$868,000
●
Condo -
Off Market
5 Redberry
Irvine, CA 92618
3 Beds
2 Baths,
1
Half Bath
1,585 Ft²
$1,309,178
RealtyHop Estimate
59.85%
Since Aug 1, 2017
National-US
Primary Model
About This Property
Beautifully updated, 3 bedroom and 2 1/2 bathroom, detached home in
the gated Oak Creek community. Located in a culdesac with a long
extended, mature tree lined driveway. This home features dual pane
windows, new wood laminate flooring, new fresh interior paint, new
ceiling fans, granite tiled fireplace, new mirror closet doors, new
landscaping, garage door painted, garage floor epoxy, and patio
epoxy. The kitchen is light and bright, featuring solid granite
kitchen countertops, newly refinished cabinets, new brush nickel
hardware, stainless steel sink, built in stainless steel microwave
and stainless steel appliances. Located in a safe and secured
community, Oak Creek's amenities include pools, spas, tennis
courts, greenbelts and sidewalks. Located in close proximity to
Irvine's award winning schools, royal oak park, stores and
restaurants.
Unit Size
1,585 Ft²
Days on Market
83 days
Land Size
-
Price per sqft
$517
Property Type
Condo
Property Taxes
-
HOA Dues
$160
Year Built
1998
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Cap Rate Calculator
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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 #PW17093606)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 5, 2017 | Sold | ||
| Sold | |||
| Apr 13, 2017 | Listed by Brett A. Varon, Broker | $819,000 | |
| Listed by Brett A. Varon, Broker | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Parking Details
Has Garage
Parking Features: Concrete, Garage, DoorMulti
Garage Spaces: 2
Open Parking Spaces: 10
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Granite Counters, Recessed Lighting, BlockWalls, AllBedroomsUp
Appliances: Disposal, Gas Range, Microwave
Flooring Type: Carpet, Laminate, Tile
Laundry Features: Laundry Room
Has Fireplace
Fireplace Features: Living Room
Exterior Details
Square Footage: 1585
Security Features: Gated Community
Property Condition: Updated/Remodeled, Turnkey
Year Built: 1998
Levels: Two
Window Features: Blinds, Double Pane Windows, Plantation Shutters
Patio and Porch Features: Patio, Porch
Pool Features: Association
Lot Features: Cul-De-Sac, ZeroToOneUnitAcre
Lot Size Units: Square Feet
Tax Lot: 1
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Pool, Spa/Hot Tub, Tennis Court(s)
HOA Fee: $100
HOA Fee Frequency: Monthly
Condo/Coop Fee: $60
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 |
|---|---|---|---|---|---|---|---|
|
04/13/2017
| |
3 Bed
|
2 Bath
|
1585 ft²
|
$819,000
3 Bed
2 Bath
1585 ft²
|
$868,000
+5.98%
07/05/2017
|
Brett Varon
Brett A. Varon, Broker
|
Building Info
About Oak Creek
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Listed by: Brett Varon, Brett A. Varon, Broker
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17093606
Last Updated: 4 months ago
Data Source: CRMLS, MLS# PW17093606
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