Open House Review: 59 Eagle Run

Oct 23rd, 2012  
by SMS  in Real Estate Analysis

Woodbridge Single Family Home Formula
59 Eagle Run $619,000

Having seen two striking single family homes in Woodbridge that were similar to this one, I was wondering how this one would compare.  The two homes, both in the Park Homes area were at 22 Tanglewood and 3 Woodland Drive.  Both were beautifully detailed, attracted sizeable crowds and sold quickly.

Checking out 59 Eagle Run, I found many similarities and some contrasts.  Once again this was a snug single family home in Woodbridge, priced for the current market.

Significant Numbers:   This two level single family home has three bedrooms and 2.5 baths in 1,571 square feet with a 3,240 square foot lot.  Built in 1979, the HOA dues are $140 and the $/sq. ft. is $394.00

CloseUp: Pulling up to this home the view from the street was inviting, and stepping inside that message was repeated. But there were a few differences. The other  homes majored in pride in ownership. This home was not occupied, but the main floor has been staged to show the possibilities.  At a glance the same fluid floor plan, and open airy feeling comes through, with a little less snap, crackle and pop. But it still works.

As in the other two, the question of tight space comes up. The easy floor plan and effective staging make the home feel open and comfortable.  Outside the side patio area is snug, but has possibilities with more foliage, and patio accessories.

The entry opens into a light filled living room with fireplace, cathedral ceiling and wood floors.  Carpeted stairs lead to the home’s three bedrooms. Straight ahead there is a dining room overlooking the side patio, followed by a sleek kitchen paired with a good sized family room that has access to the double garage in the back of the home. The kitchen has granite counters and a tumbled marble backsplash.
Overall, this home is a more bare bones version of the other two. But it was easy to picture the space working for an active family carrying out daily routines, and relaxing here on the weekends.

Specifics of this two level:
Bedrooms, 3
Baths, 2.5
Square footage, 1,571
Lot size, 3,240
$/sq.ft. $394
Built in 1979
HOA, $140
Double garage
Central furnace, central air
Association pool and spa
On the market, 62 days

What should be considered here?  The Woodbridge community with its small town atmosphere, lakeside recreational areas, and  exceptional schools will come into play as buyers weigh space and price.  With three bedrooms and two and a half baths, plus a spacious family room and  living room, a lot is accomplished in a compact floor plan.   Woodbridge’s thriving place in the Irvine community will be part of the attraction.

Who will choose 59 Eagle Run?  A young family with school age children will be a good fit for this home.  A couple who travels a lot, or or have frequent out of town guests might make this their Woodbridge headquarters.

Recent Sales: 13 Soaring Hawk sold for $625,000 in April; 27 Sweetrain sold for $568,200 in May.  Recent Listings: 25 Racing Wind was recently listed for $565,000 and 8 Sparta was listed at $658,000.

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3226.0.html


Astute Observations

Astute Observation by REAnalyst
2012-10-24 09:01 PM

Thanks for your excellent write-ups (as always).  One thing I noticed on this one. 59 Eagle Run is a true detached home, the ones you’re comparing it to are attached.  That’s a pretty huge fundamental difference that wasn’t mentioned here. Of course the attached homes will be more “pimped out” anywhere near the same price point.  It’s hard to find a nice true detached SFR at this price point, especially in such a great location and quiet street.  This house is decently priced at $619k but maybe very slightly high; I’d expect it to sell very quickly at its true current market value of $610k-$615k.

Astute Observation by SMS
2012-10-25 04:21 PM

Thanks for your comments and catching that. And thanks for the great analysis.  I think it will go quickly too.

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