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$1,850,000
●
House -
Off Market
8 Fairview
Irvine, CA 92602
5 Beds
5 Baths,
1
Half Bath
3,942 Ft²
$2,766,868
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
Situated in prestigious guard gated enclave of the Groves at
Orchard Hills, this beautiful luxury 5 bedrooms and 5.5 baths home
has 3942 square feet living space and sits on a 6765 square feet
lot. The Tuscany inspired residence includes covered front
entrance, great room with fireplace, oversized kitchen island with
seating, large formal dining room, good size of downstairs bedroom
suite, a detached casita/5th bedroom, upstairs bonus room, master
suite with luxury tub and shower, and laundry room with
cabinetry and utility sink. Home has many of builder's top of the
line upgrades which include extensive hardwood floors throughout
first and second level's hall way, upgraded kitchen cabinets,
granite countertops, designer's backsplash, custom stair railing,
recessed lights, upgraded bathrooms, water softener system, and
water purification system. Home has 3 car garage with built-in
features, epoxy coat floors, and storage space. The home is
complemented by a rear pastoral setting of dramatic hillsides;
working avocado orchard; community amenities in two centers
including swimming pools and Jacuzzi, club house, BBQ, and tennis
courts; open space with hiking AND biking trails; and beautiful
parks to relax in splendor. Walking distance to K-8 Orchard Hills
school. Minutes driving to freeways and shopping centers. WELCOME
TO SWEET HOME!
Unit Size
3,942 Ft²
Days on Market
61 days
Land Size
0.16 acres
Price per sqft
$512
Property Type
House
Property Taxes
-
HOA Dues
$289
Year Built
2014
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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: 5 months ago (CRMLS #OC20097761)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 5, 2020 | Sold | ||
| Sold | |||
| Jun 5, 2020 | Listed by Realty One Group West | $2,020,000 | |
| Listed by Realty One Group West | |||
| May 7, 2020 | No longer available | - | |
| No longer available | |||
| Mar 4, 2020 | Listed | $1,950,000 | |
| Listed | |||
| | |||
|
Located behind the Coveted Guard Gated Community of The Groves at Orchard Hills, this Taylor Morrison, Saviero home offers the Luxury, Exclusivity, and Class that you have been looking for. This home has 5 bedrooms + Spacious Loft, 5.5 Bathrooms, and 3,942 SqFt of Living Space. As you walk through the door you are welcomed into the formal entry which leads to the Open Great Room, Gourmet Kitchen, separate Dining Room. This home has been tastefully updated with hardwood floors, surround sound speakers, recessed lighting, top of the line stainless steel appliances, granite counters, water softener, and so much more! With 2 first floor en suite bedrooms and bathrooms, you have plenty of options! One first floor bedroom has its own access, separated from the main living area…perfect for guests or an office! Upstairs, there is a Lavish Master Suite with expansive Walk-in Closet, Luxurious Master Bathroom, and roomy Loft. Sitting on a spacious 6,765 SqFt lot, this home offers plenty of yard space for entertaining. This home is perfectly located within community and is steps away from the highly ranked community school. Walk throughout the community and you will notice the resort style amenities with Olympic Size swimming pools, sports courts, beautiful clubhouses and parks. The manager has listed the unit size as 3942 square feet.
| |||
| Dec 6, 2019 | No longer available | - | |
| No longer available | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Orchard Hills
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Listed by: Yingzi Peng, Realty One Group West
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC20097761
Last Updated: 5 months ago
Data Source: CRMLS, MLS# OC20097761
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