IRVINE: You Are Searching (Attached) Townhouse and Condominium Homes
Before you start your search here a few facts that are good to know
Some 44-percent of home listings are likely to include Mello Roos fees. Mello Roos is an additional tax on top of the base tax used to finance the development of new communities. It can add substantially to your monthly cost so be sure to look for this cost.
All attached homes have Home Owner Associations/Fees. The median association fee is $225 per month.
Approximately 50 percent of home sales in Irvine are homes built after 2000; a second group, 38-percent, were built between 1970 and 1990. These older homes were built in some of Irvine’s most innovative Villages, University Village is a case in point. The vast majority of older homes have been remodeled more than once.
Forty-four percent of the attached homes have two bedrooms, 39 percent three bedrooms. Only 7 percent have four bedrooms.
The prices of attached homes sold over the three month period between January and March 2014 shows the impact of the 15.7 percent price increase that took place over the similar period of 2013.
You are still going to find homes priced between $300,000 and $400,000 but far fewer than in 2013; there has been a large shift in sales into the $600,000 to $700,000 price range. Sales have also been strong in the $400,000 to $600,000 dollar range. Attached living is a lifestyle choice in Irvine, attached homes sell at prices up to and above $.1.5 million.
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