Monthly Archives: May 2014

Irvine Housing Overview: May 2014

According to Altos Research, the Market Action Index (MAI) for Irvine’s single-family housing market was 38.07 on May 9, 2014. This means that the Irvine MAI is essential the same as it was about this time last month. As defined by Altos, this puts the Irvine single-family housing market in the seller’s market category. (Above 30 is defined as a seller’s market; below is defined as a buyer’s market.) Altos also states that the average single-family home in Irvine has been on the market for about 94 days as of May 9th.

Overview of Irvine Real Estate Trends Provided by Redfin*

  • Median List Price: $827K
  • Median Sale Price: $687K
  • Median List $/Sq Ft: $433
  • Median Sale $/Sq Ft: $409
  • Median Sale / List: 98.7%
  • Average Number of Offers 2.9
  • Average Down Payment: 25.3%
  • Number of Homes Sold: 610

*These figures include the house and condo numbers combined and are calculated over the ninety days prior to May 17, 2014.

For the March/April numbers, see my previous post.

Open House Review: 6022 Sierra Siena

Turtle Rock Single Family Sierra Bonita Home on Oversized Lot

6022 Sierra Siena Rd. $1,229,000

Turning off Turtle Rock Drive into the Sierra Bonita community takes you to this 4 bedroom, 2.5 bath single family detached home with 3 car garage and a 10,000 sq. ft lot., richly planted with 20 some trees and countless plants. Brand new to the market, about 4 days, this home drew a stream of neighbors and interested families to the first open house last Saturday.

Significant Numbers: Built in 1971, this all on one level 2,037 sq. ft. lot has low HOA dues of $75. The price per sq. ft. is $603 and the lot size is 10,019 sq. ft. There are no Mello Roos. According to the broker, this home has one of the largest lots in the community and the surrounding neighborhood has many original owners. Public records show this property sold for $920,000 in 2008.

Close up: Nicely situated on the last street in the back of the community with an amazing private rear yard and garden, the home has a double doored, gated courtyard in front.

Inside, the entry is defined with a brick fireplace that leads to the living room, patio deck and tropical gardens beyond.

Left of the entry, a large family room also accesses the garden and connects with the kitchen and casual dining area. The formal dining area sits between the kitchen and the living room.

A wraparound wood deck is the viewpoint for the King Palms, Pineapple Guava, cactus, lavender, fern and jade plants that fill the garden and run to the hilly wall in the back of the property. For me, this immense private green retreat would be the perfect way to begin and end every day. For gardeners, it would be the perfect ongoing project.

The kitchen and casual dining area overlook and access the garden. The tiled kitchen has stainless appliances and ample cabinetry.

Wood and tile floors, cathedral ceilings, skylights and double slider doors are used throughout the home.

To the right of the entry, the master suite also accesses the garden and has a double vanity, tiled floor, tub and shower. The three other bedrooms have garden views too, accessing the second full bath. There is also a powder room and an oversized 3 car garage with built-in workshop with storage, cabinetry and laundry.

More specifics:
Single family home
Bedrooms, 4
Baths, 2.5
Detached, no common walls
Central furnace, central air
Three car garage with workshop
Three parking spaces
Laundry in garage
Association pool, spa
Irvine Unified School District

What should be considered? This good sized single level, detached single family home on an oversized Turtle Rock lot gives the buyer lots of options for future development in a prime area. Updating and upgrading the baths would probably be one of the future projects. The private location in the back of the Sierra Bonita community is choice, along with Turtle Rock’s top schools, parks and hiking trails. The community park and pool and Chaparral Park are close by.

Who will move in? New owners who want the perfect private spot for entertaining, relaxing and gardening, that’s just minutes from everything, will be pleased. The all on one level home with four bedrooms works for families with mature members, or busy couples who entertain a lot, host out of town guests and need a home office. Active families with kids that need community parks, pools and top schools may also choose this home. Parents with teens and tons of sports equipment or hobbies will be drawn to the 3 car garage, workshop and cabinetry.

Recent nearby listings: 6042 Sierra Sienna Rd., $1,450,000: 23 Sunlight, $1, 238,888.

Recent nearby sales: 6162 Sierra Palos Rd., $1,190,000; 5502 Sierra Roja Rd., $1,200,000.

Open House Review: 10 Varesa

I am reviewing a home in Northwood’s Vista Filare Community. Two weeks ago I reviewed 4 Varesa, which is just a few doors down from 10 Varesa. Both are 3 bedrooms, but the size, layouts and amount of updating differ. This home is selling for $389 per square foot versus 4 Varesa’s $432 per square foot. The price has recently been reduced from the original $698,800 to $678,800. Just down the street from Sierra Vista Middle School, this home is walking distance to the middle school, walking trails and Northwood Park Shopping Center. It is a zero-lot-line property so there are no windows along one side of the home.

Asking Price: $678,800
Bedrooms: 3
Bathrooms: 2.25
Square Footage: 1,745
Lot Size: 2,614
$/Sq Ft: $389
Days on Market: 200
Property Type: Single Family Residence
Year Built: 1985
Community: Northwood – Vista Filare
HOA Fees: $106/month

There are no Mello Roos taxes.

Walking through a side gate, the front door is on the left. Straight ahead is the home’s outside patio. Currently the patio is a raised wood deck that separates the front entrance from the home’s patio. The other property at 4 Varesa had a wall to create a more private patio feeling.

Upon entering the home, the staircase, coat closet and half bathroom are in front of you. To the left is the living room and to the right is the dining room and doorway leading to the kitchen and family room. The flooring throughout the entire first level is laminate wood flooring. The living room has high ceilings and a brick fireplace in the corner butting up to the staircase. One large window faces out to the front of the home. The windows throughout the home are original.

The dining area has two windows. It is a decent sized area.

The half bathroom sits across from the dining room, next to the staircase. It has been remodeled with a corner sink with white cabinets and a black granite countertop. All of the bathrooms have the same white cabinets and black granite countertop.

Past the dining room, through the doorway are the kitchen and family room. The kitchen is immediately to the left. It has been remodeled with new white cabinets and black granite countertops. Along the side and back wall are cabinets and a stainless steel hood vent and range. There is ample counter space and storage in the cabinets but it lacks a pantry. The sink and black dishwasher sit on the peninsula across from the oven range. There is space for bar seating at the peninsula. It is a nice open layout that looks out to the family room.

The family room is on the smaller side, but the layout creates for a nice flow into the patio area. The garage entrance is on one wall and on the perpendicular wall, across from the kitchen peninsula, is a sliding glass door leading out to the patio. The patio deck looks like it would need to be replaced. In comparison to 4 Versa, this home’s patio lacks a sense of privacy since there is not a separation from the front door area. In addition, with the raised deck, you are more visible from the alley where the garage is located.

Going up to the second floor, a linen closet is located on the landing. The stairs and bedrooms have clean, tan, berber carpet. Once upstairs, the first bedroom is to the right. It has high ceilings and is regular in size. There is a small two-door sliding closet.

Next to the first bedroom is the other secondary bedroom. It is slightly smaller in size with a window overlooking the side patio and a closet of the same size.

Across from the bedroom is the shared bathroom. It is the same layout as 4 Varesa but with more upgrades. Natural light comes in through a skylight above the tub/shower combo. Like downstairs, the bathroom is upgraded with white cabinets and black granite. The flooring is a new linoleum floor that looks like tile. The tub/shower combo has new tile surround and glass doors.

The master bedroom is a large room, divided in two sections by a half wall. The first half can be used as a separate lounge area or office. It has a window overlooking the patio area. The half wall allows you to see the other side of the bedroom. The other side of the partial wall is the sleeping quarters. There are advantages of having the division, such as having a designated area to read or watch television prior to going to bed. Of if you would like an office, it provides an area that is not directly in your sleeping quarters. The separation provides more of peaceful area to sleep.

The master bathroom is found through an open doorway. Without a privacy door, light and noise from the sink area might disturb a person who is still in bed in the evening or morning. The carpet runs all the way up to the double sinks. The bathroom style matches the hall bathroom with white cabinets, black granite counter tops and the same shower surround and new glass doors. To the right of the vanity is a walk-in closet, and on the opposite side is the toilet and shower. There is no tub in the master bathroom.

There are more upgrades in this home versus 4 Varesa, however 10 Varesa needs a new patio deck, has smaller closets in the secondary bedrooms, and the laundry is in the garage instead of the shared bathroom. The master bedroom layout is unique, with the division in the room. The cheaper square footage price is something to consider in addition to the different layout of the models. The location of the two properties is essentially the same, so it is worth looking at the different models to determine which you prefer.

Open House Review: 2 Jefferson

There aren’t a lot of two-bedroom, single family homes in the Northwood area, but this week I found one at 2 Jefferson in the Northwood Glen community.

The basics:
Asking Price: $499,500
Bedrooms: 2
Bathrooms: 2
Square Footage: 948
Lot Size: 3,485
$/Sq Ft: $527
Days on Market: 8
Property Type: Single Family Home
Year Built: 1985
Community: Northwood – Northwood Glen
Schools: Brywood Elementary, Sierra Vista Middle School, Northwood High

HOA dues are $93 per month and there are no Mello Roos.

The house is located on a corner lot, next to one of the bigger, non-residential streets that passes through the neighborhood. It’s a short walk to the community pool, spa and tot lot. The house doesn’t have a lot of curb appeal – the front isn’t very attractive and the yard, while large, isn’t in great shape. Just inside the front gate is a large yard area with a rose garden and a small front porch.

Inside the home, the living room is to the right and the dining room and kitchen are to the left. There is new ceramic tile in all of the common areas. The living room has high ceilings and a brick fireplace on one wall. Sliding doors lead out to the backyard and are the only windows in the room.

The dining room can comfortably hold a table for six. Anything larger would jut into the hallway, but could fit for special occasions. A single window looks out to the rose garden.

The u-shaped kitchen has new white appliances and solid beige counters. The wooden cabinets and drawers are simple, with no handles, but were just refinished so they are in good shape. One window overlooks the rose garden and there is a small pass through area to the dining room. The kitchen is mostly closed off from the dining and living rooms. The kitchen isn’t fancy, but it is in good condition.

The master bedroom sits directly behind the living room. Both bedrooms have brand new plush, brown carpet. Like the living room, the master bedroom has high ceilings and sliding doors to the backyard. A short hallway leading to the master bath has closets on both sides. Each has two sliding doors and simple hanging rods.

The master bath is more like a typical bathroom than one usually found in a master suite. It has a single sink and a standard shower/tub combo. The counter has a rust-colored stain on one side and the cabinets are plain white, but not remodeled.

The second bedroom is at the far end of the hall, past the kitchen. It’s fairly small and has just one window facing the side of the house. The closet has two sliding doors, but is smaller than average.

Just outside the bedroom, the hallway has a set of linen cabinets and a washer and dryer tucked behind folding doors. The access to the garage is there as well. The second bathroom is back here. Like the master, it has a single sink (though the counter is much smaller) and plain white cabinets. The shower/tub combo matches the master as well. The sink has newer hardware but the tub does not.

The backyard is fully hardscaped with a patio cover extending over most of it. A raised garden area lines the back wall and the rose garden continues on the side.

Overall, there is nothing spectacular about this house. However, the new paint, flooring and carpet, plus the updates in the kitchen definitely gave it a face lift. It would make a good starter home or a nice place for someone looking to downsize. The price per square foot is higher than most similar homes on the market and higher than many recent sales. I’d like to see the price drop below $500 per square foot on this home.

Bike Safety Month in Irvine: The Ride of Silence and Bike Safety Boot Camp

As shown by the Orange County Transportation (OCTA) graphic found below, May is Bike Month or Bike Smart, Bike Safe month. Some of these Bike Month-related events have already occurred, but there are still two important events that you can attend: the Ride of Silence and Bike Safety Boot Camp. Both of these events have Irvine connections.

The Ride of Silence starts in North America (including Irvine, Fullerton, and San Clemente) and will continue across the world. This silent procession will honor cyclists who have been killed or injured while riding on public roads. “Although cyclists have a legal right to share the road with motorists, the motoring public often isn’t aware of these rights, and sometimes not aware of the cyclists themselves.”

Cyclists who ride in this silent procession are asked to wear reflective and highly visible clothing. They are also asked to wear a black armband in remembrance of those cyclists who have been killed or a red armband if the cyclist has been injured by a motorist while riding their bikes on public roads.

When: May 21, 2014

Where: Irvine, Fullerton, or San Clemente
Irvine Civic Center by the flag poles in front of the Police Department, meet at 6:00 pm, assembly at 6:30 pm, ride begins at 7 pm; Fullerton Museum Center Plaza / E. Wilshire, meet at 6:30 pm, ride begins at 7 pm; San Clemente Urban Bicycle Outfitters, 1900 N El Camino Real, meet at 6:30 pm, ride begins at 7 pm

More Information: Ride of Silence

The Bike Safety Camp “is designed to provide Irvine residents with the tools and information needed to ride their bike safely. Various vendors will provide safety education, raffle prizes, tune-ups, etc. OCTA will participate as a vendor and will promote bike safety information and Bike Month.”

Where: Pavilion Park, 194 Compass, Irvine 92618

When: Saturday, May 24, 2014

Time: 10 am to 2 pm

More Information: Outreach/BikeSafety Camp

Note: A U.S Census Bureau report states that bike commuting is growing faster than any other type of transportation. “The total number of bike commuters in the U.S. increased from about 488,000 in 2000 to about 786,000 during the period from 2008 to 2012, a larger percentage increase than that of any other commuting mode.” This means that the need for bicycle safety awareness by bicyclist and motorists is also increasing.

Other posts about bicycling in Irvine:
Bicycling Trails in Irvine and Orange County
Workshop on Bicycling Safety in Orange County