Orchard Hills - Strada by Irvine Pacific

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.
 
abosch00 said:
Irvine Fanatic said:
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
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So $140K increase in under a year?  thats pretty great.
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$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. 
 
Goriot said:
abosch00 said:
Irvine Fanatic said:
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
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So $140K increase in under a year?  thats pretty great.
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$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.
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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.
 
Paris said:
Irvine Dream said:
Goriot said:
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.
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And TUSD  >:D

Paris is probably jumping up and down, so her Capella must be worth more than this right?
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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.
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Capella resales lower than Strada resales. Wow
All TUSD.  The perception of gates do not matter. IPac better than TM?
 
lovingit said:
Capella resales lower than Strada resales. Wow
All TUSD.  The perception of gates do not matter. IPac better than TM?
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FTFY -

Ipac's marketing budget targeting wealthy Chinese > TM's marketing budget targeting wealthy Chinese
 
A S said:
aquabliss said:
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.
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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.
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Pending.  $265k in less than a year, and yes I know there were other expenses.
 
aquabliss said:
A S said:
aquabliss said:
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.
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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.
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Pending.  $265k in less than a year, and yes I know there were other expenses.
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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.
 
Goriot said:
aquabliss said:
Check out the side yard on this baby:https://www.redfin.com/CA/Irvine/60-Quarter-Horse-92602/home/109734609

Nicely done though, both inside and out.  The 6 huge olive trees in the back yard alone probably cost around $15k.
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Investments in expensive Olive Trees paid off.  Went pending.
https://www.redfin.com/CA/Irvine/60-Quarter-Horse-92602/home/109734609
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Does anyone know why this has been pending for over 2 months, almost heading into its 3rd month?
 
These recent sales and the final few Strada phases having closed (folks are moving into the houses next to the models), appear to be hitting Zillow's automated valuation model. My Zestimate is up over $50K in the past 30 days.
 
Now that the development is built out, seeing quite a few resales:
https://www.redfin.com/CA/Irvine/59-Quarter-Horse-92602/home/109734754(38 days)https://www.redfin.com/CA/Irvine/55-Quarter-Horse-92602/home/109741345(83 days)https://www.redfin.com/CA/IRVINE/90-THOROUGHBRED-92602/home/107365003(45 days)https://www.redfin.com/CA/Irvine/84-Copper-Mine-92602/home/103690418(13 days)

That said, most of these people are trying to net at least a $150k-$200k profit in the 2-3 years they've owned. Obviously that doesn't factor in the backyard, additional upgrades, and agent commission.
 
best_potsticker_in_town said:
Now that the development is built out, seeing quite a few resales:
https://www.redfin.com/CA/Irvine/59-Quarter-Horse-92602/home/109734754(38 days)https://www.redfin.com/CA/Irvine/55-Quarter-Horse-92602/home/109741345(83 days)https://www.redfin.com/CA/IRVINE/90-THOROUGHBRED-92602/home/107365003(45 days)https://www.redfin.com/CA/Irvine/84-Copper-Mine-92602/home/103690418(13 days)

That said, most of these people are trying to net at least a $150k-$200k profit in the 2-3 years they've owned. Obviously that doesn't factor in the backyard, additional upgrades, and agent commission.
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I think by far 51 Quarter Horse got the most bang for their buck. In just 2 years time, over ~$360K! Now that's some awesome appreciation. I know there's the landscape and commissions that I'm not counting, but still, awesome. I think this particular sale might have pushed some of the others to jump in the market hoping to replicate.

https://www.redfin.com/CA/Irvine/51-Quarter-Horse-92602/home/109734746

 
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