Author Topic: Orchard Hills - Strada by Irvine Pacific  (Read 422786 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 »

 

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