Following is a comparison of two similarly priced homes in Irvine’s 92602 ZIP.
At 30 Avalon, Irvine, CA 92602 is a detached Northpark condo built in 2002 with 3 beds/2.5 baths and 1601 square feet. Homeowners association fee is a reasonable $128 per month and includes access to a pool, spa, barbecue, and sports court. As with all HOA, there are rule. And although I don’t know exactly what they are, apparently rules about pets are one of these. The asking price is $648,900 ($405 per square foot).
Considering that another detached condo with 1750 square feet in West Irvine (82 Sorenson, Irvine, CA 92602) is listed for approximately the same price and currently accepting backup offers, this seems high. The Sorenson home, which was built in 2001, has 4 bedrooms/3 baths, and the asking price is $650,000 ($371/SF). HOA fees are $100 and $50 per month.
I like the exterior look of the Northpark home; however, the MLS pictures show a lack of light in some rooms (either this or just poor pictures). And then there is the fact that the size is smaller than the West Irvine home. The Northpark home has only been listed for one day, so it will be interesting to see what happens with this home. The West Irvine home is also worth watching. Even if a home is listed as accepting backup offers, it does not mean that a sale is pending.
I’ll check back on both of these homes to see what the final outcome is.
Tomorrow: a look at the housing numbers for this part of Irvine