Author Topic: Orchard Hills - Strada by Irvine Pacific  (Read 464606 times)

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Offline Paris

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1560 on: April 21, 2017, 12:00:20 AM »
It's nice that there is no rear neighbor and only greenery seen from the back windows. And only one neighbor. I'm sure it'll go fast with the reasonable list price.

Offline abosch00

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1561 on: April 21, 2017, 09:42:03 AM »
Looks like a plan 3 resale finally popped up and it's IUSD. Doesn't seem like there is a premium over TUSD from prior resales, but then again one was a view and the other had a large lot. Any guess on how fast this one is gonna sell?

https://www.redfin.com/CA/Irvine/90-THOROUGHBRED-92602/home/107365003

So $140K increase in under a year?  thats pretty great.

Offline Goriot

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1562 on: April 21, 2017, 10:18:51 AM »
Looks like a plan 3 resale finally popped up and it's IUSD. Doesn't seem like there is a premium over TUSD from prior resales, but then again one was a view and the other had a large lot. Any guess on how fast this one is gonna sell?

https://www.redfin.com/CA/Irvine/90-THOROUGHBRED-92602/home/107365003

So $140K increase in under a year?  thats pretty great.

$140k - $80k agent fee + closing costs - $20k landscaping - $25k post close options (guessing window treatments, etc.) = close to break even if it closes at asking.  Transaction costs eats up the profit fast. 

Offline Perspective

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1563 on: April 21, 2017, 11:12:09 AM »
Looks like a plan 3 resale finally popped up and it's IUSD. Doesn't seem like there is a premium over TUSD from prior resales, but then again one was a view and the other had a large lot. Any guess on how fast this one is gonna sell?

https://www.redfin.com/CA/Irvine/90-THOROUGHBRED-92602/home/107365003

So $140K increase in under a year?  thats pretty great.

$140k - $80k agent fee + closing costs - $20k landscaping - $25k post close options (guessing window treatments, etc.) = close to break even if it closes at asking.  Transaction costs eats up the profit fast.

Yep, accurate accounting there. If you really want an accurate "profit" figure, you should also factor in the premium paid over the term of ownership relative to the equivalent rental cost. This would further degrade the "profit" on this house. Of course, folks who think their houses are investments myopically focus solely on sale price received less sale price paid.
« Last Edit: April 21, 2017, 12:08:35 PM by Perspective »

Offline Goriot

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1564 on: April 24, 2017, 02:55:14 PM »
Another Plan 3 on the market - https://www.redfin.com/CA/Irvine/59-Quarter-Horse-92602/home/109734754
Little pricey.  Nice photo of the car smack in the front. 

Offline Irvine Dream

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1565 on: April 24, 2017, 03:17:58 PM »
Another Plan 3 on the market - https://www.redfin.com/CA/Irvine/59-Quarter-Horse-92602/home/109734754
Little pricey.  Nice photo of the car smack in the front.
And TUSD  >:D

Paris is probably jumping up and down, so her Capella must be worth more than this right?

Offline BruinDoc

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1566 on: April 24, 2017, 03:25:01 PM »
Another Plan 3 on the market - https://www.redfin.com/CA/Irvine/59-Quarter-Horse-92602/home/109734754
Little pricey.  Nice photo of the car smack in the front.

Car is included in the listing price, right?! 8)

Offline Paris

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1567 on: April 25, 2017, 12:44:43 AM »
Another Plan 3 on the market - https://www.redfin.com/CA/Irvine/59-Quarter-Horse-92602/home/109734754
Little pricey.  Nice photo of the car smack in the front.
And TUSD  >:D

Paris is probably jumping up and down, so her Capella must be worth more than this right?

I'm not looking to sell anytime soon so doesn't really matter to me.
But that is a crazy list price - we'll see what the final price is at sold.

Offline Irvine Fanatic

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1568 on: April 25, 2017, 09:29:38 AM »
Another Plan 3 on the market - https://www.redfin.com/CA/Irvine/59-Quarter-Horse-92602/home/109734754
Little pricey.  Nice photo of the car smack in the front.

Wow...$1.56M for Strada on TUSD side. Impressive.
 
These guys can trade up to Saviero https://www.redfin.com/CA/Irvine/Saviero/Saviero-Residence-One/home/102439853 plan 1 for just a little more and get additional 1K sqft.

Offline lovingit

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1569 on: April 25, 2017, 10:45:12 PM »
Another Plan 3 on the market - https://www.redfin.com/CA/Irvine/59-Quarter-Horse-92602/home/109734754
Little pricey.  Nice photo of the car smack in the front.
And TUSD  >:D

Paris is probably jumping up and down, so her Capella must be worth more than this right?

I'm not looking to sell anytime soon so doesn't really matter to me.
But that is a crazy list price - we'll see what the final price is at sold.

Capella resales lower than Strada resales. Wow
All TUSD.  The perception of gates do not matter. IPac better than TM?

Offline someguy

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1570 on: April 26, 2017, 01:05:45 PM »
Capella resales lower than Strada resales. Wow
All TUSD.  The perception of gates do not matter. IPac better than TM?

FTFY -

Ipac's marketing budget targeting wealthy Chinese > TM's marketing budget targeting wealthy Chinese

Offline aquabliss

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1571 on: May 19, 2017, 09:54:30 PM »
Iron Horse takes the lead...
https://www.redfin.com/CA/Irvine/131-Iron-Horse-92602/home/108457924

This one is pretty clean/simple/modern though, definitely tastefully done.

Will be interesting to see how these three homes with identical floor plans sell.  Was Iron Horse even lived in or just professionally staged to sell? It's nicely done, but with the smallest yard out of the three.  Copper Mine looks dark, but could be due to the furniture and picture quality.

Pending.  $265k in less than a year, and yes I know there were other expenses.

Offline USCTrojanCPA

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1572 on: May 19, 2017, 09:58:59 PM »
Iron Horse takes the lead...
https://www.redfin.com/CA/Irvine/131-Iron-Horse-92602/home/108457924

This one is pretty clean/simple/modern though, definitely tastefully done.

Will be interesting to see how these three homes with identical floor plans sell.  Was Iron Horse even lived in or just professionally staged to sell? It's nicely done, but with the smallest yard out of the three.  Copper Mine looks dark, but could be due to the furniture and picture quality.

Pending.  $265k in less than a year, and yes I know there were other expenses.

Took over 2 months to get into escrow, I'll be shocked if it closes around the listing price....my guess $1.325m to $1.35m.
Martin Mania
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Often imitated....Never duplicated!

Offline Irvine Fanatic

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1573 on: May 26, 2017, 02:39:53 PM »
Another Quarter Horse resale...
https://www.redfin.com/CA/Irvine/55-Quarter-Horse-92602/home/109741345

Nice 2yr profit.

Looks like 55 quarter horse dropped $40k to compete with 71 copper mine, which only dropped $9k. Who is gonna snag a buyer first...  :o

Offline Irvine Fanatic

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Re: Orchard Hills - Strada by Irvine Pacific
« Reply #1574 on: May 26, 2017, 02:45:50 PM »
Another Plan 3 on the market - https://www.redfin.com/CA/Irvine/59-Quarter-Horse-92602/home/109734754
Little pricey.  Nice photo of the car smack in the front.

Wow, seems like there are a lot of speculators on quarter horse. This dropped $50k, but seemed overpriced to begin with.

 

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