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53 Cherry Tree
About This Property
The modern exterior welcomes you into a bright open-concept floor plan featuring wood flooring throughout the first floor, new laminate flooring upstairs, and upgraded carpet on the staircase. At the heart of the home is a sleek chef's kitchen showcasing a dramatic waterfall quartz island, a brand-new, never-used Bosch gas cooktop, Bosch hood and dishwasher, KitchenAid refrigerator, farmhouse sink, full-height subway-tile backsplash, and a large walk-in pantry. The kitchen flows seamlessly into the dining area and spacious living room, while a sliding glass door opens to the beautifully finished backyard featuring a California Room, professionally installed premium lead-free synthetic turf that is also free of hazardous heavy metals, and no rear neighbors, creating a private, low-maintenance outdoor retreat. Upstairs, a built-in office niche provides a convenient workspace, along with three spacious bedrooms.
The primary suite enjoys peaceful green views with no rear neighbors and features a fully renovated spa-inspired bathroom with a floor-to-ceiling tiled walk-in shower, frameless glass enclosure, freestanding soaking tub, quartz vanity with dual vessel sinks, designer wall-mounted faucets, and a custom walk-in closet. Two generously sized secondary bedrooms share a refreshed bathroom featuring a new quartz vanity, dual vessel sinks, updated fixtures, mirrors, lighting, and a new toilet.
Additional improvements include fresh interior paint with premium zero-VOC paint, Hunter Douglas shades, plantation shutters, new toilets throughout, a Pentair whole-house water filtration and softener system, an under-sink reverse-osmosis drinking water system, and all major renovations completed with City of Irvine permits. Combining a prime location, exceptional privacy, designer-quality upgrades, and access to Cypress Village's amazing amenities, and scenic walking trails, this move-in-ready home presents an outstanding opportunity to enjoy one of Irvine's most desirable lifestyles.
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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, 2026 | Listed by Keller Williams Realty Irvine | $1,748,000 | |
| Listed by Keller Williams Realty Irvine | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/21/2022
| |
3 Bed
|
2.5 Bath
|
2059 ft²
|
$1,499,999
3 Bed
2.5 Bath
2059 ft²
|
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-
|
Sean Crosier
Golden State Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017