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Open House Review: 180 Pineview

Posted: 14 Jul 2014 04:00 AM PDT

This home is the largest plan in the Lakes Community of Northwood and has a rare attached two car garages.  It is a two level condominium, with kitchen, dining area and living room downstairs and two bedrooms upstairs with a jack-and-jill bathroom.  I have reviewed other units in the community, but none had an attached garage. 

Asking Price: $464,888
Bedrooms: 2
Bathrooms: 1.75
Square Footage: 1,366
Lot Size: 1,307 square feet
$/Sq Ft: $340
Days on Market: 65
Property Type: Condominium, Residential
Year Built: 1978
Community:  Northwood, The Lakes

HOA dues are $310 per month and there are no Mello Roos taxes.

The home is a middle unit, sharing walls with neighbors on each side.  Unlike some of the other homes in the middle of the tract with an open patio, 180 Pineview is at the end of the row of condominiums so it has more of a private patio with walls on the left and right and opens in the front to the stream.  This home is move-in ready with an updated kitchen, wood floors throughout, fresh paint, updated bathrooms, and laundry hookup located in the attached garage.  The downside of the home is it has original windows and the deck upstairs need to be replaced. It also seemed that it lacked some natural light due to the trees and placement of the home.     

Upon entering, you walk onto a marble floor with the garage entrance to the left and half bathroom straight ahead.  Immediately to the right is the kitchen with a walk-through into the dining room that looks out to the stream through large windows.  The kitchen is galley style with wood floors, a small eating nook which faces out to the front, upgraded neutral cabinetry, granite countertops, white appliances and a small pantry. 

At the end of the kitchen is the dining room.  It is a good size area with floor to ceiling windows that look out to the stream and trees.  

The living room is next to the dining room.  With the cathedral ceilings, large sliding glass door and a large window that sits above the slider, the room seems spacious and airy.  On the backside of the kitchen is the living room’s fireplace.  The sliding door opens up to a tiled patio.  It is partially enclosed with walls on each side, but is not completely private with access to the neighbor’s patio through some bushes. 

The half bathroom is updated with marble flooring, new sink and lighting. 

Once upstairs, there are two doors on opposite ends of the hall leading to the bedrooms.  The first bedroom has an opening in the wall with shutters to close for privacy.  With cathedral ceilings and large windows, the room is light.  A walk-in closet sits next to the bathroom.  The bathroom is remodeled with marble flooring, new sink, lighting, mirror and Jacuzzi tub.  There is another door next to the sink, leading into the other bedroom’s vanity and closet area. 

The second bedroom is a good size.  It has a large sliding glass door leading out to a wood balcony.  The balcony is in need of repair and I did not feel comfortable standing on it, but I am not sure if it is the HOA or the owner’s responsibility to repair it.  However, once repaired it is a beautiful, tranquil area that overlooks the stream.  There are two mirrored sliding closets in a short hallway with a single sink at the end.  There is a sliding door that leads into the other bedroom’s bathroom.  It would have been nice if the closet/vanity area had a privacy door in the case someone from the other bathroom opened up the sliding door.  The privacy door would also be nice for noise and light in the mornings and evenings if someone was still in bed trying to sleep. I would prefer if a toilet was added so the one bathroom would not need to be shared as often. 

The updated condominium has back on the market after it fell through escrow. The home sits near the entrance to the community, and is just down the street from Santiago Hills Elementary School and walking trails.  There is plenty of street parking outside of the entrance for guests to park  The home seemed to lack some natural light downstairs but it had a nice view of the stream and trees. The only other things I would want to update the home with is a full second bathroom upstairs and a new balcony.  The biggest selling point is the attached two car garage with laundry hookup and the semi-private patio. 

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Irvine Housing Overview: Condos and Houses—May 2014

Posted: 09 Jul 2014 04:00 AM PDT

Below are numbers provided by Redfin for Irvine’s May housing market. (Note: The June number will be available in a few days.) The numbers are broken down so that the statistics for condos and houses can be seen.

At our last look at these numbers, a lot more homes in all categories sold in April than was true earlier this year, and more homes were on the market in April than was true earlier this year. The May numbers show the number of homes on the market is continuing to rise; however, the number of homes sold has slowed down.

Also note that Altos Research states that the Market Action Index (MAI) for Irvine’s single-family housing market was 37.08 on June 27, 2014. According to Altos, above 30 indicates a sellers’ market, below 30 indicates a buyers’ market.

Following is Irvine’s 2014 housing market data as provided by Redfin.

Type List Price/# Homes Listed Sold Price/# Homes Sold List Per SF Sold Per SF % Chg Y-O-Y Sold Price/SF
Houses          
14-May $1,060K/334 $895K/100 $444 $448 8.50%
14-Apr $1,096K/270 $900K/97 $447 $440 11.70%
14-Mar n/a n/a n/a n/a n/a
14-Feb $1,090K/203 $905K/57 $451    $420    10.50%
14-Jan $1,082K/170 $832K/62 $461    $429    22.20%
           
Condos          
14-May $590K/332 $570K/125 $413 $402 5.20%
14-Apr $590K/310 $550K/125 $411 $394 4.50%
14-Mar n/a n/a n/a n/a n/a
14-Feb $599K/248 $560K/80 $406    $395    13.50%
14-Jan $603K/226 $626K/58 $406    $392    20.60%
           
All          
14-May $788K/704 $722K/238 $422 $421 7.40%
14-Apr $778K/618 $678K/247 $425 $409 7.60%
14-Mar $799K/487 $680K/na $435    $407    n/a
14-Feb $745K/479 $665K/145 $421    $400    10.50%
14-Jan $412K/422 $688K/130 $422    $412    23.40%

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IRWD Indoor Water-Use Rebates

Posted: 02 Jul 2014 04:00 AM PDT

“Together, toilets and clothes washers account for approximately 45% of the water used inside your home.”

Last week I wrote about rebates for outdoor water-saving devices. Since about 70% of California water use goes to home landscaping, saving water in this area can greatly cut down on residential water use and, therefore, cut down on energy use and homeowner costs. This week’s post is about rebates for two standard, high-water using items in all homes—clothes washers and toilets. These rebates will also help homeowners save water, energy, and money.

High-efficiency clothes washers use about 55% less water than standard washer. Less water use also means that less energy will be used. And tests show that high-efficiency clothes washers last longer, and most are more energy-efficient. This means a lower energy bill as well as a lower water bill. Rebates for high-efficiency clothes washers start at $85.

Here are some tips that will help you save even more water, energy, and money when using your clothes washer:

Run full loads, if at all possible.
If small loads are necessary, match the water level to the load size.
Replace leaking or cracked valves and hoses immediately.
Use preventative maintenance to avoid a breakdowns or a costly flooding.

For more information, see the SoCal Water Smart High-Efficiency Clothes Washers webpage.

High-efficiency toilets (HETs) use about 20% less water than standard toilets. Rebates start at $50. For a list of qualifying models, see the qualifying products webpage. For a list of qualifying four liter models, go to the High-Efficiency Toilets webpage, then click on the four liter model link to download the file. For the answers to some frequently asked questions, see the FAQ page. And for additional information, see SoCal Water Smart High-Efficiency Toilets webpage.

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Open House Review: 17 Soaring Hawk

Posted: 01 Jul 2014 04:00 AM PDT

Detached, Upgraded Woodbridge Single Family Home in Outer Loop
17 Soaring Hawk  $820,000    

Turning off Culver onto Main and then taking Timberwood to Soaring Hawk leads to this upgraded single family detached home in the outer loop.  New to the market, about 5 days, and nicely remodeled, this 3 bedroom, 2 bath property also raises the question of location.  Recently I have seen several properties in the outer loop in Woodbridge that have been nicely upgraded.  In the market it is interesting to see how price plays out with homes that sit closer to Culver traffic.  Woodbridge’s prime lake recreation, community atmosphere and top schools are all part of the package with location being the only difference from many other similar properties inside the loop.

Significant Numbers: Built in 1984, this 1,633 sq. ft. 3 bedroom, 2 bath home sits on a 4,356 sq. ft. lot. HOA dues are $80 and the price per sq. ft is $502.   Public records show this home sold for $630,000 in 2010.

Close up: From the custom brick landscaping at curbside on through the home to the complete brick planter and entertainment layout in the rear patio, the home creates a feeling of relaxed ease.

Stepping inside an inviting atrium with fountain is straight ahead and a spacious living room is on the right. The living room has a striking library wall with custom built-in bookcase and ladder, cozy window nook and fireplace.  Cathedral ceilings with skylights, lush carpet and new ceramic tile make the most of this breezy light filled single level floor plan.

The dining room has ceramic tile flooring and overlooks the atrium.

The newly remodeled kitchen with granite and stainless appliances sits next to the family room that opens to the patio.

The patio has custom brickwork, a retractable cover and a built in barbecue making the most of the outside space.

More specifics:
Single family
Bedrooms, 3
Baths, 2
Detached, no common walls
Central furnace, central air
Laundry inside
Attached two car garage
Two parking spaces
Association pool, spa
Irvine Unified School District

What should be considered? The outer loop location near Culver paired with many upgrades will be evaluated. Just around the corner from the property there is a local park and South Lake is within walking distance. Along with top local schools at all levels this makes Woodbridge a key player in the Irvine market. Being a completely detached home is another big plus for this home.

Who will move in?  A family looking for top schools and equally great lake recreation facilities may choose this home. A family with older members who needs a single level home may check this one out. Professional couples who like to entertain and are looking for access to Irvine and Orange County’s many options may choose this home too.

Recent nearby listings:  28 Bahia, $900,000; 22 Queens Way, $685,000.
Recent nearby sales: 14 Whistling Isle, $845,000; 57 Barcelona, $860,000

 
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