Author Topic: Newer Irvine listings with crazy WTF asking prices from equity sellers  (Read 1710397 times)

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Offline sleepy5136

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2970 on: July 08, 2021, 02:51:16 PM »
https://www.corcoran.com/southern-california-real-estate/for-sale/irvine/129-bosque-irvine-ca-92618/58534299


a 3k sq ft 3 story house has an elevator in it? HM did the builders charge for this spec... doesn't seem practical but that's pretty cool.

Sounds like more maintenance to me rather then cool lol.

Offline The California Court Company

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2971 on: July 09, 2021, 08:34:30 AM »
3 story detached condo at 1.5M? this is suburban Orange County, not Bay Area, LA, SF or NYC...absurd.
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Offline Maserson

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2972 on: July 09, 2021, 09:09:53 AM »
The Obsidians facing the Bosque usually try for a view lot premium price.  111 Bosque tried the same, listed at 1.43 and sold for 1.24 in 2019.  https://www.zillow.com/homedetails/111-Bosque-Irvine-CA-92618/2085350272_zpid/

Floorplan appeals to young adults w/o kids. The elevator is tiny.

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Offline Cares

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2973 on: July 09, 2021, 12:05:10 PM »
The Obsidians facing the Bosque usually try for a view lot premium price.  111 Bosque tried the same, listed at 1.43 and sold for 1.24 in 2019.  https://www.zillow.com/homedetails/111-Bosque-Irvine-CA-92618/2085350272_zpid/

Floorplan appeals to young adults w/o kids. The elevator is tiny.

That's because the builders charged between $100-200k view lot premium for those units.

Offline Maserson

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2974 on: July 09, 2021, 10:55:36 PM »
Have Obsidians been ROI winners?  Don’t know what the builders sold the view lots for.

Offline Goriot

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2975 on: July 15, 2021, 01:23:34 PM »
Oh wow.  $6.4 million Alta Vista non-model under contract.   I think first sale to be $6+ million in Grove area.
Getting close to some of Shady Canyon prices.  I think buyers forgot about the wild fires already.

https://www.redfin.com/CA/Irvine/111-Dry-Crk-92602/home/143911423

Offline Soylent Green Is People

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2976 on: July 15, 2021, 04:38:38 PM »
Closing price (2019) was $4,050,000. No photos of the back yard to see if landscaping has been done. Nearest closed comparable (164 Leafy) went for $4,800,000. This $6m list will not appraise - but I doubt it matters.

My .02c
« Last Edit: July 15, 2021, 04:45:18 PM by Soylent Green Is People »
My .02c

SGIP

Offline akula1488

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2977 on: July 15, 2021, 04:56:10 PM »
Closing price (2019) was $4,050,000. No photos of the back yard to see if landscaping has been done. Nearest closed comparable (164 Leafy) went for $4,800,000. This $6m list will not appraise - but I doubt it matters.

My .02c

Just need to look at the listing agent name and that's all you need to know.

Offline Soylent Green Is People

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2978 on: July 15, 2021, 05:05:47 PM »
Plenty of real buyers committed to making a go of it in these high priced communities. You can tell when landscaping is customized or the home is lived in that it's a real buy, and a real sell. On the other side of the scale, there's an ocean of nice untraceable, lightly taxed cash flowing through many new construction communities right now and to be clear, this just doesn't happen only in Irvine.

Buy in one year, sell in two = MAX ROI!!!!
« Last Edit: July 15, 2021, 06:44:16 PM by Soylent Green Is People »
My .02c

SGIP

Offline Cares

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2979 on: July 15, 2021, 06:25:47 PM »
Closing price (2019) was $4,050,000. No photos of the back yard to see if landscaping has been done. Nearest closed comparable (164 Leafy) went for $4,800,000. This $6m list will not appraise - but I doubt it matters.

My .02c

Just need to look at the listing agent name and that's all you need to know.

I'm not sure what your comment means.

Offline akula1488

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2980 on: July 15, 2021, 06:34:56 PM »
Certain demographics do this kind of thing.

Closing price (2019) was $4,050,000. No photos of the back yard to see if landscaping has been done. Nearest closed comparable (164 Leafy) went for $4,800,000. This $6m list will not appraise - but I doubt it matters.

My .02c

Just need to look at the listing agent name and that's all you need to know.

I'm not sure what your comment means.

Offline Soylent Green Is People

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2981 on: July 15, 2021, 06:53:59 PM »
My last run in with real estate fraud were some West African healthcare providers trying to buy using an occupancy fraud scheme.

The only color grift comes in is green

If all Realtors were required to file Star's (Suspicious Activity Reports) as Bankers do when encountering large cash down payments, most markets would collapse in a month. The Canadian Government tried this practice a few years back (an interesting read here:  https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3247127 ) and are considering additional methods to slow non-citizen speculation in real estate markets (https://globalnews.ca/news/7495490/canada-foreign-buyers-tax-affordable-housing/) Imagine this coming to the US as a way to create "affordable" housing...

My .02c
« Last Edit: July 16, 2021, 09:56:51 AM by Soylent Green Is People »
My .02c

SGIP

Offline Cares

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2982 on: July 15, 2021, 11:42:20 PM »
Certain demographics do this kind of thing.

Closing price (2019) was $4,050,000. No photos of the back yard to see if landscaping has been done. Nearest closed comparable (164 Leafy) went for $4,800,000. This $6m list will not appraise - but I doubt it matters.

My .02c

Just need to look at the listing agent name and that's all you need to know.

I'm not sure what your comment means.

Still not sure "kind of thing" means. List high? Not show pictures?

With how fast the home went from listing to pending my guess is that this was a pocket listing where the agent is double siding. Homes at this price range and especially overpriced do not move this fast.

Offline Goriot

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2983 on: July 18, 2021, 11:33:26 AM »
https://www.zillow.com/homedetails/65-Rockinghorse-Irvine-CA-92602/328355042_zpid/

$125K price increase, looks like they're going to build the pool based on the changes in the summary.

If this sells at $2.125M, I will be astonished...

Looks like this house is pending and under contract.  Man.  It's amazing how they can fit a pool on a 3,783 Lot home with a 3,000 square feet interior.

Is that going to be a real pool or huge bathtub/mini pool?=).  Hard to believe it's selling at these prices.

Offline irviniteeee

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Re: Newer Irvine listings with crazy WTF asking prices from equity sellers
« Reply #2984 on: July 18, 2021, 03:55:07 PM »
https://www.zillow.com/homedetails/65-Rockinghorse-Irvine-CA-92602/328355042_zpid/

$125K price increase, looks like they're going to build the pool based on the changes in the summary.

If this sells at $2.125M, I will be astonished...

Looks like this house is pending and under contract.  Man.  It's amazing how they can fit a pool on a 3,783 Lot home with a 3,000 square feet interior.

Is that going to be a real pool or huge bathtub/mini pool?=).  Hard to believe it's selling at these prices.

Maybe it'll be just big enough to be a giant foot soak!

 

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