Monday, April 30, 2012

Home Architectural Design

Home Architectural Design


La Hilaria House by RDR Arquitectos

Posted: 30 Apr 2012 07:54 AM PDT

La Hilaria House by RDR Arquitectos in Punta del Este, Uruguay. The Hilaria House is a simple house and holiday weekends. Apart from the master bedroom is on the first floor of the home program is developed on the ground floor. It has a wing that houses two bedrooms, a bathroom and a full suite [...]

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Plak Residence by Propeller Z

Posted: 30 Apr 2012 07:21 AM PDT

The Plak Residence is contemporary house designed by Vienna-based studio Propeller Z in the western outskirts of Vienna, Austria.

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Irvine Housing Blog

Irvine Housing Blog

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$450,000 in 92602

Posted: 30 Apr 2012 05:00 AM PDT

Like the first child, buying the first house is also an emotional experience. Every penny in that down payment has a little back story. Every tour of the home has the buyer’s imagine their life in that house. Today, we will look at the inventory of starter homes in 92602, keeping the budget from $400,000 to $425,000. One is a short sale, and other two are standard sales.

5 Cabazon #19, Irvine CA 92602

Listing Price

$400,000

Beds/ bath

2 Beds/ 2 bath

Area

1663 SF

Price/ SF

$241

Down payment

$80,000

Monthly mortgage, assuming 20% down payment, and 30 YR Fixed at 3.875%

$1505 Monthly

Home Owner’s Dues

$225

Mello-Roos

$1284 Annually

Property Tax (1.0595%)

$4238 Annually

Monthly Property tax +Mello Roos

$460 Monthly

Fixed Cost of owning

$2190 Monthly

40 Chula Vista #107, Irvine CA 92602

Listing Price

$415,000

Beds/ bath

3 Beds/ 2.5 Baths

Area

1510 SF

Price/ SF

$275

Down payment

$83,000

Monthly mortgage, assuming 20% down payment, and 30 YR Fixed at 3.875%

$1561

Home Owner’s Dues

$352

Mello-Roos

$1311

Property Tax (1.0595 %)

$4397

Monthly Property tax +Mello Roos

$475

Fixed Cost of owning

$2388

41 Burlingame, Irvine CA 92602

Listing Price

$425,600

Beds/ bath

2 Beds/ 2.5 Bath

Area

1475 SF

Price/ SF

$289

Down payment

$85,120

Monthly mortgage, assuming 20% down payment, and 30 YR Fixed at 3.875%

$1601

Home Owner’s Dues

$358

Mello-Roos

$1388

Property Tax (1.0595%)

$4509

Monthly Property tax +Mello Roos

$491

Fixed Cost of owning

$2450 monthly

Here is how the monthly fixed costs of owning stack up:

5 Cabazon $2190
41 Chula Vista $2388
41 Burlingame $2450

Even though the listing price is around the same price, the mortgage is around the same amount, the property tax and home owner’s association dues vary. If you were to buy a starter home, or an investment property, which one would you buy? Of course floor plan comes first, but would a price difference in Mello Roos, Property tax and HOA dues impact your decision?

Also, a couple of months ago, there was a huge influx of $375,000-$450,000 condos in the West Irvine area. The inventory seems dry as of now. Does that mean the market has picked up for the condos in that area?

In April, 2012:
92 Topaz was sold for $350,000
163 Topaz was sold for $403,000
161 Topaz was sold for $390,000
103 Sapphire was sold for $375,000

But a quick listing scan on redfin shows no more ‘gems’ from the West Irvine area. What do you think? We will see them racing to the bottom again in the ‘Summer of 2012’?

Discuss below or on Talk Irvine.


Saturday, April 28, 2012

Home Architectural Design

Home Architectural Design


House in Beach Palabritas by Metropolis

Posted: 28 Apr 2012 02:41 AM PDT

The house is located on the first row of lots and was designed by Metropolis so that the architecture acted like a frame to the view of the beach and the islands that are found in front of the house. The esthetic of the house celebrates the summer with modern curves that remind us of [...]

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Irvine Housing Blog

Irvine Housing Blog

Link to Irvine Housing Blog

Closed Sales from 4/19/2012 to 4/25/2012

Posted: 27 Apr 2012 08:29 PM PDT

Date Sold Address Zip Tract Sold Price Beds Sq Ft
             
Airport Area            
4/19/12 2175 Scholarship 92612 Avenue One $321,000 2 1037
4/20/12 3054 Scholarship 92612 3000 The Plaza $570,000 2 1445
             
El Camino Real          
4/19/12 25 Orangetip 92604 Irvine Groves II $525,000 5 2300
4/20/12 10 Butterfield 92604 Deerfield Townhomes $345,000 3 1550
4/23/12 17 Butterfly 92604 Irvine Groves $455,000 4 1856
4/23/12 48 Goldenbush 92604 Deerfield Townhomes $450,000 3 1645
4/25/12 136 Oval Rd 92604 Walnut Square $205,000 2 905
             
Northpark            
4/23/12 44 Chula Vista 92602 Monterey $398,000 2 1345
4/24/12 604 Terra Bella 92602 Terra Bella $359,000 2 1343
             
Northwood            
4/19/12 115 Streamwood 92620 Irvine Springs $145,000 1 639
4/19/12 4051 Escudero Dr 92620 Racquet Club $620,000 4 2344
4/20/12 70 Monticello 92620 Peppermill Run $685,000 3 2306
4/20/12 108 Cartier Aisle 92620 Northwood Villas $390,000 3 1424
4/23/12 4 Carson 92620 Shady Hollow $740,000 4 2600
4/23/12 56 Middlebury Ln 92620 Carlyle at Lanes End $685,000 3 2225
4/24/12 20 W Delamesa 92620 Park Paseo $600,000 4 2088
4/24/12 3 Hermosa 92620 Windstream $800,000 4 2618
4/24/12 118 Remington 92620 Horizon $287,500 2 905
             
Oak Creek            
4/25/12 82 Millbrook 92618 Kelsey Lane $665,000 3 2100
4/25/12 305 Birch Grv 92618 Oak Park $258,900 1 900
             
Quail Hill            
4/23/12 314 Quail Ridge 92603 Ambridge $397,000 2 1099
             
Stonegate            
4/20/12 132 Coralwood 92618 Santa Rosa $348,000 1 1120
             
Turtle Ridge            
4/20/12 258 Coral Rose 92603 Ashton Green $380,000 2 1183
4/20/12 29 Wildland 92603 Arezzo $2,360,000 5 3800
4/24/12 29 Shady Ln 92603 Ledges $1,610,000 4 3500
             
Turtle Rock            
4/23/12 17 Bluff View 92603 Highlands Lusk $1,670,000 5 3250
             
University Park          
4/23/12 3 Chicory Way 92612 Village II $595,000 3 2268
4/24/12 9 Yellowwood Way 92612 Village II $520,000 4 1960
             
University Town Center          
4/20/12 375 Stanford Ct 92612 Princeton Townhomes $289,900 2 890
             
Walnut            
4/24/12 5 Iowa 92606 Revere $680,000 4 2200
4/24/12 3501 Pecan St 92606 College Park $580,000 4 1873
             
West Irvine            
4/20/12 23 Tioga 92602 Legacy $775,000 6 3700
4/21/12 17 Chandon Ct 92602 Andover $400,000 3 1368
4/23/12 18 Starwood 92602 Andover $390,000 3 1400
4/25/12 92 Topaz 92606 Mandeville $350,000 2 1500
4/25/12 43 Appleglen Dr 92602 Glen Willows $580,000 4 1900
4/25/12 53 Bellevue 92602 Sheridan Place $450,000 3 1569
             
Westpark            
4/20/12 8 Agostino 92614 Las Palmas $425,000 3 1610
4/23/12 12 Del Carlo 92606 Positano $670,000 4 1960
4/23/12 59 Finisterra 92614 Promenade $690,000 3 1799
4/23/12 1 Alicante Aisle 92614 Tiempo $300,000 2 1000
             
Woodbridge            
4/19/12 4 Southwind 92614 Lakeshore $703,000 2 1930
4/19/12 12 Creekwood 92604 Glen $422,000 2 1235
4/24/12 2 Cove 92604 Arborlake $590,000 3 2044
4/24/12 63 Sparrowhawk 92604 Patio Homes $639,000 3 1700
4/25/12 48 Havenwood 92614 Parkview $422,172 3 1520
4/25/12 8 Chardonnay  92614 Chateaux $342,200 1 1348
4/25/12 13 Soaring Hawk 92614 Summerfield $625,000 4 1879
             
Woodbury            
4/19/12 50 Concierto 92620 Lombard Court $435,000 3 1640
4/21/12 34 Hedge Bloom 92618 Ivy $430,000 3 1400
4/19/12 206 Mantle 92618 Santa Cruz $670,000 3 2027

Discuss at Talk Irvine.


Friday, April 27, 2012

Great Home Design, Architecture and Interior

Great Home Design, Architecture and Interior


Pearl Bookcase : Bookcase and Partition by Modloft

Posted: 26 Apr 2012 07:39 PM PDT

bookcase and partition

For avoiding double expense when we purchase furniture for our home. We have to smart to select the match furniture. Multifunction furniture is one of the best options to furnish our home since it has double function and we can save our budget. Bookcase and partition could be the sample. Beside for dividing large spaces to be smaller, it has others function for bookcase as the picture below. Pearl bookcases is the name of the furniture below and provided by Modloft the US furniture manufacturer. This collection very match of any kind rooms and made by Four fixed hardwood shelves with ladder-style steel chrome supports give the Pearl a light appearance. Clean, modern lines and open shelving allow this stunning piece to act as a natural partition between adjacent rooms in the home. So if you are planning to divide you large room to be smaller with awesome design and appearance, the Pearl Bookcase could be your reference.

bookcase and partition photos




Thursday, April 26, 2012

Home Architectural Design

Home Architectural Design


Under the Moonlight House by Giovanni D’Ambrosio Architecture

Posted: 26 Apr 2012 07:25 AM PDT

Giovanni D'Ambrosio designed the Under the Moonlight house in Mount Hotham, Australia. The Project tries to integrate itself in the site through use of materials that have been used before and that are part of local historical background. House's shape resembles typological archetypes used by country-men and cowboys that lived in the area. Stone, wood [...]

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Irvine Housing Blog

Irvine Housing Blog

Link to Irvine Housing Blog

Irvine Housing by the Numbers - April 2012 Update

Posted: 25 Apr 2012 05:00 AM PDT

Here is an updated list of the housing numbers for each of Irvine’s neighborhood.  Note that in most Irvine neighborhoods more homes sold in March than were sold in the previous two months. In particular, the Northpark, Woodbury, and Woodbridge neighborhoods stand out.

Area List Price/# Homes Listed Sold Price/# Homes Sold List Per SF Sold Per SF % Chg Y-O-Y Sold Price/SF
Airport/IBC           
Mar-12 $415K/45 $412K/16 $348 $346 11.60%
Feb-12 $392K/48 $330K/15 $337 $288 -11.70%
Jan-12 $374K/52 $327K/18 $332 $317 -17%
           
Columbus Grove n/a        
           
El Camino          
Mar-12 $546K/22 $468K/10 $329 $327 3.80%
Feb-12 $467K/26 $340K/5 $339 $281 -6.60%
Jan-12 $462K/28 $389K/6 $322 $267 -28.40%
           
Northpark          
Mar-12 $674K/50 $465K/36 $341 $281 -8.80%
Feb-12 $459K/74 $415K/13 $301 $280 -9.40%
Jan-12 $465K/91 $412K/19 $290 $277 -20.90%
           
Northwood          
Mar-12 $519K/61 $518K/20 $316 $301 -1.60%
Feb-12 $504K/66 $292K/13 $300 $287 -7.10%
Jan-12 $489K/78 $518K/17 $286 $292 -7.60%
           
Oak Creek          
Mar-12 $425K/27 $284K/14 $309 $292 -1.40%
Feb-12 $487K/26 $267K/13 $317 $267 -15.8
Jan-12 $350K/33 $249K/9 $308 $261 -20.40%
           
Orange Tree          
Mar-12 $245K/9 $189K/6 $253 $279 4.10%
Feb-12 $242K/6 $200K/6 $249 $230 -33.50%
Jan-12 $216K/12 $205K/5 $252 $249 -13.50%
           
Portola Springs          
Mar-12 $639K/25 $950K/5 $325 $320 11/9%
Feb-12 $641K/31 $510K/1 $317 $249 -12%
Jan-12 $623K/43 $570K/7 $321 $293 1.40%
           
Quail Hill           
Mar-12 $500K/21 $505K/9 $360 $317 -3.10%
Feb-12 $515K/21 $470k/6 $364 $307 -10.80%
Jan-12 $560K/20 $512K/8 $324 $326 -13.30%
           
Rancho San Joaquin        
Mar-12 $465K/5 $500K/2 $246 $296 n/a
Feb-12 $492K/6 $360K/1 $297 $336 n/a
Jan-12 n/a          
           
Shady Canyon          
Mar-12 $5,980K/21 $4,436K/4 $720 $657 28.80%
Feb-12 $5,995K/23 $3,200K/3 $725 $603 7.50%
Jan-12 $5,980K/23 $2,670K/5 $720 $534 24.20%
           
Turtle Ridge          
Mar-12 $1,899K/28 $1,500K/7 $550 $485 -8.30%
Feb-12 $1,899K/27 $955K/4 $527 $441 18.90%
Jan-12 $1,672K/32 $532K/4 $493 $355 -25.30%
           
Turtle Rock          
Mar-12 $967K/40 $690K/11 $448 $381 17.60%
Feb-12 $1,024K/38 $1,422K/4 $457 $559 14.30%
Jan-12 $974K/40 $545K/8 $458 $295 -14.20%
           
University Park           
Mar-12 $552K/14 $431K/6 $288 $305 -5.60%
Feb-12 $578K/14 $555K/4 $297 $286 9.60%
Jan-12 $595K/14 $420K/7 $289 $281 -10.80%
           
University Town Center        
Mar-12 $455K/7 $478K/4 $298 $321 1.90%
Feb-12 $347K/6 $384K/1 $342 $265 -19.50%
Jan-12 $467K/10 $480K/1 $330 $315 n/a
           
Walnut          
Mar-12 $619K/5 $635K/3 $327 $300 3.40%
Feb-12 $600K/5 $509K/3 $316 $310 -9.40%
Jan-12 $600K/11 $596K/4 $298 $259 -12.80%
           
West Irvine n/a        
           
Westpark          
Mar-12 $565K/17 $615K/10 $319 $331 -2.50%
Feb-12 $649K/21 $506K/6 $319 $361 21.50%
Jan-12 $552K/20 $695K/2 $331 $356 -11.20%
           
Woodbridge          
Mar-12 $494K/68 $345K/31 $339 $283 -9.30%
Feb-12 $459K/83 $399K/23 $328 $312 -4.90%
Jan-12 $435K/93 $402K/15 $317 $273 -6.20%
           
Woodbury           
Mar-12 $680K/35 $678K/21 $334 $289 0%
Feb-12 $650K/33 $419K/8 $330 $298 -4.70%
Jan-12 $611K/44 $460K/8 $314 $292 -16.80%

Source: Redfin.com

Discuss below or on Talk Irvine.


 
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