3-Car Garage Homes

Another one from the Scott Gunther notification system:

9 Winchester, 2974sf, $699,000
http://www.redfin.com/CA/Irvine/9-Winchester-92620/home/4780427

Floorplan
http://floorplans.irvinerealtorsite.com/Northwood/Woodcrest/WoodcrestC2850.JPG

I actually like this house even though the pictures aren't up yet. The floorplan is decent except for the fact that the laundry is downstairs in the garage pass-thru (at least it's not in the garage which is surprising considering this house was built in 1978). The master bathroom could be bigger but it has a retreat (what they call "sitting room"). The rumpus room is a... well bonus... since you can make that a play room or a media room (I like having upstairs family areas).

And the location is really nice, end of the cul-de-sac (although may not be Feng Shui since it's right on the end) and backs a greenbelt. The Northwood Community Park is directly down the street so not only is it quiet, but it's near family areas.

It's a short sale, hence the lowball price so I think it will probably go for over $800k.

I wonder what it looks like on the inside?
 
[quote author="irvinehomeowner"]Another one from the Scott Gunther notification system:

9 Winchester, 2974sf, $699,000
http://www.redfin.com/CA/Irvine/9-Winchester-92620/home/4780427

Floorplan
http://floorplans.irvinerealtorsite.com/Northwood/Woodcrest/WoodcrestC2850.JPG

I actually like this house even though the pictures aren't up yet. The floorplan is decent except for the fact that the laundry is downstairs in the garage pass-thru (at least it's not in the garage which is surprising considering this house was built in 1978). The master bathroom could be bigger but it has a retreat (what they call "sitting room"). The rumpus room is a... well bonus... since you can make that a play room or a media room (I like having upstairs family areas).

And the location is really nice, end of the cul-de-sac (although may not be Feng Shui since it's right on the end) and backs a greenbelt. The Northwood Community Park is directly down the street so not only is it quiet, but it's near family areas.

It's a short sale, hence the lowball price so I think it will probably go for over $800k.

I wonder what it looks like on the inside?[/quote]

Redfin says "Fixer upper home" so it may not go that high depending on the condition. You also have less FCB competition since they like newer areas. So if you really like it, you might get it for a good price.

I like the area as well. I take my son to NW Community park, he loves that castle. You are also in walking distance to Zion market.
 
[quote author="irvinehomeowner"]So IrvineRealtor gracefully showed me the Maynard house in Tustin Ranch.
[...]
If it was fixed up to the point where it seemed brand new, that might make the decision harder but after looking at a few more things (which IR is excellent at pointing out) it makes you wonder if it's worth even $750k.

I'm pretty sure someone will buy it for around that price (2 other parties were there while we were there) but with a $685k comp, I think this is probably more looking at $715k just to count in the location and several upgrades premium.
[/quote]
Wow... that was fast, it's already in 'Pending' status. Since it was being sold by flippers, I'm sure they took whatever was offered.

http://www.redfin.com/CA/Tustin/11605-Maynard-Ave-92782/home/4764510

Let's see what this closes at. There is only one other available 3CWG house in TR for $775k and that's a short sale so this was probably seen as a bargain (even with that $685k comp).

The other sub $800k home I listed, 7 Roanne Circle in El Camino is also under contract so the only sub $800k 3CWG homes left in Irvine is the Winchester one in Northwood and this one:

14 Jackson, 2453sf, $699,000
http://www.redfin.com/CA/Irvine/14-Jackson-92620/home/4779029

But it's a short sale I've seen it listed before so I have no idea what is going to happen with it.

So the only other "cheap" 3CWG in Irvine is 23 Laconia at $800k.

My quest continues...
 
FYI, spoke with the Realtor on this property today and they have received three offers on the property, all slightly above the list price. Seller is no longer showing the property and is working with the offers that they have.
 
[quote author="irvinekoolaid"]FYI, spoke with the Realtor on this property today and they have received three offers on the property, all slightly above the list price. Seller is no longer showing the property and is working with the offers that they have. [/quote]
Which one are you referring to? Winchester?
 
[quote author="irvinekoolaid"]Yes, Winchester. Didn't realize that we posted at the same time! [/quote]
Wow... you were right, it's pending on Redfin today.

Isn't that fast for a short sale?
 
They are now submitting the offer to the bank for approval. Agent said slightly over list so I think between $710K-$725K. Will now sit with the bank for a little while, but seeing sale of 110 Monticello and others the, the price might be reasonable and might be approved by the bank.
 
[quote author="irvinekoolaid"]I've seen short sales go pending very quick, it's at the pending status that they stay forever with the bank. [/quote]
You guys want shadow inventory, I'll give you some...there are 272 properties listed in Irvine with "back-up offer" and "pending" status that are short sales. That is about 1.5 months worth of inventory and some of these things have being lingering on MLS for 4-6 months.
 
[quote author="irvinehomeowner"]What is this "shadow inventory" you speak of?[/quote]

It has been raining; you can't see your shadow. Wait for the sun to come out; then you will see the light.
 
22 Santa Rida is active again.

Can any of your realtors out there tell us what happened? It was contingent and now it's back... did the buyer not qual? Did the money plane not arrive from a foreign land? Whuhap?
 
This one in Northpark popped up today and the one big reason why I like it is the lot is HUGE:

102 Spring Vly, 2500sf, $949,000
http://www.redfin.com/CA/Irvine/102-Spring-Vly-92602/home/5812683

Floorplan
http://floorplans.irvinerealtorsite.com/Northpark/MendocinoNorth/MendocinoNorthC2468.JPG

It has dual master closets, upstairs laundry with sink and the back/side yard really does look like a park... no downstairs bedroom though.

This is probably better than the Portola Springs Gray Dove one based on lot size and should move pretty fast.
 
[quote author="irvinehomeowner"]This one in Northpark popped up today and the one big reason why I like it is the lot is HUGE:

102 Spring Vly, 2500sf, $949,000
http://www.redfin.com/CA/Irvine/102-Spring-Vly-92602/home/5812683

Floorplan
http://floorplans.irvinerealtorsite.com/Northpark/MendocinoNorth/MendocinoNorthC2468.JPG

It has dual master closets, upstairs laundry with sink and the back/side yard really does look like a park... no downstairs bedroom though.

This is probably better than the Portola Springs Gray Dove one based on lot size and should move pretty fast.[/quote]

Wow! Lot is huge!! But with 2500 sqft, you would think they could put in a bedroom downstairs. The price is high too for 2500 sqft.
 
[quote author="irvinehomeowner"]Yeah... that's the problem I had with the Las Colinas Plan 1 on Gray Dove... 2700sf but only 3 bedrooms... grrrrrr.[/quote]

Yah! I remember looking at the floorplan and asking myself, "where the heck does all that sqft-age go to?"
They could have fit at least 4 if not 5 bedrooms in 2700 sqft, with 1 downstairs.
 
[quote author="irvinehomeowner"]22 Santa Rida is active again.

Can any of your realtors out there tell us what happened? It was contingent and now it's back... did the buyer not qual? Did the money plane not arrive from a foreign land? Whuhap?[/quote]
Can't tell from the listing but it was only in back-up status for only 9 days. $400/sf is a very steep price to pay for this home (over comps) so maybe the potential buyer realized they were overpaying and backed out. Btw, the buyer's agent commission is only 2% for this baby too. Don't know why the seller is being so greedy as they only have a loan of less than $240k on the property.

Here are the agent-to-agent comments for your reading pleasure:

"Go Direct- Property is vacant. Please mongo fax or email offers only to XXXXXXX. Please do not fax or deliver offers to our office as it may cause a delay. Per OC Tax Accessor, mello roos + assessments is approximately $3,669 per year. Thank you for showing!"
 
[quote author="irvinehomeowner"]This one in Northpark popped up today and the one big reason why I like it is the lot is HUGE:

102 Spring Vly, 2500sf, $949,000
http://www.redfin.com/CA/Irvine/102-Spring-Vly-92602/home/5812683

Floorplan
http://floorplans.irvinerealtorsite.com/Northpark/MendocinoNorth/MendocinoNorthC2468.JPG

It has dual master closets, upstairs laundry with sink and the back/side yard really does look like a park... no downstairs bedroom though.

This is probably better than the Portola Springs Gray Dove one based on lot size and should move pretty fast.[/quote]

/sarcasm on

No way, IHO. This one is fatally flawed with the 714 area code and TUSD. It will languish on the market for months while Sonoma and Carmel will surely sell out this weekend. Besides, they would probably need to sell this to some dude doing an FHA loan, because no cash buyers would want a property like this. The cash buyer kids don't like to play in a backyard.

/sarcasm off
 
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