ps99472
New member
This is the opposing/partner thread to USCTrojan's WTF thread (http://www.talkirvine.com/index.php/topic,1074.0.html)
Here's my first nomination at $318/sq ft (with a "view" per description)
http://www.redfin.com/CA/Irvine/19-Desert-Willow-92606/home/22751121
posted this first in another thread, thought it warrants more discussion.
My least favorite neighborhood in Irvine. Prices here seem to have recovered from its untimely launch right when the bubble burst (and before the last phase release). This listing is close to the 2009-2012 dark ages of Columbus Grove. Comp killing its neighbors at 38 Desert Willow $418/sq ft, 54 Desert Willow at $409/sq ft, 45 Snowdrop at $392/sq ft, and 36 Water Lily at $425/sq ft. CG has one of the highest Mello-Roos tax in Irvine. This ones comes in at:
R1 MELLO-ROOS R1 (949)955-1500 $4,362.54
It's tax base (Total Net Taxable Value $929,250) also comes in lower than the original purchase price of almost $1.2 million. No homeowners exemption. This is probably a foreclosure or short sale, though it is not listed in the description. The agent is a "REO" specialist. CG is not buffered well from real estate dips: power lines, WM depot nearby, concrete plant, and the closest way to get to the District is a fucking U-turn on Warner. First to drop in price during the economic downturn and the last to recover. Worse off all, probably not true, but you can't help but feel your Mello-Roos dollars are bleeding into Creekside alternative next door.
Good points: cool clubhouse to rent for birthday parties, had my kid's party here and it had a nice private green patch right outside for a bounce house. Bball courts are nice, though I do see some "questionable" cars in the parking lot.
Here's my first nomination at $318/sq ft (with a "view" per description)
http://www.redfin.com/CA/Irvine/19-Desert-Willow-92606/home/22751121
posted this first in another thread, thought it warrants more discussion.
My least favorite neighborhood in Irvine. Prices here seem to have recovered from its untimely launch right when the bubble burst (and before the last phase release). This listing is close to the 2009-2012 dark ages of Columbus Grove. Comp killing its neighbors at 38 Desert Willow $418/sq ft, 54 Desert Willow at $409/sq ft, 45 Snowdrop at $392/sq ft, and 36 Water Lily at $425/sq ft. CG has one of the highest Mello-Roos tax in Irvine. This ones comes in at:
R1 MELLO-ROOS R1 (949)955-1500 $4,362.54
It's tax base (Total Net Taxable Value $929,250) also comes in lower than the original purchase price of almost $1.2 million. No homeowners exemption. This is probably a foreclosure or short sale, though it is not listed in the description. The agent is a "REO" specialist. CG is not buffered well from real estate dips: power lines, WM depot nearby, concrete plant, and the closest way to get to the District is a fucking U-turn on Warner. First to drop in price during the economic downturn and the last to recover. Worse off all, probably not true, but you can't help but feel your Mello-Roos dollars are bleeding into Creekside alternative next door.
Good points: cool clubhouse to rent for birthday parties, had my kid's party here and it had a nice private green patch right outside for a bounce house. Bball courts are nice, though I do see some "questionable" cars in the parking lot.