Irvine Housing Blog

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Bel-Aires of Northpark Square Posted: 04 Sep 2012 05:00 AM PDT Three Bel-Aire properties with similar floor plans are for sale in the Northpark Square area. Northpark Square is the tiny area between Irvine Boulevard and Bryan, and Culver and toll-way 261. They are a walking distance from Beckman High School and Hicks Canyon Elementary School, and around a mile from Orchard Hills Middle School. Not to be confused with Northpark which is a guard gated community, Northpark square is partially gated, and none of the Bel-Aire homes are gated. 8 Rosenblum, Irvine CA 92602 Listing Price: $988,000 Previous sale: $714,000 in 2003 Beds/ baths: 5 beds/ 3.5 baths SF Area: 3,511 Price/ SF: $281 Fixed Monthly Expenses: Mortgage, 30 YR Fixed at 3.625%: $3605 Home Owner’s Association Dues: $98 Annual Mello Roos + Special Assesments: $2,956 Annual Property Tax: $10,468 Monthly expenses: $4,821 49 Pacific Crest, Irvine CA 92602 Listing Price: $949,000 Previous sale: $623,000 in 2002 Beds/ baths: 6 beds/ 4.5 baths SF Area: 3,511 Price/ SF: $271 Fixed Monthly Expenses: Mortgage, 30 YR Fixed at 3.625%: $3466 Home Owner’s Association Dues: $98 Annual Mello Roos + Special Assesments: $2,956 Annual Property Tax: $10054 Monthly expenses: $4,648 11 Ravendale, Irvine C A 92602 Listing Price: $998,000 Previous sale: $597,500 in 2002 Beds/ baths: 5 beds/ 4 baths SF Area: 3,537 Price/ SF: $282 Fixed Monthly Expenses: Mortgage, 30 YR Fixed at 3.625%: $3641 Home Owner’s Association Dues: $98 Annual Mello Roos + Special Assesments: $2,956 Annual Property Tax: $10574 Monthly expenses: $4,866 Recent comparative summer sales: 21 Amargosa Sold for $836,000 in June 2012 for $238/SF. 28 Thorn Hill Sold for $935,000 in August 2012 for $266/SF. 12 Ravendale Sold for $945,000 in August 2012 for $319/SF. Which one would you buy? None of them back high traffic streets, all of them were built around the same time, all of them were owned by the same owner for the last decade, and all are maintained and upgraded to keep with the current trends. Recent sales trend shows a wide Price/SF range, but all three properties are priced within the highs and lows of the summer.

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