$3,075,000
●
House -
Off Market
116 Sparrow
Irvine, CA 92618
4 Beds
4 Baths,
1
Half Bath
3,594 Ft²
$15,894
Est. Monthly
$240
HOA / Fees
2.24%
Cap Rate
About This Property
This exquisite corner-lot residence embodies timeless elegance with
its harmonious blend of classic architecture and modern comforts.
The grand foyer introduces the home's refined aesthetic, leading to
a spectacular great room adorned with high ceilings and a stately
fireplace. The gourmet kitchen, a chef's dream, features custom
cabinetry, premium appliances, and a spacious island perfect for
entertaining. A paneled home office and main-floor guest bedroom
provide both functionality and luxury. Upstairs, the primary suite
offers a serene retreat complete with a spa-like bathroom and
generous walk-in closets. Additional bedrooms and a sunlit loft
space along with an oversized balcony provide flexible living
options. Outside, the professionally landscaped backyard with stone
patio creates an idyllic setting for outdoor living. Every detail
reflects thoughtful craftsmanship, making this home as practical as
it is beautiful. Enjoy all the amazing amenities of the Great Park
Neighborhoods, including its parks, clubhouse, heated pools, hot
tubs, sports courts and fields, playgrounds, and picnic areas.
Unit Size
3,594 Ft²
Days on Market
40 days
Land Size
0.14 acres
Price per sqft
$887
Property Type
House
Property Taxes
-
HOA Dues
$240
Year Built
2013
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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: 2 years ago (CRMLS #OC25074984)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 19, 2025 | Sold | ||
| Sold | |||
| Apr 30, 2025 | In contract | - | |
| In contract | |||
| Apr 6, 2025 | Listed by Keller Williams Realty Irvine | $3,188,000 | |
| Listed by Keller Williams Realty Irvine | |||
Property Highlights
Garage
Air Conditioning
Fireplace
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 Portola Springs
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Listed by: Irene Zhang, Keller Williams Realty Irvine
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25074984
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25074984
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