Author Topic: Newer Irvine listings with crazy WTF asking prices from equity sellers  (Read 1472751 times)

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Offline Goriot

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2625 on: January 14, 2020, 10:07:58 AM »
WTF on the lower side.

If the buyer is really interested at $2mm at $320/sft, I will make a bid for it=)  Probably trying to get buyers in the door for a bidding war.

https://www.redfin.com/CA/Irvine/106-Andirons-92602/home/112721856


Offline Irvine Dream

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2626 on: January 14, 2020, 11:15:58 AM »
WTF on the lower side.

If the buyer is really interested at $2mm at $320/sft, I will make a bid for it=)  Probably trying to get buyers in the door for a bidding war.

https://www.redfin.com/CA/Irvine/106-Andirons-92602/home/112721856

or they are fleeing.  Another one in the neighborhood that is listed $300K below the tax value

https://www.redfin.com/CA/Irvine/30-Shadybend-92602/home/58553618

Offline marmott

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2627 on: January 14, 2020, 04:33:57 PM »
Talking about low price, is this OH3 model home with view lot priced kind of low? $549/sqft for a model with great view seems pretty good.

https://www.redfin.com/CA/Irvine/127-Sky-Hts-92602/unit-13/home/169893003

Offline Goriot

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2628 on: January 14, 2020, 04:43:55 PM »
WTF on the lower side.

If the buyer is really interested at $2mm at $320/sft, I will make a bid for it=)  Probably trying to get buyers in the door for a bidding war.

https://www.redfin.com/CA/Irvine/106-Andirons-92602/home/112721856

or they are fleeing.  Another one in the neighborhood that is listed $300K below the tax value

https://www.redfin.com/CA/Irvine/30-Shadybend-92602/home/58553618

That particular buyer is relocating within Grove.  I think they just over customized and too close to toll.  Most of Vicenza currently sells for <$2mm on all the comps.  That looks like the fair market value.
« Last Edit: January 14, 2020, 04:51:25 PM by Goriot »

Offline Goriot

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2629 on: January 14, 2020, 04:49:10 PM »
Talking about low price, is this OH3 model home with view lot priced kind of low? $549/sqft for a model with great view seems pretty good.

https://www.redfin.com/CA/Irvine/127-Sky-Hts-92602/unit-13/home/169893003

Is that the view lot?  How good of a view (full or partial?)  $549 is the base price.  At all in with customization/upgrades and backyard landscaping, it will be closer to $600/sqft or close to $2mm for 3,200 sqft home with <4,700 sqft lot.   I won't really call that a bargain.

Offline marmott

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2630 on: January 14, 2020, 05:04:48 PM »
That will teach me to read through the description... Not the model, got it.

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2631 on: July 05, 2020, 05:07:24 PM »
It's been a while since anyone has posted into this thread but since I was busy posting 2 new listings on MLS, I came across this HIGHLY optimistic listing...

https://www.redfin.com/CA/Irvine/160-Augustine-92618/home/172378478

I called 2 Trellis Court Plan 3s at $1,000,000 and $1,001,000 in the past few months so I'm wondering how they think they'll get $1,150,000 for a Plan 4. Oh and it doesn't help that Talise Plan 4s (same floor plans) are selling for right around $1,000,000 as well. I wonder how long before we see a price drop.
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Offline aquabliss

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2632 on: July 06, 2020, 06:20:56 AM »
Wow I can’t believe the WTF thread hasn’t been bumped since January.  It’s like we’re in a COVID time warp.

Offline John

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2633 on: July 06, 2020, 06:53:38 AM »
It's been a while since anyone has posted into this thread but since I was busy posting 2 new listings on MLS, I came across this HIGHLY optimistic listing...

https://www.redfin.com/CA/Irvine/160-Augustine-92618/home/172378478

I called 2 Trellis Court Plan 3s at $1,000,000 and $1,001,000 in the past few months so I'm wondering how they think they'll get $1,150,000 for a Plan 4. Oh and it doesn't help that Talise Plan 4s (same floor plans) are selling for right around $1,000,000 as well. I wonder how long before we see a price drop.

Lol, that one's been listed for rent ever since it was originally sold. I believe the owner wanted $7000/month and got no bites so they went UP to $7500/month. Still, obviously, no bites.

Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2634 on: July 06, 2020, 08:48:17 PM »
Wow I can’t believe the WTF thread hasn’t been bumped since January.  It’s like we’re in a COVID time warp.

Yeah, we haven't been giving this thread much love since the early part of the year. I just saw that Trellis Court hit the market and thought to myself...this belongs in the WTF listing price thread.  What's interesting too is there there's a Trellis Court that has been listing off and on (378 Floral View) since the March with a list price of $1,036,000 and now it's back with a listing price of $1,049,000.  Guess they think since the market has picked up they can ask more for it...one problem though, if it didn't sell for $1,036,000 what makes the seller/listing agent think it'll sell for a higher price now?  I know my model match closed comps at $1,000,000 at $1,001,000 aren't helping much though.  haha
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Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2635 on: July 06, 2020, 08:55:06 PM »
It's been a while since anyone has posted into this thread but since I was busy posting 2 new listings on MLS, I came across this HIGHLY optimistic listing...

https://www.redfin.com/CA/Irvine/160-Augustine-92618/home/172378478

I called 2 Trellis Court Plan 3s at $1,000,000 and $1,001,000 in the past few months so I'm wondering how they think they'll get $1,150,000 for a Plan 4. Oh and it doesn't help that Talise Plan 4s (same floor plans) are selling for right around $1,000,000 as well. I wonder how long before we see a price drop.

Lol, that one's been listed for rent ever since it was originally sold. I believe the owner wanted $7000/month and got no bites so they went UP to $7500/month. Still, obviously, no bites.

From the most recent rental history, it's been listed for rent since early July for $7,500 a month furnished. No sense of urgency with this seller/listing agent so we'll be seeing linger on MLS for another year. haha
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Offline USCTrojanCPA

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2636 on: July 07, 2020, 10:34:22 PM »
I don't care if the seller sent $1m on upgrades, no way they'll get anything close to the reduced list price on this one...

https://www.redfin.com/CA/Irvine/116-Mustard-92618/home/103690806
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Offline Dr. CA Real Estate

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2637 on: July 08, 2020, 12:12:23 AM »
Oh geese who advised the buyer on this one. If they were going to put that much into a home they should not have bought in beacon park.
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Offline Kings

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2638 on: July 08, 2020, 07:54:53 AM »
I don't care if the seller sent $1m on upgrades, no way they'll get anything close to the reduced list price on this one...

https://www.redfin.com/CA/Irvine/116-Mustard-92618/home/103690806

if that's $1m in upgrades, they got taken for a ride

Offline Soylent Green Is People

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2639 on: July 08, 2020, 08:50:39 AM »
I'm sure the back yard was a big chunk of that "estimated" $1m upgrade nonsense.

The "designer wallpaper" really makes it look cheaper, not better. They could have wallpapered everything with $1.00 bills and get a better ROI.

My .02c (estimated)
« Last Edit: July 08, 2020, 11:31:05 AM by Soylent Green Is People »

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