$1,050,000
●
Condo -
Off Market
61 Bower Tree
Irvine, CA 92603
3 Beds
2 Baths,
1
Half Bath
1,628 Ft²
$1,641,199
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model
About This Property
Completely detached home situated on a quiet corner parcel, this
Plan 2 in gated Arborel has it all! Open layout is a favorite -
spacious kitchen with center island opens to the dining room and
out to the private rear yard. Kitchen also looks into the
light and bright family room- has great flow! The home has
been highly upgraded with granite counters, hardwood flooring,
built in dining seating area, surround sound, crown molding,
plantation shutters and much more. Luxurious master suite with walk
in closet and tastefully upgraded master bathroom has dual
vanities, and separate tub and shower. Two spacious secondary
bedrooms share a jack and jill bathroom. The backyard is perfect
for entertaining with brick hardscape patio, beautiful landscaping,
and a retractable awning. Home has been re-piped with PEX!
World class amenities include gated community entry, award winning
resort like pool area with cabanas, spa, kiddie pool, clubhouse,
hiking trails and more.
Unit Size
1,628 Ft²
Days on Market
26 days
Land Size
-
Price per sqft
$644
Property Type
Condo
Property Taxes
-
HOA Dues
$199
Year Built
2004
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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 #NP18024126)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2018 | Sold | ||
| Sold | |||
| Feb 1, 2018 | Listed by Compass | $1,049,000 | |
| Listed by Compass | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: AllBedroomsUp
Laundry Features: In Garage
Fireplace Features: None
Exterior Details
Square Footage: 1628
Security Features: Gated Community
Year Built Source: Assessor
Year Built: 2004
Levels: Two
Pool Features: Community, Association
Lot Features: Corner Lot
Tax Lot: 19
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Barbecue, Picnic Area, Pool, Spa/Hot Tub, Trail(s), DuesPaidMonthly, OutdoorCookingArea
HOA Fee: $199
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 |
|---|---|---|---|---|---|---|---|
|
02/01/2018
| |
3 Bed
|
2 Bath
|
1628 ft²
|
$1,049,000
3 Bed
2 Bath
1628 ft²
|
$1,050,000
+0.10%
02/27/2018
|
Megan Varga
Compass
|
Building Info
About Turtle Ridge
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Listed by: Megan Varga, Compass
Last Updated: 4 months ago
Data Source: CRMLS, MLS# NP18024126
Last Updated: 4 months ago
Data Source: CRMLS, MLS# NP18024126
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