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Closed Sales from 3/1/2012 to 3/7/2012

Date Sold Address Zip Tract Sold Price Beds Sq Ft
El Camino Real
3/1/12 14762 Waverly Ln 92604 Willows $372,500 2 1000
3/1/12 6 Skipper 92604 Irvine Groves $490,000 4 2000
3/1/12 14632 Sweetan St 92604 El Camino Glen $470,000 3 1482
3/6/12 14931 Piper Cir 92604 Greentree $475,000 3 1492
Northpark
3/5/12 3 Pacific Grv 92602 Saratoga $725,000 3 2200
3/6/12 32 El Cajon 92602 Monterey $505,000 3 1820
Northwood
3/1/12 7 Plumbago 92620 Somerton $1,220,000 4 3650
3/2/12 160 Streamwood 92620 Irvine Springs $140,000 1 639
3/2/12 30 Secret Garden 92620 Camellia $965,000 5 3200
3/5/12 189 Pineview 92620 The Lakes $295,000 2 1202
3/5/12 20 W Glorieta 92620 Park Place $775,000 4 2190
Oak Creek
3/6/12 1006 Elmhurst 92618 Oak Park $350,000 2 1031
Orangetree
3/2/12 45 Orange Blossom 92618 Lake Condos $160,000 1 814
3/2/12 222 Lemon Grv 92618 Villas $306,000 2 1153
Quail Hill
3/2/12 36 Stepping Stone 92603 Casalon $530,000 3 1741
3/5/12 103 Windchime 92603 Sage $505,000 3 1300
Shady Canyon
3/2/12 55 Vernal Spring 92603 Master's Collection $4,071,000 7 6785
3/5/12 44 Blue Heron 92603 Custom $12,800,000 5 11441
Turtle Rock
3/1/12 12 Misty Meadows 92612 Vista $690,000 3 2500
University Park
3/2/12 25 Mann St 92612 Chancellor $640,000 3 1810
3/6/12 19 Banyan Tree 92612 Park I $390,000 3 1718
3/6/12 4501 Pinyon Tree Ln 92612 Park I $735,000 4 2795
West Irvine
3/1/12 86 Deermont 92602 Wisteria $525,000 3 1622
3/2/12 10 Sagewood 92602 Ivywood $729,800 4 2100
3/6/12 6 Valente 92602 Concord $720,000 4 2564
Westpark
3/5/12 9 Santa Monica Aisle 92606 Ravenna $670,000 4 1900
3/7/12 132 Alicante Aisle 92614 Tiempo $360,000 2 1080
3/7/12 9 Malaga 92614 Sorrento $650,000 3 2102
Woodbridge
3/1/12 34 Lakeshore 92604 Arborlake $402,000 2 1620
3/1/12 71 Briarglen 92614 Laurels $230,000 2 908
3/1/12 22 Hollowglen 92604 Glen $345,000 3 1200
3/6/12 192 Greenmoor 92614 Stonegate $365,000 2 1144
Woodbury
3/3/12 20 Lookout 92620 Mille Fleurs $1,010,000 5 3600

Discuss below or at Talk Irvine.

Closed Sales from 2/23/2012 to 2/29/2012

Date Sold Address Zip Tract Sold Price Beds Sq Ft
Airport Area
2/23/12 5144 Scholarship 92612 The Plaza $900,000 2 1930
2/24/12 2220 Watermarke 92612 Watermarke $195,000 1 635
2/27/12 2243 Martin #121 92612 Metropolitan $260,000 1 808
2/27/12 2282 Scholarship 92612 Avenue One $210,000 1 725
2/29/12 2243 Martin #311 92612 Metropolitan $215,000 1 941
2/29/12 1380 Scholarship 92612 Avenue One $330,000 2 1037
Columbus Grove
2/23/12 42 Honey Locust 92606 Kensington Court $450,000 3 2125
2/27/12 54 Fringe Tree 92606 Kensington Court $515,000 3 2125
El Camino Real
2/27/12 36 Goldenbush 92604 Deerfield Townhomes $340,000 3 1550
2/28/12 17 Snowberry 92604 Deerfield Townhomes $300,000 2 1150
Northpark
2/29/12 42 Idyllwild 92602 Monticello $345,000 2 1500
Northwood
2/23/12 224 Pineview 92620 The Lakes $260,000 2 1204
2/23/12 4 Hudson 92620 Oakleaf $695,000 4 2145
2/23/12 941 Somerville 92620 Greystone Villas $335,000 2 1260
2/24/12 2012 Timberwood 92620 Collage $390,000 2 1267
2/28/12 159 Pineview 92620 The Lakes $184,900 1 932
2/28/12 20 Grape Arbor 92620 Camellia $843,000 4 2460
Oak Creek
2/29/12 81 Eaglecreek 92618 Kenwood $978,000 5 3123
Orangetree
2/23/12 81 Tarocco 92618 Orchard Glen $267,000 2 995
2/24/12 2310 Apricot Dr 92618 Terrace $270,000 3 1350
Portola Springs
2/28/12 54 White Sage 92618 Bougainvillea $510,000 3 2050
Quail Hill
2/27/12 83 Reunion 92603 Ambridge $433,000 2 1656
2/29/12 46 Reunion 92603 Sage $465,000 2 1145
Rancho San Joaquin
2/28/12 11 Morena 92612 RSJ Villas $360,000 2 1145
Shady Canyon
2/23/12 23 Cactus 92603 Custom $6,500,000 8 12016
2/29/12 33 Prairie Grass 92603 Villas of Shady Canyon $2,800,000 4 4215
Turtle Ridge
2/24/12 34 Rose Trellis 92603 Ledges $1,400,000 3 3186
Turtle Rock
2/24/12 6 Brigadier 92603 Summit Regency $1,850,000 5 3336
2/27/12 8 Nidden 92603 Summit Regency $1,839,000 5 3259
Walnut
2/24/12 14592 Oak Ave 92606 College Park $611,000 4 1873
2/28/12 475 Deerfield Ave 92606 Windwood Townhomes $325,000 2 1239
West Irvine
2/24/12 18 Hidden Brook 92602 Amberwood $695,000 4 2478
Westpark
2/28/12 46 Festivo 92606 Cortina $914,000 4 2450
2/29/12 3742 Claremont 92614 Culverdale $542,000 5 2754
2/29/12 12 Cigliano Aisle 92606 Corte Bella $465,000 3 1614
Woodbridge
2/23/12 23 Lakeside 92604 Crossing $400,000 2 1477
2/23/12 2 Rosemary 92604 Villager $335,000 3 1123
2/23/12 3 Halfmoon 92614 Summerfield $670,000 4 1887
2/23/12 64 Greenfield 92614 Alders $285,000 2 1060
2/28/12 3 Perch 92604 Townhomes $377,000 2 1120
2/28/12 53 Pinewood 92604 Crossing $675,000 3 1910
2/29/12 20 Cedarglen 92604 Villager $255,000 3 1123
2/29/12 12 Hollowglen 92604 Glen $350,000 3 1220
Woodbury
2/28/12 32 Herringbone 92620 Cortile $350,000 2 1148
2/28/12 138 Vintage 92620 Lombard Court $320,000 2 1205

Discuss below or on Talk Irvine.

Closed Sales from 2/16/2012 to 2/22/2012

Date Sold Address Zip Tract Sold Price Beds Sq Ft
El Camino Real
2/16/2012 4912 Gainsport Cir 92604 El Camino Glen $454,000 4 1202
2/16/2012 15302 Touraine Way 92604 Ranch $647,000 4 2082
2/21/2012 90 Oval Rd 92604 Walnut Square $265,000 2 1059
Northpark
2/16/2012 67 Olivehurst 92602 Auburn $410,000 3 1550
2/17/2012 5 Poway 92602 Miramar $880,000 4 2810
2/21/2012 68 Meadow Vly 92602 San Simeon $525,000 3 1500
Northwood
2/16/2012 60 Streamwood 92620 Irvine Springs $142,500 1 639
2/17/2012 32 Torrey Pine 92620 Camellia $957,000 5 3100
2/22/2012 21 Streamwood 92620 Irvine Springs $141,500 1 639
Orangetree
2/17/2012 167 Tangelo 92618 Lake Condos $258,000 2 954
Quail Hill
2/17/2012 78 Figtree 92603 Soltice $620,000 3 1900
2/21/2012 71 Stepping Stone 92603 Casalon $476,000 3 1582
Stonegate
2/20/2012 53 Kingsbury 92620 Maricopa $1,004,073 4 2974
Turtle Ridge
2/20/2012 105 Canyoncrest 92603 Chantory $510,000 2 1150
Turtle Rock
2/21/2012 10 Rocky Gln 92603 Glen Townhomes $620,000 2 2033
University Park
2/19/2012 4355 Sandburg Way 92612 Village II $542,000 4 2000
2/21/2012 44 Acacia Tree Ln 92612 Village III $565,000 3 2072
West Irvine
2/17/2012 97 Sapphire 92602 Mandeville $366,000 3 1500
Woodbridge
2/17/2012 10 E Elderwood 92614 Willow Creek $425,000 2 1301
Woodbury
2/17/2012 50 Serenity 92618 Santa Rosa $348,000 1 1120

The Neighborhood of University Hills

University Hills is the University of California, Irvine's campus housing community for individuals holding full time employement at UCI. Seeing some of the homes in University HIlls from Bonita Canyon makes me want to get a job at UCI. Part of the appeal is that it's kind of exclusive. It's not like other parts of Irvine where (as long as you have enough money), you can buy or rent in any neighborhood. The other draw is that the homes are so said to be much more affordable than their equivalents down the street in other parts of Irvine.

According to the Irvine Campus Housing Authority website, “University HIlls…is generally regarded as the most successful on-campus housing program of its kind in the country.” It is an academic community in residence to provide affordable housing to eligible full time employees of the University of California, Irvine. University HIlls is located on the South end of campus, and is bordered by Anteater Drive, Los Trancos Drive, Gabrielino Drive, Vista Bonita Drive and California Avenue.

Community Map

Note: Information from http://www.icha.uci.edu/

Within University HIlls there are three apartment communities, two condo associations, townhomes, paired homes, single family detached homes, and even a few custom homes. It has 250 apartments for rent and 940 for-sale homes on over 200 acres of University owned land. There are several recreation areas that include parks, pools, volleyball, basketball, and tennis courts, tot lots, barbeque and picnic areas. The amenities are quite nice; check out the University Hills Community Center:

I took a drive around University HIlls and like many neighborhoods in Irvine, I saw manicured landscaping, lovely parks, nicely kept walking paths that were well lit for evening strolls, young children on the street playing, and of course, seemingly close together homes with little to no yards. There really were some nice paths to walk on, accompanied by sitting areas with vista points providing views of Turtle Ridge, the University, most of Irvine and beyond and the airport area.

Children who live in University Hills can attend University Montessori, Turtle Rock Elementary, Rancho San Joaquin Middle School, and University High School, though only the Montessori is within short walking distance.

FOR SALE HOMES:

As you can imagine, the for-sale homes are highly sought after and a priority system has been put in place to help sort through requests. According to the ICHA website, “on average, approximately 25-35 resale homes are available for sale each year, including new homes.” Full time University employees are entered on a waiting list for homes based on the following priority system:

  • Newly recruited members of the Academic Senate and the Senior Management Group (“newly” is defined as within 1 year)
  • Current members of the Academic Senate and the Senior Management Group
  • Newly recruited members of the University's non-Senate Academic Staff and Management and Senor Professional Group (Examples of these include clinical and adjunct professors, lecturers, post doctoral and profecssional researches, specialists and librarians)
  • Current Academic Staff and Management and Senior Professionals
  • Other University Staff

All homes in University Hills are located on lots OWNED by The Regents of the University of California and are LEASED by the Irvine Campus Housing Authority. Homeowners then essentially SUBLEASE the land upon which their home sits. According to documents on the site, subleases are long term and end in 2082. The ICHA gives three payment plans to pay land leases.

There are three restrictions in reselling University Homes:

  1. You must try to sell to the University, the faculty or staff when you decide to sell. If you can't sell within a specified (?) period of time, and the University doesn't exercise its option, you may sell your home to a member of the general public. That person would be subject to the same terms. My guess is that there's pretty much always faculty or staff that is interested in buying the homes in University HIlls and if by chance a home did not sell, the University would buy it temporarily.
  2. Resale prices of homes are restricted. Ground Sublease indices control pricing in University Hills with the intent to provide affordable housing and to prevent the homes from serving as speculative investment vehicles. Get outta here, flippers!
  3. If the circumstances of employment with the University change, you may no longer be eligible to own in University Hills.

Currently, new homes are under construction off of Gabrielino. Because the homes have been constructed over the last 25 years, it's an interesting mix of homes within the area of a typical village in Irvine. The older ones are much like what you'd see in Woodbridge and as the styles in Irvine changed over the years, so did the styles with University Hills. You can see the various floorplans here. Of course, the homes are somewhat cookie cutter and any exterior changes must be approved by the ICHA.

RENTALS:

There are three unfurnished on-campus apartments available for UCI personnel:

  1. Gabrielino Apartments – the smallest of the three apartment complexes. Gabrielino offers Junior and 1 Bedroom apartments with 1 bathroom. They are 560-750 sq ft and cost $1035-$1205 per month
  2. Las Lomas Apartments – 2-3 bedrooms with 1-2 baths. These units are between 970 and 1200 sq ft and cost $1290-$1590 per month.
  3. Santiago Apartments – 1-3 bedrooms with 1-2 baths. Units here span the greatest range – 632-1254 sq ft and cost $1212-$1844

Priority is given in the same sequence as the home sales above and faculty, academic and University staff are eligible to stay up to 5 years.

Additionally, there are three Furnished Short term apartments for rent:

  1. Sage at Gabielino Apartments – Jr 1 BR, 1 Bath – 560 sq ft – $1575
  2. Willow at Gabrielino – 1 BR, 1 Bath – 650 sq ft – $1788
  3. Amapola at Las Lomas – 2 BR, 1 BA 970 sq ft – $2010

Not cheap! Do any of you live in University Hills? What do you like about living there? Any drawbacks? What's it really like? What do taxes, home owners association dues (or their equavalents), etc add up to? Anyone know how much these homes actually sell for?

Discuss below or at Talk Irvine.

Closed Sales from 2/09/2012 to 2/15/2012

Date Sold Address Zip Tract Sold Price Beds Sq Ft
Airport Area
2/10/2012 2241 Watermarke Pl 92612 Watermarke $360,000 2 1250
2/10/2012 2233 Martin #302 92612 Metropolitan $332,000 2 1326
2/14/2012 3126 Watermarke Pl 92612 Watermarke $220,000 1 818
Northpark
2/10/2012 12 Millbrae 92602 Evergreen $576,000 3 1966
Northwood
2/12/2012 9 Muir 92620 Shady Hollow $450,000 2 1479
2/15/2012 17 Rosslyn 92620 Georgetown $739,000 4 2200
Oak Creek
2/10/2012 23 Carnation 92618 Montilla $487,000 3 1525
2/14/2012 402 Falcon Creek 92618 Oak Park $230,000 1 900
2/15/2012 10 Medlar 92618 Kenwood $1,100,000 5 3340
Orangetree
2/13/2012 2301 Apricot Dr 92618 Terrace (Stacked) $220,000 2 1000
2/15/2012 4114 Apricot Dr 92618 Terrace (Stacked) $169,000 1 900
Quail Hill
2/14/2012 124 Vermillion 92603 Sandalwood $530,000 4 1900
Turtle Ridge
2/10/2012 231 Danbrook 92603 Ashton Green $380,000 2 1181
University Park
2/14/2012 24 Meadowsweet Way 92612 Village II $545,000 3 1493
West Irvine
2/10/2012 53 Bradford 92602 Sheridan Place $435,000 3 1569
Westpark
2/14/2012 22 Alcira 92614 Tierra $820,000 4 2086
Woodbridge
2/9/2012 31 Flaxwood 92614 Briarglen $650,000 3 1786
2/10/2012 154 Clearbrook 92614 Park Vista $265,000 2 921
2/10/2012 34 W Yale Loop 92604 Estates $529,000 4 2156
2/10/2012 20 Blackswan 92604 Patio Homes (WB) $535,900 2 1520
2/14/2012 34 Timber Run 92614 Somerset $350,000 3 1325
2/14/2012 42 Silkberry 92614 Briarglen $495,000 3 1244
Woodbury
2/10/2012 104 Great Lawn 92620 Cortile $431,000 3 1275
2/10/2012 189 Wild Lilac 92620 Garland Park $413,000 2 1357
2/10/2012 227 Mantle 92618 Santa Cruz $650,000 3 2296
2/14/2012 48 Serenity 92618 Santa Rosa $320,000 1 1060