Category Archives: Real Estate Analysis

Open House Review: 3 Terracima

I am reviewing a home today in Northwood’s Vista Filare Community. The home has been completely remodeled and beautifully upgraded, but buyers should note that Culver Drive traffic is heard from the resident’s patio and is visible from the master bedroom. Just down the street from Sierra Vista Middle School, this home is walking distance to the middle school and Venta Spur Trail. It is a zero-lot-line property but with the high ceilings, bright rooms, and upgrades, it did not occur to me that it was a zero-lot line.

Asking Price:   $649,000
Bedrooms:       2
Bathrooms:     2.5
Square Footage: 1,389
$/Sq Ft:           $485
Lot Size:          2,614
Property Type: Single Family Residence
Year Built:       1983
Community:    Northwood – Vista Filare
HOA dues are $118 per month
Mello Roos:    No

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Open House Review: 2 Madrina

Last weekend I saw a house at 2 Madrina in Northwood, and back-up offers were already being accepted after the weekend. It is a two story, zero lot line property with a nice flat back yard, on a cul-de-sac street and with no mello roos. Finding large secondary bedroom sizes, especially for this area, was a pleasant surprise.

Asking Price:   $839,000
Bedrooms:        4
Bathrooms:      2.5
Square Footage: 2,100
$/Sq Ft:            $400
Lot Size:          4,800
Property Type: Single Family Residence
Year Built:       1979
Community:     Northwood

There are no HOA Fees or Mello Roos.

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Open House Review: 33 Abeto

Once again, I am seeing evidence of a rapid-moving market. I visited 33 Abeto on its opening weekend and, within a few days, they had accepted an offer (though they are accepting backups). This model is the same as 1 Brillantez, which I reviewed a few weeks ago and which is now in escrow at $960,000 ($15,000 over the asking price). Let’s see how 33 Abeto compares:

The basics:
Asking Price: $978,000
Bedrooms: 4
Bathrooms: 2.5
Square Footage: 2,400
Lot Size 5,000
$/Sq. Ft: $408
Days on Market: 16
Property Type: Single Family Residence
Year Built: 1978
Community: Northwood – Woodside
HOA: $115 per month / Mello Roos: No
Schools: Santiago Hills Elementary, Sierra Vista Middle, Northwood High (Irvine Unified)

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Open House Review: 30 Idyllwild

Driving into Northpark Square, 30 Idyllwild is located on an internal tract just steps away from the community pool. Guest parking was scarce on the neighboring streets. The living space is accessed from a flight of external stairs or up a flight of internal stairs directly from the garage. The home has one bedroom on the main living floor and the master bedroom upstairs. Although an Irvine address, students would attend Tustin School District’s Hicks Canyon Elementary School, Orchard Hills School and Beckman High School. The sellers seem highly motivated to sell.

Asking Price:   $495,880
Bedrooms:       2
Bathrooms:     2
Square Footage: 1,400
$/Sq Ft:           $354
Property Type: Condominium
Year Built:       2002
Community:    Northpark – Monticello
HOA dues are $333 per month
Mello Roos:    Yes

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Open House Review: 17 Carlina

On Saturday, I visited 17 Carlina in Northwood. It had only been on the market for a couple of days and the open house was very crowded. The listing has now been removed; per the realtor, there were five offers on Saturday and one was accepted. The one story home has been nicely upgraded.

The basics:
Asking Price: $709,900
Bedrooms: 3
Bathrooms: 2
Square Footage: 1,380
Lot Size 4,356
$/Sq. Ft: $514
Days on Market: 7
Property Type: Single Family Residence
Year Built: 1978
Community: Northwood
HOA: No / Mello Roos: No
Schools: Santiago Hills Elementary, Sierra Vista Middle, Northwood High (Irvine Unified)

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