Newer Irvine listings with crazy WTF asking prices from equity sellers

$90 more HOA/month for the Primrose versus Delano. But factor in higher mello (4762 vs 3019), around extra 145/month so Primrose will cost you $235 more per month.

You get better amenities, IMO better community layout. But ouch.
 
Maserson said:
$90 more HOA/month for the Primrose versus Delano. But factor in higher mello (4762 vs 3019), around extra 145/month so Primrose will cost you $235 more per month.

You get better amenities, IMO better community layout. But ouch.
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This is a fair analysis. But everyone have their own preferences. For me I rather take take the better amenities.
 
Burn That Belly said:
A Primrose plan 2 just hit the market. This one is actually better because all living space on the 2nd floor and no third floor. Decor is rather colorful. Price is affordable for two millennials with half-decent jobs. But that HOA is killer. Oh, did I mention Balcony views of all your neighbors' garages. Who would've thought about that!
https://www.redfin.com/CA/Irvine/157-Fixie-92618/home/145380768

genMid.OC18089150_43_0.jpg
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mustard yellow walls + two sofas found at grandmother's estate sale + dining room table/chairs haphazardly thrown together

please stage...
 
Kings said:
Burn That Belly said:
A Primrose plan 2 just hit the market. This one is actually better because all living space on the 2nd floor and no third floor. Decor is rather colorful. Price is affordable for two millennials with half-decent jobs. But that HOA is killer. Oh, did I mention Balcony views of all your neighbors' garages. Who would've thought about that!
https://www.redfin.com/CA/Irvine/157-Fixie-92618/home/145380768

genMid.OC18089150_43_0.jpg
Click to expand...

mustard yellow walls + two sofas found at grandmother's estate sale + dining room table/chairs haphazardly thrown together

please stage...
Click to expand...

Maybe that is staged....YIKES!
 
USCTrojanCPA said:
Kings said:
Burn That Belly said:
A Primrose plan 2 just hit the market. This one is actually better because all living space on the 2nd floor and no third floor. Decor is rather colorful. Price is affordable for two millennials with half-decent jobs. But that HOA is killer. Oh, did I mention Balcony views of all your neighbors' garages. Who would've thought about that!
https://www.redfin.com/CA/Irvine/157-Fixie-92618/home/145380768

genMid.OC18089150_43_0.jpg
Click to expand...

mustard yellow walls + two sofas found at grandmother's estate sale + dining room table/chairs haphazardly thrown together

please stage...
Click to expand...

Maybe that is staged....YIKES!
Click to expand...

I'd pay the extra $200/month to have two neon blue chairs versus an FCB clothesline.
 
Burn That Belly said:
A tri-floor Sterling residence just showed up at GP. Home was built in 2018 so looks like they're getting out fast? Everything looks to be standard amenities from the granite, flooring, carpet, and countertops. After closing and comission costs, will they even break even? 

At least the home staging was done a bit better this time. Why didn't they include pictures of the top-floor. That's the highlight of the home imho. Really strange to see more and more 2nd floor/3rd floor living homes coming up on the market so fast at GP.
https://www.redfin.com/CA/Irvine/173-Magnet-92618/home/145458875
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Maybe seller is an agent? I asked for myself a the GP developments are paying 3% except for Lennar that is paying 2%. So they get 3% on the purchase and on the sale they save 2-3% so they can easily make a quick profit. Whether or not it's worth the effort is another question though.
 
Maserson said:
Probably a flip. Sterling plan 3 started at 689k. If they get asking price, fast money.
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Think 689k was for the plan 3 without the 3rd floor.  The one with it was 750k.  Nevertheless, a quick profit for sure if they can get asking. 
 
Burn That Belly said:
A couple more GP homes just popped up. The usual convalescent-home-looking exterior. The kitchen decor is more neutral and should appeal to more buyers. Finally, a balcony that faces the wide street as opposed to all your neighbor's garages. I truly find it funny how there's your own dedicated handicap parking spot RIGHT in front of your front door, yet the minute you open up the door, you're greeted with a long staircase to heaven masterfully-planned living. Must feel like crap if you are in a wheelchair at that point. The fact that they invested in a water-softener to the home, plus ceiling fans in all rooms, and custom-garage cabinets means they gave it their best to try this make this place called "home" but didn't work out...

genMid.RS18092415_0.jpg

https://www.redfin.com/CA/Irvine/156-Follyhatch-92618/home/112937992
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Did you miss the elevator that is in this unit, to take you to 'heaven'?
 
That Follyhatch listing is an interesting bird. $724k in June 2017, $795k in less than 1 year? Better than owning BTC. The elevator is a nice draw compared to similar listings. Would want an ironclad warranty on the lift if I were to buy.

My .02c
 
iacrenter said:
Burn That Belly said:
This is by far one of my favorite GP home. Nicely done and huge lot and great views.

It's unfortunate though as I don't think he'll get that asking price. $599/sqft?  This ain't OH3! Come on people.
https://www.redfin.com/CA/Irvine/101-Calderon-92618/home/108551822
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Is this home being used as a birthing hotel? Who needs two washers?

genMid.OC18054513_25_0.jpg
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Usually if two washers are installed, one would be in a different color and lower price point, used for "dirty" items such as cleaning towels and mops, while the other more expensive one is used for clothing.  Not sure what these guys do with them.
 
momopi said:
iacrenter said:
Burn That Belly said:
This is by far one of my favorite GP home. Nicely done and huge lot and great views.

It's unfortunate though as I don't think he'll get that asking price. $599/sqft?  This ain't OH3! Come on people.
https://www.redfin.com/CA/Irvine/101-Calderon-92618/home/108551822
Click to expand...

Is this home being used as a birthing hotel? Who needs two washers?

genMid.OC18054513_25_0.jpg
Click to expand...


Usually if two washers are installed, one would be in a different color and lower price point, used for "dirty" items such as cleaning towels and mops, while the other more expensive one is used for clothing.  Not sure what these guys do with them.
Click to expand...

n+1 redundancy
 
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