Irvine Housing Blog

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Open House Review: 420 E. Yale Loop #31 Posted: 05 Feb 2013 04:00 AM PST 420 E. Yale Loop #31   $574,000 Woodbridge Condo Returns to Market Driving over to this Woodbridge condo in the South Lake  area I was interested to see what the total package would be.  On the market about 45 days, this home was first shown vacant, and later staged, playing up the spacious floor plan and numerous upgrades. Significant numbers: This two level, three bedroom, three bath home is 1,749 sq. ft., at $328/sq. ft. with HOA dues of $467.  Built in 1985, the home was listed in December at $598,000. It is now listed at $574,000. It was sold for $430,000 last October. There is no Mello Roos. Close-Up: Stepping inside there is a crisp feel to the overall upgrades with a new wrought iron staircase, new lighting and chandelier, designer tile, carpeting and paint effectively setting the stage. A good sized living room with fireplace and a formal dining area ringed with shuttered windows leads to an all new kitchen with granite counters, stainless appliances and designer wood cabinets.  The breakfast nook and family room complete the flow of the floor plan. The bathrooms have been remodeled with spa and tub in the master suite. There are double vanities, walk-in closet and mirrored closet doors too. The outside covered patio has planter areas and room for a barbecue. Specifics: Bedrooms, 3 Baths, 3 One common wall attached Double garage Association pool and spa Double garage 2 parking spaces Irvine Unified School District What will be considered?  Woodbridge’s lakes and many recreational facilities coupled with a roomy floor plan with 3 bedrooms and 3 baths and an overall remodeling will give this condo an edge.  The sales history in a shrinking market will also be reviewed.  Who will be moving here? An active family looking for excellent schools and the Woodbridge park and lake setting will be attracted to this home.  Buyers looking for a first home in Irvine or an investment in the Woodbridge area will also be attracted.  Recent listings:    16 Carnation, $575,000; 3 Pearleaf, $559,000.                                                    Recent sales: 1 Spring flower #144, $519,000; 164 Greenmoor, #70, $485,000.

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Irvine Housing Blog

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Attached or Detached? Posted: 04 Feb 2013 04:00 AM PST Inventory as of February 2nd, 2013: 223. As Irvinites take the Christmas lights off, and drag their tree away for recycling, they couldn't help but notice that the property prices are on the rise. Now that the house was getting professionally cleaned post-holidays, many thought why not, lets test the market - if WTF listing price works, might as well make some money and trade up! As I scanned through the twenty listed properties in North Park/ West Irvine area, I noticed a familiar address. 10 Mineral King. I had covered this blog in my previous blog "Kings of their domain".  The property was listed at $699,800 then, and delisted, and now it's listed at $719,000. Listing Price: $719,000 Beds: 4 Baths: 2.5 Sq. Ft.: 2,477 Price/Sq. Ft.: $328 Property Type: Residential, Single Family Style: Two Level, Other Year Built: 2000 Community: North Park Builders Tract Name: Evergreen Builders Tract Code: EVRG Builders Model Code: 4 Monthly Mortgage: $2,563 HOA Dues: $328/month ($183+$145) Property Tax ( 1.0593%):  $7616 Annually Mello Roos: $1,401 Annually Monthly Property Tax+ Mello Roos: $751 Fixed Monthly Expenses: $3,642 Here is a brief sales history for 2012: 12 Millbrae  $292/SF 7 Three Rivers  $300/SF 17 Crescent City $276/SF 16 Crescent City $278/SF 16 Apple Vly  $289/SF 14 Apple Vly  $278/SF Why do these Single Family Residences sell for much lower than the trending $350/SF+ in North Park? Partly because all these are listed as "attached" Single Family Residences. What are attached Single Family Residences? They share a wall with their neighbor, just like Condominiums, but you own the land below your building.  Also, this particular property has two HOA dues just like a condominium, adding up to $328 per month. Floor Plan: At 2477 SF, the house is spacious, but all the bedrooms, and retreats and full size bathrooms are upstairs. There is no guest bedroom, or home office downstairs. Also, the for the house this size, the kitchen looks cramped. There is no significant yard either. Most of the condominiums have bigger yards. Also, two and a half bathrooms are too little for a four bedroom house. For the same price, what else is on the market close-by? 12 Proclamation Way. Comparing a property from West Irvine to North Park isn't a fair comparison, but unless you are hung up on a particular builder, these do fall under the same zip code and share the same sales statistics. Listing Price: $799,000 Monthly mortgage: $2864 Mello Roos: $1129 Property taxes: $8463 Taxes + Mello Roos Monthly: $799 Fixed Monthly Expenses: $3663 What would you do? Would you buy an attached property in a guard gated community with all bells and whistles, or a detached property? Would the builder's name change your decision? Do you check pending litigations, and past records of the builder before buying? Comment below, or share your thoughts at Talk Irvine.

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architecture 4 us

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Leed Certified Ellis Residence a Sustainable Renovation Project Posted: 03 Feb 2013 11:56 PM PST Ellis Residence is a sustainable renovation project done by Coates Design Architects, an architectural firm from Seatlle. It is a LEED certified with Platinum level. This project turned an ordinary house into a sustainable architecture building house. This project used more than 80% of the existing materials to be reused. Some sustainable features were also provided, such as triple-glazed windows, sustainable energy resources from photovoltaic panels and geothermal heating which may cut 70% of the energy consumption, 3,000 gallon rainwater collection system, FSC certified and recycled wood materials, green roof, and the using of smart construction techniques. This green architecture house consists of two parts, the main house and the garage-studio part. The studio is located above the garage, as a cantilevered studio. The space below it is an open car port. Separated from the garage by the rainwater collection cistern, the main house has Pacific Northwest's contemporary architecture style. The openings provide natural daylighting and  maximal view access. Materials used for the eco construction were chosen carefully. As mention above FSC and recycled wood materials were used. Concrete materials were also used for flooring. The drive way is covered by  permeable pavers. This eco architecture house received the LEED Platinum Certification and became one of the first LEED Platinum homes in Northwest. ref

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Irvine Housing Blog

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Closed Sales from 1/24/2013 to 1/30/2013 Posted: 01 Feb 2013 04:00 AM PST Date Sold Address Zip Tract Sold Price Beds SqFt Airport Area           1/25/2013 2251 Watermarke 92612 Watermarke (WATR) $480,000 2 1450               Columbus Grove           1/24/2013 33 Water Lily 92606 Lantana $898,500 4 2803               El Camino Real           1/28/2013 31 Oval 92604 Walnut Square $321,000 2 1044 1/28/2013 15191 Touraine 92604 Ranch $920,000 4 2550               Northpark             1/24/2013 5 Grapevine 92602 Manchester $1,075,000 4 3250 1/30/2013 20 Spyrock 92602 Campanile $815,000 3 1995               Northwood           1/24/2013 5 Lakepines 92620 Lakes, The $351,400 2 1369 1/24/2013 26 Bamboo 92620 Camellia $1,018,000 5 3100 1/24/2013 33 Trailing Vine 92602 Tamarisk $390,000 2 1186 1/24/2013 55 Essex 92620 Carlyle at Lanes End $730,000 3 1990 1/25/2013 153 Trellis 92620 Glenneyre at Lanes End $472,000 2 1039 1/25/2013 209 Springview 92620 0 $180,100 1 639 1/30/2013 178 Streamwood 92620   $161,000 1 639               Orangetree           1/25/2013 245 Tangelo 92618 unknown $240,000 2 1000 1/28/2013 7313 Apricot 92618 * $336,500 2 975               Portola Springs           1/25/2013 41 Distant Star 92618 Ironwood $704,990 4 2423 1/28/2013 15 Sacred Path 92618 Sevilla $590,000 3 1800               Quail Hill             1/24/2013 31 Vermillion 92603 Casalon $600,000 4 1825 1/24/2013 35 Tall Oak 92603 Ivy Wreath (IVWR) $635,000 3 1800 1/30/2013 159 Stepping Stone 92603 Casalon (CASA) $490,000 3 1590               Turtle Ridge           1/30/2013 57 Arborside 92603 Arborel $755,000 3 1548 1/30/2013 118 Jadestone 92603 Ashton Green $495,000 3 1347               Turtle Rock           1/24/2013 16 San Ramon 92612 Pointe - Turtle Rock $835,000 3 2178 1/29/2013 5031 Paseo Segovia 92603 Campus View $802,000 4 2202               University Park           1/30/2013 29 Willow Tree 92612 Garden Homes (Village Park) $599,000 3 1708               Walnut             1/24/2013 3732 Blackthorn 92606 College Park $649,000 4 2535 1/25/2013 5151 Walnut 92604 Wildflower $370,000 2 1142               West Irvine           1/26/2013 95 Ardmore 92602 Sheridan Place $525,000 3 1638               Westpark             1/28/2013 5 Salina 92614 Vista West Park $772,000 4 2138 1/28/2013 8 Salerno 92614 Other $768,000 3 2187               Woodbridge           1/25/2013 23 Whitecloud 92614 Seaport $525,000 2 1355 1/28/2013 1 Bitterwood 92604 Patio Homes (WB) $636,000 3 1538               Woodbury             1/24/2013 103 Hallmark 92620 Four Quartets $525,000 2 1745 1/25/2013 98 Marblehead 92620 Montecito $875,000 4 2336 1/28/2013 123 Regal 92620 Garland Park $460,000 3 1735

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