Monthly Archives: July 2014

Open House Review: 18845 Tabor Drive

Newly Renovated Detached Single Family Turtle Rock Home

18845 Tabor Drive $1,249,000

Turning off of Turtle Rock Drive onto Grossmont takes you back to Tabor Drive which sits near Culver in this prime neighborhood. But more interesting than the location is the transition history of this 4 bedroom, 2 bath single family home. According to public records, the home sold in June, 2014 for $912,000. It is now back on the market (about 10 days) at $1,249,000. From 2007 to 2014 the property was listed, delisted, and had a pending sale in February, 2014 that did not go through. Now potential buyers will be weighing the new renovation as a finished package against the new price.

Significant Numbers: Built in 1968, this single level 4 bedroom, 2 bath home is 1,800 sq. ft. on a 5,663 sq. ft. lot at $694 a sq. ft. HOA dues are $25 a month. The broker/owner said the whole home and outside areas had been renovated.

Close up: from curbside all the way to the back yard this home has a lot of ‘new house’ characteristics. Fresh landscaping, travertine flooring, nicely upgraded carpet, new baseboards, crown molding, scraped ceilings and recessed lighting establish the look, along with some nice staging.

To the right of the entry the living room has a new custom stone fireplace.

On the left, steps lead to the newly landscaped atrium that parallels a formal dining room.

The large remodeled kitchen has granite counters, an island breakfast area and a gas stove conversion with a gas extension to the patio for a barbecue.

A good sized family room area sits next to the kitchen and accesses the patio.

The rear patio with fruit trees and side yard with a custom entry gate and the atrium are visible throughout the home.

The separate master bedroom has a remodeled bath in stone with upgraded fixtures and new shower doors and it accesses the atrium.

There are 3 additional bedrooms and another remodeled bathroom in stone with upgraded fixtures.

More specifics:

Single family home

Bedrooms, 4

Baths, 2

Detached, no common walls

Two car garage

Two parking spaces

Laundry in garage

Central air conditioning

Association pool, spa

Irvine Unified School District

What should be considered? The new price and the new renovation will be assessed along with the key Turtle Rock neighborhood that offers prime schools, and parks. Nearby there is University High School and Turtle Rock Elementary, along with easy access to the University of California Irvine.

Who will move in? As a single level home with 4 bedrooms more mature families or families with more than one generation will be attracted. There are a few steps in a few places that may be seen as dramatic accents, or difficulties depending on the buyer. A good sized active family with middle school or teens will be attracted to the 4 bedroom home layout in a prime Irvine area.

Recent nearby listings: 18801 Tabor, $1,375,000; 4962 Paseo de Vega, $975,888

Recent nearby sales: 5082 Harcum $1,200,000; 18856 Via Messina, $1,150,000

A Review of the Terrazza Tract in Orchard Hills

This week, I will review the Terrazza homes in Orchard Hills. They are the second largest on the Orchard Hills II side, but the fourth smallest in all of Orchard Hills (the seven larger collections are in the gated Groves area). Like all homes on this side of Culver, Terrazza was built by Irvine Pacific. The homes all have four bedrooms, including a main floor bedroom, and range from 3-4 bathrooms. Each home also has a loft. They range from 1,981 – 2,408 square feet. Each home has a two car garage, some with an additional storage area. Terrazza only has two different models, though Residence Two has a slight variation known as Two X, which is always on a corner.

Some of the standard amenities in all homes include Kitchenaid stainless steel appliance package, including cooktop, oven, microwave, dishwasher and hood; white satin Thermofoil cabinets with adjustable shelves; granite slab kitchen counters with 6-inch backsplash and full backsplash at cooktop; stainless steel double basin sink with Kohler pull-out faucet; master bath with a sterling tub with 6” x 6” tile surround and separate shower; dual Kohler undermount sinks with marble countertops and backsplash; Kohler polished chrome faucets; ceramic tile flooring at entry, kitchen, dining, baths and laundry; plush carpet throughout living areas; pre-wired multi-media plate; fire-resistant concrete tile roofs; decorative front doors; high efficiency air conditioning and gas furnace; tankless water heaters; and energy efficient bathroom fixtures. All homes are Build it Green™ Certified.

Terrazza is the southernmost set of homes and the only collection south of the Narrow Path entry from Culver. There are four different elevations: Tuscan, Northern Italian, Formal Spanish and Early California. All homes in Terrazza are zoned for the Tustin Unified School District, including Hicks Canyon Elementary, Orchard Hills School, and Beckman High School. Currently, Hicks Canyon serves grades K – 4 and Orchard Hills serves 5 – 8. Eventually Orchard Hills will be a K-8 facility. There will be a total of 149 homes in the Terrazza neighborhood.

Basic Neighborhood Financial Information

Approximate HOA Dues: $196 per month

Approximate Tax rate: 1.06%

Approximate Mello Roos: $3704 – 4154 per year (AD Tax: $1,950; CFD Tax: $1,650 – $2,100; other tax $104)

Overall Effective Tax Rate: 1.5%

Prices start at around $855,000 for Residence One, $935,000 for Residence Two, and $965,000 for Residence Two X.

Residence One

1,981 square feet

4 Bedrooms, 3 Baths

Loft, Optional Den, Optional California Room, Optional Conservatory

Base Price: $855,000 ($431 per square foot)

Residence One is modeled with a reversed floor plan and in the Northern Italian elevation. From the front gate, a long, narrow path leads to the front door. The main entryway is very plain, with the downstairs bedroom and bath off a hall to the right and the kitchen and great room to the left. There is a small coat closet just inside the front door. The flooring and window treatments throughout the home are upgraded.

In the model, they show the optional den instead of bedroom 4. As a den, there is an option for either pocket or double French doors. The bedroom has a standard door. Whether you choose a den or a bedroom, there is a large closet that goes under the stairs. The four recessed lights are included with the den but not the bedroom. The model shows upgraded crown molding, wainscot, and built-in shelving. One large, single window faces the side of the house. The only difference between the bedroom and the den is the type of door to the hall.

The downstairs bathroom is directly across from the den. It includes a single sink and a shower. There isn’t an option for a bathtub. This model includes upgraded Caesarstone countertop, tile backsplash, brushed chrome tubular pulls, shower floor, crown molding, and a framed mirror. The shower is average-sized with a small, corner seat and a window.

The door to the garage is just past the bathroom. There is a small launch area with built-in upper and lower cabinets.

The great room is on the right at the opposite end of the hall. It is a pretty standard room that includes recessed lighting and crown molding. The back wall is all windows, though the model shows it with the optional bi-fold doors leading out to the yard. The model also has a built-in media center. Though it isn’t shown in the model, Terrazza offers an optional fireplace.

The great room is completely open to the kitchen. There is a large island in the middle, the ovens and fridge to the left and everything else along one wall. The entire appliance package is upgraded to include Jenn-Air appliances. The cabinets, drawer pulls, countertop, backsplash, sink and faucet are also upgrades. The island is shown with the upgraded furniture package and brown outlets. The island is long enough to seat four on one side, and may even be able to accommodate one or two more along the short side. The sink and dishwasher are located in the island. This kitchen also includes the optional wine cooler. It has one full set of pantry height cupboards. There is a good amount of counter space on each side of the range.

There is a dining area behind the kitchen. It is shown with the optional base and upper cabinets, glass uppers, upgraded counter and the optional bi-fold doors. The windows along the two walls give a full view of the small backyard.

The yard in the model shows the standard trellis option. Buyers may also choose a California room, where the outside area has solid walls and ceiling with optional bi-fold doors. The third option for this space is a conservatory, which is actually inside the house as a small room behind the great room. Bi-fold doors are not available with a conservatory.

The backyard is pretty small, with a larger area under the trellis and the smaller area behind the dining room. If you opted for the conservatory, there would be almost no yard at all. The model lots are a little bigger than the average Terrazza property.

Upstairs, there are three bedrooms and a loft. The loft is right at the top of the stairs and doesn’t feel as open as in many other homes. The model shows the optional built-in tech desk, though upgraded with a Caesarstone counter and brushed chrome pulls. The room isn’t very big and has just one small window.

The master bedroom is on the right at the top of the stairs. The room feels spacious and bright, with a full wall of windows on one side and two smaller ones on another. The model is located on a street with views of the avocado orchard. The recessed lights, crown molding and wainscot are upgrades; the coffered ceiling is included. An optional, sliding door leads to the master bath.

The walk-in closet is on the left when you enter the bathroom area. It is shown with the standard double shelf and pole. Directly across from the closet is a built-in highboy, which could eliminate the need for a dresser in the bedroom. The highboy is actually an upgrade in lieu of a standard closet. The shower sits next to the highboy and has upgraded tile and an upgraded slab at the corner seat. The shower is attached to the tub deck (upgraded); the model includes an upgraded jetted tub with in-line heater. The vanity sits right next to the bathtub. It includes two sinks and is completely upgraded.

The laundry room, secondary bedrooms and bath are to the left when you come upstairs. The laundry room is first and accommodates side by side machines without any room for a sink or counter. The upper cabinets are included.

The bathroom has two sinks, but there isn’t a lot of space between them. This room actually shows the included cabinets and countertop. The backsplash and drawer pulls are upgraded. A separate door leads to the shower/tub combo (option for just a shower) shown with upgraded accent liners. There is a linen closet just outside the bathroom.

The two bedrooms both face the front of the house. They are the same size and feel spacious. Bedroom 3 has two small niches at the front, shown in the model with optional built-in bookshelves, so it feels a little bigger than bedroom 2. The recessed lights are not included. Each bedroom has a standard, two-door closet with storage above. Both rooms put the optional doors on the storage area.

The biggest difference in this home from the smaller collections is the option for a California room or conservatory instead of the standard trellis. Otherwise, the home is pretty similar to the ones I have already reviewed (Vista Scena and Corte Bella), though the rooms and overall square footage are bigger.

Residence Two

2,331 square feet

4 Bedrooms, 4 Baths

Loft, Garage Storage, Optional Den, Optional California Room, Optional Conservatory

Base Price: $935,000 ($401 per square foot)

Residence Two X

2,408 square feet

4 Bedrooms, 4 Baths

Loft, Garage Storage, Optional Den, Optional California Room, Optional Conservatory

Base Price: $855,000 ($431 per square foot)

Residences Two and Two X are almost identical and only Two X is modeled (Tuscan elevation). Two X includes a front porch and the layout upstairs is slightly different (details below). Residence Two has a door from the street that leads to a courtyard before the entry to the home. From the entry, bedroom 4 (optional den) is straight ahead, the stairway, coat closet, garage access and a bathroom are to the left and the great room, kitchen and dining are to the right. As in Residence One, the flooring and window treatments throughout the home are upgraded.

The model again shows the optional den instead of the standard bedroom. The bedroom would include a standard closet, but the den does not have one. There are optional pocket doors available with the den. The other main difference is that the entry to the bedroom is on the side, closer to the bathroom, while the den entry is at the front of the room. A single window faces the side of the house.

There is a launch area next to the garage access door. The cubbies and coat hooks are upgrades. This area is across from the bathroom and coat closet. The bathroom has a single sink and a fairly big shower (optional tub). Almost everything in the bathroom is upgraded, including the crown molding, Caesarstone countertop, tile shower surrounds and accent liners, shower floor, framed mirrors and shower enclosure. The cabinets are shown in the standard white Thermofoil; the sink and hardware are also standard.

The opposite side of the entryway leads directly into the great room and kitchen. The great room on the left is the same as the one in Residence One. It has a full wall of windows, plus two more on the other side, and an option for a fireplace (not shown). The TV frame and media unit are upgrades. There is an option to add a conservatory at the back of the great room. This would replace the standard backyard trellis and would be open to both the great room and dining room, with sliders to the backyard.

The kitchen is also very similar to Residence One. The biggest difference is a walk-in pantry in the corner, shown with the upgraded built-in cabinetry. The refrigerator, warming drawer, and beverage center are all upgrades, but the other appliances are part of the standard package, providing a nice opportunity to see what you really get in the basic home. Many other upgrades include the glass cabinet doors, countertop, backsplash, reverse osmosis and the frosted glass on the pantry door. The island is primarily upgraded, including the furniture package, cabinets, granite counter, and brushed chrome knobs. The island offers seating on two sides.

The dining room is behind the kitchen. All of the cabinetry is upgraded. The standard dining area has windows on one wall and a sliding door leading to the yard on another. For buyers who keep the standard trellis configuration, there is an option to add bifold doors in place of the windows and standard slider.

The backyard again is very small. A final option is to replace the trellis with a California room. In this case, the dining room would have sliders to the California room, which would either be open to the yard or could have bifold doors. The model shows the California room in lieu of the terrace, but doesn’t have the bifold doors.

Moving upstairs, there are three bedrooms and a loft. The laundry room sits right at the top of the stairs. It has side by side machines, with a window above one and upper cabinets above the other. Just outside the room is another set of linen cabinets. These are all shown without upgrades.

Bedroom 3 is next to the laundry room and is considerably bigger than Bedroom 2. This is one of the most spacious secondary bedrooms I have seen in comparable new homes. There are two windows overlooking the side of the home and a Juliette balcony facing the street. It has a walk-in closet, shown with an upgraded door, and an en-suite bathroom. The bathroom has a single sink and a shower/tub combo, with an option for just a shower. Only the tub enclosure is upgraded.

There is a linen closet in the hall between the two secondary bedrooms.

Bedroom 2 is smaller, but still a good size. However, the configuration doesn’t leave a lot of wall space. A big window faces the side of the house on one wall, the entry door is on another and the closet and bathroom are on a third. This closet is a slider, shown with upgraded mirrored doors and organizers. There is additional storage above. The bathroom is shown with an upgraded backsplash, but the vanity is otherwise standard. This bathroom has a shower only, without an option for a tub, and shown with upgraded accent liners that match the backsplash.

The loft is across from bedroom 2. It is much bigger and nicer than the loft in Residence One. It has one small window, plus French doors leading to a Juliette balcony. The model’s upgrades include a built-in tech center, brushed chrome tubular pulls, panel wainscot and panel mouldings with base and chair rail. There is an option to put either pocket or French doors at the entry to the loft.

Finally, the master suite sits at the end of the hall. It is bigger than the one in Residence One. Two windows face the backyard and another faces the side of the house. The coffered ceiling is standard, with upgraded paint grade crown molding. There is an option to put in a door that separates the bedroom from the bathroom.

The master bath is highly upgraded. The vanity is actually shown with the standard cabinet doors and sinks; however, the countertop and bottom shelf configuration are upgraded. The vanity is quite long, with plenty of space between the two sinks. The tub and shower are perpendicular to the vanity. The tub has an upgraded deck and decorative liner (also seen at the vanity backsplash). The adjacent shower is a good size, with a small corner shelf and seat. The frameless enclosure is upgraded, as is the square style handle. The large walk-in closet is shown with a built-in organizer and upgraded door.

As a reminder, the model shows Residence Two X. The standard Residence Two has a different layout upstairs. The loft sits right at the top of the stairs where the laundry room was and seems to be a lot smaller. Bedroom 3 is in the same spot, but is more rectangular (it is pretty square in Two X). The laundry room is where the loft was, but it doesn’t have the extra linen storage outside of it. Bedroom 2 and the master suite are unchanged.

Overall, I like Residence Two X more than Residences One and Two. I think the layout upstairs is better and I like the larger secondary bedrooms. The house feels bright and spacious.

A Look at Some Housing Stats for Irvine and Surrounding Cities: July 2014

Here are some housing market statistics for Irvine and some surrounding cities. When I reviewed these numbers, two points stood out. First, the average down payments for houses in Lake Forest and Santa Ana have increased greatly from the numbers of about a month ago. Second, when compared to numbers from about this time last month, the number of homes that sold in every one of these cities has increased.

The following numbers are for the ninety days that precede July 11.

Area Median List Price Median Sale to List Price Avg # of Offers Avg Down Payment # Homes Sold
Irvine $799,000/

$429 per SF

98.50% 2 21.70% 641
Lake Forest

$640,000/

$343 per SF

98.40% 2.3 49.60% 257
Tustin $650,000/

$369 per SF

98.20% 2.4 21.00% 185
Orange $649,000/

$345 per SF

98.50% 2.4 15.10% 350
Santa Ana $515,000/

$340 per SF

98.50% 2.2 39.30% 463
Costa Mesa $729,000/

$440 per SF

98.60% 1.5 15.00% 225
Newport Beach $2,225,000/

$927 per SF

96.30% 3 48.80% 371
Orange County $699,000/

$373 per SF

98.3% 2.5 23.90% 7,790

A Review of the Corte Bella Tract at Orchard Hills3

Today, I will introduce you to the Corte Bella neighborhood in Orchard Hills. This is the third smallest set of homes and is on the Orchard Hills II side. These Irvine Pacific homes have 3-4 bedrooms and 2.5-3 bathrooms. They range from 1,833 square feet to 2,101 square feet. All homes have a two-car garage. Residences Two and Three have a bedroom downstairs.

Some of the standard amenities in all homes include Kitchenaid stainless steel appliance package, including cooktop, oven, microwave, dishwasher and hood; white satin Thermofoil cabinets with adjustable shelves; granite slab kitchen counters with 6-inch backsplash and full backsplash at cooktop; stainless steel double basin sink with Kohler pull-out faucet; master bath with a sterling tub with 6” x 6” tile surround and separate shower; dual Kohler undermount sinks with marble countertops and backsplash; Kohler polished chrome faucets; ceramic tile flooring at entry, kitchen, dining, baths and laundry; plush carpet throughout living areas; pre-wired multi-media plate; fire-resistant concrete tile roofs; decorative front doors; high efficiency air conditioning and gas furnace; tankless water heaters; and energy efficient bathroom fixtures. All homes are Build it Green™ Certified.

Corte Bella is the farthest east of all of the homes. They are high in the hills and some will have gorgeous views. Most of the streets are very short, with only three houses on each side. There will be a total of 118 homes in the neighborhood. All Corte Bella homes are currently zoned for the Irvine Unified School District (always best to confirm this with your sales agent). Students are assigned to Canyon View Elementary, Sierra Vista Middle School and Northwood High School.

Basic Neighborhood Financial Information

Approximate HOA Dues: $196 per month

Approximate Tax rate: 1.06%

Approximate Mello Roos: $3712 per year (AD Tax: $1,850; CFD Tax: $1,700; other tax $162)

Overall Effective Tax Rate: 1.5%

Prices start at around $820,000 for Residence One, $850,000 for Residence Two, and $870,000 for Residence Three.

Residence One

1,833 square feet

3 Bedrooms, 2.5 Baths

Base Price: $820,000 ($447 per square foot)

Residence One is modeled in the Formal Spanish elevation; this home also has an Early California elevation. Select lots will have additional windows on the exposed side of the home, including one each in the master bedroom closet, the laundry room, and on the stairway. When you enter the home, the stairs are on the right – with a large storage closet underneath – and the hall leads back to the great room and kitchen. There is a nice little nook tucked in by the staircase, offering a nice spot for a small table or entry bench.

The powder room is actually three steps up from the entryway, on the first landing of the main staircase. I don’t really like this, as it isn’t accessible for visitors who can’t climb stairs. It is otherwise a fine bathroom, with a pedestal sink and a window facing the street. The framed mirror is an upgrade.

At the back of the house, the great room is on the left and the kitchen is on the right. The dining area is straight ahead at the end of the hall. The dining area has a big window and three recessed can lights.

The great room is an average size, with windows on two walls and a sliding door leading to the yard. The crown molding and recessed lights are standard features. The media built-in unit is an upgrade.

The kitchen is pretty much entirely upgraded, so other than the layout, it isn’t a true representation of the standard package. The large center island offers bar seating, storage cabinets and an optional wine/beverage center. The dishwasher and sink are along the back with a window to the yard. The range, refrigerator and ovens are all along the side, with some counter space surrounding the range. The walk-in pantry is shown with the upgraded organizer. The setup seems functional, though I would have liked to see the dishwasher closer to the cabinets and drawers.

The backyard is very small. There is room for a table and barbecue, but not much space for anything else.

All of the bedrooms in Corte Bella are on the second floor. At the top of the stairs, the laundry room and master suite are to the right. The two secondary bedrooms are down the hall in front of you. The laundry room has side by side machines and included upper cabinets. There isn’t really space for a sink or to add more storage.

The master bedroom is a good size and has windows overlooking the side and backyard. It has space for a sitting area in the corner. The coffered ceiling is standard, but the recessed lights and crown molding are upgrades.

Like the kitchen, the master bathroom is almost entirely upgraded, including cabinets, drawer pulls, jetted tub, vanity detailing, marble countertop and tub surround, and the tile backsplash. The vanity on the right houses both sinks but doesn’t have a lot of space between them. The bathtub and shower setup are similar to many of the new homes I have seen recently, with a shared deck on one side. The standard tub does not have jets. The shower is a good size, with a small seat and shelf in one corner. The closet is average sized and is shown with the standard single shelf and pole.

The main hallway has big linen storage area. The bathroom shows the standard white Thermofoil shaker cabinets and white cultured marble countertop. All of the hardware on the vanity and sinks are included, except the drawer pulls at the bottom of the vanity. The backsplash is also standard. A door separates the sinks from the shower, which has upgraded tile throughout. Though the shower/tub combo is standard, buyers can opt for just a shower.

Bedrooms 2 and 3 are pretty similar in size, though the small entryway in Bedroom 2 makes it feel more spacious. Both bedrooms overlook the street and also have windows on the side. Bedroom 3 has a Juliette balcony. Both closets are standard, two-door sliders with storage above (cabinet doors not included), though they seem a little smaller than in other homes.

This home had a lot of similarities to the Vista Scena homes I reviewed last week. The overall layout is basically the same and they have most of the same standard features. The benefit to Corte Bella over Vista Scena is a little more square footage and these are single family homes, rather than the townhomes at Vista Scena.

Open House Review: 205 Falling Star

Single Family Detached 4 Bedroom, 3 Bath Woodbridge Home Inside Loop

205 Fallingstar $869,000

Drive down West Yale Loop until it turns into East Yale Loop and then make a quick left on Fallingstar. There, in the first house on the corner you have a hint of what the ‘inside the loop’ designation does to the price. This 4 bedroom, 3 bath home is just barely inside the loop, sitting on the corner of Yale Loop, but its price is similar to several homes that I have seen in the outer loop recently that have more options and more upgrades. The question the buyers have to ask is what counts the most for them. Over the weekend, open house visitors were coming through, some talking about planning purchases in time for school in the fall. The broker was also suggesting the property could be an excellent investment rental.

Significant Numbers: This two level, 4 bedroom, 3 bath home has been on the market a little over 20 days. It is 1,900 sq.ft, sitting on a 3,485 sq. ft. lot at $457 per sq. ft. HOA dues are $82. The home was built in 1984.

Close up: From the curb the home has a strong presence with green lawn overlooking Yale Loop. Inside, four bedrooms and three baths on two levels seem a little condensed in space with the back patio being private but also a little snug. The first impression is almost condo like instead of single family.

To the left the living room with brick fireplace opens to the paved patio.

The dining room is also to the left of the entrance.

Straight ahead, the good sized family room overlooks the patio and pairs with the kitchen with breakfast bar. The kitchen has granite counters, stainless sink and black and stainless appliances. There is an inside laundry.

The paved patio with brick planter, wall and fencing is a secluded space nicely defined for barbecue, fire pit, dining and relaxing. Although it is snug it has a nice indoor/outdoor room effect that opens up the rest of the home.

To the right of the entry there is a downstairs bedroom with full bath and double vanity with walk-in closet.

Upstairs there are three more bedrooms and two full baths.

Laminate wood flooring, travertine tile, plush carpeting, high ceilings and recessed lighting work well throughout. There are new double paned windows and sliding glass doors. The home is currently occupied by an active family that makes good use of the space.

More specifics:

Single family home

Bedrooms, 4

Baths, 3

Detached, no common walls

Forced air heating, central air

Two car garage

Two parking spaces

Inside laundry

Association pool, spa

Irvine Unified School District

What should be considered? Location and detached single family designations obviously effect price and the buyer has to decide how much that impacts what he wants and what he gets in square footage and effective upgrades. Outside space is quite private but rather snug. The Woodbridge lakes, community atmosphere and top schools are available inside and outside the loop, leading to the question of how much inside the loop location counts particularly when it is right on the edge, as this property is.

Who will move in? This is obvious family material with 4 bedrooms and 3 baths and a family with active middle school or teens would benefit from Woodbridge’s many community, recreational and local school assets. As the broker suggested, it could also be an effective investment rental property. With a downstairs bedroom included, the property may attract families with older members too.

Recent nearby listings: 24 Chenile, $898,000; 4 Whitecloud, $859,000

Recent nearby sales: 15 Hazelnut, $775,000; 9 Warmspring, $899,000