Three Bel-Aire properties with similar floor plans are for sale in the Northpark Square area. Northpark Square is the tiny area between Irvine Boulevard and Bryan, and Culver and toll-way 261. They are a walking distance from Beckman High School and Hicks Canyon Elementary School, and around a mile from Orchard Hills Middle School. Not to be confused with Northpark which is a guard gated community, Northpark square is partially gated, and none of the Bel-Aire homes are gated.

8 Rosenblum, Irvine CA 92602

Listing Price: $988,000
Previous sale: $714,000 in 2003
Beds/ baths: 5 beds/ 3.5 baths
SF Area: 3,511
Price/ SF: $281

Fixed Monthly Expenses:
Mortgage, 30 YR Fixed at 3.625%: $3605
Home Owner’s Association Dues: $98
Annual Mello Roos + Special Assesments: $2,956
Annual Property Tax: $10,468

Monthly expenses: $4,821

49 Pacific Crest, Irvine CA 92602

Listing Price: $949,000
Previous sale: $623,000 in 2002
Beds/ baths: 6 beds/ 4.5 baths
SF Area: 3,511
Price/ SF: $271

Fixed Monthly Expenses:
Mortgage, 30 YR Fixed at 3.625%: $3466
Home Owner’s Association Dues: $98
Annual Mello Roos + Special Assesments: $2,956
Annual Property Tax: $10054

Monthly expenses: $4,648

11 Ravendale, Irvine C A 92602

Listing Price: $998,000
Previous sale: $597,500 in 2002
Beds/ baths: 5 beds/ 4 baths
SF Area: 3,537
Price/ SF: $282

Fixed Monthly Expenses:
Mortgage, 30 YR Fixed at 3.625%: $3641
Home Owner’s Association Dues: $98
Annual Mello Roos + Special Assesments: $2,956
Annual Property Tax: $10574

Monthly expenses: $4,866

Recent comparative summer sales:

21 Amargosa
Sold for $836,000 in June 2012 for $238/SF.

28 Thorn Hill
Sold for $935,000 in August 2012 for $266/SF.

12 Ravendale
Sold for $945,000 in August 2012 for $319/SF.

Which one would you buy?
None of them back high traffic streets, all of them were built around the same time, all of them were owned by the same owner for the last decade, and all are maintained and upgraded to keep with the current trends. Recent sales trend shows a wide Price/SF range, but all three properties are priced within the highs and lows of the summer.