Closed Sales from 11/1/2012 to 11/7/2012

Date Sold Address Zip Tract Sold Price Beds Sq Ft
Airport Area
11/6/12 21 Gramercy 415 92612 Belvedere $525,000 1 1594
Columbus Grove
11/7/12 723 Silk Tree 92606 Savannah $400,000 3 1469
El Camino Real
11/5/12 4692 Abbotswood 92604 willows $640,000 3 2160
11/5/12 7 Argent Cir 92604 Ranch $665,000 3 1729
Northpark
11/1/12 12 Bella Rosa 92602 Triana $912,000 3 2850
11/1/12 18 Cabazon 5 92602 Monticello $400,000 2 1400
11/2/12 1603 Terra Bella 92602 Terra Bella $375,000 2 1343
11/2/12 30 El Cajon 32 92602 Monterey $495,000 3 1510
11/2/12 25 Visalia 92602 Brisbane $524,000 3 1802
11/6/12 59 Burlingame 92602 Brisbane $485,000 2 1638
Northwood
11/2/12 40 Monroe #42 92620 Other $330,299 2 1142
11/5/12 3 Trovita 92620 Canyon Creek $858,000 4 2794
11/5/12 260 Monroe 52 92620 Timberline $366,000 2 1142
11/5/12 4 QUEBRADA 92620 Windstream $980,000 5 3275
11/5/12 31 Bunker Hl 92620 Bryanwood $725,000 4 2156
Oak Creek
11/6/12 7 Highfield Gln 92618 Cricket Club $867,500 4 2800
11/7/12 2 Commonwealth 92618 Autumn Glen $1,190,000 4 3400
Orangetree
11/5/12 28 Tangerine 92618 Patio Homes (OT) $400,000 2 1202
Portola Springs
11/1/12 95 Keepsake 92618 Primrose $610,000 4 2056
11/2/12 48 Full Moon 92618 San Carlos COURT $345,000 1 1220
Quail Hill
11/1/12 34 Paperwhite 92603 Soltice $680,000 3 1840
Turtle Rock
11/1/12 10 Monterey 92612 Pointe – Turtle Rock $740,000 3 2104
11/7/12 95 Canyon Creek 92603 Shady Canyon Custom $5,330,000 6 7678
University Park
11/3/12 4922 Basswood Ln 92612 Parkside – Deane $675,000 4 2229
Walnut
11/7/12 14862 Laurelgrove Cir 92604 Colony $365,000 2 976
West Irvine
11/7/12 49 Cliffwood 92602 Ivywood $740,000 4 2106
Westpark
11/4/12 2201 Ladrillo Aisle 70 92606 Brio $292,000 1 785
11/5/12 166 Almador 92614 Las Palmas $520,000 3 1610
Woodbridge
11/1/12 27 Shearwater 92604 Creekside $627,000 3 1538
11/2/12 85 Briarglen 92614 Laurels $365,000 2 1080
11/5/12 27 Waterway 92614 Woodbridge $932,000 3 2669
11/5/12 11 Firestone 92614 Windsor Estates $675,000 4 2255
11/5/12 24 Shooting Star 92604 Creekside $875,000 4 2400
11/5/12 16 Claret 92614 Chateaux $399,000 2 1362

Discuss at Talk Irvine: http://www.talkirvine.com/index.php/topic,3277.0.html

A Review of the Saratoga Tract at Stonegate

A week ago, I toured the new Mendocino neighborhood in Stonegate. Today, I visited the models in Stonegate’s other new neighborhood, Saratoga. Located adjacent to Sand Canyon and close to Portola, Saratoga will have 91 homes and is currently in phase 5 of 15. The nearest schools are Stonegate Elementary, Sierra Vista Middle School and Northwood High School. Jeffrey Trail Middle School, scheduled to open in September 2013 will serve Stonegate in place of Sierra Vista. Residents will have access to all of Stonegate’s swimming pools and parks, including Mockingbird Park, which is right next to the neighborhood and boasts Stonegate’s biggest swimming pool, plus a tot lot, bbq facilities and basketball courts.

As in Mendocino, none of the homes have a traditional formal living room or dining room. Each provides a choice of indoor or outdoor living in the form of a conservatory (fully indoors), California Room (partially enclosed outdoor room), or the standard trellis outdoor area. All homes have a two-car garage. In general, these homes average 200-300 square feet smaller than the Mendocino homes and only have lot sizes of about 2800 square feet.

Base Property Tax: 1.05%

AD Tax: $2,126 per year

CFD Tax: $1,700 per year

Other Taxes: $160 per year

Overall Effective Tax Rate: Approximately 1.6% (amounts are estimates based on info currently available from the City of Irvine and Irvine Unified School District)

Homeowners Dues: $110 per month (proposed)

Link to Saratoga Floor Plans (PDF 8MB)

Residence One

1,907 Sq Ft

4 Bedrooms, 3 Baths, Optional Den at Bedroom 4, Optional Conservatory or California Room

Starting from $678,800

This is the smallest model in Saratoga by over 250 square feet. After entering the front gate, there is a long, narrow courtyard leading up to the front door that would make a pretty garden area (though it probably doesn’t get a lot of sunlight). Inside the house, there is an average sized entryway with a small coat closet on the left.

The bedroom/optional den is straight ahead and is a good sized room. Shown with option pocket doors, this room also offers an option for French doors instead of the standard door. The closet in the room is enormous, as it extends underneath the stairs. In the model, it is set up as a playroom for a small child. It provides excellent storage, but might be difficult to utilize effectively if this room was occupied as a bedroom by someone living in the house full time. Across the hall from the bedroom is a full bathroom with a shower (no tub).

Garage access is just beyond the bathroom. An optional built-in set of cabinets and counter space provides a “launch” area for mail, keys, purse, etc.

The great room and kitchen are at the other side of the entryway. The rooms flow together very nicely and create one large living space. The great room has an optional fireplace (not shown) and can also have a “TV frame,” which is an attractive design feature and makes the TV look almost built into the wall.

The kitchen features an island, which houses the only sink, and has space for bar stools. It comes standard with Whirlpool stainless steel appliances, including a 5-burner cooktop, built-in oven, microwave, dishwasher, and Kitchenaid hood. All of these are shown in the model. Upgraded cabinets take the place of the standard white theramfoil finish and bring a more elegant look to the kitchen. Granite slab counters, a six inch backsplash and full backsplash at cooktop also come standard, as does a stainless steel double basin kitchen sink with Kohler faucet. I liked the overall layout of the kitchen, except for having the sink and dishwasher in the island, as I felt like it reduced the amount of usable workspace. The dining area is at the back of the kitchen. Since there isn’t a formal dining room, this is the only place for a dining table and it would work well with a casual or formal table. Optional upper and lower cabinets can be included in the dining area. Since the pantry is pretty small (full height but only two doors), these optional cabinets would provide much-needed space.

As I mentioned, the lot size in Saratoga is only about 2800 square feet, so the backyard is tiny. While the home comes standard with a trellised area, as shown in the model, a conservatory (fully indoor room) or California room (open on two sides but with a full roof and extended third wall) are options. Since all three options have either walls or posts in the middle of the yard, it makes the already small space feel even smaller and really restricts how the space can be used.

Upstairs, the landing area is small. The master bedroom is to the right, and the other two rooms are to the left. The master is a large, square room without a sitting area or retreat. Attractive crown molding (upgraded) and a slightly elevated ceiling with recessed lighting (also an upgrade) create an elegant look. The room features two closets: a medium-sized walk-in and a small closet perfect for hanging long dresses or coats.

The master bath has a shower and separate tub, along with two sinks and a counter space that is shorter than in most master bathrooms in newly constructed homes.

Down the hall, the secondary bathroom has two sinks and a shower/tub combo with an option for just a shower. The two secondary bedrooms are the same size, with plenty of space to arrange the furniture. Each has a standard, two-door closet with an option for small storage cabinets above it.

A linen closet and small laundry room round out the house. It has space for a washer and dryer, but doesn’t have a sink or counter. Like in Mendocino, the door is self-closing, but didn’t seem to slam as loudly.

Residences Two and Two X

2,181 Sq Ft

4 Bedrooms, 4 Baths, Optional Den at Bedroom 4, Optional Conservatory or California Room

Starting from $734,100

The floor plans of Residences Two and Two X are identical; the only difference between the two homes is that Residence Two X occupies all of the corner lots in the neighborhood. The model is of Two X and shows the corner lot. The garden area around the front door is maintained by the association.

From the entryway, there is a view of the great room to the right and the downstairs bedroom (optional den) is straight ahead. The location/entry to the bathroom changes slightly depending on whether you choose a bedroom or a den, but both come standard with a shower. The room is smaller than the upstairs bedrooms.

A small coat closet outside the room is the only downstairs storage; this home does not have a large space under the stairs. An optional launch area with upper and lower cupboards, plus a small counter is available next to the door to the garage.

As in Residence One, the great room and kitchen are truly side by side to form one large living space. The optional fireplace isn’t shown and, unless you’re someone who frequently likes to have a fire, I think the room works better without it. The room flows nicely into the kitchen and putting in a fireplace would mean placing a couch across from it and breaking up the space too much.

The kitchen is long and narrow in this model and counter space is much more limited than in most new homes, including in Residence One. The sink and dishwasher are in the island, which also has space for bar stools. With only one cabinet on each side of the oven/stove, there really isn’t much counter space at all. Additional space if available by the dining area, but isn’t convenient for cooking or preparing food. The upper cabinets in the dining area are optional and, if not included, might offer a little more usable space. This model shows an upgraded appliance package, clear glass doors, upgraded counters and backsplash, and a pantry organizer. The walk-in pantry does provide great food storage and I did love the organizer. The dining area is surrounded by windows and offers access to the backyard.

Residence Two demonstrates the optional California Room in the backyard. This indoor/outdoor space is still open on two sides, but has a full roof with recessed lighting. Other than that, the backyard is practically non-existent. It is long and very narrow. If you opted for a conservatory, which is fully indoor room providing additional living space off of the great room, you would forfeit almost the entire backyard.

Upstairs, this home has an optional tech center on the landing with room for two desks. It comes standard with full height built-in linen cupboards. Unlike in the other Saratoga model and all Mendocino models, the master bedroom is not separated from the other bedrooms. In this house, one of the additional bedrooms is off the same hallway to the right of the stairs.

The master bedroom is a large, square room just like the one in the other model. It offers the slightly raised ceiling with crown molding and recessed lights (both are upgrades) and several windows. It has two sinks with more space between them than in the other model, though the extra counter space results in a smaller space for the bathtub. While the tub itself is actually the same size, it definitely feels more closed in than in Residence One. The water closet shows optional storage space over the toilet. The walk-in closet is long and narrow and, unlike in Residence One, this room does not have a second closet.

The two secondary bedrooms upstairs each have their own bathroom. Both come standard with a bathtub/shower combo, but a shower only option is available, as seen in one of the rooms. One bedroom is bigger than the other, with a better layout and windows on three walls (the other has a bigger window but only on one wall). While some of the space is in the entry way, so not really usable, it makes the whole room feel more open. Both have a standard, two-door sliding closet and optional over closet storage.

The laundry room doesn’t have a sink or counter. A very narrow linen cupboard is available as an upgrade. Overall, this house has a definite lack of storage space. While the linen closet upstairs is quite large, it lacks a hall closet big enough for storing items like a vacuum cleaner, luggage, or other bulky items.

Like with Mendocino, I am pretty neutral about the entire Saratoga community. A big plus is the proximity to Mockingbird Park and the fact that the community is fairly small. It seems like it will be quiet and a good place for families to settle. The biggest negative by far is the lot size, since these homes have almost no backyard, and they get even smaller if the California Room or Conservatory options are selected.

Downstairs, Residence One is the winner. It has a better layout, a huge storage closet under the stairs, and a kitchen that better utilizes the space. Residence Two’s only advantage downstairs is the pantry. However; Residence Two is the winner upstairs. With the availability for a tech center and private baths in both bedrooms, this is more desirable. Both laundry rooms are too small.

In general, these houses are pretty similar to the ones in Mendocino, but slightly smaller overall. The layouts are all about the same, the master bedrooms are comparable (nicer bathrooms in Mendocino), and the secondary bedrooms are all about the same size. The laundry rooms are bigger and nicer in Mendocino and include sinks. Saratoga has better flow from the great room to the kitchen, since the dining area doesn’t break up the space.

Starting prices for these homes average approximately $345 per square foot, and that is before upgrades. Prospective buyers would need to tour both neighborhoods to choose which one they like best. Since they are so similar, it’s likely that the decision will come down to availability and location.

Discuss at Talk Irvine: http://www.talkirvine.com/index.php/topic,3273.0.html

The ABC’s of the Great Park Green Home

A home that is affordable to entry-level homebuyers, buildable with off-the-shelf materials, and certifiable as green. These are the features of a home that is currently on display in the Orange County Great Park. This display home is a partnership involving Southern California Edison, numerous southern California businesses, and some local schools. The purpose of this home is to show that a green home does not need to be for the high-end buyer only. The name of this display home, which will later be moved and given away to a low-income household or vet, is the ABC Green Home.

A—Affordable to entry-level homebuyers

The goal in building this home is to demonstrate that green longer means drastically more in cost than comparable homes built without green elements. The expectation is that this Great Park ABC Green home can be replicated for about $85 to $125 per square foot, which is currently the cost of building most tract homes in southern California. “Eighty-five dollars to $125 per square foot, that’s extremely affordable,” –Jim Conrady of Western Pavers in San Diego, a contributor to the Great Park ABC Green Home project

B—Buildable using off-the-shelf materials

“Nothing used in the construction is hard to find – everything can be sourced at local builders’ supply yards. From drought-tolerant landscaping and a drip irrigation system; to solar panels; to a state-of-the-art home-energy monitoring system, this home is equipped with everything a family needs for a true Net-Zero living.” –OC Family blog

C—Certified as a “green-home” by obtaining six certificates (including LEED Platinum) from four agencies

This home achieves its “greenest” by going net zero. Net zero means that the home will produce as much energy as it uses. Some of the features of this ABC Green home that help it realize its green and net-zero status are:

• Insulated walls that require less lumber

• Energy efficient heat pumps that heat water and the air and are part of the air conditioning

• 5 ½ kilowatt solar roof panels

• Rainwater collection system

• Gray water recycling system

• Drought tolerant plants

• Touch-controlled kitchen faucets that turn off in four minutes

• An automated system (AMX) to control numerous home features such as the appliances, lights, and security cameras that can be operated from either a wall-mounted panel or remotely by smart phones

In addition, wider doors and lower kitchen counters make this home more accessible to those with wheelchairs.

You can tour this net-zero, one-bedroom, three -bath, Craftsman-style home on Monday, Wednesday, Friday, Saturday and Sunday from 9 a.m. to 4:00 p.m. It is located on Marine Way near the Great Park balloon.

What do you think? Is this something that you would be interested in? And if the cost was slightly higher than a comparable home without the green features, would you consider it worthwhile due to the long-term utility cost savings. And what about the intangible benefits such as the reduced use of resources and a reduced contribution to pollution? Would that be a consideration for you?

Note: This ABC Green Home will be part of the Department of Energy’s upcoming Solar Decathlon at the Orange County Great Park.

Open House Review: 35 Waterway

Woodbridge Lakeside Hideway

35 Waterway $959,500

As you turn off of West Yale Loop and make your way through a nest of streets to reach 35 Waterway, the atmosphere drops back, and becomes positively mellow as you approach this lakeside community.

Inside, there is a distinct “this place has it together” feeling. Nicely done with a contemporary design on two floors, you can easily see life flowing through this condo, moving from the kitchen, to the dining room, on into the living room and family room and out to the balconies overlooking the water.

Significant Numbers: This 3 bedroom, 2.5 bath lakeside condo has 2,700 sq. ft. Built in 1985 it has been on the market 45 days. HOA dues are $292. $/sq. ft is $355. There is no Mello Roos. This is a standard sale. There are 80 units in the complex and an available boat ramp.

If you smile a lot when you think about never gardening again, and can easily see yourself lounging, lunching and relaxing by the water, this place may have your number.

The living room has a fireplace, garden atrium, and sliding doors opening to a large deck overlooking the lagoon. The separate family room has a brick fireplace, a vaulted ceiling and a sunny deck.

Plush carpeting, ceramic tile, travertine tile and laminated floors work well with shutters, recessed lighting and skylights to define the individual areas.

The kitchen has granite counters, updated cabinets, newer stainless appliances, a good sized nook with many windows, and wood laminate floors.

Upstairs the space is equally tranquil. The large master retreat has a separate sitting area and a balcony overlooking the lagoon. There are skylights and a walk-in closet. The master bath has been redone with dual granite vanities, soaking tub, and separate shower. The guest bath has also been remodeled with granite.

The other two bedrooms have balconies too. One of the bedrooms is being used as an office. The laundry room with sink is also on the second floor. There is a double attached garage and the home has 9 ceiling fans and central air.

Specifics:

Bedrooms, 3

Baths, 2.5

Sq. ft., 2,700

$/sq.ft., $355

HOA dues, $292

Built 1985

Double Garage, attached

1 Common wall, attached

Two parking spaces

Forced air heating, central air

Association pool

No Mello Roos tax

Community, Woodbridge

Irvine Unified School District

What might be considered here: This polished condo on a prime Woodbridge waterside corner lot might be targeted for its investment potential. Interested buyers will be attracted to Woodbridge’s many community assets and the ample 2,700 square foot home with its numerous upgrades.

Who will move in to 35 Waterway? This could become home base for a couple who travels a lot, but always want to return to the perfect retreat. People who work in or near Irvine and want a community atmosphere with all of the recreational bonuses of the lakes will also be drawn to this home.

Recent sales: 29 Waterway #4 sold for $1,065,000 in May, 2012. Recent listings: 53 Lakeview #25 is listed at $999,900; 8 Harborcrest is listed at $749,800.

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3266.0.html

Kool-Aid 2.0?

If you are one of those people who loves incorporating a cardio workout in everyday activities, you will love this house. Forgot your wallet on the bedside drawer last night after you finished online shopping? All you have to do is climb two floors to get them. It's fun, running up and down with little children also, they will never want to go to the yard. It’s another matter that there is no yard at all, it’s just balconies.

Where is this property that could save you thousands in gym membership?

65 Passage, Irvine CA 92603

Listing Price: $519,800

Beds/ Baths: 3 Beds/ 3 Baths

Area: 1600 SF

Price/ SF: $325/SF

Year Built: 2003

Total floors: 3

Builders Tract Name: Casalon

Builders Tract Code: CASA

Builders Model Code: F

Listing History:

April 2006 : $660,000

August 2006 : $800,000

September 2008 : $463,500

December 2008 : $471,000

This condo has seen the highs and lows, and now it is on the market for a reasonable price. It’s not like the condo is all about running up and down the stairs. If you have a home office, there is nothing like working from home on a private floor. Also, the master bedroom has good views, and the house is close to the Quail Hill Preserve and trails. There is a shopping center close by. The house caters more to young couples than people with young children. It might also make a suitable space for those with a teenage kid, ensuring enough privacy for the kid and parents.

Here are the median condominium values:

Quail Hill: $370/SF

Zip Code 92603: $380/SF

Irvine : $367/SF

Orange County : $263/SF

Here is the sales history for the Casalon homes for 2012:

22 Nightshade $268.75

37 Nightshade $305.86

29 Stepping Stone $298.90

71 Stepping Stone $300.88

36 Stepping Stone $304.42

87 Stepping Stone $317.11

44 Seasons $309.38

35 Stepping Stone $284.23

23 Stepping Stone $312.83

27 Nightshade $305.52

135 Stepping Stone $303.03

124 Stepping Stone $276.88

Estimated Monthly Expenses:

Monthly mortgage at 3.3%: $2,146 Monthly

Property Tax: (1.04938) $5454 Annually

Mello Roos: $2,078 Annually

Property tax + Mello Roos : $628 Monthly

HOA Dues: $368/ Monthly

Total fixed expenses: $3,142

In the zip code 92603, there are 77 homes for sale and the inventory is down 11.5% from last month, and 45.4% down from last year. The low inventory in Irvine generally, and in Quail Hill might get the seller the price he is asking for.

What are your thoughts?

Would you buy a three level condo?

Would you pay $500,000 to a house without even an itty-bitty backyard?

Inventory news: 281 properties for sale as of Sunday, and it includes the mobile homes too.

Time to pass the Kool-aid yet?

Are you ready to buy or sell, or cash out the equity?

Discuss on Talk Irvine: http://www.talkirvine.com/index.php/topic,3265.0.html