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

109 Ritual, Irvine, California 92618 home-pic-0
ACTIVE$3,659,000
109 Ritual, Irvine, California 92618
4Beds
4Baths
3,021Sqft
4,770Lot

Price Vs. Estimate

The estimated value ($3,033,895.35) is $625,104.65 (17%) lower than the list price ($3,659,000). This property may be overpriced.

Key pros and cons

Top Pros:
Unbeatable Financing Advantage: The exclusive opportunity to assume a $1 million loan at a significantly below-market interest rate of 2.75% offers substantial monthly savings for a qualified buyer.
Top Cons:
Significant Price Discrepancy: The current listing price of $3,659,000 is considerably higher than the estimated property value of approximately $3,033,895, suggesting a potential overvaluation in the current market.

Compared to the nearby listings

Price:$3.66M vs avg $2.30M (+$1,359,500)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 was built in 2019, making it only 5 years old, which immediately qualifies it for an 'Excellent' rating. The listing explicitly states 'over $750,000 in luxury upgrades,' including a 'gourmet chef’s kitchen with custom cabinetry & high-end appliances' and 'spa-inspired bathrooms.' The images confirm these claims, showcasing modern, high-end finishes throughout, including large format tile flooring, contemporary light fixtures, and a meticulously designed outdoor living space with an outdoor kitchen and fire pit. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
2019
Close
-
List price
$3.66M
Original List price
$3.66M
Price/Sqft
$1,211
HOA
$183
Days on market
-
Sold On
-
MLS number
PW25133629
Home ConditionExcellent
Features
Excellent 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 $3,659,000! 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 was built in 2019, making it only 5 years old, which immediately qualifies it for an 'Excellent' rating. The listing explicitly states 'over $750,000 in luxury upgrades,' including a 'gourmet chef’s kitchen with custom cabinetry & high-end appliances' and 'spa-inspired bathrooms.' The images confirm these claims, showcasing modern, high-end finishes throughout, including large format tile flooring, contemporary light fixtures, and a meticulously designed outdoor living space with an outdoor kitchen and fire pit. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Unbeatable Financing Advantage: The exclusive opportunity to assume a $1 million loan at a significantly below-market interest rate of 2.75% offers substantial monthly savings for a qualified buyer.
Extensive Luxury Upgrades: Over $750,000 invested in designer upgrades, including a gourmet chef's kitchen with high-end appliances and spa-inspired bathrooms, ensuring a premium living experience.
Prime Location with Scenic Views: Situated on a private premium lot in the highly sought-after Portola Springs, offering unobstructed hillside and trail views, enhancing privacy and aesthetic appeal.
Comprehensive Community Amenities: Residents benefit from resort-style community amenities such as multiple parks, pools, a spa, clubhouse, playgrounds, and various sports courts.
Excellent School District & Accessibility: Zoned for top-rated Irvine Unified Schools, including Portola High, and provides convenient access to major freeways, shopping, dining, and entertainment hubs.

Cons

Significant Price Discrepancy: The current listing price of $3,659,000 is considerably higher than the estimated property value of approximately $3,033,895, suggesting a potential overvaluation in the current market.
Recent Price Reduction: The recent price reduction, despite the current high asking price, may indicate challenges in attracting buyers at previous price points or a need for further market adjustment.
Relatively Modest Lot Size for Price Point: While a premium lot, the 4,770 sqft size might be considered less expansive by some buyers expecting larger grounds for a property in this luxury price bracket.

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