296 Novel
About This Property
Located in the highly sought-after Great Park community, residents benefit community amenities, including 10 clubhouses , resort-style pools, spas, parks, outdoor kitchens, dog parks, playgrounds, walking and biking trails and access to top-rated schools, parks, shopping, and dining options just moments away. This prime Irvine location also offers convenient access to major freeways, making commuting a breeze.Don't miss the opportunity to own this exceptional Irvine residence that effortlessly combines luxury, comfort, and convenience. Schedule your private showing today and experience firsthand the unparalleled lifestyle that awaits you at 296 Novel.
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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 |
|---|---|---|---|
| Sep 23, 2024 | Sold | ||
| Sold | |||
| Aug 27, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Listed by Your Home Sold Guaranteed Rlty | $1,690,000 | |
| Listed by Your Home Sold Guaranteed Rlty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/17/2024
| |
3 Bed
|
4 Bath
|
2551 ft²
|
$1,690,000
3 Bed
4 Bath
2551 ft²
|
$1,550,000
-8.28%
09/23/2024
|
REBECCA XU
Pinnacle Real Estate Group
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017