Listed by: Kaige Zhao, Harvest Realty Development
$2,650,000
●
Condo -
Off Market
119 Bellini
Irvine, CA 92602
4 Beds
4 Baths,
1
Half Bath
2,495 Ft²
$13,823
Est. Monthly
$320
HOA / Fees
2.80%
Cap Rate
About This Property
Mountain View, Corner Lot and Two master Bedrooms. Beautiful
upgrades in Verdi home in exclusive Reserve at Orchard Hills, a
private guard-gated community in Irvine.The naturally bright Great
Room with dramatic panoramic doors and a first-floor primary
bedroom with a walk-in closet and bath. This Verdi model 2X home,
built by Irvine Pacific. The private lot backed by the avocado
groves.
The home has many upgrades including granite and quartz countertops, KitchenAid stainless steel appliances, and upgraded cabinetry throughout. Other upgrades and advantages include: 10 ft. ceilings. Engineered vinyl hardwood floors. Plantation shutters and woven shades throughout. Custom garage built-in. Custom under-stair storage. Reverse osmosis water purification system. Energy-efficient insulated inner walls. Whole house ceiling fan. Water-efficient tankless water heater. 24-hour guard-gated community with a clubhouse, multiple pools, spas, and tennis courts. Award-winning Orchard Hills school.
The home has many upgrades including granite and quartz countertops, KitchenAid stainless steel appliances, and upgraded cabinetry throughout. Other upgrades and advantages include: 10 ft. ceilings. Engineered vinyl hardwood floors. Plantation shutters and woven shades throughout. Custom garage built-in. Custom under-stair storage. Reverse osmosis water purification system. Energy-efficient insulated inner walls. Whole house ceiling fan. Water-efficient tankless water heater. 24-hour guard-gated community with a clubhouse, multiple pools, spas, and tennis courts. Award-winning Orchard Hills school.
Unit Size
2,495 Ft²
Days on Market
90 days
Land Size
0.08 acres
Price per sqft
$1,102
Property Type
Condo
Property Taxes
-
HOA Dues
$320
Year Built
-
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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: 3 years ago (CRMLS #OC24125910)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2024 | Sold | ||
| Sold | |||
| Aug 31, 2024 | Price Decreased |
$2,750,000
↓ $100K
(3.5%) | |
| Price Decreased | |||
| Aug 31, 2024 | In contract | - | |
| In contract | |||
| May 19, 2024 | Listed by Harvest Realty Development | $2,850,000 | |
| Listed by Harvest Realty Development | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Door Single, Garage
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 4
Bedrooms on Main Level: 1
Full Bathrooms: 3
Half Bathrooms: 1
Bathrooms on Main Level: 2
Levels: Two
Interior Features: Ceiling Fans, Granite Counters, High Ceilings, Open Floorplan, Storage, Bedroomon Main Level, Main Level Primary, Multiple Primary Suites, Walk In Closets
Appliances: Item6 Burner Stove, Convection Oven, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Water Purifier
Living Area Square Feet Source: Assessor
Laundry Features: Laundry Room
None
Has Basement
Utility
Exterior Details
Year Built: 2020
Parcel Number: 93819361
Home Type: Residential
Structure Type: House
Builder Name: Irvine Pacific
Spa Features: Community
Pool Features: Community, Association
Lot Size Source: Builder
Lot Size Acres: 0.0846
Elevation Units: Feet
Utilities Details
Cooling Type: Central Air, High Efficiency
Heating Type: Central
Location Details
Association Amenities: Barbecue, Playground, Pool, Trails
Association Fee: $320
Association Fee Frequency: Monthly
Community Features: Biking, Park, Sidewalks, Gated, Pool
Security Features: Gated Community
Subdivision:, Verdi 2X
Elementary School: Canyon View
Middle or Junior School: Sierra Vista
High School: Northwood
High School District: Irvine Unified
Subdivision Name:, Verdi 2X
Directions: Near the pools
Other Details
Listing Terms: Cash, CashtoNewLoan, Item1031Exchange
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/19/2024
| |
4 Bed
|
4 Bath
|
2495 ft²
|
$2,850,000
4 Bed
4 Bath
2495 ft²
|
$2,650,000
-7.02%
09/17/2024
|
Kaige Zhao
Harvest Realty Development
|
Building Info
About Orchard Hills
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Listed by: Kaige Zhao, Harvest Realty Development
Last Updated: 3 years ago
Data Source: CRMLS, MLS# OC24125910
Last Updated: 3 years ago
Data Source: CRMLS, MLS# OC24125910
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