Open House Review: 35 Waterway

Nov 6th, 2012  
by SMS  in Real Estate Analysis

Woodbridge Lakeside Hideway            
35 Waterway $959,500

As you turn off of West Yale Loop and make your way through a nest of streets to reach 35 Waterway, the atmosphere drops back, and becomes positively mellow as you approach this lakeside community.

Inside, there is a distinct “this place has it together” feeling.  Nicely done with a contemporary design on two floors, you can easily see life flowing through this condo, moving from the kitchen, to the dining room, on into the living room and family room and out to the balconies overlooking the water.

Significant Numbers:   This 3 bedroom, 2.5 bath lakeside condo has 2,700 sq. ft.  Built in 1985 it has been on the market 45 days.  HOA dues are $292. $/sq. ft is $355.  There is no Mello Roos. This is a standard sale. There are 80 units in the complex and an available boat ramp.

If you smile a lot when you think about never gardening again, and can easily see yourself lounging, lunching and relaxing by the water, this place may have your number.

 

 

The living room has a fireplace, garden atrium, and sliding doors opening to a large deck overlooking the lagoon. The separate family room has a brick fireplace, a vaulted ceiling and a sunny deck.

Plush carpeting, ceramic tile, travertine tile and laminated floors work well with shutters, recessed lighting and skylights to define the individual areas.

The kitchen has granite counters, updated cabinets, newer stainless appliances, a good sized nook with many windows, and wood laminate floors.

Upstairs the space is equally tranquil. The large master retreat has a separate sitting area and a balcony overlooking the lagoon. There are skylights and a walk-in closet. The master bath has been redone with dual granite vanities, soaking tub, and separate shower. The guest bath has also been remodeled with granite.

The other two bedrooms have balconies too. One of the bedrooms is being used as an office.  The laundry room with sink is also on the second floor. There is a double attached garage and the home has 9 ceiling fans and central air.

Specifics:
Bedrooms, 3
Baths, 2.5
Sq. ft., 2,700
$/sq.ft., $355
HOA dues, $292
Built 1985
Double Garage, attached
1 Common wall, attached
Two parking spaces
Forced air heating, central air
Association pool
No Mello Roos tax
Community, Woodbridge
Irvine Unified School District

What might be considered here: This polished condo on a prime Woodbridge waterside corner lot might be targeted for its investment potential. Interested buyers will be attracted to Woodbridge’s many community assets and the ample 2,700 square foot home with its numerous upgrades.

Who will move in to 35 Waterway? This could become home base for a couple who travels a lot, but always want to return to the perfect retreat.  People who work in or near Irvine and want a community atmosphere with all of the recreational bonuses of the lakes will also be drawn to this home.

Recent sales: 29 Waterway #4 sold for $1,065,000 in May, 2012.   Recent listings: 53 Lakeview #25 is listed at $999,900; 8 Harborcrest is listed at $749,800.

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3266.0.html


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