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Open House Review: 205 Falling Star

Jul 15th, 2014 by SMS 

Single Family Detached 4 Bedroom, 3 Bath Woodbridge Home Inside Loop
205 Fallingstar $869,000

Drive down West Yale Loop until it turns into East Yale Loop and then make a quick left on Fallingstar.  There, in the first house on the corner you have a hint of what the ‘inside the loop’ designation does to the price. This 4 bedroom, 3 bath home is just barely inside the loop, sitting on the corner of Yale Loop, but its price is similar to several homes that I have seen in the outer loop recently that have more options and more upgrades.  The question the buyers have to ask is what counts the most for them. Over the weekend, open house visitors were coming through, some talking about planning purchases in time for school in the fall.  The broker was also suggesting the property could be an excellent investment rental.

Significant Numbers: This two level, 4 bedroom, 3 bath home has been on the market a little over 20 days. It is 1,900 sq.ft, sitting on a 3,485 sq. ft. lot at $457 per sq. ft. HOA dues are $82. The home was built in 1984.

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Open House Review: 180 Pineview

Jul 14th, 2014 by Joy 

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.

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Irvine Housing Overview: Condos and Houses—May 2014

Jul 9th, 2014 by Sylvia Walker 

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
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%
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%
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%

Posted in News

IRWD Indoor Water-Use Rebates

Jul 2nd, 2014 by Sylvia Walker 

“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.

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Posted in News

Open House Review: 17 Soaring Hawk

Jul 1st, 2014 by SMS 

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.

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Open House Review: 1 Clinton

Jun 30th, 2014 by Joy 

At the beginning of the month I reviewed the same layout as 1 Clinton at18 Prescott, less the loft.  You can read it to get a comparison of the two properties.  1 Clinton is a two level townhome with two bedrooms.  It is located in an area with very low traffic due to surrounding cul-de-sac streets.  Unlike 18 Prescott, I did not notice any street noise from Irvine Boulevard, but 19 Prescott made small changes to update the home.  This home is an end unit which brings in additional light in the staircase and provides more privacy in the patio area.  The price has recently dropped from the $549,000 price to $529,000


Asking Price: $529,000
Bedrooms: 2
Bathrooms: 2.5
Square Footage: 1,424
Lot Size: 2,178
$/Sq Ft: $371
Days on Market: 59
Property Type: Townhome Two Level
Year Built: 1980
Community: Northwood – Sheffield Manor

HOA dues are $245 per month and there are no Mello Roos taxes.

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Open House Review: 2 Alameda

Jun 27th, 2014 by Joy 

Today I saw a two level home featuring a bedroom on the ground floor.  2 Alameda is in Northwood’s Park Paseo Community.  It sits on the corner of a cul-de-sac street with Santiago Hills Elementary School and the community pool, clubhouse and tennis courts at the end of the cul-de-sac. Children can walk to Santiago Hills Elementary School without crossing any streets. 

Asking Price: $850,000
Bedrooms: 4
Bathrooms: 3
Square Footage: 2,271Lot Size: 3,920
$/Sq Ft: $374
Days on Market: 16
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.

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