Newer Irvine listings with crazy WTF asking prices from equity sellers

Looks like either "buyer remorse", or job relocation, not a flip given the closing price in January is only $100k more in February. Buyer's commission alone is listed at 1.0% with Seller's fee unknown. Pretty thin goings if this is a presumed flip.
 
irviniteeee said:
Wow...and that new listing I sent above is now under contract as well. I honestly see them getting that price because it's a very unique lot. Probably one of the best lots I've seen in the Reserve.
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I guess the FCB money laundering is still going on by parking their money with real estate here so that the Chinese government doesn't seize it.
 
irviniteeee said:
HAHA! 1257 a foot in PS.

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At least that's a view lot.

How about this one:

$1279 per sq ft.

Or this one:

$1022 per sq ft for a condo. At least the one above has a huge lot. This condo is on a pretty small lot. Funny that his Bluffs 1 is asking for $2.465M when a Bluffs 2 down the street is listing at $2.28M. Not to mention, this one only gives 1.5% buyer's fee while the Bluffs 2 (along with pretty much everyone else) gives 2% buyer's fee. If you were a buyer's agent, what would you do? :ROFLMAO:
 
sgip said:
Ooof... that Thimbleberry CGI is shiat. With $70k or so in "layup" commissions being paid, you'd hope they'd invest a dollar or two more in better staging.
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At first I thought it was real landscape since they put that photo at the top, so I figured maybe the listing price is somewhat justified. Then I realized that the backyard is still empty and that was just CGI. What a bunch of misleading crap. 😂
 
CalBears96 said:
At least that's a view lot.

How about this one:

$1279 per sq ft.

Or this one:

$1022 per sq ft for a condo. At least the one above has a huge lot. This condo is on a pretty small lot. Funny that his Bluffs 1 is asking for $2.465M when a Bluffs 2 down the street is listing at $2.28M. Not to mention, this one only gives 1.5% buyer's fee while the Bluffs 2 (along with pretty much everyone else) gives 2% buyer's fee. If you were a buyer's agent, what would you do? :ROFLMAO:
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I mean I like the rendering of the plans for the yard, but people are going to be so confused thinking they're getting it included at that price lol.
 
sgip said:
Ooof... that Thimbleberry CGI is shiat. With $70k or so in "layup" commissions being paid, you'd hope they'd invest a dollar or two more in better staging.

Also, of the two WTF listings 500 ft apart, we have a winner:

Still Listed: https://www.redfin.com/CA/Irvine/2-Sycamore-Crk-92603/home/4742727
Under Contract: https://www.redfin.com/CA/Irvine/3-Wandering-Rill-92603/home/4742709
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Unfortunately, in the Turtles, those aren't WTF pricing...That single story one will be pending soon, watch. They are WTF pricing in general, but in the Turtles people get crazy.
 
Turtle LOL's

- Love the apartment quality vinyl flooring in a home of this size and price.

https://www.redfin.com/CA/Irvine/19101-Sierra-Majorca-Rd-92603/home/4741343 - This one will get snatched I'm sure. It's one of the homes along Turtle Rock park and it has the biggest lot of the few homes against the park. If you've ever been to the grassy area in the back of the park, you know exactly what house this is.

https://www.redfin.com/CA/Irvine/6291-Sierra-Bravo-Rd-92603/home/4741342 This is the next door neighbor of the house above. I think the lot is slightly larger. 1.8 in December 2019 HA!
 
irviniteeee said:
I mean I like the rendering of the plans for the yard, but people are going to be so confused thinking they're getting it included at that price lol.
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I was confused at first too since I saw several photos of the rendering. I was looking at it on the iPhone and I couldn't tell right away that it was just rendering.
 
CalBears96 said:
At least that's a view lot.

How about this one:

$1279 per sq ft.

Or this one:

$1022 per sq ft for a condo. At least the one above has a huge lot. This condo is on a pretty small lot. Funny that his Bluffs 1 is asking for $2.465M when a Bluffs 2 down the street is listing at $2.28M. Not to mention, this one only gives 1.5% buyer's fee while the Bluffs 2 (along with pretty much everyone else) gives 2% buyer's fee. If you were a buyer's agent, what would you do? :ROFLMAO:
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Another Ravello resale flip now, just crazy! Seems like a flipping frenzy is going on in Irvine now since investors keep getting max ROI with Irvine real estate!:

www.zillow.com

209 Coal Mine, Irvine, CA 92602 | Zillow

209 Coal Mine, Irvine CA, is a Single Family home that contains 3227 sq ft and was built in 2023.It contains 4 bedrooms and 5 bathrooms.This home last sold for $3,680,000 in March 2024. The Zestimate for this Single Family is $3,683,600, which has increased by $229,081 in the last 30 days.The...
www.zillow.com www.zillow.com

@CalBears96 isn't your Cielo plan 1 being built similar to the Ravello plan 1? You could probably flip it for much more than you are buying it for now after you close escrow with Shea! 🤣
 
Yoda said:
Another Ravello resale flip now, just crazy! Seems like a flipping frenzy is going on in Irvine now since investors are keep on getting max ROI with Irvine real estate!:

www.zillow.com

209 Coal Mine, Irvine, CA 92602 | Zillow

209 Coal Mine, Irvine CA, is a Single Family home that contains 3227 sq ft and was built in 2023.It contains 4 bedrooms and 5 bathrooms.This home last sold for $3,680,000 in March 2024. The Zestimate for this Single Family is $3,683,600, which has increased by $229,081 in the last 30 days.The...
www.zillow.com www.zillow.com

@CalBears96 isn't your Cielo plan 1 being built similar to the Ravello plan 1? You could probably flip it for much more than you are buying it for now as well after you close escrow with Shea! 🤣
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I like some of the upgrades but...that price for THAT lot? HAHA!
 
Yoda said:
Another Ravello resale flip now, just crazy! Seems like a flipping frenzy is going on in Irvine now since investors keep getting max ROI with Irvine real estate!:

www.zillow.com

209 Coal Mine, Irvine, CA 92602 | Zillow

209 Coal Mine, Irvine CA, is a Single Family home that contains 3227 sq ft and was built in 2023.It contains 4 bedrooms and 5 bathrooms.This home last sold for $3,680,000 in March 2024. The Zestimate for this Single Family is $3,683,600, which has increased by $229,081 in the last 30 days.The...
www.zillow.com www.zillow.com

@CalBears96 isn't your Cielo plan 1 being built similar to the Ravello plan 1? You could probably flip it for much more than you are buying it for now after you close escrow with Shea! 🤣
Click to expand...
Yeah, Cielo plan 1 is very similar to Ravello plan 1. The only difference is Cielo has volume high ceiling with two large windows, but only has 1 sets of sliding doors, where Ravello has 3 sets (Z shape).

I would rather sell Bluffs plan 2 for the same gain (probably) without having to pay taxes since it's been my primary residence for 2 years by the time I close escrow on Cielo plan 1. Works out the same. Unless some FCB decides to buy it for $2.5M, at which point, I would have to pay some taxes. If 125 Petunia ends up selling for $2.465M, then maybe I could actually sell mine for $2.6M. :ROFLMAO:
 
CalBears96 said:
Or this one:

$1022 per sq ft for a condo. At least the one above has a huge lot. This condo is on a pretty small lot. Funny that his Bluffs 1 is asking for $2.465M when a Bluffs 2 down the street is listing at $2.28M. Not to mention, this one only gives 1.5% buyer's fee while the Bluffs 2 (along with pretty much everyone else) gives 2% buyer's fee. If you were a buyer's agent, what would you do? :ROFLMAO:
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This is crazy. This one is already pending. :confused:
 
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