IHB News 12-25-2010

Wishing you a merry Christmas and a happy new year.

Irvine Home Address … 30 LYNNFIELD Irvine, CA 92620

Resale Home Price …… $1,079,000

Irvine Home Address … 30 LYNNFIELD Irvine, CA 92620

Resale Home Price … $1,079,000

Home Purchase Price … $970,000

Home Purchase Date …. 5/11/2005

Net Gain (Loss) ………. $44,260

Percent Change ………. 4.6%

Annual Appreciation … 1.9%

Cost of Ownership

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$1,079,000 ………. Asking Price

$215,800 ………. 20% Down Conventional

4.87% …………… Mortgage Interest Rate

$863,200 ………. 30-Year Mortgage

$220,123 ………. Income Requirement

$4,566 ………. Monthly Mortgage Payment

$935 ………. Property Tax

$175 ………. Special Taxes and Levies (Mello Roos)

$180 ………. Homeowners Insurance

$146 ………. Homeowners Association Fees

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$6,001 ………. Monthly Cash Outlays

-$1243 ………. Tax Savings (% of Interest and Property Tax)

-$1062 ………. Equity Hidden in Payment

$404 ………. Lost Income to Down Payment (net of taxes)

$135 ………. Maintenance and Replacement Reserves

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$4,235 ………. Monthly Cost of Ownership

Cash Acquisition Demands

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$10,790 ………. Furnishing and Move In @1%

$10,790 ………. Closing Costs @1%

$8,632 ………… Interest Points @1% of Loan

$215,800 ………. Down Payment

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$246,012 ………. Total Cash Costs

$64,900 ………… Emergency Cash Reserves

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$310,912 ………. Total Savings Needed

Property Details for 30 LYNNFIELD Irvine, CA 92620

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Beds: 4

Baths: 2 full 1 part baths

Home size: 2,630 sq ft

($410 / sq ft)

Lot Size: 5,000 sq ft

Year Built: 2000

Days on Market: 34

Listing Updated: 40525

MLS Number: S639157

Property Type: Single Family, Residential

Community: Northwood

Tract: Lex2

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According to the listing agent, this listing may be a pre-foreclosure or short sale.

Extraordinary find in beautiful Northwood Pointe. One of a kind home features European accents throughout. Venetian plaster by Parisian artisan, custom interior stain glass window, and gorgeous wrought iron bannister and balcony. Detailed crown moldings and baseboards, plantation shutters, dimmer light switches, solid wood interior doors and elegant wood floors. Kitchen with granite opens to family room with fireplace. Separate formal living room with vaulted ceilings and ajacent formal dining room. Convenient downstairs bedroom currently used as an office. Custom built laundry room with solid wood cabinets, granite countertops, deep basin sink, limestone floor .All closets with custom built ins. 3 car garage with loft storage racks and epoxy flooring. Walk to Award Winning Schools, community pool, parks and tennis courts.

2 thoughts on “IHB News 12-25-2010

  1. Feral

    Merry Christmas IR; best wishes for a healthy, happy and prosperous 2011 to you and your loved ones. Thanks for this fascinating blog!

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