Open House Review: 420 E. Yale Loop #31

Feb 5th, 2013  
by SMS  in Real Estate Analysis

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.

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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