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

home-pic
ACTIVE$3,690,000
109 Ritual, Irvine, California 92618
4Beds
4Baths
3,021Sqft
4,770Lot
Year Built
2019
Close
-
List price
$3.69M
Original List price
$4.1M
Price/Sqft
-
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.

Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (115 Listings)
Beds44
50%
Baths44
50%
Square foot3,0212,779
66%
Lot Size4,7704,415
56%
Price$3.69M$2.3M
90%
Price per square foot$1,221$856.5
97%
Built year201910101010
48%
HOA$183$240
22%
Days on market244167
81%
Condition Rating
Excellent

The property was built in 2019 and has undergone significant designer upgrades. The kitchen features custom cabinetry and high-end appliances, while the bathrooms are spa-inspired. The overall condition appears to be virtually new, meeting current quality standards with minimal physical depreciation.
Pros & Cons

Pros

Exceptional Financing: The assumable $1 million loan at a 2.75% interest rate offers significant savings compared to current market rates, making the property highly attractive to qualified buyers.
Luxury Upgrades: Over $750,000 in designer upgrades elevate the living experience, providing a move-in ready, high-end home.
Premium Lot & Views: The property is situated on a private premium lot with direct access to scenic trails and unobstructed hillside views, enhancing privacy and outdoor enjoyment.
Top-Rated Schools: Zoned for Irvine Unified Schools, including Portola High, a highly desirable feature for families with school-aged children.
Community Amenities: Access to resort-style amenities such as parks, pools, spa, clubhouse, playgrounds, and sports courts provides a rich and active lifestyle.

Cons

High Price Point: The list price of $3,690,000 may limit the pool of potential buyers, even with the price reduction.
Association Fee: The monthly association fee of $183 adds to the overall cost of ownership.
Market Dependency on Loan Assumption: The primary selling point relies heavily on the buyer's ability to qualify for and assume the existing loan; if this falls through, the property may be less attractive.

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