Newer Irvine listings with crazy WTF asking prices from equity sellers

callmehere · Mar 3, 2023

DrTravel said:
100 Dry Crk, Irvine, CA 92602 - 5 beds/5.5 baths

(TheMLS) Sold: 5 beds, 5.5 baths, 6070 sq. ft. house located at 100 Dry Crk, Irvine, CA 92602 sold for $8,250,000 on Jan 16, 2023. MLS# 22-201338. Arguably the most impressive property ever built in Irvine....

www.redfin.com

Originally listed for $8.8m - I waited a month and offered $7.888m but lost out Oh well... was really looking forward to paying that non tax deductible $100K+ property tax

You can buy this house, it's an Oceano, listed at a low price of $7.58mil

176 Leafy Pass, Irvine, CA 92602 | MLS #OC23020347 | Zillow

For sale This 6288 square foot single family home has 5 bedrooms and 6.0 bathrooms. It is located at 176 Leafy Pass Irvine, California.

www.zillow.com

Danimal · Mar 14, 2023

This house was sold 11 days ago. Now it is listing for almost $100k more. New owner thinks he can flip it for quick bucks. Truly nut.

115 Outpost, Irvine, CA 92620 - 4 beds/3 baths

(CRMLS) Sold: 4 beds, 3 baths, 2486 sq. ft. house located at 115 Outpost, Irvine, CA 92620 sold for $2,150,000 on Apr 11, 2023. MLS# WS23042158. Welcome to this beautifully upgraded home in the famous Mast...

redf.in

CalBears96 · Mar 14, 2023

Danimal said:
This house was sold 11 days ago. Now it is listing for almost $100k more. New owner thinks he can flip it for quick bucks. Truly nut.

115 Outpost, Irvine, CA 92620 - 4 beds/3 baths

(CRMLS) Sold: 4 beds, 3 baths, 2486 sq. ft. house located at 115 Outpost, Irvine, CA 92620 sold for $2,150,000 on Apr 11, 2023. MLS# WS23042158. Welcome to this beautifully upgraded home in the famous Mast...

redf.in

I guess new owner thinks he can flip it because he's seeing Chinese cash flooding California now that 11 other states are prohibiting Chinese money in the real estate market.

My wife has watching these real estate Youtube channels and they're all saying California housing market is heating up again, probably specifically Irvine and OC.

usctrojancpa · Mar 14, 2023

CalBears96 said:
I guess new owner thinks he can flip it because he's seeing Chinese cash flooding California now that 11 other states are prohibiting Chinese money in the real estate market.

My wife has watching these real estate Youtube channels and they're all saying California housing market is heating up again, probably specifically Irvine and OC.

After commissions and closing costs (on both the buy and sell side) along with carry costs, there won't be a profit unless they get over list.

usctrojancpa · Mar 14, 2023

I get that this home is a former model home but no way it gets anything close to the list price...

106 Milky Way, Irvine, CA 92618 - 3 beds/2.5 baths

(CRMLS) For Sale: 3 beds, 2.5 baths ∙ 1600 sq. ft. ∙ 106 Milky Way, Irvine, CA 92618 ∙ $1,450,000 ∙ MLS# OC23039632 ∙ Poised in the renowned Portola Springs community of Irvine is a former model home that ...

www.redfin.com

aquabliss · Mar 15, 2023

CalBears96 said:
I guess new owner thinks he can flip it because he's seeing Chinese cash flooding California now that 11 other states are prohibiting Chinese money in the real estate market.

My wife has watching these real estate Youtube channels and they're all saying California housing market is heating up again, probably specifically Irvine and OC.

Just curious, where can I see a list of the 11 states that banned Chinese Money from Real Estate Purchases?

tomiki · Mar 15, 2023

according to bing-chat

According to some web sources 1 2 3, it is true that 11 U.S. states are considering banning Chinese individuals and companies from buying real estate within their borders. These states are Virginia, Texas, Florida, Georgia, Arizona, Arkansas, Alabama, Tennessee, South Carolina, Montana and Wyoming1. The proponents of these bills argue that they are necessary to protect national security and prevent foreign influence 2 3. However, critics say that these bills are discriminatory and xenophobic 1 2.

Learn more:
1. bisnow.com 2. firstpost.com 3. nytimes.com 4. cleverjourneys.com 5. dailymail.co.uk 6. businessinsider.com+3 more

Danimal · Mar 15, 2023

That’s great for California home owners. More foreign buyers flock into buying homes here instead of those red states.

irvinehomeowner · Mar 15, 2023

DrTravel said:
100 Dry Crk, Irvine, CA 92602 - 5 beds/5.5 baths

(TheMLS) Sold: 5 beds, 5.5 baths, 6070 sq. ft. house located at 100 Dry Crk, Irvine, CA 92602 sold for $8,250,000 on Jan 16, 2023. MLS# 22-201338. Arguably the most impressive property ever built in Irvine....

www.redfin.com

Originally listed for $8.8m - I waited a month and offered $7.888m but lost out Oh well... was really looking forward to paying that non tax deductible $100K+ property tax

Was this the one shown on Selling the OC?

Maserson · Mar 15, 2023

103 Crossover, Irvine, CA 92618 - 4 beds/4.5 baths

(CRMLS) For Sale: 4 beds, 4.5 baths ∙ 3754 sq. ft. ∙ 103 Crossover, Irvine, CA 92618 ∙ $2,650,000 ∙ MLS# OC23026583 ∙ Don't miss out on this stunning oepn floor! Experience luxurious living in this classic...

www.redfin.com

$200k immediate flip

Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000

someguy · Mar 15, 2023

Maserson said:
103 Crossover, Irvine, CA 92618 - 4 beds/4.5 baths

(CRMLS) For Sale: 4 beds, 4.5 baths ∙ 3754 sq. ft. ∙ 103 Crossover, Irvine, CA 92618 ∙ $2,650,000 ∙ MLS# OC23026583 ∙ Don't miss out on this stunning oepn floor! Experience luxurious living in this classic...

www.redfin.com

$200k immediate flip

Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000

Nice house. Not gonna happen. I don't think anyone is going to be buying houses while banks are in turmoil.

OCtoSV · Mar 15, 2023

someguy said:
Nice house. Not gonna happen. I don't think anyone is going to be buying houses while banks are in turmoil.

Indeed - word on the street is no securitization happening for any type of asset outside of conforming mortgages right now. If jumbos are only portfolio loans now those spreads will start to widen as buyers have few choices.

meiguoyungwai · Mar 15, 2023

Maserson said:
103 Crossover, Irvine, CA 92618 - 4 beds/4.5 baths

(CRMLS) For Sale: 4 beds, 4.5 baths ∙ 3754 sq. ft. ∙ 103 Crossover, Irvine, CA 92618 ∙ $2,650,000 ∙ MLS# OC23026583 ∙ Don't miss out on this stunning oepn floor! Experience luxurious living in this classic...

www.redfin.com

$200k immediate flip

Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000

Not sure if itll sell for that price. We'll see when it closes

usctrojancpa · Mar 15, 2023

Maserson said:
103 Crossover, Irvine, CA 92618 - 4 beds/4.5 baths

(CRMLS) For Sale: 4 beds, 4.5 baths ∙ 3754 sq. ft. ∙ 103 Crossover, Irvine, CA 92618 ∙ $2,650,000 ∙ MLS# OC23026583 ∙ Don't miss out on this stunning oepn floor! Experience luxurious living in this classic...

www.redfin.com

$200k immediate flip

Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000

Seller will need to sell it for $2.55m+ to break even.

Danimal · Mar 15, 2023

Someone was crazy enough paying $100k more for this house 2 days ago than @ the peak of last year.

113 Mangrove Banks, Irvine, CA 92620 - 4 beds/4 baths

(CRMLS) Sold: 4 beds, 4 baths, 2546 sq. ft. house located at 113 Mangrove Banks, Irvine, CA 92620 sold for $2,140,000 on Mar 13, 2023. MLS# OC23026727. Exceptional living awaits in this amazing 4bedroom 3 ...

redf.in

Irvinehomeseeker · Mar 16, 2023

Above sale bodes well for Eastwood! IP has also restarted construction of Fresco - the last remaining lots in EW.

usctrojancpa · Mar 17, 2023

OCtoSV said:
Indeed - word on the street is no securitization happening for any type of asset outside of conforming mortgages right now. If jumbos are only portfolio loans now those spreads will start to widen as buyers have few choices.

There hasn't been much securitizations of jumbo loans period, big banks put their jumbo loans on their own books (they do have additional credit overlays with tighter underwriting standards).

usctrojancpa · Mar 17, 2023

Let's see....very few upgrades, regular sized lot, no/horrible staging, and asking over $900/sf for an attached condo on this one....

120 Okra, Irvine, CA 92618 - 3 beds/2.5 baths

(CRMLS) For Sale: 3 beds, 2.5 baths ∙ 1606 sq. ft. ∙ 120 Okra, Irvine, CA 92618 ∙ $1,470,000 ∙ MLS# OC23044368 ∙ Great location! Center of Irvine, only minutes drive to everywhere in irvine. There will be ...

www.redfin.com

Not gonna happen! They won't even get $800/sf.

Irvinehomeseeker · Mar 18, 2023

Danimal said:
Someone was crazy enough paying $100k more for this house 2 days ago than @ the peak of last year.

113 Mangrove Banks, Irvine, CA 92620 - 4 beds/4 baths

(CRMLS) Sold: 4 beds, 4 baths, 2546 sq. ft. house located at 113 Mangrove Banks, Irvine, CA 92620 sold for $2,140,000 on Mar 13, 2023. MLS# OC23026727. Exceptional living awaits in this amazing 4bedroom 3 ...

redf.in

I still wonder why this new construction IP unit which is a proper SFR is not moving after so many months on MLS...it's not on a T intersection as far as I can tell from the Google maps. https://www.redfin.com/CA/Irvine/103-Wheat-92602/unit-146/home/180242121

Irvinehomeseeker · Mar 18, 2023

Danimal said:
This house was sold 11 days ago. Now it is listing for almost $100k more. New owner thinks he can flip it for quick bucks. Truly nut.

115 Outpost, Irvine, CA 92620 - 4 beds/3 baths

(CRMLS) Sold: 4 beds, 3 baths, 2486 sq. ft. house located at 115 Outpost, Irvine, CA 92620 sold for $2,150,000 on Apr 11, 2023. MLS# WS23042158. Welcome to this beautifully upgraded home in the famous Mast...

redf.in

May be buyer remorse or found out just can't afford the house?

Newer Irvine listings with crazy WTF asking prices from equity sellers

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Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000​

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Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000​

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Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000​

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Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000​

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Active member

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Well-known member

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Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000

Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000

Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000

Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000