Irvine Housing Blog

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Investors Are Busy in Irvine’s Low-End Housing Market Posted: 09 May 2012 05:00 AM PDT It looks like investors have been busy in Irvine. Of the over 30 Irvine homes listed on Redfin as “Least Expensive,” over half are “Sale Pending.” In addition, many of the “Least Expensive” Irvine homes that are still available are in The Groves mobile park community. If you are in the market for an investment property or feel that a small, inexpensive home would suit you just fine, homes that are still available in Irvine’s lower-priced housing market are listed below. However, I have a feeling that you will need all cash to beat any others that might be interested—at least for the condos. But don’t let that stop you from inquiring if you are interested but lack the cash. As I mentioned, most of these homes that are still on the market are mobile homes. These homes are located in The Groves, which are in Northwood near Irvine Boulevard and Jeffery. The other low-end homes that are currently available are condos. These include 2 in Northwood, 2 in Orangetee, and 1 in Woodbridge. Since all these homes were built some time ago, none of these homes have Mello Roos taxes. 205 Springview • $130,000/$274 per month • Condo • 1 bed/1 bath—475 SF • $240/month HOA fee • No Mello Roos tax • Northwood (near Irvine Boulevard and Yale) 85 Lakepines Unit 8B • $180,000/$263 per square foot • Condo • 1 bed/1 bath—684 SF • $300/month HOA fee • No Mello Roos tax • Northwood (near Irvine Boulevard and Yale) 266 Tangelo • $159,900/$223 per square foot • Condo • 1 bed/1 bath—717 SF • $300/month HOA fee • No Mello Roos • Orangetree 4102 Apricot Dr. • $175,000/$198 per square foot • Condo • 1 bed/1 bath—882 SF • $372/month HOA fee • No Mello Roos • Orangetree 158 Echo Run #72 • $175,000/$245 per square foot • 1 bed/1 bath—715 SF • Condo • $366/month HOA fee • No Mello Roos • Woodbridge 5200 Irvine Blvd #78 • $159,000/$110 per square foot • Mobile Home, Stock Cooperative • 3 beds/1.75 baths • The Groves in Northwood (near Irvine Boulevard and Jeffery) Other homes available in The Groves Mobile Park are as follows. They are all 2 bedrooms and 1.75 baths. And prices range from $179,000 to $214,000. • 5200 Irvine Blvd #89 • 5200 Irvine Blvd #208 • 5200 Irvine Blvd #220 • 5200 Irvine Blvd #234 • 5200 Irvine Blvd #88 • 5200 Irvine Blvd #79 • 5200 Irvine Blvd #225 • 5200 Irvine Blvd #115 • 5200 Irvine Blvd #452

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