Northwood in a popular area in Irvine. So I am somewhat surprised that the 2,770-SF, 7-bedroom home at 53 Carver in still on the market after over 5 months. Part of my surprise is that the asking price is $649,000 or $234 per square foot?reasonable for this area. For example, the nearby but smaller home at 26 Carver sold in July for $655,000 or $298 per square foot. Another selling point for this home is that it has no HOA fee or Mello Roos tax. (This is true for many of the homes in Northwood.)
carver
The problem might be that this is a short sale. In the beginning of August, the asking price was $699,000, but by the end of August, the price was dropped to $599,900. However, in September the asking price was increased to $690,000 but reduced in October to $649,000. Maybe the bank has been reluctant to accept a reduced price for this home.
Note: This home last sold in 2004 for $800,000. Also, according to Redfin, the December median price per square that a detached home in Northwood sold for was $329 per square foot.
Here is what some other homes on Carver have sold for:
26 Carver
* 4 bedrooms/2 baths with 2,200 square feet
* Sold on July 30, 2009 for $655,000 ($298/SF)
16 Carver
* 5 bedrooms/3 baths with 2,754 square feet
* Sold on February 19, 2009 for $750,000 ($272/SF)
6 Carver
* 4 bedrooms/3 baths with 2,800 square feet
* Sold on April 22, 2009 for $775,000 ($277/SF)
http://www.sweetorangehousing.com/2010/01/18/why-hasnt-this-home-in-irvines-northwood-sold/