Author Topic: Newer Irvine listings with crazy WTF asking prices from equity sellers  (Read 1409428 times)

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Offline aquabliss

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2595 on: July 08, 2019, 03:30:26 PM »
Why are there shelves in the front exterior entryway?

For shoes, man... you need to take FCB's 101

Offline kbinteriordesign

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2596 on: July 08, 2019, 03:36:41 PM »
Why are there shelves in the front exterior entryway?

For shoes, man... you need to take FCB's 101

Hahaha that is true.
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Offline irvinehomeowner

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2597 on: July 08, 2019, 09:42:00 PM »
Here is another "amazing" Woodbridge price:

https://www.redfin.com/CA/Irvine/1-Bayside-92614/home/4692563

Can't believe this older 4br/2.5ba home with only flooring upgrades sold for $1.25m. When it listed for $1.299 I thought that was delusional, yet it sold in just over a month.

Irvine is crazy... this is supposed to be a SLOWDOWN!

This home was staged nicely and has a clean and open floorplan to work with. The kitchen is outdated, but there is room to expand such as adding an island or possibly creating a banquet. If they keep the same footprint and the cabinets are paint grade, they could easily update it with new paint, hardware and countertops. In the living room, I would resurface the fireplace with tile or stone and replace the slider with an accordion glass door, then extend the look of the interior flooring to the outside to connect the two areas and create the effect of more living space outdoors. The light fixtures could be replaced with something more modern/contemporary. Since the electrical is already existing, there is no need for permits, just new fixtures and installation. Replacing the fixtures alone would have an immediate effect. The same cosmetic treatments could be applied to the bathrooms on the second floor. There's quite bit of potential here. You could do all that and it would probably still cost less than buying a brand new build with fewer upgrades, a smaller lot, higher HOA and Mello Roos. For someone who doesn't mind having this work done, it's a good option.

Sure.

But for $1.25m those kitchen and bathroom upgrades should have already been done.
Once you go 3-car garage... your junk can never go back.
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Offline kbinteriordesign

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2598 on: July 09, 2019, 08:34:15 AM »
Here is another "amazing" Woodbridge price:

https://www.redfin.com/CA/Irvine/1-Bayside-92614/home/4692563

Can't believe this older 4br/2.5ba home with only flooring upgrades sold for $1.25m. When it listed for $1.299 I thought that was delusional, yet it sold in just over a month.

Irvine is crazy... this is supposed to be a SLOWDOWN!

This home was staged nicely and has a clean and open floorplan to work with. The kitchen is outdated, but there is room to expand such as adding an island or possibly creating a banquet. If they keep the same footprint and the cabinets are paint grade, they could easily update it with new paint, hardware and countertops. In the living room, I would resurface the fireplace with tile or stone and replace the slider with an accordion glass door, then extend the look of the interior flooring to the outside to connect the two areas and create the effect of more living space outdoors. The light fixtures could be replaced with something more modern/contemporary. Since the electrical is already existing, there is no need for permits, just new fixtures and installation. Replacing the fixtures alone would have an immediate effect. The same cosmetic treatments could be applied to the bathrooms on the second floor. There's quite bit of potential here. You could do all that and it would probably still cost less than buying a brand new build with fewer upgrades, a smaller lot, higher HOA and Mello Roos. For someone who doesn't mind having this work done, it's a good option.

Sure.

But for $1.25m those kitchen and bathroom upgrades should have already been done.

I hear ya. So what would have made this property worth $1.25 million dollars to you? In addition to the improvements listed above and some newer upgrades already included, plus approximately 2,500sf, 4 bedrooms, 2.5 bath, a 5,000sf corner lot, full driveway, no Mello Roos, and $97/monthly HOA with a breakdown of $509 per sf, what else would you have liked to see? I'm genuinely curious to know what buyers are looking for in this market.
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Offline irvinehomeowner

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2599 on: July 09, 2019, 12:00:44 PM »
3 car wide garage. :)
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
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Offline kbinteriordesign

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2600 on: July 09, 2019, 02:01:15 PM »
3 car wide garage. :)

Yes! Isn't that a unicorn in Irvine? I really love a house with a wide exterior facade versus a tall and narrow facade.
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Offline irvineband

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2601 on: July 09, 2019, 07:23:52 PM »
It a nice house but I think you can add another 100k to the price of it didn’t back to a main road. Add more if it backed to a park or whatever.

Offline best_potsticker_in_town

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2602 on: July 17, 2019, 11:15:10 PM »
Is Irvine Pacific going delirious?

https://www.redfin.com/CA/Irvine/119-Donati-92602/unit-63/home/160627000

This home is a, "quick move-in" and has been around for a while. Fully upgraded through flooring. After 4 months on the market, not sure if raising the price by $68k is going to generate more buyer interest.

Offline lnc

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2603 on: July 18, 2019, 12:06:25 PM »
Is Irvine Pacific going delirious?

https://www.redfin.com/CA/Irvine/119-Donati-92602/unit-63/home/160627000

This home is a, "quick move-in" and has been around for a while. Fully upgraded through flooring. After 4 months on the market, not sure if raising the price by $68k is going to generate more buyer interest.

They just lower the price back down to $125,0947.

Not sure what happen here but maybe the initial price increase was to reflect the cost of upgrades from the base price but now they decided to gives big discount in order to sale the home.

If this is indeed correct, $68k worth of free upgrades is not bad of a deal and buyer can probably negotiate a little bit more.


 

Offline HMart

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2604 on: July 29, 2019, 03:26:22 PM »
Here is another "amazing" Woodbridge price:

https://www.redfin.com/CA/Irvine/1-Bayside-92614/home/4692563

Can't believe this older 4br/2.5ba home with only flooring upgrades sold for $1.25m. When it listed for $1.299 I thought that was delusional, yet it sold in just over a month.

Irvine is crazy... this is supposed to be a SLOWDOWN!

This home was staged nicely and has a clean and open floorplan to work with. The kitchen is outdated, but there is room to expand such as adding an island or possibly creating a banquet. If they keep the same footprint and the cabinets are paint grade, they could easily update it with new paint, hardware and countertops. In the living room, I would resurface the fireplace with tile or stone and replace the slider with an accordion glass door, then extend the look of the interior flooring to the outside to connect the two areas and create the effect of more living space outdoors. The light fixtures could be replaced with something more modern/contemporary. Since the electrical is already existing, there is no need for permits, just new fixtures and installation. Replacing the fixtures alone would have an immediate effect. The same cosmetic treatments could be applied to the bathrooms on the second floor. There's quite bit of potential here. You could do all that and it would probably still cost less than buying a brand new build with fewer upgrades, a smaller lot, higher HOA and Mello Roos. For someone who doesn't mind having this work done, it's a good option.

Sure.

But for $1.25m those kitchen and bathroom upgrades should have already been done.

Personally, I think the location is near-perfect. Super convenient walking distance to the Woodbridge shopping center, schools, and easy access to the paths and lake. Obviously  your opinion may differ.

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2605 on: August 07, 2019, 06:54:51 PM »
Buyer who bought this home 4 months ago in April now wants over $120,000 more than what they paid for?  Really?

https://www.redfin.com/CA/Irvine/122-Stizza-92618/home/51682572

I hope this wasn't an attempt at a flip.
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Offline irvinehomeowner

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2606 on: August 13, 2019, 07:15:15 AM »
Here is another "amazing" Woodbridge price:

https://www.redfin.com/CA/Irvine/1-Bayside-92614/home/4692563

Can't believe this older 4br/2.5ba home with only flooring upgrades sold for $1.25m. When it listed for $1.299 I thought that was delusional, yet it sold in just over a month.

Irvine is crazy... this is supposed to be a SLOWDOWN!

This home was staged nicely and has a clean and open floorplan to work with. The kitchen is outdated, but there is room to expand such as adding an island or possibly creating a banquet. If they keep the same footprint and the cabinets are paint grade, they could easily update it with new paint, hardware and countertops. In the living room, I would resurface the fireplace with tile or stone and replace the slider with an accordion glass door, then extend the look of the interior flooring to the outside to connect the two areas and create the effect of more living space outdoors. The light fixtures could be replaced with something more modern/contemporary. Since the electrical is already existing, there is no need for permits, just new fixtures and installation. Replacing the fixtures alone would have an immediate effect. The same cosmetic treatments could be applied to the bathrooms on the second floor. There's quite bit of potential here. You could do all that and it would probably still cost less than buying a brand new build with fewer upgrades, a smaller lot, higher HOA and Mello Roos. For someone who doesn't mind having this work done, it's a good option.

Sure.

But for $1.25m those kitchen and bathroom upgrades should have already been done.

I hear ya. So what would have made this property worth $1.25 million dollars to you? In addition to the improvements listed above and some newer upgrades already included, plus approximately 2,500sf, 4 bedrooms, 2.5 bath, a 5,000sf corner lot, full driveway, no Mello Roos, and $97/monthly HOA with a breakdown of $509 per sf, what else would you have liked to see? I'm genuinely curious to know what buyers are looking for in this market.

Some people I know had more information about this:

1. It was an all-cash offer only 15 days after listing.
2. The owners look like *East* Asian.

Seems like the FCB buying is still strong in Irvine. I still can't believe it went for $1.25m when there are 3CWGs close by in that range. For that money I probably would have got one of these instead:

$1.225m 5/3
https://www.redfin.com/CA/Irvine/3-Santa-Rida-92606/home/4626459

$1.255m 5/3
https://www.redfin.com/CA/Irvine/8-Arbusto-92606/home/4629591

$1.25m 5/3 2950sft!!
https://www.redfin.com/CA/Irvine/3-Salvo-92606/home/4629610

$1.245m 4/3
https://www.redfin.com/CA/Irvine/17-Festivo-92606/home/4628561

All of those are 3CWGs and most of them are 5brs instead of 4br.

The only 3CWG in Woodbridge that sold around that time was this:

$1.305m 5/3
https://www.redfin.com/CA/Irvine/8-Willowbrook-92604/home/4687462

It's ugly but it's bigger, has 5 brs with a downstairs br, a more quiet location, and backs the park.

But I guess Redfin is telling me that 2CWGs in Woodbridge do trade for about $1.2m+... that's "amazing"!!
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
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Offline Mety

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2607 on: August 13, 2019, 03:19:09 PM »
Here is another "amazing" Woodbridge price:

https://www.redfin.com/CA/Irvine/1-Bayside-92614/home/4692563

Can't believe this older 4br/2.5ba home with only flooring upgrades sold for $1.25m. When it listed for $1.299 I thought that was delusional, yet it sold in just over a month.

Irvine is crazy... this is supposed to be a SLOWDOWN!

This home was staged nicely and has a clean and open floorplan to work with. The kitchen is outdated, but there is room to expand such as adding an island or possibly creating a banquet. If they keep the same footprint and the cabinets are paint grade, they could easily update it with new paint, hardware and countertops. In the living room, I would resurface the fireplace with tile or stone and replace the slider with an accordion glass door, then extend the look of the interior flooring to the outside to connect the two areas and create the effect of more living space outdoors. The light fixtures could be replaced with something more modern/contemporary. Since the electrical is already existing, there is no need for permits, just new fixtures and installation. Replacing the fixtures alone would have an immediate effect. The same cosmetic treatments could be applied to the bathrooms on the second floor. There's quite bit of potential here. You could do all that and it would probably still cost less than buying a brand new build with fewer upgrades, a smaller lot, higher HOA and Mello Roos. For someone who doesn't mind having this work done, it's a good option.

Sure.

But for $1.25m those kitchen and bathroom upgrades should have already been done.

I hear ya. So what would have made this property worth $1.25 million dollars to you? In addition to the improvements listed above and some newer upgrades already included, plus approximately 2,500sf, 4 bedrooms, 2.5 bath, a 5,000sf corner lot, full driveway, no Mello Roos, and $97/monthly HOA with a breakdown of $509 per sf, what else would you have liked to see? I'm genuinely curious to know what buyers are looking for in this market.

Some people I know had more information about this:

1. It was an all-cash offer only 15 days after listing.
2. The owners look like *East* Asian.

Seems like the FCB buying is still strong in Irvine. I still can't believe it went for $1.25m when there are 3CWGs close by in that range. For that money I probably would have got one of these instead:

$1.225m 5/3
https://www.redfin.com/CA/Irvine/3-Santa-Rida-92606/home/4626459

$1.255m 5/3
https://www.redfin.com/CA/Irvine/8-Arbusto-92606/home/4629591

$1.25m 5/3 2950sft!!
https://www.redfin.com/CA/Irvine/3-Salvo-92606/home/4629610

$1.245m 4/3
https://www.redfin.com/CA/Irvine/17-Festivo-92606/home/4628561

All of those are 3CWGs and most of them are 5brs instead of 4br.

The only 3CWG in Woodbridge that sold around that time was this:

$1.305m 5/3
https://www.redfin.com/CA/Irvine/8-Willowbrook-92604/home/4687462

It's ugly but it's bigger, has 5 brs with a downstairs br, a more quiet location, and backs the park.

But I guess Redfin is telling me that 2CWGs in Woodbridge do trade for about $1.2m+... that's "amazing"!!

Man, you reaaally love 3CWG. I'm so not used to seeing those in Irvine to be honest, but if you're used to it then I guess you'll have to have one.

Offline curious george

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2608 on: August 13, 2019, 07:02:17 PM »
these 3 car garage, are zero line lots.

Offline irvinehomeowner

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2609 on: August 13, 2019, 08:32:51 PM »
these 3 car garage, are zero line lots.

If you are referring to the ones in Westpark II, they are not.

The Woodbridge North Lake one might be.
Once you go 3-car garage... your junk can never go back.
3CWG: 3-Car Wide Garage
FCB: Foreign Cash Buyer
I recommend:
www.irvinerealtorsite.com
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