114 sabiosa pavilion park
- Thread starter renter1
- Start date
IrvineBruin
New member
The market is slowing at this price point. The land is amazing but even some houses under $400 a foot aren't selling. 111 bumblebee for example.
IrvineBruin
New member
renter1 said:
its listed as a condo but it has a big yard for Irvine, is detached, and has the same square footage. I don't think that it calls for a 20% markup, but that's my opinion. Either way the market is slowing down for higher priced homes. Most of them are having to drop their prices.
aquabliss
Well-known member
Back yard is a great size but it's a fishbowl, literally. You want to go outside and enjoy your yard, you have about 6 or 7 houses looking down on you from every direction.
Privacy factor is killing the sale IMO. If this had no rear neighbor's it would have sold. The interior design is also awful but most buyers should be able to see past that.
Privacy factor is killing the sale IMO. If this had no rear neighbor's it would have sold. The interior design is also awful but most buyers should be able to see past that.
irvinebullhousing
Well-known member
Big yard required big budget, excellent plan usage of space in design and good taste. It will sell but it will take some more time to find buyers that willing to put in some more dough for the backyard. A pool is certainly nice back there. Another 100k will have a nice sparkling pool and lots of green big trees for privacy to make this an awesome place.
But it is still a 4 bedroom house without a downstairs bedroom and full bath. At that price point for the sq footage of the house, it becomes a tougher sell. Lot is nice (even with a few houses looking down, at least you have the space) but house is clearly not fixed up and while yard is clean, to your point, a pool or something else would be a better overall benefit (but you add that in and you are really upping the price to pay for a house with that square footage and certain floorplan limitations).Compressed-Village said:
Why not just go buy one of those big lot Juniper's if you are planning on ultimately spending that much (bigger home and same big lot). Slightly more money but better overall benefit.
irvinebullhousing
Well-known member
With those budget in mind, prospective buyers will have ample neighborhoods to choose from. However, Beacon Park will have a higher property tax. And to have a yard done from scratch although might be ideal, it also a BIG ROYAL PAIN in the a@@ with Five Point HOA. A new house mean you have to do everything. That add up some serious bucks. Simple things at a glance maybe not that simple.
aquabliss
Well-known member
https://www.redfin.com/CA/Irvine/114-Sabiosa-92618/home/51682718
Sold for $115M, $48k per sq. ft. Must've found a diamond mine beneath the soil.
Guess the owners had the last laugh.
Sold for $115M, $48k per sq. ft. Must've found a diamond mine beneath the soil.
Guess the owners had the last laugh.
renter1 said:
Bought new for $991,500 on 10/17/14, added upgrades and landscaping (big back yard), then sold for $1,015,000 on 11/8/16. Hmm... sales price increased $24,500 however need to subtract their upgrades/landscaping plus selling fees (at least $50K). Somebody took an unpleasant bath.
For all you considering buying homes with "114" as their address - lesson learned. Builders have a hard time selling them (maybe even give a discount) however resales will be even more challenging at an even bigger discount.
