Yorba Linda Overview
| Median home price is $511,000. Based on a rental parity value of $610,000, this market is under valued. |
| Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability. |
| Resale prices on a $/SF basis increased from $247/SF to $250/SF. |
| Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. |
| Median rental rates increased $16 last month from $2,516 to $2,533. |
| Rents have been slowly rising for 12 month(s). Price momentum suggests slowly rising rents over the next three months. |
| Market rating = 6 |
Proprietary OC Housing News home purchase analysis 
20467 CHERRY GATE Ln #46 Yorba Linda, CA 92886
$220,000 …….. Asking Price
$387,500 ………. Purchase Price
12/14/2006 ………. Purchase Date
($167,500) ………. Gross Gain (Loss)
($31,000) ………… Commissions and Costs at 8%
============================================
($198,500) ………. Net Gain (Loss)
============================================
-43.2% ………. Gross Percent Change
-51.2% ………. Net Percent Change
-9.7% ………… Annual Appreciation
Cost of Home Ownership
——————————————————————————
$220,000 …….. Asking Price
$7,700 ………… 3.5% Down FHA Financing
3.80% …………. Mortgage Interest Rate
30 ……………… Number of Years
$212,300 …….. Mortgage
$66,040 ………. Income Requirement
$989 ………… Monthly Mortgage Payment
$191 ………… Property Tax at 1.04%
………… Mello Roos & Special Taxes
$55 ………… Homeowners Insurance at 0.3%
$221 ………… Private Mortgage Insurance
$250 ………… Homeowners Association Fees
============================================
$1,706 ………. Monthly Cash Outlays
($86) ………. Tax Savings
($317) ………. Equity Hidden in Payment
$10 ………….. Lost Income to Down Payment
$48 ………….. Maintenance and Replacement Reserves
============================================
$1,360 ………. Monthly Cost of Ownership
Cash Acquisition Demands
——————————————————————————
$3,700 ………… Furnishing and Move In at 1% + $1,500
$3,700 ………… Closing Costs at 1% + $1,500
$2,123 ………… Interest Points
$7,700 ………… Down Payment
============================================
$17,223 ………. Total Cash Costs
$20,800 ………. Emergency Cash Reserves
============================================
$38,023 ………. Total Savings Needed
——————————————————————————————————————————————-
This property is available for sale via the MLS.
Please contact Shevy Akason, #01836707
949.769.1599……
sales@ochousingnews.com…..
We're sorry, but it seems that we're having some problems loading MLS # I12079508 from our database. Please check back soon.
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$245,000 20461 ELM HILL Ln #32 |
0.07 miles 3 bd / 1.75 ba 1,148 Sq. Ft. |
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$229,000 20261 FERN CREEK Ln #36 |
0.13 miles 3 bd / 1.75 ba 1,148 Sq. Ft. |
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$320,000 19972 WRIGHTWOOD Ct #34 |
0.29 miles 3 bd / 2 ba 1,066 Sq. Ft. |
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$164,000 1787 North WILLOW WOODS Dr #6 |
0.86 miles 2 bd / 1 ba 886 Sq. Ft. |
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$235,000 5457 East CANDLEWOOD Cir Unit D |
0.88 miles 3 bd / 1.5 ba 1,134 Sq. Ft. |
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$229,900 1722 North OAK KNOLL Dr Unit D |
0.98 miles 3 bd / 1.5 ba 1,134 Sq. Ft. |
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$195,000 1750 North CEDAR GLEN Dr Unit B |
0.98 miles 2 bd / 1 ba 943 Sq. Ft. |
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$255,000 5635 East PLAZA DE VAQUEROS |
1.44 miles 2 bd / 1.5 ba 1,011 Sq. Ft. |
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$255,000 5620 East PLAZA DE VAQUEROS |
1.47 miles 2 bd / 1.5 ba 1,012 Sq. Ft. |
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$260,000 251 South CAMINO DE PAZ |
1.54 miles 2 bd / 2.5 ba 1,178 Sq. Ft. |
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Mortgage Rates for U.S. 30-Year Loans Hold at Record-Low 3.66%
Mortgage rates in the U.S. were little changed, keeping borrowing costs at the record-low levels that have helped bolster the housing market.
The average rate for a 30-year fixed mortgage held in the week ended today at 3.66 percent, the lowest in Freddie Mac records dating to 1971. The average 15-year rate dropped to 2.94 percent, also a record, from 2.95 percent, the McLean, Virginia- based mortgage-finance company said today in a statement.
Low borrowing costs are helping to strengthen housing demand as property prices stabilize. Contracts to buy previously owned homes rose 5.9 percent last month, matching a two-year high reached in March, the National Association of Realtors said yesterday. The S&P/Case Shiller index of values in 20 U.S. cities dropped 1.9 percent in April from a year earlier, the smallest decline since November 2010.
“We’ve lifted off the bottom,” Ellen Zentner, a senior U.S. economist at Nomura Securities International Inc. in New York, said yesterday in a telephone interview. “We are in a housing recovery, not a very robust one, but we have seen the turning point for sales and activity, pretty much nationwide.”
Lennar Corp. (LEN), the third-largest U.S. homebuilder by revenue, yesterday reported a surge in fiscal second-quarter profit as it booked a tax benefit and sales climbed. Orders jumped 40 percent from a year earlier, the Miami-based company said.
Purchases of new U.S. houses rose in May to a two-year high, the Commerce Department said June 25.
Home-loan applications declined in the period ended June 22, according to the Mortgage Bankers Association. A measure of refinancing dropped 8.3 percent from the prior week, while the purchase gauge fell 1.4 percent, the Washington-based group said yesterday.