Irvine Housing Blog

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The Village and the Budget Posted: 10 Sep 2012 05:00 AM PDT You know you want to buy in Irvine, and you know how big of a house you want. But what you pay for the property, and what kind of property it will be depends on the village you will buy in. Today, I searched for a Single Family Residence between 2000 SF and 2250 SF in Irvine, on the other side of Freeway 5, away from the beach.  Here are the results: North Park: 15 River Oaks, Irvine CA 92602 Listing price: $859,000 Beds/ Bath: 3 Beds/ 2.5 Bath Area: 2,200 SF Lot Size: 5,076 Price/ SF: $390 Mortgage(3.625%): $3,134 HOA Dues: $217 Tax + Mello Roos: $12,119 Annually Tax+ Mello Roos Monthly: $1010 Monthly Cost of Owning in North Park: $4,361 Northwood: 34 Mount Vernon, Irvine CA 92620 Listing price: $815,000 Beds/ Bath: 4 Beds/ 2.5 Bath Area: 2,173 SF Lot Size: 3,000 Price/ SF: $375 Mortgage(3.625%): $2,973 HOA Dues: $133 Tax + Mello Roos: $10,706 Annually Tax+ Mello Roos Monthly: $892 Monthly Cost of Owning in Northwood: $3,998 Portola Springs: 95 Keepsake, Irvine CA 92618   Listing price: $625,000 Beds/ Bath: 4 Beds/ 3 Bath Area: 2,056 SF Lot Size: Not listed Price/ SF: $304 Mortgage(3.625%): $2,280 HOA Dues: $232 Tax + Mello Roos: $10,871 Annually Tax+ Mello Roos Monthly: $906 Monthly Cost of Owning in Portola Springs: $3,418 (I have a feeling this is a detached condominium, but the MLS says it’s a Single Family Residence) West Irvine: 9 Carriage Dr, Irvine CA 92602   Listing price: $735,000 Beds/ Bath: 4 Beds/ 2.5 Bath Area: 2,237 SF Lot Size: 3,740 SF Price/ SF: $329 Mortgage(3.625%): $2,682 HOA Dues: $0 Tax + Mello Roos: $9096 Annually Tax+ Mello Roos Monthly: $758 Monthly Cost of Owning in West Irvine: $3,440 Which one would you buy? Will the age of the home matter more, or the real estate conditions in the area? Do HOA Dues and Mello Roos influence your decision?

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