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Open House Review:  18 Southern Wood

Posted: 31 Jul 2012 05:00 AM PDT

Best Priced Single Family Home in Turtle Rock Hills

18 Southern Wood: $980,000

As I turned off Turtle Rock Drive onto Southern Wood, I remembered seeing another open house in this neighborhood at 10 Windflower.  This single family 3 bedroom, 2.5 bath home is one street up from the Windflower home.

And as it turns out, the similarities and differences in the two homes generate some good questions.  New to the market, and in the realtor’s words, “the best priced single family home in Turtle Rock Hills,” 18 Southern Wood is situated on a 10,000 sq. ft. lot with a panoramic canyon and mountain view, and a back yard that is really one big beautiful garden.

As you enter a tiled entry, with a small garden court,  there is a large airy living room with fireplace on the right, and  a sunny formal dining room on the left.  

Making the most of 2,436 sq. ft., the floor plan creates a nice circular flow through the house, from living room to family room, dining room to kitchen and on to the patio and garden. Overall the feeling is inviting and relaxed. This is a house that the owners have obviously enjoyed.

In the back of the home, the view and the garden shine. Just right for fresh produce and flowers from the garden, and the preparation of festive meals, this is clearly the place for the family to hang out.  There is a  family room with  fireplace,  comfortable breakfast nook with built in cabinets,  and 2 patios, a  covered one,  and a bricked one below.  Beyond the patios the garden is filled with flowers  and a gorgeous view stretches off into the distance. 

The adjacent kitchen has been remodeled with sleek cabinetry and granite counters.

There are 3 bedrooms and two baths upstairs. The master suite has a new deck with a sublime view, just right for morning stretches, and evening views of the sky.  The master also has a walk in closet, dual vanities and a soaking tub. One of the other bedrooms is being used as a computer room/office. 

There is an attached double garage with two parking spaces and the laundry is inside.

Specifics for the two properties: 

  18 Southern Wood, $980,000                     10 Windflower, $1,350,000
Type Residential, Single Family Residential, Single Family
Beds 3 4
Baths 2.5 3.5
Lot Size 10,000 Sq Ft 5046
Square Footage 2436 2956
$/Sq. Ft $402 $457
Views Canyon Hills, Mountain, Panoramic Canyon Hills, Turtle Ridge
School System IUSD IUSD
Attached? Yes; 1 common wall Yes; 1 common wall
Mello Roos No No
Assocation Fees: $99 $99
Year Built: 1979 1978
Days Listed 7 52
Community Turtle Rock Hills Turtle Rock Hills

Considerations and Comparisons:  Starting with the same basic floor plan, but totally different lot sizes, on quiet cul de sac streets,  these two homes  offer great schools, great views and ultimately, great choices.  18 Southern Wood has a 10,000 square foot lot, 2,436  square ft. interior, remodeled kitchen, panoramic canyon and mountain view, new deck off of the master suite, bricked patio, lavish garden, and some nice upgrades.

10 Windflower, has a 5,046 sq. ft lot with  2,956 sq. ft. home that was completely remodeled in 1993.  Now there’s  a fourth bedroom,  a fireplace and view window in the master suite, oak floors, butler area next to the dining room, French doors, window treatments, window seat and custom fireplace in the living room, and custom staircase.  The home’s enlarged windows make the most of the view and a fire pit and jacuzzi complete the backyard refuge.

Essentially,  the question is all about the buyer’s choice.  Is a turnkey extensively remodeled gem just the ticket, or would it be better to start with a lower price and some beautiful assets and decide what’s next?

Who will choose 18 Southern Wood?  Someone looking for a great spot in Turtle Rock Hills with a first class view, excellent schools, and great parks and services, will see this as a perfect fit.  Someone weighing price and assets and considering expansions  may see this as opportunity. And would be gardeners, or old hands, will want a second look at this one.

Nearby locations recently sold:    14 Southern Wood with 3 bedrooms, 2.5 baths sold for $970,000 in June; 31 Sycamore Creek with 3 bedrooms, 2 baths sold for $925,000 in April.  Nearby properties currently listed:    24 Southern Wood with 4 bedrooms, 3 baths is listed at $1,198,000;  31 Morning Glory with 3 bedrooms, 2 baths is listed at $1,150, 000.

Discuss below or on Talk Irvine.


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Irvine Housing Blog

Irvine Housing Blog

Link to Irvine Housing Blog

Doubling in Northwood Pointe

Posted: 30 Jul 2012 05:00 AM PDT

If somebody had offered me to give me more than double of my investment in seven years, or at least double it in twelve years, recession notwithstanding, I would have scoffed at the idea. But that’s exactly what two real estate investments have paid off in Northwood. From their initial price of around $600k in 1999/2000, both have managed to climb steadily to their offered price around $1.4 million today.

 

14 ARBORWOOD, IRVINE CA 92602

Beds: 5
Baths: 3.5
Area: 3,700 SF
Price/SF: $378
Lot Size: 7,172 Sq. Ft.
Year Built: 2000
Builders Tract Name: Somerton
Builders Tract Code: SOMT
Builders Model Code: 3
Property Type:Residential, Single Family
Style:Two Level, Mediterranean
View:Orchard/Grove, Pasture, Trees/Woods
Community: Northwood County

Sales History:
Jul 09, 2012 Listed (Active) $1,399,900
Jan 29, 2007 Sold (Public Records) $1,450,000
Sep 29, 2000 Sold (Public Records) $601,000

Monthly expenses:
Mortgage: $5029
Home Owner’s Association: $150
Property Tax + Mello Roos:  $1265 Monthly ($15,178 Annually)

Fixed Monthly Expenses: $6444

9 GARNET, IRVINE CA 92602

Beds: 4
Baths: 3.75
Area: 3,700 SF
Price/SF: $386
HOA Dues: $156/month
Lot Size: 6,200 Sq. Ft.
Year Built: 1999
Builders Tract Name: Somerton
Builders Tract Code: SOMT
Builders Model Code: 4
Property Type:Residential, Single Family
Style:Two Level, Mediterranean
Community: Northwood

Sales history:
Jul 25, 2012 Listed (Active) $1,429,000
Jun 01, 2007 Sold (Public Records) $1,650,000
Sep 10, 1999 Sold (Public Records) $600,000

Monthly expenses:
Mortgage: $5,133
Home Owner’s Association: $156
Property Tax + Mello Roos: $1288 Monthly ($15,450 Annually)

Fixed Monthly Expense: $6577

My view:

A few hundred here, and a few hundred in monthly expenses do not make a difference for a buyer of these properties, but the floor plan does. Both the houses are beautifully upgraded and maintained. But 9 Garnet with it’s grand staircase steals the show.

Which one would you buy?
Do you look for elements of grandeur when you spend more than a million on the house?


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Obtain an accredited degree based on your work or life knowledge. BA/BSc/MA/MSc /MBA/ PhD. No classes or studying.

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Inman Real Estate Connect & Agent Reboot

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Inman Real Estate Connect & Agent Reboot

Next week will be one of my favorite real estate events of the year.  The annual Inman Real Estate Connect in San Francisco. It's where my journey in the technology and social media real estate space got started. 

The first "Real Estate Connect" I attended many years ago was where I met some of the most intelligent and influential people I've ever met in the business and to this day, I look up to and respect as mentors.

I haven't missed this event since.

Having Real Estate Connect in my own backyard really makes it a huge convenience, but also a great opportunity to really "connect" with many local associates, friends, and new acquaintances. 

It's really all about the people.

Are you going to be there?

There is so much going on this year and so many sessions I want to be at but as always, there is only so much time in each day. If you are planning on attending, lets "connect" I'd love to meet with you in person.

Agent Reboot is an additional event on my schedule that I've had the honor and privilege of sponsoring and participating at in cities all over the country. It will be nice to have it here in my own hometown in the Bay Area. I'll be speaking on Tuesday around 10:15am about Real Estate Marketing - Yesterday -vs- Today

Hope you'll come by and join me. Follow #agentrb on Twitter.


Here's a few of the places you'll find me next week if you'd like to try and connect:

 

Here's a few links you will find helpful to make the most out of your visit to Real Estate Connect. You can find everything you'll need at Real Estate Connect, but I've pulled these out to to give you direct access to event information and details.

Agenda    |    Sessions    |    Speakers & Presenters    |    Sponsors    |    Venue and Travel

Not Going? WHAT!?! - Then follow InmanConnect on Twitter and use the hashtag #icsf.

I found this photo/video I put together back when I first joined ActiveRain in 2007. It was fun to watch, reminisce, and revisit some of the memories, people, and companies you'll see in it.

Some of you early ActiveRainers might remember and recognize Jeff Dowler, Teresa Boardman, Jeff Turner, Rudy Bacharaty, Brad Inman, Joseph Ferrera, Jonathan Washburn, Paul Chaney, Brian Brady, Matt Heaton, Gena Reide, Ardell, and many others. Good times... good people... great fun!

 See you in the Big City By The Bay!

 

 

          

 

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