Author Topic: Newer Irvine listings with crazy WTF asking prices from equity sellers  (Read 1382427 times)

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Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2445 on: February 11, 2019, 12:01:03 PM »
This Baker Ranch home isn't an Irvine home but is worth honorable mention in this thread....

https://www.redfin.com/CA/Lake-Forest/25-Bellflower-92630/home/58554213

This should be a lesson to everyone, NEVER BUY A MODEL HOME FROM THE BUILDER!  The seller purchased this model home from Toll Bros in 2015 for $1.63m.  Closed comps are running over $200/sf lower than the asking price which would put the value of this home in the $1.2s....OUCH.
Martin Mania, CPA
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Offline marmott

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2446 on: February 11, 2019, 07:22:53 PM »
Price is maybe a bit high for this house: https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D

Offline Roger

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2447 on: February 12, 2019, 07:12:13 AM »
Price is maybe a bit high for this house: https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
How is this wtf price for 362/sq ft? ::)

Offline sell4u

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2448 on: February 12, 2019, 09:31:42 AM »
Price is maybe a bit high for this house: https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
How is this wtf price for 362/sq ft? ::)

I think he was saying WTF in reference to how the Seller's are using their garage and not so much the price. I agree with marmott, it is a total WTF. You would think CC&R's have rules (they probably do) for not using garages for their intended purposes. Part of the reason why there's public parking issues in many communities, not just Irvine. I even see it in my community, others too, shouldn't be allowed.

As for the price, 103 Neptune appears to be the same plan and it sold for $730k on 3/18. 
It's possible they'll get $730k, maybe a little less?  Irvine had about 370 properties for sale when that property closed on 3/18.  Today, Irvine's at 702 active. And aren't these 4 story condos?  These homeowners must be in great shape! I could never live in 4 stories, no thanks!

Offline Roger

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2449 on: February 12, 2019, 09:47:48 AM »
Price is maybe a bit high for this house: https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
How is this wtf price for 362/sq ft? ::)

I think he was saying WTF in reference to how the Seller's are using their garage and not so much the price. I agree with marmott, it is a total WTF. You would think CC&R's have rules (they probably do) for not using garages for their intended purposes. Part of the reason why there's public parking issues in many communities, not just Irvine. I even see it in my community, others too, shouldn't be allowed.

As for the price, 103 Neptune appears to be the same plan and it sold for $730k on 3/18. 
It's possible they'll get $730k, maybe a little less?  Irvine had about 370 properties for sale when that property closed on 3/18.  Today, Irvine's at 702 active. And aren't these 4 story condos?  These homeowners must be in great shape! I could never live in 4 stories, no thanks!
Then his remark isn't related to the subject... "Newer Irvine listings with crazy WTF asking prices from equity sellers"  ::)  But then again people rarely stick to what the OP really ask in the subject line anyways in this forum  ::)

Offline marmott

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2450 on: February 12, 2019, 10:35:44 AM »
Price is maybe a bit high for this house: https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
How is this wtf price for 362/sq ft? ::)

I still think it's  little pricey for this kind of condo, you effectively live on the third and fourth floor with the garage on the first floor. The street parking is also very bad in this development, I guess it's not helped by people not using their garage.

I used to live on that street.

Offline Mety

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2451 on: February 12, 2019, 10:38:55 AM »
Price is maybe a bit high for this house: https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
How is this wtf price for 362/sq ft? ::)

I think he was saying WTF in reference to how the Seller's are using their garage and not so much the price. I agree with marmott, it is a total WTF. You would think CC&R's have rules (they probably do) for not using garages for their intended purposes. Part of the reason why there's public parking issues in many communities, not just Irvine. I even see it in my community, others too, shouldn't be allowed.

As for the price, 103 Neptune appears to be the same plan and it sold for $730k on 3/18. 
It's possible they'll get $730k, maybe a little less?  Irvine had about 370 properties for sale when that property closed on 3/18.  Today, Irvine's at 702 active. And aren't these 4 story condos?  These homeowners must be in great shape! I could never live in 4 stories, no thanks!
Then his remark isn't related to the subject... "Newer Irvine listings with crazy WTF asking prices from equity sellers"  ::)  But then again people rarely stick to what the OP really ask in the subject line anyways in this forum  ::)

What if they don't have cars and only use Uber/Lyft? Their garage has the big screen, workout plan boards and also various bikes. Don't skip that sandbag as well. They must be really fitster (fit and hipster - I just made that up). They didn't see a problem living in a 4 story home since that's also quite a bit of workout itself. So they might not be violating the HOA CC&R or whatever the crap you wanna get legalistic about. Besides, if you park your cars in your garage, there shouldn't be a problem for your parking situation, right?  ;D

Alright, in all seriousness, I wouldn't spend above $700k for a home in that location, but hey, it's Irvine. Gotta love that premium, baby!


Offline Roger

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2452 on: February 12, 2019, 10:40:01 AM »
Price is maybe a bit high for this house: https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
How is this wtf price for 362/sq ft? ::)

I still think it's  little pricey for this kind of condo, you effectively live on the third and fourth floor with the garage on the first floor. The street parking is also very bad in this development, I guess it's not helped by people not using their garage.

I used to live on that street.

Did not know it is a 4 floor condo.  Then I can't disagree the price is a bit high for that kind of floor plan.  ;D

Offline Mety

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2453 on: February 12, 2019, 10:49:49 AM »
Price is maybe a bit high for this house: https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
How is this wtf price for 362/sq ft? ::)

I still think it's  little pricey for this kind of condo, you effectively live on the third and fourth floor with the garage on the first floor. The street parking is also very bad in this development, I guess it's not helped by people not using their garage.

I used to live on that street.

Did not know it is a 4 floor condo.  Then I can't disagree the price is a bit high for that kind of floor plan.  ;D

The living spaces are 2 stories, but you have to first climb up 2 stories of stairs after you park your cars or entering the front door. So technically a 2-story home, but a 4-story total. Man, do they even make a single story home anymore besides Travata?


 

Offline iacrenter

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2454 on: February 12, 2019, 12:45:06 PM »
Price is maybe a bit high for this house: https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
How is this wtf price for 362/sq ft? ::)

I still think it's  little pricey for this kind of condo, you effectively live on the third and fourth floor with the garage on the first floor. The street parking is also very bad in this development, I guess it's not helped by people not using their garage.

I used to live on that street.

Did not know it is a 4 floor condo.  Then I can't disagree the price is a bit high for that kind of floor plan.  ;D

The living spaces are 2 stories, but you have to first climb up 2 stories of stairs after you park your cars or entering the front door. So technically a 2-story home, but a 4-story total. Man, do they even make a single story home anymore besides Travata?

I agree too many stairs and levels to negotiate. PITA to bring heavy groceries home. This is a home for healthy young folks with good backs and no kids. The garage is also tandem which only adds to the misery.

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2455 on: February 14, 2019, 11:19:10 AM »
Love the lot size and view of this Hidden Canyon home but they won't get anywhere near $900/sf in this market...

https://www.redfin.com/CA/Irvine/126-Scenic-Crst-92603/home/148435057

The seller bought it for $3,595,000 at the end of Feb 2018 and wants to make a profit of $1m without even having landscaping done?  Uhhh yeah, not gonna happen!
Martin Mania, CPA
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CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!

Offline zubs

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2456 on: February 14, 2019, 11:32:45 AM »
Money Laundering...$1,000,000?...wash that cash right up.

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Offline bones

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2457 on: February 14, 2019, 11:36:20 AM »
Love the lot size and view of this Hidden Canyon home but they won't get anywhere near $900/sf in this market...

https://www.redfin.com/CA/Irvine/126-Scenic-Crst-92603/home/148435057

The seller bought it for $3,595,000 at the end of Feb 2018 and wants to make a profit of $1m without even having landscaping done?  Uhhh yeah, not gonna happen!

Agree. Nice lot and view.  That kitchen needs some open shelving... so much brown. I wonder if any home builders currently offer that option for the kitchen.

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Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2458 on: February 14, 2019, 11:41:44 AM »
Love the lot size and view of this Hidden Canyon home but they won't get anywhere near $900/sf in this market...

https://www.redfin.com/CA/Irvine/126-Scenic-Crst-92603/home/148435057

The seller bought it for $3,595,000 at the end of Feb 2018 and wants to make a profit of $1m without even having landscaping done?  Uhhh yeah, not gonna happen!

Agree. Nice lot and view.  That kitchen needs some open shelving... so much brown. I wonder if any home builders currently offer that option for the kitchen.

Personally, I think the best colored cabinets are white....they are timeless and will never go out of style.
Martin Mania, CPA
AgencyOne
CA BRE License # 01799007
CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!

Offline bones

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2459 on: February 14, 2019, 11:45:09 AM »
Love the lot size and view of this Hidden Canyon home but they won't get anywhere near $900/sf in this market...

https://www.redfin.com/CA/Irvine/126-Scenic-Crst-92603/home/148435057

The seller bought it for $3,595,000 at the end of Feb 2018 and wants to make a profit of $1m without even having landscaping done?  Uhhh yeah, not gonna happen!

Agree. Nice lot and view.  That kitchen needs some open shelving... so much brown. I wonder if any home builders currently offer that option for the kitchen.

Personally, I think the best colored cabinets are white....they are timeless and will never go out of style.

Someone told me toll doesn’t offer white cabinets. It’s an upgrade but not sure if that’s only for the sub $2m homes.

 

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