112 Ritual, Irvine, California 92618, Irvine, 92618 - 4 bed, 5 bath

112 Ritual, Irvine, California 92618 home-pic-0
ACTIVE$2,485,000$3,122/sqft
Est. Value: $2,496,963
%
FairlyEstimate
112 Ritual, Irvine, California 92618
4Beds
5Baths
3,122Sqft
3,681Lot

Price Vs. Estimate

The estimated value ($2,496,963.09) is $11,963.09 (0%) lower than the list price ($2,485,000). This property may be overpriced.

Key pros and cons

Top Pros:
Modern & Customized Home: Built in 2019 and described as a 'highly customized home,' it offers contemporary design, modern amenities, and a move-in ready condition.
Top Cons:
Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3681, living area = 3122.

Compared to the nearby listings

Price:$2.48M vs avg $2.27M (+$217,500)61%
Size:3,122 sqft vs avg 2,708 sqft68%
Price/sqft:$796 vs avg $83041%

More Insights

Built in 2019 (7 years old).
Condition: This property, built in 2019, is virtually new and features high-end, modern finishes throughout. The 'world-class kitchen' boasts stainless steel appliances, a 6-burner stove, and a large island with contemporary cabinetry and countertops. All bathrooms are updated with modern vanities, fixtures, and tile work, including a luxurious master bath with a soaking tub and glass-enclosed shower. The home exhibits new flooring, recessed lighting, and a fresh, clean aesthetic, indicating no deferred maintenance and meeting current quality standards.
Year Built
2019
Close
-
List price
$2.48M
Original List price
$2.48M
Price/Sqft
$796
HOA
$165
Days on market
-
Sold On
-
MLS number
OC26005692
Home ConditionExcellent
Features
Patio
View-

About this home

Welcome to your new private oasis in Portola Springs! This highly customized home features an attached downstairs bedroom with private en-suite bathroom. The oversized living room leads into the open kitchen and private dining area. World-class kitchen with stainless steel appliances, 6 burner stove, and separate griddle. The upstairs leads into a second living area perfect for entertainment and three additional bedrooms. The spacious master has a massive walk-in closet, bathtub, his and her sinks, and shower. The yard is designed to perfection with Japanese inspired finishes and lush landscaping, perfect for enjoying private gatherings and BBQs. The community is adjacent to hiking trails, proximate to world class shopping and entertainment options, the Great Park. Within the community are multiple parks, pools, trails, basketball courts, and much more!

A
Amy Chen
Listing Agent

Price History

Date
Event
Price
10/31/19
Sold
$1,329,000
06/21/19
Sold
$244,000
Condition Rating
Excellent

This property, built in 2019, is virtually new and features high-end, modern finishes throughout. The 'world-class kitchen' boasts stainless steel appliances, a 6-burner stove, and a large island with contemporary cabinetry and countertops. All bathrooms are updated with modern vanities, fixtures, and tile work, including a luxurious master bath with a soaking tub and glass-enclosed shower. The home exhibits new flooring, recessed lighting, and a fresh, clean aesthetic, indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Modern & Customized Home: Built in 2019 and described as a 'highly customized home,' it offers contemporary design, modern amenities, and a move-in ready condition.
Gourmet Kitchen: The property boasts a 'world-class kitchen with stainless steel appliances, 6 burner stove, and separate griddle,' appealing to culinary enthusiasts and entertainers.
Flexible Living Spaces: Features an 'attached downstairs bedroom with private en-suite bathroom' ideal for guests or multi-generational living, plus an 'upstairs second living area perfect for entertainment,' enhancing versatility.
Luxurious Master Suite: The 'spacious master has a massive walk-in closet, bathtub, his and her sinks, and shower,' providing a private and opulent retreat.
Exceptional Community & Location Amenities: Located in the desirable Portola Springs, the community offers 'multiple parks, pools, trails, basketball courts,' is adjacent to hiking, and proximate to 'world class shopping and entertainment options, the Great Park,' within the highly-rated Irvine Unified School District.

Cons

Low Available Lot Utilization: The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3681, living area = 3122.
Lack of Specific Views: The property explicitly states 'view: None,' which may be a drawback for buyers prioritizing scenic vistas in a premium Irvine location.
Compact Lot Size: With a lot size of 3681 sqft for a 3122 sqft home, the outdoor space is relatively limited, potentially not suiting buyers desiring a larger yard for extensive outdoor activities or gardening.
Ongoing Association Fees: The monthly association fee of $165.0, while contributing to community amenities, represents an additional recurring cost that buyers must factor into their budget.
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