Lowest Priced Irvine Condos For Sale

Irvine has a very wide range of real estate prices starting from your basic one bedroom condo to luxury estate homes located in gated communities like Shady Canyon.  For those looking for a starter condo or as a real estate investor is makes sense to be consider several of Irvine condos that are currently listed under $300,000.  These provide excellent opportunity to home ownership with mortgage payments that may be similar to what you would pay in rent.  Here is a quick guide on where to look!

The lowest priced condos can be found in the Northwood Irvine Springs community.  The location is off Irvine Blvd and Yale Ave which is east of the 5 freeway and just south of the 261 freeway.  Currently, condos start at $269,000 which is the lowest priced condone all of Irvine.  Keep in mind that these condos are on the small side with a one bedroom unit spanning 415 square feet of living space.  A very creative floor plan was designed to accommodate such a small foot print with a partial wall that separates the living room and bedroom area.  The condo features high vaulted ceilings which gives the illusion of additional space and accented with laminate hardwood flooring.  There is a soothing running stream running outside the unit and can be seen from the exterior deck area.  Irvine Springs has a lot to offer with a nice community pool, spa, tennis courts, laundry facility and clubhouse.  Homeowners association dues of $295.00 a month goes toward water and trash pickup.  There is no additional Mello Roos here and the location is within close proximity to award winning Irvine schools and local shopping.

Real Estate prices in Irvine Springs this year have ranged from $240,000 up to $275,000.  Rental prices for a one bedroom condo start at $1,450 and go up to $1,900 a month.  If you bought the condo listed at $269,000 and put down 10% and financed $242,100 then your monthly principal and interest payment would be $1,226.69.  Keep in mind that this does not take in taxes and insurance payments.  Some lenders may charge a private mortgage insurance fee for those putting down less than 20%.  Payments including PMI and residential tax payments would be approximately $1,626.60.  Considering rental prices are at $1,450 it really does make sense to buy instead of renting.  The $295.00 monthly association dues would be on top of this payment though but it does cover water and trash pickup so you would be responsible for all other utilities.  For information on buying a condo in the Irvine under $300,000 please contact any of our local Irvine Real Estate agents at 949-988-0605.