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Irvine’s Tanaka Farm and Our Agriculture Past

Mar 19th, 2014 by Sylvia Walker 

Before the Irvine Ranch was a land development company, it had a long history in which the land was used for grazing and farming. In fact, at one time, the Irvine Ranch covered about a third of Orange County, not just Irvine.  James Irvine, who immigrated from Ireland to the U.S. in 1846 and made his money as a merchant in the San Francisco area during the California Gold Rush, bought land with partners from three southern California rancheros and became the sole owner by 1878. By 1910, the Irvine Ranch was considered California’s  most productive farm and was its largest producer of beans and barley. By 1930, the ranch's crops included beans, oranges, cauliflower, grapes, barley, and papayas as well as other crops. In the 1940’s, the Irvine Ranch started making its transition from a mostly agricultural endeavor to a mostly land development company.

In honor of Irvine’s rich agricultural past and the upcoming National Ag Week (March 23-29), following is some information on a bit of Irvine land that helps us maintain a connection to our agricultural past. This is Tanaka Farms, which is located in Irvine at 5380 3/4 University Drive 92612.

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Posted in News

Open House Review: 18 Diamante

Mar 17th, 2014 by Joy 

18 Diamante is a single level, zero-lot-line property with a mix of original features and some upgrades.  One special feature is that the house backs to a walking trail and one of the two Association pools, which provides a private and open feel to the backyard.  The home is walking distance to the pools, elementary and middle schools. 

Asking Price: $718,800
Bedrooms: 3
Bathrooms: 2
Square Footage: 1,543
Lot Size: 4,356
$/Sq Ft: $465
Days on Market: 12
Property Type: Single Family Residence
Year Built: 1980
Community: Northwood – Park Paseo

HOA dues are $85 per month and there no are Mello Roos taxes.

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Open House Review: 114 Winslow

Mar 13th, 2014 by Karen 

Today, I visited a cute cottage in Northwood Pointe’s Lanes End community.  At 114 Winslow, I found a single family home set back from the street.  With a recently reduced price and beautiful staging inside, this home is ready for a buyer.

The basics:
Asking Price: $659,000
Bedrooms: 3
Bathrooms: 2.5
Square Footage: 1,340
Lot Size: 2,187
$/Sq Ft: $492
Days on Market: 95
Property Type: Single Family Home
Year Built: 1998
Community: Northwood Pointe, Glenneyre at Lanes End

HOA dues are $134 ($94 + $40) per month and there are Mello Roos.

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Irvine Housing Overview: Condos and Houses—February 2014

Mar 12th, 2014 by Sylvia Walker 

According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market was 37.75 on February 28. As defined by Altos, this puts the Irvine single-family housing market in the seller’s market category. (Above 30 is defined as a seller’s market; below is defined as a buyer’s market.)  Altos also states that the average single-family home in Irvine has been on the market for about 108 days as of February 28, 2014.

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Posted in News

Open House Review: 2 Entrada West

Mar 11th, 2014 by Joy 

The original asking price of $850,000 dropped since the first days the home was listed.  On March 4, the price was reduced to $839,900 which I think better reflects the home and some of the recent sales in the area. 

The basics:
Asking Price: $839,900
Bedrooms: 4
Bathrooms: 2.5
Square Footage: 2,088
Lot Size: 4,792
$/Sq Ft: $402
Days on Market: 25
Property Type: Single Family Residence
Year Built: 1977
Community: Northwood – Park Paseo

HOA dues are $85 per month and there no are Mello Roos taxes.

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Open House Review: 17 Rockwren

Mar 10th, 2014 by SMS 

Woodbridge Remodeled Gables Tract Single Family Home
17 Rockwren $920,000

Recently I have seen two remodeled single family homes in the $900,000 price range in University Park.  This property offers a similar price with the contrast of nearby Woodbridge, which proved to be a magnet last Sunday, attracting a steady stream of visitors.

The 3 bedroom, 2 bath property is a remodeled single family home inside the loop that’s new to the market.  Located on a quiet cul de sac, within steps of North Lake, the home has a large lot and a hefty chunk of remodeling and upgrades working for it.

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A Review of the Harmony Tract at Pavilion Park

Mar 7th, 2014 by Karen 

This week, I will introduce Harmony, the last of the ten new collections in the Great Park’s Pavilion Park Neighborhood.  Harmony was built by K Hovanian Homes and is the second largest collection in Pavilion Park.  With homes ranging from 3,362 – 3,722 square feet, these models have starting prices from around $1,325,000 - $1,425,000.  Each home has four bedrooms, 4.5 bathrooms and a bonus room; some also have an additional office.  All homes have a 3-car tandem garage and a California room.  Phase 9 was released on March 1; it only has three houses, one of each model.  After that, there are only two more phases with four homes each before the collection is sold out.  Harmony only has a total of 41 home sites, plus the models, which is fewer than any other collection.  All homes have a minimum lot size of 6,000 square feet, though the model lots range from 6,500 – 6,700 square feet.  While the models are located near the main entrance, just off the roundabout, the actual Harmony collection is located about halfway between Irvine Blvd and Portola and along Ridge Valley on the east side of the neighborhood.  Just across Ridge Valley, the current proposal states “future affordable housing and/or place of worship.”

The standard features in this home are more upscale than in some of the other collections.  All houses have 10’ ceilings, upgraded door casings and baseboards, two-panel 8’ doors with satin nickel hardware and hinges, gas fireplaces with precast surround and hearth, 18” x 18” ceramic tile at entry, kitchen, nook, bath and laundry, recessed lighting throughout and decorative pendants above island.  The kitchens have maple cabinetry with adjustable shelves, concealed hinges and brushed nickel knobs; 2cm granite slab countertops with six-inch backsplash, full height behind cooktop; GE Profile™ series appliances including dishwasher, five-burner cooktop, built-in convection oven, microwave and slide-out hood; dual-compartment stainless steel sink and pantries for generous storage.  The master suites have ceramic tile countertops, shower and bathtub surrounds; Sterling China sinks by Kohler® with upgraded Moen® brushed nickel fixtures and accessories; 48” mirrors; recessed lighting; 6’ tub and separate shower.  The homes also have rear yard gas BBQ hookups, sophisticated exterior carriage lights, insulated exterior walls and ceilings, high-efficiency dual-pane low-e vinyl windows, dual system heating and air, energy efficient 75 gallon water heater, pre-wiring for ceiling fans in all bedrooms and family rooms and much more.

All Pavilion Park homes are currently slated to attend Canyon View Elementary, Jeffrey Trail Middle and Northwood High Schools, all part of IUSD.  However, a new K-8 school is slated to open in the Great Park Neighborhoods in 2016 and there are plans for a new high school in the area, also slated for 2016.

Basic Neighborhood Financial Information
Approximate HOA Dues: ranges from $138-193 per month, subject to approval of the Bureau of Real Estate (note: all other collections list HOA at $193)
Approximate Tax rate: 1.17%
Approximate Mello Roos (aka Community Facilities District tax): range from $7,500 - $8.600, subject to an increase by 2% per year
Base Prices will only be released to interested buyers, but start around $1,323,000.

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Posted in New Homes
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