Our big event is scheduled for Sunday evening from 5:00 to 9:00 at JT Schmids at the District.
If you are looking for something to do on Sunday before the party, this property is having an open house from 1:00 to 4:00. It isn't every day you get to tour a $7,799,000 property.
Come a little bit closer Hear what I have to say Just like children sleepin' We could dream this night away. But there's a full moon risin' Let's go dancin' in the light We know where the music's playin' Let's go out and feel the night.
Our big event is scheduled for Sunday evening from 5:00 to 9:00 at JT Schmids at the District.
I know we have been building this event as an meeting for investors, and those discussions will be a major component of the evening, but as with all previous IHB gatherings, it is also a social event where people can meet and see the faces behind the blog names.
We want to share in the success of Ideal Home Brokers, and what better way to do that than throw a party?
Everyone who reads the Irvine Housing Blog is invited, as are the clients of Ideal Home Brokers. If you're curious, a lurker, a fan, even if you disagree with everything I write, you're welcome to come. Don't stay away just because you may not be interested in investment. If you read the IHB, we want you to stop by.
Based on the emails I have received I am anticipating a strong turnout. I hope to see you Sunday Evening.
Home Purchase Price … unknown Home Purchase Date .... unknown
Cost of Ownership ------------------------------------------------- $7,799,000 .......... Asking Price $1,559,800 .......... 20% Down Conventional 4.60% ............... Mortgage Interest Rate $6,239,200 .......... 30-Year Mortgage $1,542,129 .......... Income Requirement
$31,985 .......... Monthly Mortgage Payment
$6759 .......... Property Tax $800 .......... Special Taxes and Levies (Mello Roos) $650 .......... Homeowners Insurance $500 .......... Homeowners Association Fees ============================================ $40,694 .......... Monthly Cash Outlays
-$2966 .......... Tax Savings (% of Interest and Property Tax) -$8068 .......... Equity Hidden in Payment $2686 .......... Lost Income to Down Payment (net of taxes) $975 .......... Maintenance and Replacement Reserves ============================================ $33,321 .......... Monthly Cost of Ownership
Cash Acquisition Demands ------------------------------------------------------------------------------ $77,990 .......... Furnishing and Move In @1% $77,990 .......... Closing Costs @1% $62,392 ............ Interest Points @1% of Loan $1,559,800 .......... Down Payment ============================================ $1,778,172 .......... Total Cash Costs $510,700 ............ Emergency Cash Reserves ============================================ $2,288,872 .......... Total Savings Needed
Property Details for 25 NEEDLE GRASS Irvine, CA 92603 ------------------------------------------------------------------------------ Beds: 6 Baths: 7 full 1 part baths Home size: 9,300 sq ft ($839 / sq ft) Lot Size: 25,385 sq ft Year Built: 2010 Days on Market: 11 Listing Updated: 40387 MLS Number: U10003231 Property Type: Single Family, Residential Community: Turtle Rock Tract: Shdc ------------------------------------------------------------------------------ Unparalleled views abound from this newly completed Spanish style custom estate on a highly coveted single loaded street within the exclusive guard gated community of Shady Canyon. This property features beautiful finish qualities throughout and stunning sunset, ocean, Catalina Island and Palos Verdes views. Six bedrooms including detached guest casita, huge interior courtyard with fireplace, gated motor court with on grade 4-car garage. The main floor includes a formal dining room, library and large chef's kitchen that opens to an oversized great room with 24 foot disappearing pocket doors out to the expansive covered loggia and beautifully mature landscaped yard. The expansive grounds include a large pool, spa and barbeque cabana with outdoor kitchen. The subterranean level includes a home theater, gym, game room with wet bar, 1200 plus bottle wine cellar with tasting area, maid's quarters and the main laundry/craft room. In addition an elevator services all three levels.
If you are looking for something to do on Sunday before the party, this property is having an open house from 1:00 to 4:00. It isn't every day you get to tour a $7,799,000 property.
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