What a difference a Pointe makes...If you had $775,000 to spend on a home in Irvine and were debating between Northwood and Northwood Pointe, what would matter most to you? I did a quick search of homes sold in the Northwood and Northwood Pointe villages in Irvine and saw these two homes, similiar in size and price, but very different in age and features. Let's do a quick comparison.
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166 Alicante Aisle is a 2bd/2ba condo in the Tiempo tract in Westpark. Tiempo is bounded by the San Diego River Trail, Alton Parkway, Harvard Ave and San Marco Park. Click the picture below for a closer view. The streets in this tract are Alicante, Costero, Abrazio, Marbella and Giovanni.
There are a number of floorplans here and it looks like this property is a plan D. It looks like there is another Plan D listed currently at $389k: 132 Alicante. The only recent sale I found for a Plan D looks to be 164 Alicante which closed on 12/29/2011 for $300k. We'll use that price in the analysis.
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zovall: The post below is written by Michelle Jones
Hi, I’m Michelle! I’m originally from Sacramento, but I’ve been living in Newport Beach since 2001. Currently, my husband and I live on the edge of Newport Beach and Irvine, with our two dogs. Despite the fact that we are currently renters, we are both very interested in the real estate market, and house hunting. Our guilty pleasure is anything on HGTV. Currently, I work full time as an account manager for an internet company, and help with IHB in my spare time.
Today I’m going to review for you two homes that sold within the past three months for similar prices in the Westpark neighborhood of Irvine.
House 1: 22 Palermo, Irvine, CA 92614
Sold for $604,000 in October 2011
Beds: 3
Baths: 2.5
Sq. Ft: 1,787
$/Sq. Ft: $338
Lot Size: 5,751 Sq. Ft.
Property Type: Residential, Single Family
Style: Two Level, Mediterranean
Year Built: 1988
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28 Taquitz is a 3bd/3ba 1,826 sq. ft. attached condo in the Monticello tract in Northpark Square. Monticello is located across from Beckman High and is bounded by Bryan, Rubicon, Rosenblum, and Montellena. The streets inside Monticello are: Taquitz, Leucadia, Cosentino, Cabazon, and Idyllwild.
Monticella has 4 main floorplans:
Plan 1 - 2 Bed / 2 Bath 1211-1289 square feet
Plan 2 - 2 Bed / 2 Bath 1398 square feet
Plan 3 - 2 Bed / 2 Bath 1471-1663 square feet
Plan 4 - 3 Bed / 3 Bath 1826 square feet
28 Taquitz is a Plan 4 and is listed at $499,000
There is one other Plan 4 that is active and that is 27 Leucadia which is listed at $509,900.
And there is one Plan 4 that is Pending Sale: 9 Cabazon which is a short sale listed at $425,000.
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Jan 12th, 2012
by Wendy Larson
You’re ready to buy a house. You have $800,000 in your pocket (give or take), and you’re looking to purchase a place in either University Park or Turtle Rock in Irvine. Since the housing market took a dive, you figure $800K is going to get you into something decent. It’s a large chunk of change and a relatively big commitment, so you want to make sure you’re getting the best bang for your buck. So what exactly will $800K get you in Turtle Rock? The answer is: not much. University Park however, comes with a less expensive price tag—around a couple hundred thousand dollars cheaper. So what’s the difference and can I get a Turtle Rock house on a University Park budget? Well, let’s take a look.
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30 Danbury Lane is a 3bd/2.5ba 1,357 sq. ft. detached condo in the Cobblestone tract in the village of Oak Creek. Cobblestone is located at the corner of Jeffrey and Alton. There is one main street that forms a loop inside the tract and depending on where the home is in the loop, the street could be named Danbury, Cherrybrook, or Lantern Lane.
Cobblestone has 3 main floorplans:
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Plan 1 - 2 Bed / 2.5 Bath 1127 square feet
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Plan 2 - 3 Bed / 2.5 Bath 1340-1357 square feet
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Plan 3 - 3 Bed / 2.5 Bath 1490 square feet
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On Monday I received an email from a reader who wanted to see a comparison between the monthly cost of buying a home to that of renting the same basic home. In this post I'm going to look specifically at the Plan 3 homes in the Sage tract at Quail Hill. Sage is a detached condo tract and the Plan 3 is a 3 bedroom, 2.5 bath, 1275 square foot home with an attached 2 car garage and a small private patio. These same, basically exact detached condo floorplans are also found in other villages in Irvine and in the future I may take a look at how pricing differs for the same plan across villages. Today, we'll see what it might cost to buy and rent a Sage Plan 3.
Currently, there are two Plan 3s for sale on the market:
103 Windchime at $529,000 - Listed on 1/2/2012
68 Duet at $450,000 (Short Sale) - Listed 6/20/2011
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