Author Topic: Newer Irvine listings with crazy WTF asking prices from equity sellers  (Read 1294171 times)

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Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2385 on: July 11, 2018, 05:18:54 PM »
They are looking for $450k profit in less than two years   :o  How can even an agent agree to list it at this price?  Their time will be wasted for several open houses until they cut the price by $200k or even more.

https://www.redfin.com/CA/Irvine/113-Diamondback-92618/home/109742851

I'll be really surprised if they get over $500/sf.
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Offline aquabliss

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2386 on: July 11, 2018, 05:26:39 PM »
Guys buying 113 Diamondback = Instand ROI!

Redfin estimate is $1,780,521

Just saying.

Offline FB1907

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2387 on: July 11, 2018, 05:40:37 PM »
Guys buying 113 Diamondback = Instand ROI!

Redfin estimate is $1,780,521

Just saying.

There is another home on sale on the same exact street for $1.9M:  https://www.redfin.com/CA/Irvine/101-Diamondback-92618/home/112718985

If you calculate the average sqft for both listings, it is about $565.  Using that number, 113 Diamondback estimate would be $1.81M but it has a smaller lot and I'm sure Redfin takes the lot size into account somehow and their estimate ends up being $1.78M.

In short, Redfin estimates are not reliable and they are even ridiculous when there is no sufficient data(certain number of sold homes within last 6 months, currently listing homes,etc.)

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2388 on: August 07, 2018, 09:09:20 PM »
Wow, I don't think I've seen as high of a price per SF in Irvine ever...

https://www.redfin.com/CA/Irvine/102-Hayseed-92602/home/112729415

One too many zeros I guess.  haha
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Offline Mety

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2389 on: August 07, 2018, 09:19:55 PM »
Wow, I don't think I've seen as high of a price per SF in Irvine ever...

https://www.redfin.com/CA/Irvine/102-Hayseed-92602/home/112729415

One too many zeros I guess.  haha

It's BTB's third rental condo. I would fix the photo quality before fixing the listing price.

Offline aquabliss

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2390 on: September 08, 2018, 04:14:14 PM »
Gotta love the irony in the first sentence of this listing description:
https://www.redfin.com/CA/Irvine/106-Acamar-92618/home/108551837

Offline Compressed-Village

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2391 on: September 08, 2018, 04:20:37 PM »
Gotta love the irony in the first sentence of this listing description:
https://www.redfin.com/CA/Irvine/106-Acamar-92618/home/108551837

I would hate to be your landscapers. The details that you caught is pretty amazing.

Offline aquabliss

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2392 on: September 08, 2018, 11:37:39 PM »
Gotta love the irony in the first sentence of this listing description:
https://www.redfin.com/CA/Irvine/106-Acamar-92618/home/108551837

I would hate to be your landscapers. The details that you caught is pretty amazing.

I used Savannascapes, they changed everything I caught and made it right.  Thumbs up for Sean.

Offline paydawg

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2393 on: September 09, 2018, 02:26:31 PM »
Gotta love the irony in the first sentence of this listing description:
https://www.redfin.com/CA/Irvine/106-Acamar-92618/home/108551837

Also the 3rd line down! Spelled it wrong two different ways!

"Across the street from Elementary scholol!!!!"
Thanks in advance for the 'thanks'!!

Offline Ready2Downsize

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2394 on: September 18, 2018, 12:43:42 PM »
Bit excessive!

https://www.redfin.com/CA/Irvine/22-Middleton-92620/home/5769547

Corner lot (backs to Arborwood which is the road that everyone takes to get to Northwood High because Yale doesn't go thru) and next to the gate which gets you the added bonus of hearing the gate close every time someone drives thru it.


It looks like they might have painted those cabinets in the kitchen which I bet looks like..... not good.

Online woodburyowner

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2395 on: September 18, 2018, 02:49:49 PM »
Bit excessive!

https://www.redfin.com/CA/Irvine/22-Middleton-92620/home/5769547

Corner lot (backs to Arborwood which is the road that everyone takes to get to Northwood High because Yale doesn't go thru) and next to the gate which gets you the added bonus of hearing the gate close every time someone drives thru it.


It looks like they might have painted those cabinets in the kitchen which I bet looks like..... not good.

Exact model match comp down the street closed last month for $1.298M. 
https://www.redfin.com/CA/Irvine/10-Middleton-92620/home/4793273

I much prefer 10 Middleton than 22. 

Offline Ready2Downsize

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2396 on: September 18, 2018, 03:49:10 PM »
You can add 10 Middleton to your list of homes that sold for less than they did the previous sale. This was $1000 less with some painting and wainscot added to the home but a pretty poor return for 4 years in Irvine.

IMO though both buyers for 10 and 22 Middleton overpaid last time.

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2397 on: September 19, 2018, 10:54:28 PM »
So the flipper bought this home for $910k on July 2nd and now wants to get $378k more when they probably only spent less than $100k on upgrades?  Ummmm, there's no comps in old Northwood for a home of this size anywhere close to this asking price...

https://www.redfin.com/CA/Irvine/2-Christamon-W-92620/home/4785205

And what's with the fugly wood flooring color?  Couldn't pick something lighter and more modern? haha
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Offline Kenkoko

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2398 on: September 20, 2018, 01:13:19 AM »
I don't love the floor color either. The kitchen waterfall counter-top is only done on one side ??

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Offline iacrenter

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2399 on: September 20, 2018, 08:04:21 PM »
I have the same idea with you. Your post is so interesting your opinion is so good. I like it.
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