Category Archives: Real Estate Analysis

Open House Review: 11 Savannah

11 Savannah is a single level, zero-lot-line property with many upgrades and a nice sized L-shaped backyard. I was surprised by the asking price, especially since sales for two other single story homes in the area, which are actually slightly larger, have sold for approximately $100,000 less earlier this year. It is the first house that I have reviewed asking for $500 /square foot. Let’s find out if all of the upgrades justify the price.

Asking Price:

$849,900

Bedrooms:

4

Bathrooms:

2

Square Footage:

1,700

Lot Size:

5,227 sq ft

Price per Square Foot:

$500

Property Type:

Residential, Single Family

Style:

One Level Cape Cod, Patio Home

Year Built

1978

Community:

Northwood

HOA Fees:

$65

Mello Roos:

No

Days on Market:

11

Update: The listing price has been lowered to $824,900

This home has a very nice open flow in the common living area. It comes with a remodeled kitchen and bathrooms, scraped ceilings, rounded wall corners, newer carpet, clean marble floors and newer paint. Recessed lights, updated doors and a remodeled fireplace add to the wonderful updates in the home. An atrium sits in the middle of the house, which has been converted into a nice jacuzzi area with a wooden deck floor. Single story houses are highly sought after since it is harder to find in Irvine.

Reasons the high price comes as a surprise include the fact that the home has original windows, an original shower in the shared bathroom, sits on a higher traffic street in the neighborhood (it sits on one of the three entrance streets into the entire neighborhood, which consists of at a couple hundred houses), does not have windows along one side of the home which restricts natural light entering a secondary bedroom and master bedroom. In fact, the only windows in those two bedrooms face into the atrium. The family room and secondary bedrooms are small and I do not recall seeing a closet in the small ‘fourth bedroom’, which is currently used as an office. Another downfall is the short driveway space prevents any car to be parked on it.

The front door leads into a rectangular shaped living and small dining room with nice vaulted ceilings. Marble flooring provides a nice pathway towards the back of the house and creates a defined carpeted living/dining area. However, I wonder if the defined carpeted space limits the opportunities to decorate the rooms. The marble floor flows nicely into the kitchen and family rooms. The overall layout of the common areas is terrific.

Upon entering, immediately to the right is the garage entrance. On the perpendicular wall sits a coat closet, entrance to the master bedroom and jutting into the living space is the atrium. The fireplace is located in the living room to the left, along the wall facing the front yard. The three living room windows and the sliding door in the dining area bring in lots of natural light. The atrium brings in some light as well, although it is limited. One of the two entry ways into the atrium is off a sliding door across from the dining area. I wonder if the atrium could be built in as part of the home’s living space, if desired.

The master bedroom is a darker room with only one sliding glass door leading into the atrium. However, it is nice to have access directly to the jacuzzi from the bedroom. Further along the same wall is a narrow, but deceivingly good size walk in closet. An open doorway on the opposite wall leads into the master bath, which consists of dual sinks, with plenty of counter space, and a large oval tub/shower combo. The floors and counters are marble and the cabinets are white. A skylight sits above the tub, which is a nice way to bring in some natural light into the room.

Beyond the atrium and dining room is the remodeled kitchen which opens up to a small family room. The kitchen has plenty of cupboards and drawers for storage. It has a small island with space for a couple of bar stools and a built-in wine cooler. Along the back wall is the gas stovetop. On the perpendicular wall, facing the backyard is a sink with a window above it. On the opposite wall is the refrigerator, oven and built-in microwave. The marble floors continue from the kitchen into the small family room.

The family room has an abundance of natural light coming into the room through two large windows and a sliding glass door. Although it is a smaller room, the high ceilings help make it feel more spacious. It has enough space for seating, a coffee table and television. The one wall which separates the family room from the office has wood paneling which I think dates the room.

When I saw the size of the family room and adjacent office/bedroom, I wondered if the wall was built and the office was added on. I did not notice a closet in the office and it was a small room, especially with the double doors at a 45 degree angle. A small window faces into the backyard.

Further down the hallway are two more secondary bedrooms and a shared bathroom. The bedroom to the left has a window facing the backyard. There are two sets of two-door mirrored sliding closet doors. A note is placed on one of the closet doors stating that it could be removed to create a bigger space in the room. The closets jut out into the room on two perpendicular walls, which wastes space and limits how the room can be furnished. However, if you are looking for a small guest room with plenty of storage then the extra closet could prove to be useful. Currently there is space for a twin bed and small armoire.

Across from the room entrance is a linen closet. It looks like the linen closet was created by possibly taking space from the original office closet.

The last secondary bedroom has one small window facing into the atrium. With the house being a zero-lot-line, there are no windows along one side of the house; therefore the only place for a window is in the atrium. The room is a smaller room with a two-door sliding closet door.

Next to the bedroom is the shared bathroom. It has been updated with marble floors and countertop; however the shower has not been updated. It is a good sized walk-in shower. Even with dual sinks, there is still plenty of counter space.

The backyard is nice and flat with lots of grass for pets or children to play on. It is an L-shape with the two sliding glass doors off of the kitchen side of the home, leading onto a half circle concrete entertaining area. The remainder of the yard is primarily grass.

11 Savannah has many nice upgrades. It is clean, move-in ready and would appeal to buyers that are looking for a single story house in the neighborhood. The open layout is appealing and the jacuzzi in the enclosed atrium is a unique feature. Having such a big, flat yard in Irvine is a definite positive. The home is steps to the association pool and walking distance to Sierra Vista Middle School. However, I am not sold on the high price due to the location, bedroom sizes and lack of light in some of the bedrooms. The comps cannot be overlooked, especially with such a significant price difference for houses in a better location and bigger size.

Open House Review: 12 Silkgrass

Woodbridge Windsor Estates Condo

12 Silkgrass $740,000

Turning off of West Yale Loop onto Thunder Run and then onto Silkgrass takes you to this handsome 4 bedroom condo in the inner circle of Woodbridge. The home is secluded and quiet on the Silkgrass side. On the other side of the property, the patio at the back of the home overlooks West Yale Loop, which opens the house up to some traffic noise. On the other hand, with a price reduction of $15,000, this property at $740,000, definitely trumps other recent listings of Woodbridge properties that I have seen in that price range. Both of the other properties were smaller, less appealing and located in Woodbridge’s outer circle.

Significant Numbers: Built in 1984, this two level home has 2,275 sq. ft. HOA dues are $442 and the price per square foot is $325.27. The home had been on the market 82 days as of Saturday.

CloseUp: Pulling up to the curb, this home is nicely detailed with an inviting presence. Stepping inside, there is a live planter straight ahead, with a double doored bedroom to the right. That room is currently used as a study/office, but it could work as a guest bedroom too.

Next, there’s a powder room, and then a good sized family room with brick walled fireplace paired with the kitchen. French doors open to a large, private brick ribboned patio.

On the left there is a spacious living room with fireplace. And a stairway leads to a large master suite with good sized vanity, tub and shower, plus two more bedrooms and bath.

Also, on the main floor to the left, a full sized formal dining room with French doors opens onto the patio. It is easy to picture the space serving as a hub for holiday parties and family celebrations.

Bay windows, plantation shutters, cathedral vaulted ceilings, skylights, fans and crown molding give the home a finished elegance. An obvious pride of ownership is carried out in little individual details throughout the home.

The kitchen has an adjoining casual dining area, and planter window box overlooking the patio. The private fenced backyard patio has rock planter beds and mature plantings. An older spa has been removed, but there is a bricked area that could be used for a new spa installation or redone as a rose garden.

Specifics:

Condominium

Bedrooms, 4

Baths, 3-1/2

One attached wall

Double attached garage

Forced air heating, central air

Association pool and spa

Two parking spaces

Irvine Unified School District

What will be considered? Woodbridge’s prime location, South Lake recreational facilities, top schools and relaxed community setting will all weigh in here, along with the home’s comfortable size, finish and price. The interior is nicely detailed and maintained. The exterior will need some trim work, and the new buyers may want to consider adding additional upgrades.

Who will choose this home? An active family looking for a good sized home with enough bedrooms in the Woodbridge area may be attracted to this one. A couple who has frequent guests or needs space for an older family member will be attracted to the downstairs bedroom and convenient Irvine location.

Recent Listings: 20 Windsong, $730,000; 14 Seadrift, $739,900

Recent Sales: 9 Firestone #7, $744,000; 422 E. Yale Loop #32, $725,000

Open House Review: 2 Candela

This week, I visited an open house at 2 Candela in Northwood’s Woodside neighborhood. It is on the corner of a quiet, sul-de-sac street and a bigger residential street that runs up one side of the neighborhood. It is only one block away from the community pool, tot lot and tennis courts.

The basics:

Asking Price: $895,000

Bedrooms: 4

Bathrooms: 3

Square Footage: 2,178

Lot Size: 4,792

$/Sq Ft: $411

Days on Market: 17

Property Type: Single Family Home

Year Built: 1978

Community: Northwood, Woodside

HOA dues are $97 per month (going up to $99 on January 1). There are no Mello Roos.

This 1978 home has been partially upgraded, with some rooms showing a truly modern look and others having a mix of old and new. The house has new windows throughout and new flooring in some rooms. Though it is a corner lot, the overall lot size is still pretty small at 4,792 square feet. The house does have a main floor bedroom and full bath, which will definitely appeal to some buyers.

Upon entering, there is a small entry area leading directly into the living room and a wide, straight stairway on the left going to the second floor. The entry has hardwood floors but the living room is carpeted. The living room has cathedral ceilings and a big window overlooking the front yard. A railing divides the living room from the adjacent dining room. My biggest complaint about the room is that it is three steps higher than the rest of the rooms on the first floor.

Going down the three steps takes you directly into the dining room. Its wood floors match those in the entry and hall. The room has one window looking out to the side and, like the living room, cathedral height ceilings. There is space for a long table and, if it isn’t too wide, a nice china hutch as well.

The kitchen is right behind the dining room. It has newer, porcelain tile floors and two big windows facing the backyard. There is a breakfast nook right when you walk in, with the rest of the kitchen to the right. Four pantry-height cupboards sit next to the breakfast table, along with an opening that looks through to the family room. The kitchen has newer, white melamine cabinets and a mix of white and stainless steel appliances, but the white tile counters are original. The oven and microwave are next to the table, with the fridge on the other side of them. The four-burner cooktop is along another wall, with the sink and dishwasher on the wall lining the backyard. I wish there was some counter space next to the oven and feel that the room could use more counter space in general. The kitchen also has higher ceilings, allowing for display items to sit atop the cabinets. I don’t like that the kitchen is mostly closed off from all of the other rooms.

The family room sits next to the kitchen and has matching tile floors. A built-in entertainment unit lines the wall shared with the kitchen and a brick fireplace is on another wall. Both the entertainment unit and the mantle are white to match the kitchen. Sliding doors provide access to the backyard. The family room is a pretty good size, but somewhat limited in how to arrange the furniture due to the built-in, fireplace, and sliders.

A hallway off the family room leads to the downstairs bedroom and bath, along with the laundry area and garage access. The washer and dryer are located behind shuttered doors and there is a storage cabinet next to them.

The downstairs bedroom is pretty small and has the same tile as the family room. Its only window faces the side of the house so it doesn’t get a lot of light. It has a big closet taking up one full wall with three sliding doors. The current owners have several big pieces of furniture in here, so it might feel a little bigger with less stuff inside.

The full bathroom has a single sink and a shower. It has been remodeled to include a brand new vanity with a bowl-style sink, a framed mirror, tile floors and new tile in the shower. The shower pan is pretty dingy but the room has been nicely upgraded otherwise.

The backyard is a pretty typical size for the neighborhood (bigger than many new homes but not too big overall). It has a long patio alongside the house, with the center portion raised higher than the two sides. Behind it is a grassy area and a raised flower box sits at the back.

Upstairs, there are two additional bedrooms plus the master suite. All bedrooms have carpet that is in decent condition but definitely shows some wear. The bathrooms have the same porcelain tile as downstairs.

The two secondary bedrooms are similar in size and both face the front of the house. Each has a long window that isn’t very tall and a two-door, mirrored closet. One has a built-in bookcase just outside of it; the other has one just inside the door. Both rooms also have a ceiling fan.

The shared upstairs bath is similar to the one downstairs. It has a new vanity with granite counters, a raised bowl sink and espresso-colored cabinets. The shower/tub combo has not been retiled.

The master bedroom is a good size and, like the others, has a ceiling fan. One big window overlooks the backyard and crown molding lines the ceiling. It has a wide, two-door mirrored closet in the main room and a walk-in closet by the bathroom. Linen cupboards are in the hall just outside the room.

The master bath has the nicest upgrades in the house. The vanity has two sinks and space between them for a chair if you wanted one. It only has one drawer, which is the only negative in my opinion. The shower is through a separate door and is quite large. The tile here is more decorative than in the other bathrooms and it has a built-in seat in one corner. It also has a big cutout in one wall for shampoo bottles. The shower looks inviting and relaxing.

Overall, the house is in good condition. The upgrades to the bathrooms are nice and the kitchen is mostly upgraded aside from the tile. I dislike that you have to go down three steps from the living room to the rest of the house and wish that the kitchen opened up to the family room more. I also think the asking price is too high for the neighborhood at $411 per square foot. The realtor had originally listed it at $845,000 ($388/ft), which is more in line with recent sales and current listings in and around the neighborhood.

Open House Review: 28 Marigold

Woodbridge Parkview Townhome

28 Marigold #19 $565,000

Tucked into a secluded area of Woodbridge near South Lake, this townhome offers a sleek but snug package in the current market. The 3 bedroom, 2 and half bath home has been on the market just over 100 days and may be having trouble competing with larger properties in this price range. If the overall space works for the buyer, the location and finish of the home will be assets.

Significant Numbers: Built in 1983, this two level home has 1,422 sq. ft. at $397 a sq. ft. HOA dues are $354 a month.

CloseUp: Nicely located in quiet part of Woodbridge within walking distance of South Lake and overlooking the park, the first impression is one of pride of ownership. Stepping into the ceramic tiled entry, a carpeted living room with fireplace is two steps down with a compact kitchen with breakfast bar and dining area to the left, and the patio beyond.

The open floor plan finished with shutters, ceramic tile, carpet and soft colors makes good use of the space and gives the home a relaxed feeling of ease and function.

The fenced and small brick trimmed patio opens from the kitchen and overlooks the park and greenbelt.

Carpeted stairs to the left of the entry lead to three bedrooms including a good sized master suite with bath.

Specifics:

Bedrooms, 3

Baths, 2.5

Double garage

Central furnace, central air

Attached 2 plus walls

Community pool and spa

Two parking spaces

Irvine Unified School District

What will be considered? The prime condition of this townhome, coupled with its location in a key spot near South Lake in Woodbridge will be evaluated along with the price and the square footage. Top schools and Woodbridge’s small town atmosphere and recreational assets may offset the snugness of the interior and the relatively small amount of outdoor private space.

Who will choose this home? A working couple looking for a key spot in Irvine may find this home to be very functional. Or a young family looking for tops schools in Irvine might choose this townhome as their first home. Having all of the bedrooms upstairs may be a limitation for some buyers. But a key location in Woodbridge will attract others.

Recent Listings: 55 Misty Run #9, $479,000; 27 Granache, $575,000

Recent Sales: 17 Thicket #20 $455,000; 52 Rockwood, $560,000

Open House Review: 19292 Sierra Cadiz Rd.

Updated Turtle Rock Single Family Home with Pool

19292 Sierra Cadiz Rd. $1,285,000

Turning off Turtle Rock Drive and winding back past past the cul de sacs, this single family home with pool takes you to 19292 Sierra Cadiz. This home has just come on the market, joining several other million plus properties in this part of Turtle Rock. This property is smaller but it has been updated, and it will be interesting to see how it does in the current market.

Significant Numbers: Built in 1972, this single level, three bedroom, two bath home has 1,842 sq. ft on a 6,534 sq. ft. lot., at $698 per sq. foot. HOA dues are $129 a month.

Close Up: The tiled entry opens to a large wood floored living room with fireplace on the left, plus formal dining room that opens to the patio, pool and rose garden. Straight ahead, the kitchen pairs with a good sized family room.

Freshly painted in soft beige with white accents, new travertine tile, hardwood floors, and shuttered windows all work to highlight the light filled rooms. The good sized rose garden frames the pool and in ground spa, creating an inviting outdoor setting for entertaining and family use.

The kitchen is nicely centered between the dining from and family room, with new appliances, new travertine tile floor, and a new serving counter across from the family room.

The three bedrooms and two baths, including the master suite with mirrored closet doors, are good sized and light filled with a small atrium accenting the area.

Specifics:

Bedrooms, 3

Baths, 2 full

Detached/no common walls

Double garage

Two parking spaces

Central furnace, no cooling

Community pool and spa

Laundry in garage

What will be considered? The secluded Turtle Rock location, fresh paint and updates, plus pool and garden, will contribute to the home’s value. The home will be compared with other million dollar plus properties in the area that offer more square feet, larger lots, and an extra garage. Some have been updated, some not, and the prices are higher.

Who will move in? The award winning Bonita Canyon Elementary School, community park and community pool within walking distance, will be a strong attraction for young families. Three bedrooms in a single level setting will also work for mature buyers or families with older members who want a prime Irvine location.

Recent listings: 19451 Sierra Seco Rd., $1, 249,000; 17 Morning Dew, $1,399,000.

Recent sales: 19221 Sierra Isabella Rd., $1,300,000; 6162 Sierra Siena Rd., $995,000.