Open House Review: 5031 Paseo Segovia

Jan 9th, 2013  
by SMS  in Real Estate Analysis

Turtle Rock Townhouse Magnet                    
5031 Paseo Segovia $834,300

The Sunday open house traffic was brisk over the holiday weekend as this Turtle Rock single family home opened its doors and a steady stream of visitors trooped through.   Just up the hill from Campus Drive off of Turtle Rock Drive, the home is vacant and back on the market.

The home was listed in September, taken off the market with an October offer, and returned to the market in December.

Significant Numbers: Built in 1973,  the home is 2028 sq. ft.,  on a 3,744 sq. ft. lot. The  $/sq. ft. is $379.  HOA  dues are $150. There is no Mello Roos tax and this is a standard sale.  This 4 bedroom, 2.5 bath, two level contemporary home has been remodeled throughout, but bathrooms appear to be original.

CloseUp:  Situated across from the greenbelt, on a secluded street, a spacious courtyard leads into a large living room with shutters, gleaming wood laminate floors,  and sliding glass doors and windows overlooking greenery.  There is an enclosed patio and a small backyard.

The overall impression is light, bright and ready for a new imprint. It’s easy to picture this home operating as a comfortable entertainment/family base.  It could be a fresh canvas for the right buyer, an appealing property in a prime spot in Turtle Rock.

The fireplace in the living room has a custom wood mantel and there is another stacked stone fireplace in the family room. Throughout the home there are vaulted and scraped ceilings,  custom paint, custom baseboards, and crown moldings.

The kitchen has been remodeled with custom tile countertops and backsplash, upgraded appliances and a garden/bay window.

There is a main floor bedroom and the second floor has three good sized bedrooms with two baths.

The home also has a newer tile roof and copper plumbing.

More Specifics:
Bedrooms, 4
Baths, 2.5
Forced air, central air
1 common wall attached
Association pool and spa
Double garage, 2 parking spaces
Irvine Unified School System

What should be considered? The home size, location, age and upgrades will all come up for evaluation. With four bedrooms, including one downstairs, two fireplaces, and ample square footage in Turtle Rock, buyers may compare this property with others that are similar in Irvine.  The schools, recreational options and overall setting should be competitive.

Who will be the next owner?  A family looking for good schools in Turtle Rock will be attracted to this home. A family needing space, and a downstairs bedroom, might also choose this home. Professionals who are working in Irvine or involved with UCI will appreciate the location.

Recent listings:   7 Windsor, $835,000; 26 Summerwind, $739,900.                                 

Recent sales: 4912 Basswood sold for $799,000 in November and 5412 Sierra Baja sold for $959,000 in November.

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3453.0.html


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