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Open House Review: 4942 Persimmon

Posted: 25 Feb 2014 04:00 AM PST

University Park Remodeled Parkside Single Family Home
4942 Persimmon  $935,888
Turning off Culver onto Michelson and winding all the way back to Royce Drive provides a taste of the University Park neighborhood atmosphere. Early afternoon on Friday, there were clusters of school kids on the tree lined street with many headed to the library, and neighbors out walking. Turning onto Royce and then onto Persimmon puts you in the Parkside Deane community in a quiet area well insulated from urban traffic.

This specific two story single family home also provides a glimpse of one aspect of Irvine investing. The home was sold in August of 2013 for $755,000, upgraded throughout and listed for $945,000 in December, 2013. In January it was reduced to $935,888.  Almost everything has been redone, except the windows. New wood flooring, carpeting, remodeling of kitchen, and baths, along with designer paints and staging are all in place. The broker also emphasized it is the only detached single family home currently for sale in the area.

Significant Numbers:  This two level, single family four bedroom, 2.5 bath home has 2,289 sq. ft., at $409 a sq. ft. The lot size is 4,356 sq. ft.  HOA dues are $173. There is no Mello Roos. The home was built in 1974 and it has been on the market a little over 50 days.

Close up: Curbside, professional landscaping leads to a gated entry courtyard, and double doors open into the living room with fireplace.  The formal dining room overlooks the patio and good sized windows throughout the home capitalize on natural light and views of the landscaped patio with raised brick planters.

To the left of the entry the family room opens to the kitchen and also has garage access.  The kitchen has new espresso cabinets, quartz counters, stainless appliances and recessed lighting.

To the right of the entry, stairs lead to the home’s four bedrooms with  large master suite with enclosed balcony, raised ceilings and mirrored closet doors. Baths have quartz counters, new tiled showers and floors. There is a remodeled half bath on the main floor.

Engineered hardwood floors are used throughout the main level, with new carpeting upstairs.

More specifics:
Single family home
Bedrooms, 4
Baths, 2 and a half
Two car garage
Two parking spaces
Laundry in garage
Central furnace,  central air
Tile roof
Association pool, spa
Completely detached
Irvine Unified School District

Overall Evaluation: As a single family, detached home in a prime location in Parkside in University Park, away from traffic noise and within easy reach of parks, tennis courts and schools, this home may have strong family appeal.  Nearby there are new million dollar homes, and other homes overlooking University Park’s central park system, that offer competition.  As a remodeled two story, four bedroom home, it will be interesting to see how options and price play out.

Who will move in?  Families looking for exceptional schools like University High School, a regional park, and a well established community atmosphere near the University of California Irvine, might put this home on their list to consider.  All bedrooms are upstairs which works for children, but may not work for more mature buyers.

Recent nearby listings: 19 Queens Wreath Way, $838,000; 45 Redwood Tree Lane, $759,000
Recent nearby sales: 13 Ash Tree Lane, $849,000; 21 Aspen Tree Lane, $989,000.


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