Recent content by flipper

I am planning 1000SF room addition to an Irvine house. Do you guys have any architects and builders to recommend?

Those sienna homes were trading around $1.6M in year 2005. If you check the history of the above properties, you will know they were purchased from the builder. The close date is early 2004, which means the contract date is in the middle of 2003, before the last bubble was inflated.

Big lots most likely have steep slopes so that a lot of the space is unusable.

You must be kidding! All the young kids I know in Turtle Ridge or Shady Canyon go to Irvine public schools. Older kids may go to Sage Hill high school so that they won't face ferocious competition in University High.

$4m judgment is not a big issue. I know a guy got a $18m FTC judgment. Then he declared bankruptcy. The lien amount was reduced to around $80k attached to his house.

For auction.com purchase, the buyer has to pay 5% premium out of his own pocket to pay for auction.com fees and listing agent fees. So the price of the buyer paid is close to $940k if appraisers want to use this as a comp. Cheaper price from new OH homes is wishful thinking. You have to...

1 Carmichael is a short sale. Many appraisers will ignore this one as a comp. I don't see any newer Northwood properties selling under $400/sf. You can't use properties from old Northwood as comps.

Sold for $880,100 at foreclosure auction.

Redfin was not updated. The property was sold to an all cash buyer for $1.6m within two weeks of listing.

Should be as the selling agent is Chinese.

I think there were under table agreements to put the sold price low so that the seller didn't have to pay capital gain on top of $500k allowance. As this is an all cash deal, it is not easy to detect.

Sold at short sale for $465k on 6/13/12. Then turns around for sale at almost $300k higher. Sounds like a fraud.

Peak price is around $1.2M for this model. Northwood II hasn't fully recovered as there are many similar properties in Woodbury and Portola. Westpark and Turtle rock houses are selling more than 05 bubble prices now.

Check out the following sold listings:http://www.redfin.com/CA/Irvine/47-Shady-Ln-92603/home/5892624http://www.redfin.com/CA/Irvine/23-Trumpet-Vine-92603/home/5901271http://www.redfin.com/CA/Irvine/29-Castlerock-92603/home/5900843

Well, who can believe that a 2400SF house without view in Turtle Ridge can sell for $1.63M?http://www.redfin.com/CA/Irvine/26-Trumpet-Vine-92603/home/5901313