109 Ritual, Irvine, California 92618, Irvine, 92618 - 4 bed, 4 bath

109 Ritual, Irvine, California 92618 home-pic-0
ACTIVE$3,690,000
109 Ritual, Irvine, California 92618
4Beds
4Baths
3,021Sqft
4,770Lot

Price Vs. Estimate

The estimated value ($3,021,845.77) is $668,154.23 (18%) lower than the list price ($3,690,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Low-Interest Loan Assumption: The unique opportunity to assume a $1 million loan at a significantly low 2.75% interest rate offers substantial financial savings for a qualified buyer in the current market.
Top Cons:
Significant Overpricing Relative to Market Estimation: The current listing price is 18% above the property's estimated market value, which could make it less competitive and potentially prolong its time on the market.

Compared to the nearby listings

Price:$3.69M vs avg $2.30M (+$1,390,500)89%
Size:3,021 sqft vs avg 2,781 sqft64%
Price/sqft:$1.2K vs avg $84099%

More Insights

Built in 2019 (6 years old).
Condition: This property, built in 2019, is virtually new and boasts over $750,000 in luxury upgrades, including a gourmet chef's kitchen with high-end appliances and spa-inspired bathrooms. The images confirm a pristine, modern aesthetic with top-tier finishes, recessed lighting, contemporary flooring, and an impressive outdoor living space. All components meet current quality standards with no signs of wear or deferred maintenance, aligning perfectly with the 'Excellent' criteria.
Year Built
2019
Close
-
List price
$3.69M
Original List price
$4.1M
Price/Sqft
$1,221
HOA
$183
Days on market
-
Sold On
-
MLS number
PW25043287
Home ConditionExcellent
Features
Good View: Hills, Mountain(s), Peek-A-Boo, Valley, Trees/Woods
Patio
ViewHills, Mountain(s), Peek-A-Boo, Valley, Trees/Woods

About this home

PRICE REDUCTION – NOW OFFERED AT $3,690,000! Sophisticated Designer Home | Premium Lot | Hillside & Trail Views Portola Springs, Irvine Experience a rare blend of elevated luxury and smart financial opportunity in one of Irvine’s most coveted neighborhoods. Exceptional Financing Advantage: An exclusive opportunity awaits—assume the seller’s $1 million loan at just 2.75% interest, lender-approved and subject to buyer qualification. With current market rates hovering near 6%, this rare loan assumption could save a qualified buyer thousands of dollars per month in mortgage payments. A true standout feature that sets this property apart. This stunning, designer-upgraded home is positioned on a private premium lot with direct access to scenic trails and unobstructed hillside views. Boasting over $750,000 in luxury upgrades, it offers an extraordinary living experience marked by elegance, comfort, and seclusion. Property Highlights: • 4 Bedrooms | 4 Bathrooms • Approx. 3,021 Sq. Ft. of meticulously curated interiors • Gourmet chef’s kitchen with custom cabinetry & high-end appliances • Spa-inspired bathrooms and a serene, resort-like primary suite • Bright, open-concept living spaces with seamless indoor-outdoor flow Community & Location: • Resort-style amenities: parks, pools, spa, clubhouse, playgrounds, full-size basketball court & BBQ picnic areas • Zoned for top-rated Irvine Unified Schools, including Portola High • Minutes from Woodbury Town Center, Irvine Spectrum, FivePoint Amphitheater, Wild Rivers, John Wayne Airport & more • Convenient access to I-5, 241, 133 & 73 freeways This is more than just a home—it’s a lifestyle of comfort, sophistication, and financial advantage in one of Irvine’s most coveted neighborhoods.

Condition Rating
Excellent

This property, built in 2019, is virtually new and boasts over $750,000 in luxury upgrades, including a gourmet chef's kitchen with high-end appliances and spa-inspired bathrooms. The images confirm a pristine, modern aesthetic with top-tier finishes, recessed lighting, contemporary flooring, and an impressive outdoor living space. All components meet current quality standards with no signs of wear or deferred maintenance, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Exceptional Low-Interest Loan Assumption: The unique opportunity to assume a $1 million loan at a significantly low 2.75% interest rate offers substantial financial savings for a qualified buyer in the current market.
Extensive Luxury Upgrades: Boasting over $750,000 in designer upgrades, including a gourmet chef's kitchen with high-end appliances and spa-inspired bathrooms, ensuring a sophisticated and move-in ready living experience.
Premium Lot with Scenic Views: Positioned on a private premium lot offering unobstructed hillside and trail views, providing a serene and aesthetically pleasing environment.
Access to Top-Rated Schools: Located within the highly acclaimed Irvine Unified School District, including Portola High, which is a major advantage for families.
Comprehensive Resort-Style Community Amenities: Residents benefit from an extensive array of community amenities such as parks, multiple pools, a spa, clubhouse, playgrounds, and sports courts, enhancing the lifestyle appeal.

Cons

Significant Overpricing Relative to Market Estimation: The current listing price is 18% above the property's estimated market value, which could make it less competitive and potentially prolong its time on the market.
Recent Substantial Price Reduction: A notable price drop from the original $4.1 million to $3.69 million may raise questions among potential buyers regarding the property's initial valuation or underlying market challenges.
Average Lot Size for Luxury Segment: Despite being described as a 'premium lot,' the 4,770 sq. ft. size is not particularly expansive compared to some luxury homes in the area, which might be a consideration for buyers seeking larger outdoor living spaces.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state