Author Topic: Newer Irvine listings with crazy WTF asking prices from equity sellers  (Read 1357052 times)

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Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2535 on: March 23, 2019, 07:46:50 PM »
For context - Purchased 8/2018 for $725k. It's financed so likely a 6-7% rate short term loan.

Is it my monitor, the Realtor's camera, or my eyes, but are those paving stone a shade of purple? YOW

How did this house sell for $725k? Seems awfully low for 4 bed detached home. Foreclosed house?



The home was listed back in 2017 for $865,888 and the listing expired on 8/31/17.  From the title records, the owners sold it directly to Tarek's LLC for $725,000 on 9/13/18.  Honestly, the previous owners could have easily gotten around $800k if they listed so they left a lot of equity on the table for Tarek. 
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Offline Compressed-Village

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2536 on: March 23, 2019, 08:29:12 PM »
I guess we will see it air on flip or flop HGTV sometimes soon

Offline irvineband

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2537 on: March 23, 2019, 08:37:25 PM »
Flip or Flop house in Irvine

https://www.redfin.com/CA/Irvine/3601-Nutmeg-St-92606/home/4675339

House is nicely done. Priced well. Although close to train tracks, but I think buyers will drools all over on the inside and forget about the negative proximity to the tracks.

Railroad tracks and then you have power lines staring you in the face when you walk out the door.  Looks like a nicely upgraded home, but the location is bad.  We'll see if location or nicely upgraded interior wins.


https://www.redfin.com/CA/Irvine/3601-Nutmeg-St-92606/home/4675339
[/quote]

House is nicely done. Priced well. Although close to train tracks, but I think buyers will drools all over on the inside and forget about the negative proximity to the tracks.
[/quote]

Railroad tracks and then you have power lines staring you in the face when you walk out the door.  Looks like a nicely upgraded home, but the location is bad.  We'll see if location or nicely upgraded interior wins.
[/quote]

—————————————————————————-
The West side of the tracks I don’t think are as bad as there is more of a buffer. I would rather live in the Ranch then Walnut C. See this listed that is pending now.

https://www.redfin.com/CA/Irvine/15082-Talley-St-92604/home/4682372?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Also this one on the lines/rr tracks sold last year.

https://www.redfin.com/CA/Irvine/15052-Glass-Cir-92604/home/4682214?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Offline Leaf

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2538 on: March 25, 2019, 09:10:53 PM »
This house was sold for $2,353,163 on 03/22/2019!  $1161 / Sq. Ft. must be the historical record in Woodbridge.

https://www.redfin.com/CA/Irvine/2-Pintail-92604/home/4687684

I thought $2.5M would belong here.  But maybe not?

https://goo.gl/maps/bZ1KJBTUdzy
hmmmm....  FCB fresh off the bus, walking in the middle of the road instead of the sidewalk, no less?

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2539 on: March 25, 2019, 11:47:28 PM »
This house was sold for $2,353,163 on 03/22/2019!  $1161 / Sq. Ft. must be the historical record in Woodbridge.

https://www.redfin.com/CA/Irvine/2-Pintail-92604/home/4687684

I thought $2.5M would belong here.  But maybe not?

https://goo.gl/maps/bZ1KJBTUdzy
hmmmm....  FCB fresh off the bus, walking in the middle of the road instead of the sidewalk, no less?

If I'm paying over $1,000/sf I want to have a view of the ocean, not a man-made lake but hey that's just me.  haha
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Offline irvinehomeowner

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2540 on: March 26, 2019, 06:48:56 AM »
As I've said... Woodbridge prices are amazing. :)
Once you go 3-car garage... your junk can never go back.
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Offline bones

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2541 on: March 26, 2019, 07:13:17 AM »
This house was sold for $2,353,163 on 03/22/2019!  $1161 / Sq. Ft. must be the historical record in Woodbridge.

https://www.redfin.com/CA/Irvine/2-Pintail-92604/home/4687684

I thought $2.5M would belong here.  But maybe not?

https://goo.gl/maps/bZ1KJBTUdzy
hmmmm....  FCB fresh off the bus, walking in the middle of the road instead of the sidewalk, no less?

If I'm paying over $1,000/sf I want to have a view of the ocean, not a man-made lake but hey that's just me.  haha

I pass this house on my running loop and yea... def not $2.4m special. I know the buyer’s agent - she mostly does coastal OC $$$.
« Last Edit: March 26, 2019, 07:23:40 AM by bones »

Offline Cares

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2542 on: March 26, 2019, 10:21:27 AM »
That's 2000 sqft as a single story. That's a pretty large house footprint compared to others.

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2543 on: March 26, 2019, 10:29:45 AM »
That's 2000 sqft as a single story. That's a pretty large house footprint compared to others.

Renovated single story homes in Woodbridge trade at around $600/sf and then add another $250/sf ($500k) for the corner lot lake view (on the high side).  That puts you around $850/sf or closer to $1.8m.  No offense to the agents and buyer, but the buyer grossly overpaid for this home. 
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Offline HMart

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2544 on: April 01, 2019, 10:50:01 PM »
For context - Purchased 8/2018 for $725k. It's financed so likely a 6-7% rate short term loan.

Is it my monitor, the Realtor's camera, or my eyes, but are those paving stone a shade of purple? YOW

How did this house sell for $725k? Seems awfully low for 4 bed detached home. Foreclosed house?



The home was listed back in 2017 for $865,888 and the listing expired on 8/31/17.  From the title records, the owners sold it directly to Tarek's LLC for $725,000 on 9/13/18.  Honestly, the previous owners could have easily gotten around $800k if they listed so they left a lot of equity on the table for Tarek.

Seems to me like the real money was made when buying the house at that price, not on the reno.

Offline aquabliss

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2545 on: April 08, 2019, 08:35:32 PM »
Since we don't have a WTF Ugly thread, I'll post this here:
https://www.redfin.com/CA/Irvine/122-Kestrel-92618/home/160702750

Should probably win the award for ugliest "front of the house" design in all Irvine if not all of OC. 

Offline daedalus

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2546 on: April 08, 2019, 09:15:51 PM »
Cool.  Garage on the ass side of the house too.

Offline freedomcm

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2547 on: April 09, 2019, 06:16:09 AM »
That little flower bed below the overhang of the adjacent house!

Who takes care of that?  What if you overwater and damage the stucco of your neighbor?  Arghhh...only in 6-pack land!


Offline irvineprospect

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2548 on: April 09, 2019, 09:10:56 AM »
This house was sold for $2,353,163 on 03/22/2019!  $1161 / Sq. Ft. must be the historical record in Woodbridge.

https://www.redfin.com/CA/Irvine/2-Pintail-92604/home/4687684

I thought $2.5M would belong here.  But maybe not?

https://goo.gl/maps/bZ1KJBTUdzy
hmmmm....  FCB fresh off the bus, walking in the middle of the road instead of the sidewalk, no less?

If I'm paying over $1,000/sf I want to have a view of the ocean, not a man-made lake but hey that's just me.  haha

I pass this house on my running loop and yea... def not $2.4m special. I know the buyer’s agent - she mostly does coastal OC $$$.

it seems to me (albeit to my limited knowledge) that the high price is offset by the uniquely low HOA for the area.

Offline paydawg

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2549 on: April 09, 2019, 10:56:55 AM »
Since we don't have a WTF Ugly thread, I'll post this here:
https://www.redfin.com/CA/Irvine/122-Kestrel-92618/home/160702750

Should probably win the award for ugliest "front of the house" design in all Irvine if not all of OC.

I think my 3-yr old drew a picture of a house that looks like this!
Thanks in advance for the 'thanks'!!

 

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