For SaleRisky Deal29 days on market
253 Novel
253 Novel, Irvine, CA 92618, Irvine, CA 92618
$1,299,999
Estimate®:$1,274,900
Listing Price
253 Novel, Irvine, CA 92618
Loc: Irvine, CA
Days Listed
29
Tax Assessed
$1405k
Estimate®
$1275k
Market Rate
Lot Size
0.73 acres
Rent Estimate
$5,459/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
10
Beacon Park K-8 School
K-8
0.3 mi away
10
Portola High
9-12
2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
modernminimalistopen conceptkitchen islandbar seatingwhite cabinetrystainless steel applianceshardwood flooringstaircasecontemporarybrightspaciousindoor plantnatural light
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.47%
Total ROI
12.5%
Cash Flow
$-4,070/mo
DSCR
0.40
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-4,070/mo net cash flow with a 2.5% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Irvine, CA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-26 | Listed for sale | $1,299,999 | $643 |
| 2023-07-31 | Sold | $1,350,000 | $668 |
| 2023-07-23 | Pending sale | $1,399,000 | $692 |
| 2023-06-16 | Contingent | $1,399,000 | $692 |
| 2023-05-31 | Listed for sale | $1,399,000 | $692 |
| 2022-03-14 | Sold | $980,500 | $485 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $1,404,540 |
| 2025 | $20,558 | $1,377,000 |
| 2024 | $20,154 | $1,350,000 |
| 2023 | $16,321.54 | $1,000,059 |
| 2022 | $17,565.33 | $599,991 |
| 2021 | $3,940.56 | $367,036 |
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