Irvine: Orangetree Overview
Median home price is $181,000. Based on a rental parity value of $318,000, this market is under valued.
Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability.
Resale prices on a $/SF basis declined from $256/SF to $245/SF.
Resale prices have been falling for 11 month(s). Price momentum suggests falling prices over the next three months.
Median rental rates declined $58 last month from $1,400 to $1,341.
Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months.
Market rating = 10
Proprietary Irvine Housing News home purchase analysis 
102 TERRA BELLA Irvine, CA 92602
$425,000 …….. Asking Price
$504,000 ………. Purchase Price
1/13/2006 ………. Purchase Date
($79,000) ………. Gross Gain (Loss)
($40,320) ………… Commissions and Costs at 8%
============================================
($119,320) ………. Net Gain (Loss)
============================================
-15.7% ………. Gross Percent Change
-23.7% ………. Net Percent Change
-2.6% ………… Annual Appreciation
Cost of Home Ownership
——————————————————————————
$425,000 …….. Asking Price
$14,875 ………… 3.5% Down FHA Financing
3.88% …………. Mortgage Interest Rate
30 ……………… Number of Years
$410,125 …….. Mortgage
$129,156 ………. Income Requirement
$1,930 ………… Monthly Mortgage Payment
$368 ………… Property Tax at 1.04%
$100 ………… Mello Roos & Special Taxes
$106 ………… Homeowners Insurance at 0.3%
$427 ………… Private Mortgage Insurance
$405 ………… Homeowners Association Fees
============================================
$3,337 ………. Monthly Cash Outlays
($297) ………. Tax Savings
($604) ………. Equity Hidden in Payment
$20 ………….. Lost Income to Down Payment
$73 ………….. Maintenance and Replacement Reserves
============================================
$2,529 ………. Monthly Cost of Ownership
Cash Acquisition Demands
——————————————————————————
$5,750 ………… Furnishing and Move In at 1% + $1,500
$5,750 ………… Closing Costs at 1% + $1,500
$4,101 ………… Interest Points
$14,875 ………… Down Payment
============================================
$30,476 ………. Total Cash Costs
$38,700 ………. Emergency Cash Reserves
============================================
$69,176 ………. Total Savings Needed
——————————————————————————————————————————————-
This property is available for sale via the MLS.
Please contact Shevy Akason, #01836707
949.769.1599……
sales@ochousingnews.com…..
We're sorry, but it seems that we're having some problems loading MLS # S694861 from our database. Please check back soon.
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$258,000 405 TANGELO |
0 miles 2 bd / 1.75 ba 1,051 Sq. Ft. |
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$175,000 4102 APRICOT Dr #4102 |
0 miles 1 bd / 1 ba 882 Sq. Ft. |
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$309,999 328 LEMON Grv |
0 miles 2 bd / 2.25 ba 1,154 Sq. Ft. |
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$315,000 346 LEMON Grv |
0 miles 2 bd / 2.25 ba 1,154 Sq. Ft. |
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$259,000 293 TAROCCO |
0.32 miles 2 bd / 1.75 ba 995 Sq. Ft. |
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$525,000 72 ALEVERA St |
0.32 miles 4 bd / 2.5 ba 1,500 Sq. Ft. |
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$347,827 3310 ASPEN GROVE Rd |
0.35 miles 2 bd / 2.5 ba 1,200 Sq. Ft. |
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$439,900 1501 ELK Grv |
0.38 miles 3 bd / 3 ba 1,360 Sq. Ft. |
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$295,000 165 BRIARWOOD |
0.69 miles 3 bd / 1 ba 1,150 Sq. Ft. |
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$259,000 187 BRIARWOOD |
0.69 miles 2 bd / 1 ba 921 Sq. Ft. |
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See the enormous foreclosure pipeline for yourself below. Enter location and press search. Scroll through list by pressing "next."
We provide detailed information on any property.
5,591,000 mortgages are delinquent
Mortgage delinquencies fell back on both a monthly and annual basis in March, according to preliminary market data released by Lender Processing Services (LPS) for the month.
The company’s estimation puts the national delinquency rate – measured as 30 or more days past due but not in foreclosure – at 7.09 percent.
That’s down 6.3 percent from the previous month, an 8.8 percent drop from March 2011, and is the first time since
2006 that the delinquency rate has come in lower by both measurements, according to LPS.
The nationwide foreclosure rate stands at 4.14 percent by LPS’ assessment – up just barely one-tenths of a percentage point from February and down 1.6 percent from a year earlier.
LPS reports that there are 2,060,000 properties that comprise the nation’s foreclosure inventory.
Another 3,531,000 have missed at least one mortgage payment but haven’t made it as far as foreclosure yet. Of those, 1,643,000 are behind by three or more payments and will likely join the foreclosure inventory soon.
Altogether, the numbers equate to 5,591,000 mortgaged properties that are in arrears.
According to LPS’ report, the states with the highest percentage of non-current loans in March – including 30-plus days delinquent and in foreclosure – were Florida, Mississippi, Nevada, New Jersey, and Illinois.
States with the lowest percentage of non-current loans for the month included Montana, Alaska, South Dakota, Wyoming, and North Dakota.