Author Topic: Newer Irvine listings with crazy WTF asking prices from equity sellers  (Read 1896767 times)

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Offline CalBears96

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3810 on: May 12, 2022, 01:45:21 PM »
detached condo, or single family residence (SFR)….

https://www.redfin.com/CA/Irvine/111-Winnett-92602/home/179397680?600390594=copy_variant&231528114=control&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Motorcourt home, kinda ugly from my perspective from outside, boring on the inside. $928/sq foot. WTF?!
It makes me cringe when there is a motorcourt and the home is classified as SFH. If it's on a motorcourt and you get your own driveway, I can kind of get it, but still.... SMH

It's listed as SFR, but it's definitely a detached condo.

Offline The California Court Company

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3811 on: May 12, 2022, 03:30:11 PM »
that’s what I meant, SFH is the legal term where you own your land your house is built on and no shared ownership of land with your neighbors. But for these motor court homes, where the private motor court has shared ownership, legally it is classified as detached condo but marketing wise the builder is using Single Family Residence to make it sound like SFH….

detached condo, or single family residence (SFR)….

https://www.redfin.com/CA/Irvine/111-Winnett-92602/home/179397680?600390594=copy_variant&231528114=control&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Motorcourt home, kinda ugly from my perspective from outside, boring on the inside. $928/sq foot. WTF?!
It makes me cringe when there is a motorcourt and the home is classified as SFH. If it's on a motorcourt and you get your own driveway, I can kind of get it, but still.... SMH

It's listed as SFR, but it's definitely a detached condo.
"Should any Person come into contact with such fruit, soil or groundwater, such Person is advised to wash thoroughly with soap and water and seek immediate medical attention"-Augusta Disclosure, Tustin Legacy

"You'll probably be able to buy a 4BR detached home in Quail Hill for $150,000."-IndieDev

Offline CalBears96

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3812 on: May 12, 2022, 04:31:52 PM »
that’s what I meant, SFH is the legal term where you own your land your house is built on and no shared ownership of land with your neighbors. But for these motor court homes, where the private motor court has shared ownership, legally it is classified as detached condo but marketing wise the builder is using Single Family Residence to make it sound like SFH….

detached condo, or single family residence (SFR)….

https://www.redfin.com/CA/Irvine/111-Winnett-92602/home/179397680?600390594=copy_variant&231528114=control&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Motorcourt home, kinda ugly from my perspective from outside, boring on the inside. $928/sq foot. WTF?!
It makes me cringe when there is a motorcourt and the home is classified as SFH. If it's on a motorcourt and you get your own driveway, I can kind of get it, but still.... SMH

It's listed as SFR, but it's definitely a detached condo.

More like real estate agents doing that. IP certainly didn't market my Bluffs 2 as SFR. They still call it detached condo.

Highland, on the other hand, since it has its own driveway, is classified as SFR. But street parking still isn't allowed at Highland. And Highland still has sub HOA fee as well.

Offline Irvinehomeseeker

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3813 on: May 12, 2022, 04:50:04 PM »
that’s what I meant, SFH is the legal term where you own your land your house is built on and no shared ownership of land with your neighbors. But for these motor court homes, where the private motor court has shared ownership, legally it is classified as detached condo but marketing wise the builder is using Single Family Residence to make it sound like SFH….

detached condo, or single family residence (SFR)….

https://www.redfin.com/CA/Irvine/111-Winnett-92602/home/179397680?600390594=copy_variant&231528114=control&1778901559=variant&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Motorcourt home, kinda ugly from my perspective from outside, boring on the inside. $928/sq foot. WTF?!
It makes me cringe when there is a motorcourt and the home is classified as SFH. If it's on a motorcourt and you get your own driveway, I can kind of get it, but still.... SMH

It's listed as SFR, but it's definitely a detached condo.

More like real estate agents doing that. IP certainly didn't market my Bluffs 2 as SFR. They still call it detached condo.

Highland, on the other hand, since it has its own driveway, is classified as SFR. But street parking still isn't allowed at Highland. And Highland still has sub HOA fee as well.

I think this will easily go at 2M! Nice location, former model.

Offline CalBears96

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3814 on: May 12, 2022, 05:10:16 PM »
I think this will easily go at 2M! Nice location, former model.

It's quite unimpressive for a former model and the exterior is arguably the worst, if this is IP home. I think it's Lago?

Almost $1000/sq ft is crazy for a detached condo. I guess there will be a desperate buyer somehow.

Offline sleepy5136

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3815 on: May 12, 2022, 07:48:43 PM »
That home is similar to the ones in BR like this one https://www.redfin.com/CA/Lake-Forest/72-Eclipse-92630/home/143912457. The county classifies that as SFH.

I really don’t like how SFH is so loosely used in real estate. There should be a clear definition of what SFH is. It definitely shouldn’t be one if it has no backyard or driveway IMO.

Offline CalBears96

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3816 on: May 12, 2022, 08:40:24 PM »
That home is similar to the ones in BR like this one https://www.redfin.com/CA/Lake-Forest/72-Eclipse-92630/home/143912457. The county classifies that as SFH.

I really don’t like how SFH is so loosely used in real estate. There should be a clear definition of what SFH is. It definitely shouldn’t be one if it has no backyard or driveway IMO.

Backyard could be small or big, so I don't think that should be one of the criteria. I think the most important criteria is that it SHOULD at least have a driveway that you can park your car without obstructing anything. This BR one doesn't seem to have it.

Offline sleepy5136

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3817 on: May 12, 2022, 09:07:33 PM »
That home is similar to the ones in BR like this one https://www.redfin.com/CA/Lake-Forest/72-Eclipse-92630/home/143912457. The county classifies that as SFH.

I really don’t like how SFH is so loosely used in real estate. There should be a clear definition of what SFH is. It definitely shouldn’t be one if it has no backyard or driveway IMO.

Backyard could be small or big, so I don't think that should be one of the criteria. I think the most important criteria is that it SHOULD at least have a driveway that you can park your car without obstructing anything. This BR one doesn't seem to have it.
What I mean is if you don’t have both a driveway and backyard, it’s not a SFH.

Offline Danimal

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3818 on: May 12, 2022, 09:50:46 PM »
That home is similar to the ones in BR like this one https://www.redfin.com/CA/Lake-Forest/72-Eclipse-92630/home/143912457. The county classifies that as SFH.

I really don’t like how SFH is so loosely used in real estate. There should be a clear definition of what SFH is. It definitely shouldn’t be one if it has no backyard or driveway IMO.

Backyard could be small or big, so I don't think that should be one of the criteria. I think the most important criteria is that it SHOULD at least have a driveway that you can park your car without obstructing anything. This BR one doesn't seem to have it.
What I mean is if you don’t have both a driveway and backyard, it’s not a SFH.

Your logic doesnt make sense. A courtyard home with both driveway and backyard should be SFH?

Offline CalBears96

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3819 on: May 12, 2022, 10:24:48 PM »
That home is similar to the ones in BR like this one https://www.redfin.com/CA/Lake-Forest/72-Eclipse-92630/home/143912457. The county classifies that as SFH.

I really don’t like how SFH is so loosely used in real estate. There should be a clear definition of what SFH is. It definitely shouldn’t be one if it has no backyard or driveway IMO.

Backyard could be small or big, so I don't think that should be one of the criteria. I think the most important criteria is that it SHOULD at least have a driveway that you can park your car without obstructing anything. This BR one doesn't seem to have it.
What I mean is if you don’t have both a driveway and backyard, it’s not a SFH.

Your logic doesnt make sense. A courtyard home with both driveway and backyard should be SFH?

Well, as long as it has both driveway, then it doesn't matter if it's motor court. The so-called motor court at BR/Meadows are just what they call "private driveway". You can consider it a short cul de sac if you want.

Offline CalBears96

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3820 on: May 12, 2022, 10:27:36 PM »
That home is similar to the ones in BR like this one https://www.redfin.com/CA/Lake-Forest/72-Eclipse-92630/home/143912457. The county classifies that as SFH.

I really don’t like how SFH is so loosely used in real estate. There should be a clear definition of what SFH is. It definitely shouldn’t be one if it has no backyard or driveway IMO.

Backyard could be small or big, so I don't think that should be one of the criteria. I think the most important criteria is that it SHOULD at least have a driveway that you can park your car without obstructing anything. This BR one doesn't seem to have it.
What I mean is if you don’t have both a driveway and backyard, it’s not a SFH.

Really though. Even detached condos have backyard, so it's a moot point. My backyard, for example, is much bigger than some of the ones at Highland. It doesn't make Highland homes non-SFR.

Offline The California Court Company

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3821 on: May 12, 2022, 11:38:25 PM »
I think it is all about the land ownership...detached condo owners jointly own the land access that lead to each individual house. while in SFHs (or SFRs?) that land access is owned by the public.
"Should any Person come into contact with such fruit, soil or groundwater, such Person is advised to wash thoroughly with soap and water and seek immediate medical attention"-Augusta Disclosure, Tustin Legacy

"You'll probably be able to buy a 4BR detached home in Quail Hill for $150,000."-IndieDev

Offline sleepy5136

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3822 on: May 13, 2022, 08:57:44 AM »
That home is similar to the ones in BR like this one https://www.redfin.com/CA/Lake-Forest/72-Eclipse-92630/home/143912457. The county classifies that as SFH.

I really don’t like how SFH is so loosely used in real estate. There should be a clear definition of what SFH is. It definitely shouldn’t be one if it has no backyard or driveway IMO.

Backyard could be small or big, so I don't think that should be one of the criteria. I think the most important criteria is that it SHOULD at least have a driveway that you can park your car without obstructing anything. This BR one doesn't seem to have it.
What I mean is if you don’t have both a driveway and backyard, it’s not a SFH.

Your logic doesnt make sense. A courtyard home with both driveway and backyard should be SFH?
I personally think that's not a true SFH, but if builders classified a motor court home with driveway and backyard as SFH, it's more understandable than one with no driveway like the one I posted. Right now SFH is loosely used.

Offline Bullsback

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3823 on: May 16, 2022, 08:45:42 AM »
That home is similar to the ones in BR like this one https://www.redfin.com/CA/Lake-Forest/72-Eclipse-92630/home/143912457. The county classifies that as SFH.

I really don’t like how SFH is so loosely used in real estate. There should be a clear definition of what SFH is. It definitely shouldn’t be one if it has no backyard or driveway IMO.

Backyard could be small or big, so I don't think that should be one of the criteria. I think the most important criteria is that it SHOULD at least have a driveway that you can park your car without obstructing anything. This BR one doesn't seem to have it.
What I mean is if you don’t have both a driveway and backyard, it’s not a SFH.

Your logic doesnt make sense. A courtyard home with both driveway and backyard should be SFH?

Well, as long as it has both driveway, then it doesn't matter if it's motor court. The so-called motor court at BR/Meadows are just what they call "private driveway". You can consider it a short cul de sac if you want.
If you have kids - there is a niceness to a motorcourt with driveway. Much more private street in terms of kids being able to play on it and you still get the joy of your own driveway.  I do get your guests still have to park out on the street but since I live on one (and have young kids who are always playing outside) - I have come to appreciate the quietness of a motorcourt street. 

Offline hurijo

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #3824 on: May 16, 2022, 08:53:06 AM »
I agree as well. There are some nice aspects of having a motorcourt. I also like the ability to have my garage open (maybe not the best habit) and not having anyone driving by being able to see into my garage or what I'm doing in the garage.

That home is similar to the ones in BR like this one https://www.redfin.com/CA/Lake-Forest/72-Eclipse-92630/home/143912457. The county classifies that as SFH.

I really don’t like how SFH is so loosely used in real estate. There should be a clear definition of what SFH is. It definitely shouldn’t be one if it has no backyard or driveway IMO.

Backyard could be small or big, so I don't think that should be one of the criteria. I think the most important criteria is that it SHOULD at least have a driveway that you can park your car without obstructing anything. This BR one doesn't seem to have it.
What I mean is if you don’t have both a driveway and backyard, it’s not a SFH.

Your logic doesnt make sense. A courtyard home with both driveway and backyard should be SFH?

Well, as long as it has both driveway, then it doesn't matter if it's motor court. The so-called motor court at BR/Meadows are just what they call "private driveway". You can consider it a short cul de sac if you want.
If you have kids - there is a niceness to a motorcourt with driveway. Much more private street in terms of kids being able to play on it and you still get the joy of your own driveway.  I do get your guests still have to park out on the street but since I live on one (and have young kids who are always playing outside) - I have come to appreciate the quietness of a motorcourt street.

 

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