Bestest Newest Detachedest Home in Irvine for less than $1m?

[AW]

No thank yous?

I should probably chart each neighborhood with a morningstar rating.  ;D

Oh please do that.  YF is in da house!

Lol, didn?t btb have that Village sheet with various ratings like coyotes, proximity to landfill, toxic plume, freeway, etc? 
Replace that with morning star ratings!

That wasn?t BTB...that was YF.

Lol. Gimme a break. Same dude.

 

[irvinebullhousing]

Lol the same rhetoric when it was YF about the best place to plunk money down is in Eastwood. Same dude for certain. Attempts to capitalize on his flips in Eastwood.

 

[Burn That Belly]

x

 

[Kings]

No thank yous?

I should probably chart each neighborhood with a morningstar rating.  ;D

Oh please do that.  YF is in da house!

Lol, didn?t btb have that Village sheet with various ratings like coyotes, proximity to landfill, toxic plume, freeway, etc? 
Replace that with morning star ratings!

That wasn?t BTB...that was YF.

Lol. Gimme a break. Same dude.

YF was an environmentalist. BTB is about maximizing portfolio ROI and risk mitigation with low fees in the least amount of time.

 

[qwerty]

@BTB - so when will you cash out of Eastwood to maximize ROI and what would your next move be?

 

[irvinebullhousing]

Fair question! Return is nothing if you not selling. Flipping is tough now.

 

[aquabliss]

Pretty sure BTB would move to OH Reserves next, if he hasn?t already.

 

[qwerty]

Pretty sure BTB would move to OH Reserves next, if he hasn?t already.

Until you cash out unrealized ROI is worthless. Rolling it over to another house that also increased while yours did doesn?t do anything. Unless you are cashing out and moving to a low cost area (or downgrading which doesn?t seem to be BTBs style) it doesn?t make you wealthier.

 

[irvinebullhousing]

Unless, you have multiple units or homes. Sell one and live in another. With the ways things are going now, I would hold all real estate properties. Rental is strong in Irvine. I dislike The Irvine Company ruthless, unforgiving rental increase business model. Even if you are a perfect tenant, rent going up no matter what, when it comes to renewal.

In addition the property tax burden on rental is unlimited for deduction vs. primary you are cap at 10K. There is another method  of getting around the 10K deduction cap for primary is that if you considering renting out your home at least 15 days out of the year, it consider to be a rental and if you read and follows the rules carefully you can go beyond the 10K tax cap.

Qwerty, you seem like a tax guy, you should shed more light into this.

 

[Burn That Belly]

x

 

[irvinebullhousing]

Currently, it is flip and burn. I?ve seen this show a few times before. It isn?t pretty.

 

[irvinehomeowner]

Wow, totally missed the comments in this thread... oh well.

Anyways, this whole thing has me looking around in Redfin again as I can't believe new attached townhomes lego'd together are hitting $1m and motorcourt detached homes without driveways are starting at $1.4m.

This is the newest home I could find for less than $1m:

$985k, 3br/2ba 1785sfthttps://www.redfin.com/CA/Irvine/51-Midnight-Sky-92620/home/5959240

It's in Woodbury, fully detached, has a driveway, low maintenance backyard... and a small front yard.

Doesn't have the downstairs in-law/guest space but a good newer starter/move-up home.

I just remember these trading in the $700-800s not too long ago.

 

[Kings]

This is the newest home I could find for less than $1m:

$985k, 3br/2ba 1785sfthttps://www.redfin.com/CA/Irvine/51-Midnight-Sky-92620/home/5959240

It's in Woodbury, fully detached, has a driveway, low maintenance backyard... and a small front yard.

Doesn't have the downstairs in-law/guest space but a good newer starter/move-up home.

I just remember these trading in the $700-800s not too long ago.

purchased for $868k new in 2006 and sold for 795k in 2014, ouch

btb roi meter spinning backwards

 

[paydawg]

Wow, totally missed the comments in this thread... oh well.

Anyways, this whole thing has me looking around in Redfin again as I can't believe new attached townhomes lego'd together are hitting $1m and motorcourt detached homes without driveways are starting at $1.4m.

This is the newest home I could find for less than $1m:

$985k, 3br/2ba 1785sfthttps://www.redfin.com/CA/Irvine/51-Midnight-Sky-92620/home/5959240

It's in Woodbury, fully detached, has a driveway, low maintenance backyard... and a small front yard.

Doesn't have the downstairs in-law/guest space but a good newer starter/move-up home.

I just remember these trading in the $700-800s not too long ago.

This home sold for $869K in 2006!  wow

 

[qwerty]

This is the newest home I could find for less than $1m:

$985k, 3br/2ba 1785sfthttps://www.redfin.com/CA/Irvine/51-Midnight-Sky-92620/home/5959240

It's in Woodbury, fully detached, has a driveway, low maintenance backyard... and a small front yard.

Doesn't have the downstairs in-law/guest space but a good newer starter/move-up home.

I just remember these trading in the $700-800s not too long ago.

purchased for $868k new in 2006 and sold for 795k in 2014, ouch

btb roi meter spinning backwards

BTB likes to cherry pick data starting in 2011 to show how great the returns are in hopes of getting people to buy TIC products.

 

[iacrenter]

Wow, totally missed the comments in this thread... oh well.

Anyways, this whole thing has me looking around in Redfin again as I can't believe new attached townhomes lego'd together are hitting $1m and motorcourt detached homes without driveways are starting at $1.4m.

This is the newest home I could find for less than $1m:

$985k, 3br/2ba 1785sfthttps://www.redfin.com/CA/Irvine/51-Midnight-Sky-92620/home/5959240

It's in Woodbury, fully detached, has a driveway, low maintenance backyard... and a small front yard.

Doesn't have the downstairs in-law/guest space but a good newer starter/move-up home.

I just remember these trading in the $700-800s not too long ago.

This home sold for $869K in 2006!  wow

I used to like the Portisol tract in Woodury. I remember one of the plans had a 3rd floor option/bonus room.

Here is a link to an old Irvine Housing Blog post on Portisol in 2012.

Price per Sq Foot was as low as ~$330 back in 2011!
http://www.irvinehousingblog.com/2012/04/16/rising-sun-and-the-midnight-sky/
http://www.talkirvine.com/index.php?topic=2595.0

 

[bones]

This is the newest home I could find for less than $1m:

$985k, 3br/2ba 1785sfthttps://www.redfin.com/CA/Irvine/51-Midnight-Sky-92620/home/5959240

It's in Woodbury, fully detached, has a driveway, low maintenance backyard... and a small front yard.

Doesn't have the downstairs in-law/guest space but a good newer starter/move-up home.

I just remember these trading in the $700-800s not too long ago.

purchased for $868k new in 2006 and sold for 795k in 2014, ouch

btb roi meter spinning backwards

Apparently there?s still homes in Woodbury ?under water? even today from the 2006 peak. Not everything you touch in irivne turns to ROI gold. TIC product or not.

 

[irvinehomeowner]

And that's why I said ROI is not guaranteed and to me, if it's your primary residence, not something you should be focusing on.

 

[Burn That Belly]

x

 

[Mety]

And that's why I said ROI is not guaranteed and to me, if it's your primary residence, not something you should be focusing on.

I don't believe I was preaching ROI in 2006, nor was I preaching it at WB.

I think I was still in elementary school in 2006.

But okay.

I think I was born in 2006.