Open House Review: 37 Canopy

May 14th, 2013  
by SMS  in Real Estate Analysis

Quail Hill Surprise Package Condo                                        
37 Canopy   $999,888

Driving up Knollcrest in Quail Hill, I noticed several other streets that I had visited.  But I was a little surprised at what I encountered, turning on Peppercorn and then onto 37 Canopy. 

This 2 story condo has some prime assets and a price tag that is just a smidge under a million dollars.  As a 4 bedroom, 2.5 bath detached home in the desired end unit position, it has canyon, hill and city light views, plus a 3 car garage.

For the buyer this could mean comparing this property with million dollar plus homes that have recently sold in Woodbridge near South Lake and in Turtle Rock. They have been slightly higher, but have also offered prime locations with more home and lot space.  

Space is always a little snug in Quail Hill. But, in this case, the home makes the most of its space with a fluid floor plan revolving around the backyard/patio with its nonstop view. 

Significant Numbers:  This 4 bedroom, 2.5 bath home was built in 2003. The HOA is $207; $/sq. ft $470. The home is detached with no common walls and has been on the market about a month.  It’s 2,100 sq. ft. on a 3,000 ft. lot. There are Mello Roos taxes.

CloseUp:  Walking up the path with a view of rolling hills off to the right, the entry opens with a music room to the left.  On down the hall the living room with natural stone fireplace is also on the left with the dining room and kitchen on the right, and a family room across the way.

One of the home’s best features really is the three separate French door entrances that open to the backyard/patio and the view. All the logistics of family time, parties, and privacy are easily handled as the backyard/ paved patio becomes a natural hub.

A sophisticated kitchen with Caeserstone quartz counters, full back splash and center island, upgraded 5-burner cooktop, custom cabinetry and stainless appliances, sits next to the dining room, which leads out to the patio.

All bedrooms are upstairs, including the master suite that has a view balcony,  and  bath with a whirlpool Jacuzzi tub. There is also a good sized walk-in closet. The home  includes interior fire sprinklers, a surround sound entertainment system, plantation shutters, custom paint, a designer wrought iron staircase and upgraded carpeting.

Specifics:
Bedrooms, 4
Baths, 2.5
3 Car Garage, epoxy floor
3 parking spaces
Forced air heating and air conditioning.
Detached with no common walls
Association pool
Irvine Unified School District

What will  be evaluated?  Starting with the prime view from the key end unit position in the center of Quail Hill, then adding an open floor plan with 4 bedrooms and 2.5 baths,  top schools and a natural setting, this home will be compared  with other properties in this price range in Irvine and OC.  In the end, individual priorities usually deliver the deciding vote.

Who will move in? A young, active family looking for top schools and great local recreation will be drawn here.  Professional couples who travel a lot, and entertain at home, might choose this one too. Others who like the nearby freeway access, plus the closeness to Laguna and nearby beaches might settle here.

Recent listings nearby:    297 Tall Oak, $728,000; 11 La Quinta #11, $1,095,000.  
Recent Sales:
93 Canopy, $800,000; 61 Canopy, $925,000

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3846.0.html


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