111 Thimbleberry
About This Property
Irvine Company HIGHLAND Ultimate Masterpiece - New Home with Rare Expansive Backyard.
Located in the prestigious Portola Springs community of Irvine, this luxurious 2023-built 4-bedroom, 4-bathroom single-family home offers 2,753 square feet of living space on a 7,435 square foot lot. With no rear neighbors, it ensures ultimate privacy. The newly designed $150k backyard can accommodate an ADU or a pool.
Upon entry, you'll be greeted by a bright and airy double-height ceiling. The home is equipped with a fully paid solar system and ENERGY STAR certified appliances, including Wolf brand kitchen appliances, a Sub Zero refrigerator, and upgraded countertops. Features include upgraded tile and carpet flooring, a Tesla charging station, recessed lighting throughout, and wooden shutters with curtain tracks.
The thoughtfully designed home seamlessly blends indoor and outdoor spaces with three large sliding glass doors in the living room. The first floor boasts a bedroom and full bath, while the second floor includes a loft, a master bedroom with a walk-in closet and bathtub, and two en-suite bedrooms.
Portola Springs belongs to the highly acclaimed Irvine School District, renowned for its top-rated elementary, middle, and high schools. The community offers 16 parks with amenities including swimming pools, trails, tennis courts, and children's playgrounds.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 5, 2024 | Sold | ||
| Sold | |||
| Apr 29, 2024 | Listed by Harvest Realty Development | $3,350,000 | |
| Listed by Harvest Realty Development | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017