outdoor space
awaits you via a large wrap around landscaped backyard and deck
situated just across the yard. The convenience of the direct access
2 car garage cannot be understated. Considering the location, this
home will not last, so act FAST!
Unit Size
2,237 Ft²
Days on Market
42 days
Land Size
0.13 acres
Price per sqft
$492
Property Type
House
Property Taxes
-
HOA Dues
$158
Year Built
1974
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #OC18097065)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2018 | Sold | ||
| Sold | |||
| Apr 26, 2018 | Listed by Century 21 Award | $1,100,000 | |
| Listed by Century 21 Award | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About University Park
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Mehri Borhani, Century 21 Award
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC18097065
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC18097065
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