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18831 Tabor Dr, Irvine: The best real estate deal Turtle Rock has seen in 8 years!

June 07, 2011 yourocagent No comments

18831 Tabor, Irvine. The best Turtle Rock, Irvine real estate deal in 8 years.

NOVEMBER 2003! Outside of this home, November 2003 is how far back I had to look before finding a detached single family residence over 3000 sqft in Turtle Rock that sold on the MLS for under $1,000,000 – and this is not a short sale or bank owned. Seller has equity!

This beautifully remodeled Broadmoor residence began as a single story home with 4 bedrooms on the ground floor before a permitted addition upstairs added a fifth bedroom, full bathroom, and amazing bonus room that could be used as anything from game room to 6th bedroom.

The most recent round of renovations upgraded and opened up the kitchen to the dining and living area and added a center island. With Scraped ceilings, recessed lighting,

Irvine Foreclosure Listings – 25 Most Recent

March 12, 2011 yourocagent No comments

Irvine Real Estate Foreclosures and Bank Owned Homes for sale (REOs) have been a hot topic lately. Clients have asked if there’s an easy place to track them as they come available. This post will update itself automatically with the 25 most recent Irvine foreclosure listings.

If there’s a particular type of automatically updating Orange County real estate list you would like to see, leave a comment or drop me an email and we will create it.

Showing properties 1 - 25 of 49. See more Recent Irvine Foreclosure Listings.
(all data current as of 1/27/2012)

$280,700 : 133 DANBROOK, Irvine

1 bed, 1 full bath

Home size: 822 sq ft
$710,000 : 8125 Scholarship, Irvine

2 beds, 1 full, 1 part baths

Home size: 1,675 sq ft
$399,900 : 518 Timberwood, Irvine

2 beds, 2 full, 1 part baths

Home size: 1,267 sq ft
$564,900 : 7 Acacia Tree Ln, Irvine

4 beds, 2 full, 1 part baths

Home size: 2,200 sq ft

Lot size: 3,000 sq ft
$359,900 : 8 Chardonnay 16, Irvine

1 bed, 1 full, 1 part baths

Home size: 1,348 sq ft
$475,000 : 73 Mission, Irvine

2 beds, 2 full, 1 part baths

Home size: 1,850 sq ft
$495,900 : 35 Stepping Stone, Irvine

3 beds, 3 full baths

Home size: 1,592 sq ft
$222,000 : 7306 Apricot Drive #7306, Irvine

2 beds, 2 full baths

Home size: 926 sq ft

Lot size: 8.08 ac
$215,000 : 3118 Watermarke Pl, Irvine

1 bed, 1 full bath

Home size: 635 sq ft
$1,099,000 : 20 Gray Dove, Irvine

4 beds, 3 full, 2 part baths

Home size: 3,383 sq ft

Lot size: 7,106 sq ft
$119,000 : 203 Springview, Irvine

0 beds, 1 full bath

Home size: 471 sq ft
$215,900 : 2415 Watermarke Pl, Irvine

1 bed, 1 full bath

Home size: 635 sq ft
$199,900 : 4114 Apricot Dr, Irvine

1 bed, 1 full bath

Home size: 900 sq ft
$430,000 : 208 Coral Rose, Irvine

2 beds, 2 full, 1 part baths

Home size: 1,398 sq ft
$475,000 : 14931 Piper Cir, Irvine

3 beds, 1 full, 1 part baths

Home size: 1,492 sq ft

Lot size: 5,904 sq ft
$494,500 : 37 Iceberg Rose, Irvine

3 beds, 2 full, 1 part baths

Home size: 1,745 sq ft
$419,900 : 65 Sapphire, Irvine

3 beds, 2 full, 1 part baths

Home size: 1,500 sq ft
$165,000 : 126 Streamwood, Irvine

1 bed, 1 full bath

Home size: 639 sq ft
$419,000 : 1405 Abelia, Irvine

3 beds, 2 full, 2 part baths

Home size: 1,669 sq ft

Lot size: 1,700 sq ft
$489,900 : 71 Stepping Stone, Irvine

3 beds, 3 full baths

Home size: 1,582 sq ft
$216,900 : 2220 Watermarke Pl, Irvine

1 bed, 1 full bath

Home size: 635 sq ft
$639,900 : 53 Del Cambrea, Irvine

3 beds, 2 full, 1 part baths

Home size: 1,683 sq ft

Lot size: 2,883 sq ft
$595,000 : 2 Pearleaf, Irvine

3 beds, 3 full baths

Home size: 1,750 sq ft
$492,900 : 40 Spring Vly, Irvine

3 beds, 3 full baths

Home size: 1,821 sq ft
$594,900 : 6 Del Vincente, Irvine

3 beds, 3 full baths

Home size: 1,350 sq ft

Lot size: 3,031 sq ft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

A Simple Weekend Project To Add Value To Your Orange County Property

February 25, 2011 yourocagent No comments

Many home renovations are expensive money sinks that, by the time you’re finished, add little more value than what you’ve invested. But painting your home’s interior is one of the easiest and least expensive ways to give your piece of Orange County Real Estate a little more “wow.”

Self painting costs very little and can be knocked out in a weekend or two. It can also be a great bonding moment for the family. Put a paintbrush in the hands of an cover-all clad 7 year old and watch their face light up. Just be sure you masked off the area before turning them loose.

Irvine Housing Prices Chart

February 15, 2011 yourocagent No comments

I’ll never be confused for a high level economist. But my command over 5th grade mathematics is masterful. I can add and divide using a calculator better than most people I know.

Self deprecating humor aside, when I hear reports about the housing market on the news, they always speak in the broadest terms. “New home sales have declined X percent nationwide. Foreclosures are up X percent over last month.” As a buyer or seller of Orange County real estate, how can you apply that information in a meaningful way? Yeah, I’m not sure either…

I wanted to better understand housing market changes on the city level. So I decided to choose a city, choose a house type (3 bedroom, detached homes), and chart the average price per square foot based on 3 month comparable sales. Here’s the logic: if you decide to sell your home, the price will be determined by the sale of similar homes in the last 3 months. So if an appraiser came to your home on January 31st, he would be looking at sales that closed in the months of January, December, and November.
When you look at the chart, the number shown for a particular month is the average price per square foot of all the comparable 3 month sales. Let’s look at Irvine:

irvine real estate prices chart

Here, you can see the last 2 years of sales, along with June 2006, which I included as its $469/sqft is right round the peak of the market. Over this period the average ppsf has fluctuated between $357 and $400. This also shows the seasonal midsummer price bump we’ve come to expect as most people prefer to move in the summer time before the traditional school year begins.

So there it is. Granted, it’s by no means a perfect system. A few multimillion dollar home sales, or a significant drop in the total number of homes sold in a given month could skew the numbers quite a bit. But I do think there is some real world application to the data. If nothing else, it reminds me that these grand, nation wide figures we hear in the media don’t tell much of a story. In much the same way, these city figures are still too broad.

For those considering an Orange County purchase or sale, consult with a professional real estate agent to focus on pricing in your local neighborhood and on houses that are the most comparable to your property or the property you’re looking for. If you aren’t already working with an Orange County real estate agent…well, let’s just say I know someone waiting to dazzle you with his tireless work ethic and above average calculator skills.

-Brian Donlyuk

Why Orange County Condo Purchases May Require Higher Down Payments

February 10, 2011 yourocagent No comments

FHA financing has been a popular financing choice for first time buyers of Orange County condos. While an FHA loan carries higher closing costs than other loans, they allow buyers to purchase with a down payment of as little as 3.5%.

However, new rules have been implemented disqualifying many Orange County condominium communities from FHA financing.

No more than 25% of a property’s total floor area in a project can be used for commercial purposes (live/work condos and “urban living” communities with retail shops on the bottom floor may not qualify).
No more than 10% of the units can be owned by one investor. This includes projects where builders rent unsold units.
No more than 15% of the total units in the community can be 30+ days delinquent on HOA dues (communities with a lot of short sales and foreclosures often also have HOA dues in arrears)
In new construction, 50% of a community’s units must be sold before endorsement of the mortgage.
At least 50% of the units in a community must be owner occupied or sold to owners who intend to occupy.
FHA will not insure more than 50% of any one condo project.

These changes mark a tightening of the FHA belt. With some buyers no longer able to buy the home of their choice with FHA financing, buyers with larger down payments are at more of a premium.

-Brian Donlyuk

Renting – Apartments or Privately Owned Rentals

February 01, 2011 yourocagent No comments

When making the decision on whether to rent from an apartment community or private owner, there are a few subtle differences to consider.

ORANGE COUNTY PRIVATE RENTALS
Private rentals are homes or condos owned by individuals who, rather than living in the homes themselves, have decided to rent them to the public. The owners may act as landlords, collecting rent and dealing with maintenance issues on their own, or they may hire a 3rd party management company to handle day to day tasks for them.

There are some nice advantages to renting a privately owned home or condo. In general, these homes are less expensive from a dollars per square foot perspective. They also tend to be less densely occupied than apartment communities, where homes are often stacked four high with shared walls on 2 sides. Many private homes have their own pool, yard (typically maintained by professionals), attached garage or other unique features that many apartment communities just can’t provide.

2 New Laws Orange County Property Owners Need To Know

January 28, 2011 yourocagent No comments

We strive to keep our real estate clients and potential clients informed on the latest industry news. We are real estate professionals, not lawyers or tax professionals. The following information should not be construed as tax or legal advice.

Carbon Monoxide Detectors

HOMES NEED CO DETECTORS BY JULY 1, 2011. California passed SB183 in 2010 requiring installation of carbon monoxide detectors in existing homes that have fossil fuel burning appliances, ﬁreplaces, or attached garages by July 1, 2011. All other homes have until January 1, 2013 to comply.

We recommend installing one CO detector on each living ﬂoor, out of the reach of children. All CBPP Property Management clients will have detectors installed by our maintenance crew prior to the July deadline.

New IRS Requirement

LANDLORDS REQUIRED TO 1099 VENDORS AND SERVICE PROVIDERS. The Small Business Jobs Act, passed in late 2010 requires all owners of rental property to issue a 1099 to all service providers who are unincorporated and receive at least $600 in compensation for the year. Failure to report the payments made to a gardener, plumber, handyman, pool guy, etc. could lead to stiff ﬁnes and penalties. It’s also believed that, in the event of an audit, the IRS may invalidate any deductions an owner failed to report via 1099.

The good news for our clients is we have conducted this type of reporting for years. For landlords who self manage their properties, this requirement could be a paperwork and reporting nightmare as they now have to collect tax ids and report 2011 payments.

-Brian Donlyuk

Aliso Viejo 2 Bedroom Condo Special

January 24, 2011 yourocagent No comments

Recently, this amazing two bedroom condo we manage in Aliso Viejo came available after our previous tenant bought a house. The listing description is below:

This turnkey home in the prestigious Canyon Point community has a great open and spacious floor plan. It is highly upgraded with Brand New high quality Emperor Garden pattern carpet, crown moldings, custom paint, and much much more. It is a corner unit in a quiet cul-de-sac location, ready for move right in. No one above and one common wall.

Your Orange County Real Estate Agent

Representing sellers, buyers, and renters of Orange County Real Estate

18831 Tabor Dr, Irvine: The best real estate deal Turtle Rock has seen in 8 years!

Irvine Foreclosure Listings – 25 Most Recent

A Simple Weekend Project To Add Value To Your Orange County Property

Irvine Housing Prices Chart

Why Orange County Condo Purchases May Require Higher Down Payments

Renting – Apartments or Privately Owned Rentals

2 New Laws Orange County Property Owners Need To Know

Aliso Viejo 2 Bedroom Condo Special

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18831 Tabor Dr, Irvine: The best real estate deal Turtle Rock has seen in 8 years!

Irvine Foreclosure Listings – 25 Most Recent

A Simple Weekend Project To Add Value To Your Orange County Property

How To Make The 2011 Academy Awards More Interesting

Irvine Housing Prices Chart

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