Mediterranean home in Irvine, CA
This 6,029-square-foot Mediterranean home in Irvine, CA includes 5 bedrooms and 6 bathrooms. The Mediterranean styling carries through the home's design.
| Price | $6,888,800 |
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| Beds | 5 |
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| Baths | 6 |
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| Sqft | 6029 |
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| Architectural style | Mediterranean (49% match) |
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| Address | 116 Knob Crk, Irvine, CA 92602 |
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Why buy this home
- Confirmed Mediterranean architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced below comparable homes.
- At $6.9M, this home is 138% above the $2.9M median for 120 similar Mediterranean homes in Irvine, CA.
- That works out to $1143 per square foot, 29% above the $885 comparable rate.
- On the market 208 days, which is a long time; sellers are often flexible at this point.
- The asking price has already been cut about 1%, a sign the seller is motivated.
| This home | $6,888,800 |
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| Mediterranean median in Irvine, CA | $2,900,000 (120 homes) |
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| Price per sq ft | $1,143 vs. $885 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $47,179/month with 20% down at a 7.28% 30-year fixed rate. You would need about $2,021,971 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $37,707/mo |
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| Property tax (new-buyer reassessed rate) | $6,889/mo |
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| Homeowners insurance | $2,583/mo |
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| Total monthly | $47,179/mo |
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| Down payment (20%) | $1,377,760 |
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| Income needed | $2,021,971/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (74 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B (74/100) |
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| Beats renting in | 32% of modeled paths |
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| Modeled 5-yr equity (median) | $4,211,570 |
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| Range (10th to 90th pct) | $2,713,397 to $5,990,088 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
View this home on Zillow