Listed by: Nunmin Bush, A + Realty & Mortgage
$1,595,000
●
Condo -
Off Market
287 Novel
Irvine, CA 92618
4 Beds
4 Baths,
1
Half Bath
2,171 Ft²
$8,072
Est. Monthly
$240
HOA / Fees
4.69%
Cap Rate
About This Property
Nearly New Novel Park in Great Park Community, completed in 2022,
this 2-story home by Taylor Morrison features 4 BR, 3.5 BA and a
2-car garage. Large windows and natural lighting throughout the
house. Entertain guests in your spacious great room that flows
effortlessly into the designer kitchen complete with a large
island. Dine al fresco in your private courtyard just located off
the main dining area. Retreat upstairs into the primary bedroom
complete with a private covered deck, ensuite bath, and large
walk-in closet. A second bedroom with ensuite bath, 2 more bedrooms
sharing a jack-and-jill bathroom, and a large laundry room round
out the second floor. Located within Irvine's Great Park
Neighborhood, enjoy the endless amenities and activities available
for residents: swimming pools, playgrounds, dog parks, walking
trails and so much more!
Unit Size
2,171 Ft²
Days on Market
66 days
Land Size
0.05 acres
Price per sqft
$735
Property Type
Condo
Property Taxes
-
HOA Dues
$240
Year Built
2022
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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: 2 years ago (CRMLS #TR24216601)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2024 | Sold | ||
| Sold | |||
| Nov 10, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Listed by A + Realty & Mortgage | $1,595,000 | |
| Listed by A + Realty & Mortgage | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Door Single, Garage, Garage Faces Rear, Side By Side
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 4
Full Bathrooms: 3
Half Bathrooms: 1
Bathrooms on Main Level: 1
Levels: Two
Interior Features: Breakfast Bar, Open Floorplan, Pantry, Recessed Lighting, Unfurnished, All Bedrooms Up, Jack And Jill Bath, Multiple Primary Suites, Walk In Closets
Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Dryer, Washer
Flooring Type: Laminate
Living Area Square Feet Source: Assessor
Laundry Features: Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room, Upper Level
None
Exterior Details
Property Condition: Turnkey
Year Built: 2022
Parcel Number: 93002210
Home Type: Residential
Structure Type: Duplex
Architectural Style: Contemporary
Builder Name: Taylor Morrison
Foundation Details: Slab
Roof: Concrete
Window Features: Double Pane Windows
Construction Materials: Stucco
Outdoor Living Structures: Covered
Spa Features: Community
Pool Features: Community, Association
Lot Information: Landscaped, Near Park, Yard
Lot Size Source: Builder
Lot Size Acres: 0.0459
Elevation Units: Feet
Utilities Details
Cooling Type: Central Air, Whole House Fan, Attic Fan
Heating Type: Central
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location Details
Association Amenities: Clubhouse, Management, Maintenance Front Yard, Barbecue, Picnic Area, Playground, Pool, Pets Allowed, Spa Hot Tub, Trails
Association Fee: $240
Association Fee Frequency: Monthly
Community Features: Biking, Hiking, Street Lights, Sidewalks, Water Sports, Park, Pool
Security Features: Security System, Smoke Detectors
Subdivision: Great Park
High School District: Irvine Unified
Subdivision Name: Great Park
Directions: Exit at Sand Canyon Ave from 5, right on Great Park, left on Ridge Valley, Left on Epic
Other Details
Listing Terms: Cash, CashToNewLoan
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 |
|---|---|---|---|---|---|---|---|
|
10/18/2024
| |
4 Bed
|
4 Bath
|
2171 ft²
|
$1,595,000
4 Bed
4 Bath
2171 ft²
|
$1,595,000
12/23/2024
|
Nunmin Bush
A + Realty & Mortgage
|
Building Info
About Orange County Great Park
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Listed by: Nunmin Bush, A + Realty & Mortgage
Last Updated: 2 years ago
Data Source: CRMLS, MLS# TR24216601
Last Updated: 2 years ago
Data Source: CRMLS, MLS# TR24216601
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