Reason for these listings not getting sold?

houmajsa said:
I saw two listings from Woodbury on market for a while, what is the reason for not getting sold?

Also, are those real driveways where you can park you car? If not, then detached condo would be more accurate, right?
https://www.redfin.com/CA/Irvine/21-Fanpalm-92620/home/28931850https://www.redfin.com/CA/Irvine/28-Gables-92620/home/28931308

Excuse me if this is noob question, I moved here last month and is trying to get up to speed.
Click to expand...

Very simple, priced too high given either location and/or condition (upgrades or lack there of).  These are detached condo because they are located on motorcourts.  Having a driveway does not equate the home being an SFR vs a detached condo.
 
Thank you for prompt reply and clarification!

I see. So cars can be parked on these driveways, but they are still detached condo.
 
USCTrojanCPA said:
houmajsa said:
I saw two listings from Woodbury on market for a while, what is the reason for not getting sold?

Also, are those real driveways where you can park you car? If not, then detached condo would be more accurate, right?
https://www.redfin.com/CA/Irvine/21-Fanpalm-92620/home/28931850https://www.redfin.com/CA/Irvine/28-Gables-92620/home/28931308

Excuse me if this is noob question, I moved here last month and is trying to get up to speed.
Click to expand...

Very simple, priced too high given either location and/or condition (upgrades or lack there of).  These are detached condo because they are located on motorcourts.  Having a driveway does not equate the home being an SFR vs a detached condo.
Click to expand...

Second home looks like a "quasi" SFR, right? Like Highland?
 
11 years ago...good old times before Panda moved to Georgia. https://www.talkirvine.com/index.php/topic,476.0.html


CalBears96 said:
USCTrojanCPA said:
houmajsa said:
I saw two listings from Woodbury on market for a while, what is the reason for not getting sold?

Also, are those real driveways where you can park you car? If not, then detached condo would be more accurate, right?
https://www.redfin.com/CA/Irvine/21-Fanpalm-92620/home/28931850https://www.redfin.com/CA/Irvine/28-Gables-92620/home/28931308

Excuse me if this is noob question, I moved here last month and is trying to get up to speed.
Click to expand...

Very simple, priced too high given either location and/or condition (upgrades or lack there of).  These are detached condo because they are located on motorcourts.  Having a driveway does not equate the home being an SFR vs a detached condo.
Click to expand...

Second home looks like a "quasi" SFR, right? Like Highland?
Click to expand...
 
CalBears96 said:
USCTrojanCPA said:
houmajsa said:
I saw two listings from Woodbury on market for a while, what is the reason for not getting sold?

Also, are those real driveways where you can park you car? If not, then detached condo would be more accurate, right?
https://www.redfin.com/CA/Irvine/21-Fanpalm-92620/home/28931850https://www.redfin.com/CA/Irvine/28-Gables-92620/home/28931308

Excuse me if this is noob question, I moved here last month and is trying to get up to speed.
Click to expand...

Very simple, priced too high given either location and/or condition (upgrades or lack there of).  These are detached condo because they are located on motorcourts.  Having a driveway does not equate the home being an SFR vs a detached condo.
Click to expand...

Second home looks like a "quasi" SFR, right? Like Highland?
Click to expand...

Those are motorcourt detached condos where as Highland homes are non-motorcourt detached condos (aka quasi SFRs). 
 
houmajsa said:
Thank you for prompt reply and clarification!

I see. So cars can be parked on these driveways, but they are still detached condo.
Click to expand...

Yes cars can be parked on the driveway over night.  There's several detached condos in Irvine that have driveways where owners can park their cars.
 
USCTrojanCPA said:
houmajsa said:
I saw two listings from Woodbury on market for a while, what is the reason for not getting sold?

Also, are those real driveways where you can park you car? If not, then detached condo would be more accurate, right?
https://www.redfin.com/CA/Irvine/21-Fanpalm-92620/home/28931850https://www.redfin.com/CA/Irvine/28-Gables-92620/home/28931308

Excuse me if this is noob question, I moved here last month and is trying to get up to speed.
Click to expand...

Very simple, priced too high given either location and/or condition (upgrades or lack there of).  These are detached condo because they are located on motorcourts.  Having a driveway does not equate the home being an SFR vs a detached condo.
Click to expand...

There are some homes that have courtyard style but are not detached condos. The tax records for both of these homes are officially SFR.
 
Cares said:
USCTrojanCPA said:
houmajsa said:
I saw two listings from Woodbury on market for a while, what is the reason for not getting sold?

Also, are those real driveways where you can park you car? If not, then detached condo would be more accurate, right?
https://www.redfin.com/CA/Irvine/21-Fanpalm-92620/home/28931850https://www.redfin.com/CA/Irvine/28-Gables-92620/home/28931308

Excuse me if this is noob question, I moved here last month and is trying to get up to speed.
Click to expand...

Very simple, priced too high given either location and/or condition (upgrades or lack there of).  These are detached condo because they are located on motorcourts.  Having a driveway does not equate the home being an SFR vs a detached condo.
Click to expand...

There are some homes that have courtyard style but are not detached condos. The tax records for both of these homes are officially SFR.
Click to expand...
Stupid question, but if it were listed as condo instead of SFH on title, will that deter buyers? The fact that it?s listed as SFH on title but has a motor court is quite misleading as a buyer.

What is even the requirement in OC to have title as SFH?
 
These 2 homes are definitely not quasi sfr. They have very narrow courtyard with driveway.  These homes were built on the very last lot of Woodbury in 2010-2011 after financial crisis. Personally I dont like the design. It feels like the whoever the builder was trying to do sfr for a condo so they could market it as sfr.
 
sleepy5136 said:
Cares said:
USCTrojanCPA said:
houmajsa said:
I saw two listings from Woodbury on market for a while, what is the reason for not getting sold?

Also, are those real driveways where you can park you car? If not, then detached condo would be more accurate, right?
https://www.redfin.com/CA/Irvine/21-Fanpalm-92620/home/28931850https://www.redfin.com/CA/Irvine/28-Gables-92620/home/28931308

Excuse me if this is noob question, I moved here last month and is trying to get up to speed.
Click to expand...

Very simple, priced too high given either location and/or condition (upgrades or lack there of).  These are detached condo because they are located on motorcourts.  Having a driveway does not equate the home being an SFR vs a detached condo.
Click to expand...

There are some homes that have courtyard style but are not detached condos. The tax records for both of these homes are officially SFR.
Click to expand...
Stupid question, but if it were listed as condo instead of SFH on title, will that deter buyers? The fact that it?s listed as SFH on title but has a motor court is quite misleading as a buyer.

What is even the requirement in OC to have title as SFH?
Click to expand...

Most buyers will not know the difference between Condo or SFR especially in a situation like this but it also doesn't really matter if it is SFR but feels like detached condo anyways.

I'm not 100% sure on the distinction between the two. From what little bit I do understand is that a detached condo has lower home setback requirements to the adjacent home compared to SFR therefore more dense.
 
I think the distinction is really whether there is a common land interest between the owners. For example, if the shared driveway of the motor court setup is considered private road, then it is a common land interest and to be maintained by the HOA; vs if they are considered public street and maintained by the city.

On the other hand, zero lot lines can be considered SFH because it can be part of property line easement.

But from lender point of view, usually you can get the same rate for detached condo (single family residence) as single family houses.

Cares said:
sleepy5136 said:
Cares said:
USCTrojanCPA said:
houmajsa said:
I saw two listings from Woodbury on market for a while, what is the reason for not getting sold?

Also, are those real driveways where you can park you car? If not, then detached condo would be more accurate, right?
https://www.redfin.com/CA/Irvine/21-Fanpalm-92620/home/28931850https://www.redfin.com/CA/Irvine/28-Gables-92620/home/28931308

Excuse me if this is noob question, I moved here last month and is trying to get up to speed.
Click to expand...

Very simple, priced too high given either location and/or condition (upgrades or lack there of).  These are detached condo because they are located on motorcourts.  Having a driveway does not equate the home being an SFR vs a detached condo.
Click to expand...

There are some homes that have courtyard style but are not detached condos. The tax records for both of these homes are officially SFR.
Click to expand...
Stupid question, but if it were listed as condo instead of SFH on title, will that deter buyers? The fact that it?s listed as SFH on title but has a motor court is quite misleading as a buyer.

What is even the requirement in OC to have title as SFH?
Click to expand...

Most buyers will not know the difference between Condo or SFR especially in a situation like this but it also doesn't really matter if it is SFR but feels like detached condo anyways.

I'm not 100% sure on the distinction between the two. From what little bit I do understand is that a detached condo has lower home setback requirements to the adjacent home compared to SFR therefore more dense.
Click to expand...
 
I just talked to fanpalm?s listing agent last week, they have a ton of offers, they were just making another ?highest and best? counter offers this past weekend. I think it?s probably the same thing for the other one. Lots of demand for both I believe
 
I looked at the history of Montecito. I believe it is one of the very first one to start the motor court trend in North Irvine new builds that is to blur the line between detached condo/quasi SFR/true SFH and the now cookie cutter L shaped great room concept that has been recycled the last 10-12 years.

Plus this golden nugget from Irvine Company's sale agent at the time, on motor court:
"Well, I see that you haven't read the newest brochure.  There was an EXTENSIVE market study conducted, and one of the most important things was people wanted to live on a quiet street and wanted to have privacy.  These motorcourts address those needs.  You don't want random cars travelling down your street.  This way, you know that everyone who travels on the motorcourt is your family or your neighbors.  It was purposely done this way.  These motorcourts are better that they are this narrow.  This discourages people from driving fast on them, so your children will be safe to play there.  The whole community was designed to keep what homebuyers wanted in mind.  It's purposely designed to have narrow streets and smaller lots"

It looks like it is highly  ;) desirable by the buyers, who knew
 
Translation:

We can fit more homes into lots with a motorcourt set up. We don't really care about your family... just your family's money.

:)
 
I know right. TIC is such a visionary. 3/2, 1800 sqft detached condo on a motor court, near Irvine Spectrum can sell for a cool 2 million.

irvinehomeowner said:
Translation:

We can fit more homes into lots with a motorcourt set up. We don't really care about your family... just your family's money.

:)
Click to expand...
 
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