Irvine: El Camino Real Overview
Median home price is $420,000. Based on a rental parity value of $517,000, this market is under valued.
Monthly payment affordability has been improving over the last 10 month(s). Momentum suggests improving affordability.
Resale prices on a $/SF basis increased to $284/SF from $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.
Market rating = 6
Proprietary Irvine Housing News home purchase analysis 
4511 CHARLEVILLE Cir Irvine, CA 92604
$729,888 …….. Asking Price
$337,500 ………. Purchase Price
3/27/2002 ………. Purchase Date
$392,388 ………. Gross Gain (Loss)
($27,000) ………… Commissions and Costs at 8%
============================================
$365,388 ………. Net Gain (Loss)
============================================
116.3% ………. Gross Percent Change
108.3% ………. Net Percent Change
7.8% ………… Annual Appreciation
Cost of Home Ownership 
——————————————————————————
$729,888 …….. Asking Price
$145,978 ………… 20% Down Conventional
4.05% …………. Mortgage Interest Rate
30 ……………… Number of Years
$583,910 …….. Mortgage
$140,113 ………. Income Requirement
$2,805 ………… Monthly Mortgage Payment
$633 ………… Property Tax at 1.04%
$0 ………… Mello Roos & Special Taxes
$182 ………… Homeowners Insurance at 0.3%
$0 ………… Private Mortgage Insurance
$0 ………… Homeowners Association Fees
============================================
$3,620 ………. Monthly Cash Outlays
($651) ………. Tax Savings
($834) ………. Equity Hidden in Payment
$207 ………….. Lost Income to Down Payment
$202 ………….. Maintenance and Replacement Reserves
============================================
$2,544 ………. Monthly Cost of Ownership
Cash Acquisition Demands
——————————————————————————
$8,799 ………… Furnishing and Move In at 1% + $1,500
$8,799 ………… Closing Costs at 1% + $1,500
$5,839 ………… Interest Points
$145,978 ………… Down Payment
============================================
$169,414 ………. Total Cash Costs
$39,000 ………. Emergency Cash Reserves
============================================
$208,414 ………. 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 we couldn't find MLS # S692170 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
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