162 Somera
About This Property
Best $/sqft price for single family house at the Reserve.100K+ upgrades included,2025 New home- Move in Ready!
2025 Brand New single-family home located in the 24-hour guard-gated community of Reserve at Orchard hills. 162 Somera enjoys the highest elevation in the neighborhood, Bright south-facing orientation, east-high-west-low terrain, ideal feng shui for a harmonious living environment. House comes with a one-year builder's warranty, provides Wolf appliances, a built-in Sub-Zero refrigerator, and soft-closing cabinetry throughout. Tankless water heater, a whole-house hot water circulation system with remote control, interior wall insulation, solid core paneled doors. EV charger, smart entry with Ring, and a whole-house water leak detection system. Luxury vinyl plank flooring first floor and an epoxy-coated garage floor. Peek-a-boo city view of the city from the guest bedroom and downstair bedroom. The Reserve at Orchard Hills has world-class resort-style amenities including pool, spa, parks, clubhouse overlooking the breathtaking view of the city. The award winning Irvine Unified School District schools such as Canyon View Elementary and Northwood High School is just a short walk away. Don't miss your chance to live in your Orchard hills dream home!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 21, 2025 | In contract | - | |
| In contract | |||
| Aug 21, 2025 | Sold | ||
| Sold | |||
| Jul 26, 2025 | Price Decreased |
$2,989,000
↓ $79K
(2.6%) | |
| Price Decreased | |||
| Jul 18, 2025 | Price Decreased |
$3,068,000
↓ $60K
(1.9%) | |
| Price Decreased | |||
| Jun 26, 2025 | Listed by Realty One Group West | $3,128,000 | |
| Listed by Realty One Group West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017