Posted: 25 Jun 2012 08:15 AM PDT
Is it enough if a school has a API rank of 10, or do growth scores govern the home prices of the school’s boundaries? Today we look at two properties in two different villages of Irvine. Both have API 10 schools, but one has better growth rate than the other. Both properties have a good walk score to the assigned schools. But for the same listing price, one of them has listed a single family home with four bedrooms and the other one is a detached condominium with three bedrooms.
Listing Price: $699,800
Jun 04, 2012 Price Changed $699,800
Monthly Fixed Expenses: $3,635
In the North Park area, there were 53 homes for sale in May 2012, with a median list price of $799,000 ($321/SF). The most expensive property on the market in North Park is 39 Vacaville at $1,499,000. The least expensive property on the market is 305 Terra Bella at $315,000. Even though the house comes under Tustin Unified School District, it has excellent schools.
Orchard Hills (Middle School 5-7 for 2011, K-8 planned)
Arnold Beckman High School (9-12)
Listing Price: $685,000
Apr 19, 2012 Listed (Active) $685,000
Monthly Fixed Expenses: $3,429
In the Northwood area, there were 103 homes for sale with a median list price of $739,000 ($333/SF). The most expensive property for sale in this zip code is 75 New Dawn at $1,829,000, and the least expensive property is 2118 Timberwood at $265,000. Northwood homes also have the best Irvine schools. Irvine School District recommends calling the district office to confirm the schools, but these are the tentatively assigned schools for the property.
Canyon View Elementary
Sierra Vista Middle School
Northwood High School
Which one would you buy?
Discuss below or on Talk Irvine.
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