[IHB] Closed Sales from 12/20/2012 to 12/26/2012

[zovall]

Blog post by nilam:http://www.irvinehousingblog.com/blog/comments/closed-sales-from-12-20-2012-to-12-26-2012

 

[irvinehomeowner]

The 20 Bungalow one is actually in Woodbury and at $742k, that's a comp killer. I understand it's right next to a main road but that's the lowest I've seen that model go for:
http://www.redfin.com/CA/Irvine/20-Bungalow-92620/home/5950553

Does anyone know the story...  same agent listed and bought?

 

[irvinerealtor]

Yes, same agent represented buyer and seller on this short sale...
There was an additional $2500 fee paid to a 3rd-party negotiator by the buyers.
No other concessions were listed.
I don't know what the condition of the interior was, but a tough location can be an enormous drag on a property's perceived worth.
-IR2

The 20 Bungalow one is actually in Woodbury and at $742k, that's a comp killer. I understand it's right next to a main road but that's the lowest I've seen that model go for:
http://www.redfin.com/CA/Irvine/20-Bungalow-92620/home/5950553

Does anyone know the story...  same agent listed and bought?

 

[Vinster]

22 Bungalow (http://www.redfin.com/CA/Irvine/22-Bungalow-92620/home/5950549) next door sold for more ($760K) in October and it was smaller (2418 sq. ft vs. 2700 sq. ft).

One less bedroom and smaller lot by 2000 sq. ft. I believe you could still hear some road noise from 22 Bungalow also.