Welcome to 117 Mirth, a beautifully designed tri-level end unit
home in Novel Park, one of Irvine's most desirable neighborhoods
within the vibrant Great Park area. This premium Verge Plan 6
residence offers 3 spacious bedrooms, each with its own en suite
bathroom, plus a total of 3.5 baths, ensuring comfort and privacy
for all. On the first floor, you'll find a well-appointed guest
bedroom and bath, making it an ideal space for visitors or a serene
home office. The main level features a bright, open-concept living
and dining area that flows effortlessly into a gourmet kitchen.
This kitchen is a culinary dream, featuring quartz countertops,
state-of-the-art stainless steel appliances, a walk-in pantry, and
an oversized center island perfect for casual dining and
entertaining. The top level is dedicated to two luxurious primary
bedroom suites, each with a spacious walk-in closet and an elegant
en suite bathroom. These suites offer a private retreat with
stunning views of the lush surroundings at Novel Park. A large
2-car garage with direct access provides convenience and additional
storage space. Residents of 117 Mirth also enjoy exclusive access
to Great Park's world-class amenities, including resort-style
pools, scenic hiking and biking trails, sport courts, a welcoming
clubhouse, and more. Ideally located near top-rated schools such as
Beacon Park School and Portola High School, as well as the shopping
and dining options at Woodbury Town Center, this home offers an
elevated lifestyle with everything you need at your doorstep. Don't
miss the opportunity to make 117 Mirth your own luxurious retreat
in one of Irvine's most vibrant communities.
Unit Size
1,960 Ft²
Days on Market
39 days
Land Size
-
Price per sqft
$663
Property Type
Condo
Property Taxes
-
HOA Dues
$516
Year Built
-
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Cap Rate Calculator
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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.
Directions: From the 5 Freeway, exit at Sand Canyon Avenue and head east. After about 2 miles, turn left onto Great Park Boulevard. Continue for 1 mile, then turn right onto Ridge Valley. Turn left onto Epic, and then another left onto Mirth.
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