Tuesday, May 29, 2012

Irvine Housing Blog

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Open House Review: 71 Oak Tree Lane

Posted: 29 May 2012 05:00 AM PDT

The House is a Jewel.  The Park is a Gem.

71 Oak Tree Lane  Irvine, CA 62612  $585,000

As I entered the cul de sac to see this home there was a flash back to the home that I saw last week at 34 Redwood Tree Lane.  That home was also just steps away from the rolling green fields of University Park.

 Having a private park in your back yard that’s completely free of urban traffic and noise has to be a daily pleasure.

This cul de sac has the same quiet, well planted look and there is a short walk running up to the park right next to this home.

Inside I found a different, but equally intriguing home.  This property is a smaller slice of space, very striking, but more contained. Newly remodeled, it is finely finished and nicely executed. Surfaces of tumbled stone, wood, marble, and granite have all been used to advantage. The polished surfaces, crown moldings, recessed lighting, and  high ceilings give the home a distinctive look.

The soaring spiral stairway to the loft and French doors complete the effect.  This home has obviously been enjoyed by its owner. Perhaps, as a place to listen to music, sit and talk with friends, and work on weekend projects.

From the kitchen on through the dining area, into the living room and out onto the covered patio, the space is all open and functional.

The upstairs loft is small, but dramatic.  I had the feeling that you could be working on a project up there, somewhat apart, but still enjoying the overall space.

The master bedroom is tucked away off the entryway, and across from the second bedroom, which could easily become a small office or library. There is also a murphy bed.

The kitchen, and baths have all been redone. There is new AC, newer furnace and plumbing, and double paned windows throughout.

Property Specifics:

Beds: 2

Baths: 1.75

Sq. Ft.: 1,500

$/Sq. Ft.: $390

HOA Dues: $222/month

No Mello Roos Tax

Lot Size: 3,300 Sq. Ft.

Single Family

Single Garage

Style: One Level, Traditional

View: Trees/Woods

Year Built: 1969

Community: University Park

Schools: Irvine Unified School District

Drawbacks:  A potential buyer will have to weigh the desirable location and the overall size of the home.  What the buyer values most might determine if this is the right space for the money.  It is very nicely finished, but compact.  If the size fits, then the surrounding community with a private park may tip the balance.

Who will call this spot home?  An individual or couple that is drawn to University Park’s established community and excellent facilities might settle in here.  Busy professionals who work, travel, and entertain casually would be happy here. Young families needing bedrooms and play space probably will not fit.

Comparisons:  If you like the University Park area, you might also check 12 Redwood Lane (pending) at $549,000 with three bedrooms and 2 baths.

Discuss below or on Talk Irvine.


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