El Camino Real prices below $300/SF

Irvine: El Camino Real Overview

Median home price is $300,000. Based on a rental parity value of $517,214, this market is under valued.

Monthly payment affordability has been improving over the last 7 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $284/SF to $287/SF.

Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months.

Median rental rates declined $33 last month from $2,215 to $2,181.

Rents have been rising for 7 month(s). Price momentum suggests rising rents over the next three months.

Proprietary Irvine Housing News home purchase analysis

8 STAR THISTLE Irvine, CA 92604

$590,400 …….. Asking Price
$222,500 ………. Purchase Price
11/10/1997 ………. Purchase Date

$367,900 ………. Gross Gain (Loss)
($17,800) ………… Commissions and Costs at 8%
============================================
$350,100 ………. Net Gain (Loss)
============================================
165.3% ………. Gross Percent Change
157.3% ………. Net Percent Change
6.8% ………… Annual Appreciation

Cost of Home Ownership
——————————————————————————
$590,400 …….. Asking Price
$118,080 ………… 20% Down Conventional
3.88% …………. Mortgage Interest Rate
30 ……………… Number of Years
$472,320 …….. Mortgage
$117,548 ………. Income Requirement

$2,222 ………… Monthly Mortgage Payment
$512 ………… Property Tax at 1.04%
$0 ………… Mello Roos & Special Taxes
$148 ………… Homeowners Insurance at 0.3%
$0 ………… Private Mortgage Insurance
$155 ………… Homeowners Association Fees
============================================
$3,037 ………. Monthly Cash Outlays

($357) ………. Tax Savings
($695) ………. Equity Hidden in Payment
$156 ………….. Lost Income to Down Payment
$94 ………….. Maintenance and Replacement Reserves
============================================
$2,235 ………. Monthly Cost of Ownership

Cash Acquisition Demands
——————————————————————————
$7,404 ………… Furnishing and Move In at 1% + $1,500
$7,404 ………… Closing Costs at 1% + $1,500
$4,723 ………… Interest Points
$118,080 ………… Down Payment
============================================
$137,611 ………. Total Cash Costs
$34,200 ………. Emergency Cash Reserves
============================================
$171,811 ………. Total Savings Needed
——————————————————————————————————————————————-
This property is available for sale via the MLS.
Please contact Shevy Akason, #01836707
949.769.1599……
sales@ochousingnews.com…..

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We're sorry, but it seems that we're having some problems loading MLS # C12026171 from our database. Please check back soon.

	$542,000 6 FERN Cyn		0.1 miles 3 bd / 2.25 ba 1,899 Sq. Ft.
	$679,000 35 MORNING DOVE		0.43 miles 3 bd / 2.5 ba 1,943 Sq. Ft.
	$759,000 24 MEADOWGRASS		0.49 miles 4 bd / 2.25 ba 1,950 Sq. Ft.
	$595,000 33 SPARROWHAWK		0.62 miles 3 bd / 1.75 ba 1,545 Sq. Ft.
	$593,300 4651 South LOCKHAVEN Cir		0.65 miles 4 bd / 3 ba 2,000 Sq. Ft.
	$575,000 14961 DUSK St		0.67 miles 4 bd / 2.75 ba 1,808 Sq. Ft.
	$524,000 -		0.77 miles 3 bd / 2 ba 1,451 Sq. Ft.
	$635,000 14561 MANGO Ave		0.78 miles 4 bd / 2.5 ba 1,897 Sq. Ft.
	$668,000 1 ARGENT Cir		0.8 miles 4 bd / 2 ba 1,800 Sq. Ft.
	$679,900 12 DEL CARLO		0.84 miles 4 bd / 2.5 ba 1,960 Sq. Ft.

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