$985,000
●
Condo -
Off Market
198 Monroe
Irvine, CA 92620
3 Beds
2 Baths,
1
Half Bath
1,336 Ft²
$5,569
Est. Monthly
$270
HOA / Fees
About This Property
Nestled within the serene Timberline community, this beautifully
appointed 3-bedroom, 2.5-bath townhome offers 1,336 sq. ft. of
thoughtfully designed living space. From the moment you step
inside, you're greeted by a light-filled, open floor plan featuring
with plantation shutters, and dual-pane windows that bathe every
room in natural light. The generous living and dining area centers
around a cozy fireplace - perfect for cool California evenings.
Upstairs, the spacious primary suite offers a peaceful escape with
dual mirrored-door closets and a ceiling fan and two additional
well-proportioned bedrooms. Located in Northwood, one of Irvine's
most established and sought-after neighborhoods, this home is steps
from scenic parks, local dining, and shopping at Northwood Town
Center. Families will love the proximity to top-rated Irvine
Unified School District schools - including the award-winning
Brywood Elementary, Sierra Vista Middle School, and Northwood High
School ranked among California's best. University of California,
Irvine (UCI) is just minutes away.
Unit Size
1,336 Ft²
Days on Market
83 days
Land Size
4.11 acres
Price per sqft
$808
Property Type
Condo
Property Taxes
-
HOA Dues
$270
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 months ago (CRMLS #OC26098543)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2026 | Sold | ||
| Sold | |||
| Jun 12, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Price Decreased |
$1,079,000
↓ $46K
(4.1%) | |
| Price Decreased | |||
| May 6, 2026 | Listed by Keller Williams Realty Irvine | $1,125,000 | |
| Listed by Keller Williams Realty Irvine | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Cathedral Ceiling(s), AllBedroomsUp
Laundry Features: Inside
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Has Property Attached
Square Footage: 1336
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 1986
Levels: Two
Pool Features: Association
Lot Features: ZeroToOneUnitAcre
Lot Size Area: 178861
Lot Size Units: Square Feet
Lot Size Acres: 4.1061
Lot Size Square Feet: 178861
Tax Lot: 4
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Playground, Pool, Spa/Hot Tub
HOA Fee: $270
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
05/06/2026
| |
3 Bed
|
2 Bath
|
1336 ft²
|
$1,125,000
3 Bed
2 Bath
1336 ft²
|
$985,000
-12.44%
07/31/2026
|
Brad Dhesi
Keller Williams Realty Irvine
|
Building Info
About Northwood
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Listed by: Brad Dhesi, Keller Williams Realty Irvine
Last Updated: 3 months ago
Data Source: CRMLS, MLS# OC26098543
Last Updated: 3 months ago
Data Source: CRMLS, MLS# OC26098543
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