VIEWS VIEWS VIEWS! FORMER MODEL HOME DIRECTLY ACROSS THE RISE
OLYMPIC SIZE POOL & CLUBHOUSE! Explore a World of Infinite
Possibilities at Orange County Great Park –Irvine's HOT SPOT
destination is the Arts and Sports recreational HUB offering
expert-led activities from the renowned Orange Air Balloon, to
Great Park Ice Arena, Farm and Food Lab, Sports Complex, Five
Points Amphitheater, and more! Our FULLY LOADED "Montair"
Collection at RISE Residence THREE is a Lot Premium directly next
to the model homes with NO HOMES IN FRONT & PARK +POOL+ HILLSIDE
VIEWS! This Modern Craftsman style home was built by Lennar and
offers 4BD 3BA 2 HALF BA, 3RD FLOOR BONUS & COVERED DECK, PRIVATE
PATIO ATTACHED 2-CAR Garage, and approximately 2,963 Sq. Ft of
Decadent Interior Living Space! The home features an Open Floor
Plan, LED Recessed Lighting, Luxury Tile Flooring, Premium
Carpeting, Custom Accent Walls, Built-In Surround Sound System,
Premium Paint, Custom Fitted Plantation Shutters & High Ceilings!
Chef-Inspired Gourmet Kitchen with Quartz Countertops, FULL
Backsplash, Espresso Shaker Cabinetry with Hardwood Soft-Close
Drawers, and ALL Stainless Steel Appliances (including Built-In
Refrigerator)! A Lifestyle Opportunity for Indoor/Outdoor
Entertaining-Private spacious THIRD LEVEL DECK with VIEWS & Private
Patio with Stacked Stone Island + Sink! Enjoy world-class amenities
exclusive to RISE & Great Park residents -- Olympic-sized swimming
pool, playground, zen gardens plus Masterplan amenities including 5
parks, 3 full court basketball courts, 2 junior Olympic pools, 4
spas, 3 club rooms, BBQ picnic destinations at every park and one
greenhouse. Award-winning Irvine unified school district (zoned
Portola High School & Solis Park K-8) and just minutes from dining
destinations at the Woodbury Shopping Center, Five Points
Amphitheater Irvine Spectrum, John Wayne Airport, Kaiser
Permanente, and nearby connecting freeways ( I-5, 241, 133, & 73)!
Unit Size
2,963 Ft²
Days on Market
46 days
Land Size
0.10 acres
Price per sqft
$742
Property Type
Condo
Property Taxes
-
HOA Dues
$215
Year Built
2019
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Cap Rate Calculator
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IncomePer Year
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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.
Interior Features: Breakfast Bar, Built In Features, Balcony, Separate Formal Dining Room, High Ceilings, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Unfurnished, Wired For Sound, All Bedrooms Up, Primary Suite, Walk In Closets
Appliances: Six Burner Stove, Built In Range, Barbecue, Convection Oven, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Range Hood, Tankless Water Heater, Water Purifier
Flooring Type: Carpet, Tile
Living Area Square Feet Source: Assessor
Doors: Sliding Doors
Laundry Features: Laundry Room, Upper Level
None
Exterior Details
Property Condition: Turnkey
Year Built: 2019
Parcel Number: 93015855
Home Type: Residential
Structure Type: House
Architectural Style: Contemporary
Builder Name: Lennar
Roof: Flat
Window Features: Drapes, Plantation Shutters
Construction Materials: Stucco
Outdoor Living Structures: Deck, Patio
Spa Features: Association
Pool Features: Association
Lot Information: Close To Clubhouse, Landscaped, Near Park
Lot Size Source: Estimated
Lot Size Acres: 0.1033
Elevation Units: Feet
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Utilities: Sewer Connected
Location Details
Association Amenities: Clubhouse, Controlled Access, Sport Court, Dog Park, Fire Pit, Maintenance Grounds, Outdoor Cooking Area, Other Courts, Barbecue, Picnic Area, Playground, Pool, Spa Hot Tub, Trails
Association Fee: $215
Association Fee Frequency: Monthly
Community Features: Biking, Curbs, Dog Park, Gutters, Hiking, Storm Drains, Street Lights, Sidewalks, Park
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