Irvine: Quail Hill Overview
Median home price is $508,000. Based on a rental parity value of $580,000, 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 $342/SF to $329/SF.
Resale prices have been falling for 9 month(s). Price momentum suggests falling prices over the next three months.
Median rental rates declined $98 last month from $2,548 to $2,450.
Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months.
Market rating = 6
Proprietary Irvine Housing News home purchase analysis 
$1,088,000 …….. Asking Price
$985,000 ………. Purchase Price
11/24/2004 ………. Purchase Date
$103,000 ………. Gross Gain (Loss)
($78,800) ………… Commissions and Costs at 8%
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$24,200 ………. Net Gain (Loss)
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10.5% ………. Gross Percent Change
2.5% ………. Net Percent Change
1.3% ………… Annual Appreciation
Cost of Home Ownership
——————————————————————————
$1,088,000 …….. Asking Price
$217,600 ………… 20% Down Conventional
4.03% …………. Mortgage Interest Rate
30 ……………… Number of Years
$870,400 …….. Mortgage
$227,023 ………. Income Requirement
$4,170 ………… Monthly Mortgage Payment
$943 ………… Property Tax at 1.04%
$233 ………… Mello Roos & Special Taxes
$272 ………… Homeowners Insurance at 0.3%
$0 ………… Private Mortgage Insurance
$246 ………… Homeowners Association Fees
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$5,865 ………. Monthly Cash Outlays
($1,082) ………. Tax Savings
($1,247) ………. Equity Hidden in Payment
$306 ………….. Lost Income to Down Payment
$156 ………….. Maintenance and Replacement Reserves
============================================
$3,997 ………. Monthly Cost of Ownership
Cash Acquisition Demands
——————————————————————————
$12,380 ………… Furnishing and Move In at 1% + $1,500
$12,380 ………… Closing Costs at 1% + $1,500
$8,704 ………… Interest Points
$217,600 ………… Down Payment
============================================
$251,064 ………. Total Cash Costs
$61,200 ………. Emergency Cash Reserves
============================================
$312,264 ………. Total Savings Needed
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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 # S692201 from our database. Please check back soon.
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$740,000 17 CANOPY |
0.45 miles 3 bd / 2.5 ba 2,009 Sq. Ft. |
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$845,950 3 GLENOAKS |
1.46 miles 4 bd / 2.5 ba 2,750 Sq. Ft. |
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$799,000 17 GLENOAKS |
1.47 miles 4 bd / 2.5 ba 2,700 Sq. Ft. |
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$759,000 19 GLENOAKS |
1.48 miles 4 bd / 2.5 ba 2,300 Sq. Ft. |
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$839,000 9 BIRCHWOOD |
1.58 miles 4 bd / 2.5 ba 2,273 Sq. Ft. |
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$1,199,000 5 MORNING GLORY |
1.76 miles 3 bd / 2 ba 2,036 Sq. Ft. |
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$779,000 39 MIRADOR |
1.79 miles 2 bd / 2.5 ba 1,830 Sq. Ft. |
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$1,195,000 31 MORNING GLORY |
1.82 miles 3 bd / 2.75 ba 2,700 Sq. Ft. |
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$895,000 5 STARLIGHT |
1.93 miles 3 bd / 2 ba 1,973 Sq. Ft. |
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$929,000 12 HILLGRASS |
1.95 miles 3 bd / 2.5 ba 2,404 Sq. Ft. |
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