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About This Property
This home is located in the prime location at Parasol Park within the Great Park Neighborhoods Located in the new up-and-coming neighborhood of Parasol Park awaits Sterling. The third-floor is a bright and airy retreat, with an expansive rooftop deck and outdoor kitchen that's sure to become party central. Parasol Park is one of the Great Park Neighborhoods-the first two, Pavilion Park and Beacon Park, named "Community of the Year." This Irvine community was built with the idea of people coming together. Parasol Park boasts walkable/bikeable trails throughout that connect you to all of the Great Park Neighborhoods and its many amenities throughout. Perfect your green thumb at the community Greenhouse or take a dip at the resort-style pools. You will also be in close proximity to exciting shopping, dining and entertainment. Let's not forget the prestigious Irvine Unified School District, including the Cadence Park School (K-8) and Portola High School, both located onsite.
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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 |
|---|---|---|---|
| Jul 27, 2018 | Sold | ||
| Sold | |||
| May 25, 2018 | Listed by TRI Pointe Homes, Inc | $869,900 | |
| Listed by TRI Pointe Homes, Inc | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/18/2021
| |
3 Bed
|
3 Bath
|
2093 ft²
|
$975,000
3 Bed
3 Bath
2093 ft²
|
$987,000
+1.23%
09/21/2021
|
BRITTNEY CHEN
RE/MAX INNOVATIONS
|
|
05/25/2018
| |
3 Bed
|
2 Bath
|
2093 ft²
|
$869,900
3 Bed
2 Bath
2093 ft²
|
$845,000
-2.86%
07/27/2018
|
Kenneth Hyland
TRI Pointe Homes, Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017