$625,000
●
Condo -
Off Market
5 Cerrito
Irvine, CA 92612
3 Beds
2 Baths
1,507 Ft²
$856,085
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
This striking residence offers privacy and pride of ownership
surpassing every expectation. Generously remodeled, this home
boasts open-concept layout with spacious living room designed to
capture all natural light in every room. Cozy fireplace
framed with granite, built-in cabinets, plantation shutters
throughout, recessed lighting and luxurious cherry wood hardwood
floors inspire an inviting atmosphere. Masterfully designed
kitchen with white cabinets, glass doors & granite countertops.
The great room casually flows to three (3) private patios
providing the ultimate setting for outdoor living and entertaining.
Spacious master suite offers enchanting patio views, huge
closet space and his/her vanities. 3rd bedroom through French
doors is currently being used as office/den. Nestled in the
exclusive charming tree-lined community of Rancho San Joaquin with
no mello-roos and low taxes. Highly-acclaimed Irvine School
District and distinguished University High School. Just steps to
community pool, William Mason Regional Park and open green space.
Hurry...this charming single level home is a rare opportunity. Must
see today!
Unit Size
1,507 Ft²
Days on Market
136 days
Land Size
-
Price per sqft
$415
Property Type
Condo
Property Taxes
-
HOA Dues
$486
Year Built
1975
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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: 4 months ago (CRMLS #OC20068884)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 18, 2020 | Sold | ||
| Sold | |||
| Apr 4, 2020 | Listed by Century 21 Masters | $625,000 | |
| Listed by Century 21 Masters | |||
Property Highlights
Garage
Fireplace
With View
Parking Details
Has Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Granite Counters, Open Floorplan, Recessed Lighting, AllBedroomsDown, BedroomOnMainLevel, MainLevelPrimary, PrimarySuite
Appliances: Dishwasher, Disposal, Gas Range
Flooring Type: Wood
Laundry Features: Inside, Laundry Closet
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Has Property Attached
Square Footage: 1507
Square Footage Source: $0
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Property Condition: Updated/Remodeled, Turnkey
Year Built Source: Public Records
Year Built: 1975
Levels: One
Patio and Porch Features: Patio
Pool Features: Community, In Ground, Association
Tax Lot: 1
Water Source: Public
Utilities Details
Cooling Type: None
Heating Type: Forced Air
Sewer : SewerTapPaid
Location Details
HOA/Condo/Coop Amenities: Pool, Spa/Hot Tub, Trash, Water, PetsAllowed
HOA Fee: $486
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 |
|---|---|---|---|---|---|---|---|
|
01/18/2020
| |
3 Bed
|
2 Bath
|
1507 ft²
|
$689,000
3 Bed
2 Bath
1507 ft²
|
$625,000
-9.29%
08/18/2020
|
Nurcys Grimes
|
Building Info
About Rancho San Joaquin
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Listed by: Nurcys Grimes, Century 21 Masters
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC20068884
Last Updated: 4 months ago
Data Source: CRMLS, MLS# OC20068884
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