Talk Irvine

General => Real Estate => Irvine Real Estate => Topic started by: . on June 04, 2013, 11:17:48 AM

Title: New Irvine house with small lot size
Post by: . on June 04, 2013, 11:17:48 AM
I saw couple new model house in CV and SG.  However, their lot size is tiny.  Does anyone know why is this?  Old house in Irvine usually has a 5000 lot size.

I feel I am buy a condo with house price because of small lot size.

Thanks
Title: Re: New Irvine house with small lot size
Post by: JasonTheArtist on June 04, 2013, 11:26:37 AM
Irvine.
Title: Re: New Irvine house with small lot size
Post by: qwerty on June 04, 2013, 11:36:01 AM
irvine company maximizing profits, they can build more homes per acre
Title: Re: New Irvine house with small lot size
Post by: Homer_Simpson on June 04, 2013, 11:45:47 AM
irvine company maximizing profits, they can build more homes per acre

THIS!
Title: Re: New Irvine house with small lot size
Post by: test on June 04, 2013, 12:18:52 PM
Ripping you off because you let them.  As long as people keep buying small lot sizes they will keep building small lot sizes.  Just say no.
Title: Re: New Irvine house with small lot size
Post by: quattroporte on June 04, 2013, 12:39:57 PM
Welcome to Irvine.
Title: Re: New Irvine house with small lot size
Post by: Goriot on June 04, 2013, 12:56:15 PM
It's because people like me let them rip us off. ;) I think the land saved are used more for common grounds and parks in Irvine compared to other towns.  Irvine has most number of parks and common grounds relative to the total number of homes (good park to home ratio).  btw, I hate taking care of lawns, etc.  More water, gardener cost more, etc.  I rarely go out in the backyard.  I rather have more living space in door.
Title: Re: New Irvine house with small lot size
Post by: snowblind40 on June 04, 2013, 01:02:11 PM
Replace your HOA cost with the nominal cost of a gardener. 

Just purchased a home in fountain valley, 2600 sqft, 6500 sqft lot, driveway, large roads, nearby park in community, and 5 miles to beach!  Only $745k! Sure it is old but nothing a $100k Reno budget can't solve.  You know, all the money I made from selling my house at WTF prices in Irvine!
Title: Re: New Irvine house with small lot size
Post by: Homer_Simpson on June 04, 2013, 01:04:28 PM
Congrats Snowblind! I really like FV!
Title: Re: New Irvine house with small lot size
Post by: SoCal on June 04, 2013, 01:09:22 PM
gardener cost more,

That's what kids are for.
Title: Re: New Irvine house with small lot size
Post by: qwerty on June 04, 2013, 01:18:15 PM
it seems like some people have a sense of pride that they were ripped off by TIC. i dont understand it.
Title: Re: New Irvine house with small lot size
Post by: USCTrojanCPA on June 04, 2013, 01:26:50 PM
It's because people like me let them rip us off. ;) I think the land saved are used more for common grounds and parks in Irvine compared to other towns.  Irvine has most number of parks and common grounds relative to the total number of homes (good park to home ratio).  btw, I hate taking care of lawns, etc.  More water, gardener cost more, etc.  I rarely go out in the backyard.  I rather have more living space in door.
You can always build more living indoor space, you can't build more land.  Hence, land is more valuable that the structure of the home.   :P   If you have a bigger lot, you can build a bigger and better home than your neighbors.   8)
Title: Re: New Irvine house with small lot size
Post by: USCTrojanCPA on June 04, 2013, 01:28:00 PM
gardener cost more,

That's what kids are for.
Yup, my neighbors kids mow the lawn every two weeks and I see them doing other chores like putting out the trash cans.
Title: Re: New Irvine house with small lot size
Post by: USCTrojanCPA on June 04, 2013, 01:28:49 PM
BECAUSE Irvine and TIC.
Corrected!
Title: Re: New Irvine house with small lot size
Post by: JasonTheArtist on June 04, 2013, 01:33:59 PM
BECAUSE Irvine and TIC.
Corrected!

AND people like me who see the worth.
Title: Re: New Irvine house with small lot size
Post by: frenet on June 04, 2013, 01:41:24 PM
Lot size is incredibly important. It determines the amount of space between houses. Also land has fundamental value all by itself.

We are looking to get a larger SFR, but I'm unwilling to pay more for a smaller lot.
Title: Re: New Irvine house with small lot size
Post by: jamboreedude on June 04, 2013, 03:05:09 PM
it seems like some people have a sense of pride that they were ripped off by TIC. i dont understand it.

Because they want to live in Irvine so badly that they are willing suckers!
Title: Re: New Irvine house with small lot size
Post by: Irvine_Dreamer on June 04, 2013, 11:00:06 PM
I saw couple new model house in CV and SG.  However, their lot size is tiny.  Does anyone know why is this?  Old house in Irvine usually has a 5000 lot size.
Study the village layout carefully, and you may find few lots that are larger than others.
Now trying to buy that larger lot in this buying frenzy is different story.
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