Quail Hill Homes – Irvine, CA

by vbindi on June 20, 2009

Quail Hill Irvine is a popular community within the city of  Irvine, Ca. located is the southwest section of Hwy 405 and Laguna Frwy.  This beautiful community comprises a wide variety of options from stately detached homes to garden courtyard condos. Construction of homes started in 2002 in this popular community and continues to this day.  Quail Hill comprises if 14 distinctive single family home and attached condominium tracts which are listed below:  

Tract Name Type Builder
AmbridgeCondosWm Lyon
CasalonCondosJohn Laing Homes
ChantillyDetached HomesWarmington
Ivy WreathCondosD.R. Horton
JasmineCondosShea Homes
Laurel Quail HillDetached HomesWm Lyon Homes
LindenDetached HomesWm Lyon Homes
OlivosDetached HomesCalifornia Pacific Homes
SageDetached HomesCalifornia Pacific
SandalwoodCondosStandard Pacific
SiennaDetached HomesStandard Pacific
SolticeDetached HomesPulte Homes
TapestryDetached HomesFieldstone
VicaraDetached HomesRichmond American

 

There are currently 14 Condos Active for sale in Quail Hill ranging in price from $399,900 for a 2 bedroom, 2 bath unit with 1,099 square feet, on up to a 4 bedroom, 3 bath, 1,900 Square Foot Condo for $750,000. The median price is $540,000 and the average days on market is 154 days.

There are 18 detached homes currently for sale in Quail Hill, Irvine. These homes range in price from $503,000 for a 2 bedroom, 2.5 bath, 1,030 Square Foot detached home, to a maximum of $2,695,000 for a 4 bedroom, 6 bath, 4,820 Square foot estate. The median price is $1,275,000 and the average days on market is 82 days, and the average price per square foot is $472/SqFt.

In the past 90 days, there were 9 condos that sold and closed escrow in Quail Hill. The minimum priced condominium sold was $430,000 for a 2 bedroom, 2.5 bath, 1,387 square foot condo, on up to $705,000 for a 4 bedroom, 3 bath, 2,014 square foot condominium.  The average days on market was 62 days, and the average price per square foot was $345/SqFt.   

In the past 3 months, there were 19 detached homes that have sold and closed escrow in Quail Hill, Irvine. These sold homes ranged in price from $450,000 for a 2 bedroom, 2.5 bath 1,145 Square Foot home, on up to $1,500,000 for a 4 bedroom, 3.5 bath, 4,150 square foot estate.  The average days on market was 64 days, and the average price per square foot was $394/SqFt. 

Quail Hill in Irvine is serviced by the respected Irvine Unified School district. The local elementary schools servicing the area are Alderwood at Quail Hill and Oak Creek. The middle school is Rancho San Joaquin, and the upper grades are serviced by University High School. Quail Hill has Mello Roos tax that ranges from about $1,400 to $3,100 per year dependent upon the home type and location.

If you would like to view all Condos or detached Homes listed for sale in Irvine, please visit our website at: Irvine Real Estate

Canyon Villas Condos for Sale, Aliso Viejo

by vbindi on June 20, 2009

The gated community of the Canyon Villas condos were built in 1992 and are located on Pacific Park, close to the intersection of Aliso Creek.    This condo tract includes a community pool, clubhouse and spa. There are 3 floor plans and each comes with a 1 car garage.

Currently there are 2 condos for sale.  One is a 1 bedroom, 1 bath unit with an askingprice of $249,000, and the other is a 2 bedroom, 2 bath condo for $285,000.

There are 3 Canyon Villas condos currently under contract in escrow.  They range in price from $205,000 up to $286,000.

In the past 3 months, there have been 3 closed sales in Canyon Villas in Aliso Viejo.  all of the 3 sales were the 1 bedroom, 1 bath plan, ranging in price from $205,000 to $240,000. 

To read about more details of  Canyon Villas, visit our previous post.  To view all the details of all Canyon Villas currently listed for sale, visit Canyon Villas – Aliso Viejo.    For a private viewing of the condos listed for sale, email us or call:  949-388-3396. 

Aliso Viejo Mello Roos Tax Q & A

by vbindi on June 20, 2009

Mello-Roos is a special tax that is imposed on Aliso Viejo real estate within a designated community. These Mello-Roos districts are created to raise public financing through the sale of bonds, for the purpose of paying for public improvements and services for that community. The services may include water lines, sewer treatment, drainage, streets, schools, electricity, parks, etc. The Mello Roos tax is used to pay for the bonds used to pay for these improvements.

The passage in 1978 of Proposition 13 restricted local governments ability to pay for capital facilities and services by increasing property taxes. In 1982, Senator Henry Mello and Assemblyman Mike Roos enacted the Community Facilities District (now called Mello-Roos) to provide local governments with an additional way to raise needed funds. Below are common questions and answers regarding Mello-Roos…

How much is Mello-Roos for Aliso Viejo Real Estate? It can vary from about $400 per year on up to about $2,500 per year dependent upon the community and the lot. A few home communities in Aliso Viejo have no Mello-Roos at all.

How do I estimate the Mello-Roos when buying a Home? During the Escrow process, the Seller will deliver a disclosure which will state in writing the exact amount of the Mello-Roos fee. You can also estimate the Mello-Roos prior to making an offer on a home. You take the quoted Tax Assessor yearly Tax amount, and subtract the Prop 13 portion of the tax from this amount. The Prop 13 Tax can be estimated by multiplying 1.15% times the previous sale price stated in the tax rolls. The remainder is a reasonable estimate of your yearly Mello-Roos payment.

How is the Mello-Roos Tax paid? The Mello-Roos is included in your normal tax bill which is billed to you twice per year.

Does the Mello-Roos tax go up when I sell my Home? No, unlike the Prop 13 portion of your property tax, the Mello-Roos portion of your property tax does not change when you sell your Aliso Viejo home. The MelloRoos tax can increase dependent upon the community facilities agreement by about 1% to 2% per year, but it does not have anything to do with the sale price of your home.

Can I deduct Mello-Roos payments from my Income Tax? Most Tax accountants are of the opinion that the Mello-Roos tax is not legitimate income tax deduction. Please consult with your Tax Advisor for final determination.

How long does the Mello-Roos tax stay in effect on my Home? Typically, the Mello-Roos assessment is written for about 15 to 25 years dependent on the community facilities district. Although, many of the districts have the right to renew the Mello-Roos tax if needed.

How do I compare the value of a Home with Mello-Roos against a Home without? Prior to making a decision to buy a home, here is a simple way to compare the total monthly cost of the home with Mello-Roos versus a home with no Mello-Roos. Say you are considering buying either a home in Aliso Viejo with yearly Mello-Roos payment of about $1,200, or possibly buying a home in say Mission Viejo with no Mello-Roos. To compare the prices of these homes, I take that $1,200 yearly Mell-Roos payment, divide by 12 for the monthly payment of $100. A $100 per month payment is approximately equal to a $20,000 mortgage in today’s interest rates. Therefore the home in Aliso Viejo is actually costing you about $20,000 more as compared to the home you’re considering in Mission Viejo. If the home in Aliso Viejo is still a bit more desirable at a comparative price $20,000 higher than the home in Mission Viejo, then buy it, if not, buy the home in Mission Viejo.

If you would like to view all homes listed for sale in the Aliso Viejo MLS, please visit our website: Aliso Viejo Real Estate

Real Estate for Sale in WestPark, Irvine

by vbindi on June 20, 2009

West Park Homes for Sale, Irvine

The homes in the West Park area of Irvine have been been popular since this community began. With easy freeway access to both Highway 5 and the 405 Freeway, excellant public schools, close proximity to University of California Irvine (UCI), numerous public parks and beautiful home and condo subdivisions, make this a very desirable community. Home construction began on 1969 and has continued for the past 3 decades with the last home being built in 1997.

There are currently 31 homes for sale in Westpark in Irvine. They range in price from $225,000 for a 1 bedroom, 1 bath, 639 square foot condo built in 1989, on up to $1,185,000 for a 5 bedroom, 4 bath, 3,450 square foot home.  The median price is $489,000, with the average price per square foot is $369/SqFt and the average days on marker is 96 days.

Currently, there are 27 homes and condos Pending in escrow in the West Park area of Irvine. These homes range in price from $239,000 for a 1 bedroom, 1 bath 850 square foot condo in the Tiempo tract, on up to $725,000 for a 4 bedroom, 3 bath , 2,130 square foot detached home built in 1997 in the Promenade tract.

In the past 30 days, there were 14 homes and condos that sold and closed escrow in West park in Irvine. These homes ranged in price from $373,000 for a 2 bedroom, 2 bath, 1,186 square foot condo built in 1996 in the Brio tract. The highest price was $917,000 for a 5 bedroom, 3.5 baths 2,801 square foot home built in 1989 in the Sorrento tract.

West Park is located in the prestigious Irvine Unified School District. The homes in this community are serviced by three Elementary schools which are Plaza Vista elementary, Culverdale elementary and Westpark elementary. The Intermediary school is Southlake Middle school and the High School is Woodbridge. West Park is located in central Irvine, and is bordered by the 405 Freeway, Jamboree, Culver and Irvine Center Dr.

To view all home for sale in Irvine, visit our website at Irvine Real Estate.