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Open House Review: 2 Christamon East

Posted: 25 Jul 2014 04:00 AM PDT

Today I saw a two level home featuring 4 bedrooms plus a loft.  2 Christamon East is located in Northwood’s Park Paseo Community.  It sits on the corner entrance of a cul-de-sac with three streets surrounding it and is the only model with an open loft.  The backyard backs to Park Place (a non-residential street) with the entrance to Christamon on its side, and Christamon East in front of the home. 

Asking Price: $924,888
Bedrooms: 4
Bathrooms: 2.5
Square Footage: 2,474
Lot Size: 4,356
$/Sq Ft: $374
Days on Market: 13
Property Type: Single Family Residence
Year Built: 1978
Community: Northwood – Park Paseo

HOA dues are $89 per month and there are no Mello Roos taxes.

This home is in clean condition and has been partially upgraded.  The kitchen is partially remodeled, some of the floors have been updated with tile and all of the lighting has been updated.  The backyard has been completely remodeled with new hardscape. The ceilings have not been scraped and some of the bathrooms and kitchen features are original.  The windows are original, but have been decorated with plantation shutters.  The paint is clean and the carpet and tile floors are in good condition.  With the location on the corner there was noticeable noise from random passing cars.  The home feeds into Santiago Hills Elementary School, Sierra Vista Middle School and Northwood High School.  The elementary and middle schools are walking distance from the home. 

Entering the double front doors, the vaulted ceilings provide a sense of spaciousness.   To the right are the living and dining rooms.  An abundance of natural light comes in from the large windows throughout the entrance, living and dining rooms.  The tile flooring in the entrance area creates a path leading to the back of the home.   The living and dining room have clean tan carpet.  The living room is a step down from the rest of the home and opens up to the dining room.  The dining area is a decent size.   

Beyond the dining room is the kitchen to the right with an eating nook and a step down family room.  The back wall has two sliding glass doors and three windows, in addition to the garden window above the kitchen sink, so there is plenty of natural light flooding the area.  One of the two sliding glass doors is located next to the sink in the kitchen and the other is in the family room. The light tile flooring from the entrance flows throughout the kitchen, family room, bathroom and laundry room. 

Granite tile countertops, black appliances and recessed lights are renovations found in the kitchen.  The cabinets are original but have been painted white. There is plenty of counter space and cabinets, but the kitchen lacks a pantry.  A small eating nook sits in front of a large window, between the kitchen and family room.

The family room is also a step down from the kitchen.  It is an open solution with a rail separating the two rooms.  A brick fireplace sits along the back wall.  Off the back of the family room is the coat closet and short hallway with a powder room, a laundry room and garage entrance.  The bathroom has been updated with a new sink, black granite counter and white cabinets. 

Having an indoor laundry room is a bonus especially since it is not found in most Northwood homes.  There are cabinets which sit above the side by side laundry machines.  On the opposite wall is a large storage cabinet which sits beneath the stairs. 

The backyard is nicely hardscaped with a built-in curved bench wrapping around a fire pit, concrete and brick patio, as well as two lattices over each of the sliding glass doors.  The backyard sits higher than the street, so there is a sense of privacy, however the street noise can easily be heard from the yard.  There is no grass in the backyard, but plenty of space for entertaining.

Once upstairs there is a set of linen cabinets sitting between the master and secondary bedroom.   The bedrooms all have neutral carpet and the bathroom have basic tile floors. A ceiling fan is installed in each of the bedrooms. 

The master faces the front of the house and is a nice large room.  Entering through the double doors, a sliding double mirrored closet door sits to the left.  Across from the closet is the bathroom with double sinks and a separate walk-in shower and toilet.  The lighting above the sink has been updated and there is plenty of counter space. The counters and cabinets are original but in very clean condition.  The cabinets look like they were stripped and stained, so it is a nice modern look.  The shower is large with a small corner bench.  It still has the original 4x4 tiles.  Without a privacy door, there might be some light and noise that affects another person in the bedroom, however unlike many other open solutions, the entrance to the bathroom sits across from the closet and not across from the bed itself. 

The upstairs bathroom has one sink with good counter space and a shower/tub combo.  The cabinets are original but have been lightened.  The lights have been updated.  The tub and 4x4 tile surround are original.

All secondary bedrooms face the backyard and looks over Park Place.  Two of the bedrooms are similar in size with a small double sliding closet.  The third bedroom looks slightly larger with a larger closet as well.

Across from the third bedroom is an open loft which is currently used as another living room space with couches and a television.  It is a great added space if you want another entertainment area, office or playroom.  Some models have enclosed the loft to create another bedroom. 

Although some of the features are original, the home is in clean, good condition.  It is nicely located down the street from the Santiago Hills Elementary school, on a cul-de-sac street and steps away from the community clubhouse, pool and tennis courts.  The extra loft is a great feature and the backyard is nicely redone.  A big consideration of the home is the location with the three streets surrounding the home.  However, Park Paseo is not a main street and traffic is not heavy in front of the home.  

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Do the Top Five Trends in Today’s Real Estate Market Apply to Irvine?

Posted: 24 Jul 2014 04:00 AM PDT

“The Healthy City Healthy Planet initiative is an affirmation of Irvine’s long-held commitment to health, fitness, well-being and the sustainability of our community.

Through the integration of multiple practices into all aspects of City planning and the delivery of municipal services, we are actively supporting the health of our City, our citizens and our planet on a daily basis."City of Irvine, Healthy City Healthy Planet webpage

Now and then, it is helpful to zoom out and take a look at the larger picture. And then zoom back in to see how that applies at home. That is what we are going to do in today’s post. We are going to take a look at what panelists and speakers at the 48th conference of National Association of Real Estate Editors said are the top five trends in today’s real estate market. They point out that being aware of these trends and adjusting your buying or selling strategy to take advantage of these trends will be beneficial whether you are planning on being a buyer or seller in today’s real estate market.

You can answer for yourself if you think that these trends apply to Irvine’s current real estate market—and, if Irvine is a healthy city that contributes to a healthy planet.

Energy Efficiency

One of the hottest topics at the conference was energy efficiency, “which has become one of the most coveted features among home buyers. That’s true even at the upper end of the market, where wealthy homeowners don’t have to sweat steep utility bills, but still they want their homes to run at optimal efficiency.” The suggestion to buyers looking to optimize the value of their home purchase was to look for energy-efficiency features. Energy Star appliances, high efficiency windows, and well-insulated attics are a few energy-efficient items a prospective buyer might look for. The prospective buyer might even ask for a year’s worth of utility bills to better gauge what the cost of owning the home would be.

Credit
“Most Americans still can’t afford a mortgage, according to Anthony Hsieh, CEO and founder loanDepot. The average FICO score on mortgages stands above 750, compared with 710 in 2010. If you have solid credit, you’ll be able to take advantage of the still historically low interest rates. If not, you need to get your score up, and quick, since economists expect mortgage rates to tick above 5 percent in 2015”. 

If you currently have a good interest rate that is locked in, advice was given to reconsider selling your home at this time. It might make more sense to hold on to your home, and if you really want those new features, consider remodeling.

Lifestyle Amenities
“For the first time ever, today’s kids might have shorter lifespans than their parents.”--Rachel MacCleery of the Urban Land Institute.”  And the way we have built our communities, which discourages walking, is part of the problem. The result is that the old model for building neighborhoods is losing favor: “People want to live closer to work and they’re looking for modes of transportation that don’t involve getting in their car.”--Bob Eury, executive director of the Houston Downtown Management District. Walkable residential development and transportation options that involve more than The-Car-Is-All model are becoming more popular. Smooth sidewalks, tree-lined streets and paths, bike trails and lanes, and easy access to playgrounds and nature are some of the features that today’s buyers are finding more and more desirable.

 

Water Efficiency

Water efficiency is becoming just as important as energy efficiency. (Actually, it takes a lot of energy to move water from one location to another, so energy efficiency and water efficiency are intertwined.) “Nearly 2 billion people are projected to live in scarce-water regions by 2015. In the U.S., groundwater depletion rates are accelerating at a rapid clip, and the western drought is creating severe stress for farmers and cities alike, according to the Counselors of Real Estate.” This is making water-efficient homes more desirable. Some water efficient features that home buyers might look for are water-smart landscaping (even for people who don’t live in a drought zone) as well as water-efficient fixtures, such as toilets, faucets, and showerheads.

Online Real Estate

With easy access to the online world, including the online real estate world, some are questioning if a need for real estate agents still exist. Rick Sharga, executive vice president at Auction.com, has some encouraging but cautionary words for today’s real estate agents: “This is an opportunity for agents to reinvent themselves and figure out what their value proposition is for consumers on a go-forward basis.”

What do you think? Do these five nationwide trends as stated at the National Association of Real Estate Editors conference, apply to Irvine? And is Irvine a healthy city that provides its citizens and, by extension the planet, a healthy, happy life?

Source: Consumer Reports

Open House Review: 18845 Tabor Drive

Posted: 23 Jul 2014 11:50 AM PDT

Newly Renovated Detached Single Family Turtle Rock Home
18845 Tabor Drive   $1,249,000

Turning off of Turtle Rock Drive onto Grossmont takes you back to Tabor Drive which sits near Culver in this prime neighborhood. But more interesting than the location is the transition history of this 4 bedroom, 2 bath single family home.  According to public records, the home sold in June, 2014 for $912,000. It is now back on the market (about 10 days) at $1,249,000.  From 2007 to 2014 the property was listed, delisted, and had a pending sale in February, 2014 that did not go through.  Now potential buyers will be weighing the new renovation as a finished package against the new price.

Significant Numbers: Built in 1968, this single level 4 bedroom, 2 bath home is 1,800 sq. ft. on a 5,663 sq. ft. lot at $694 a sq. ft.  HOA dues are $25 a month. The broker/owner said the whole home and outside areas had been renovated.   

Close up: from curbside all the way to the back yard this home has a lot of ‘new house’ characteristics. Fresh landscaping, travertine flooring, nicely upgraded carpet, new baseboards, crown molding, scraped ceilings and recessed lighting establish the look, along with some nice staging.

To the right of the entry the living room has a new custom stone fireplace.

On the left, steps lead to the newly landscaped atrium that parallels a formal dining room.

The  large remodeled kitchen has granite counters, an island breakfast area and  a gas stove conversion with a gas extension to the patio for a barbecue.

A good sized family room area sits next to the kitchen and accesses the patio.

The rear patio with fruit trees and side yard with a custom entry gate and the atrium are visible throughout the home.

The separate master bedroom has a remodeled bath in stone with upgraded fixtures and new shower doors and it accesses the atrium.

There are 3 additional bedrooms and another remodeled bathroom in stone with upgraded fixtures.

More specifics:
Single family home
Bedrooms, 4
Baths, 2
Detached, no common walls
Two car garage
Two parking spaces
Laundry in garage
Central air conditioning
Association pool, spa
Irvine Unified School District

What should be considered? The new price and the new renovation will be assessed along with the key Turtle Rock neighborhood that offers prime schools, and parks. Nearby there is University High School and Turtle Rock Elementary, along with easy access to the University of California Irvine.

Who will move in?  As a single level home with 4 bedrooms more mature families or families with more than one generation will be attracted. There are a few steps in a few places that may be seen as dramatic accents, or difficulties depending on the buyer.  A good sized active family with middle school or teens will be attracted to the 4 bedroom home layout in a prime Irvine area.

Recent nearby listings:  18801 Tabor, $1,375,000; 4962 Paseo de Vega, $975,888

Recent nearby sales: 5082 Harcum $1,200,000; 18856 Via Messina, $1,150,000

 
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