Newer Irvine listings with crazy WTF asking prices from equity sellers

USCTrojanCPA said:
This listing is an example where the Redfin data for the sales history is not correct.  The seller of the home bought it on 3/8/18 for $1,348,000. 
https://www.redfin.com/CA/Irvine/180-Salmon-92618/home/51682779

Anyhow, what planet is this seller on thinking that the home has appreciated $250,000 in about a year?  How about stage the home if you are going to ask for a crazy price?  haha
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But but .... the listing says it is the cheapest single story on a per square foot basis.  I thought these single story houses had a hard time selling when they were new and they even changed some of the Plan1s to Plan2 (Two Story with a Master Down).  I think even "Bones" didn't buy the 2 story one because the Master was downstairs.

Is there a new set of "parent generation" moving in to Irvine that makes these single story houses to be in more demand?
 
Irvine Dream said:
USCTrojanCPA said:
This listing is an example where the Redfin data for the sales history is not correct.  The seller of the home bought it on 3/8/18 for $1,348,000. 
https://www.redfin.com/CA/Irvine/180-Salmon-92618/home/51682779

Anyhow, what planet is this seller on thinking that the home has appreciated $250,000 in about a year?  How about stage the home if you are going to ask for a crazy price?  haha
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But but .... the listing says it is the cheapest single story on a per square foot basis.  I thought these single story houses had a hard time selling when they were new and they even changed some of the Plan1s to Plan2 (Two Story with a Master Down).  I think even "Bones" didn't buy the 2 story one because the Master was downstairs.

Is there a new set of "parent generation" moving in to Irvine that makes these single story houses to be in more demand?
Click to expand...

Single story homes almost always trade at a higher price per square foot a two story home, mainly because you don't lose square footage on stairs.  Not sure what the seller or realtor are smoking because here's an example of a somewhat newer single story home at over $100/sf less and lower Mello Roos...
https://www.redfin.com/CA/Irvine/3-Whitford-92602/home/5858612
 
USCTrojanCPA said:
Single story homes almost always trade at a higher price per square foot a two story home, mainly because you don't lose square footage on stairs.  Not sure what the seller or realtor are smoking because here's an example of a somewhat newer single story home at over $100/sf less and lower Mello Roos...
https://www.redfin.com/CA/Irvine/3-Whitford-92602/home/5858612
Click to expand...

3 Whitford seller might also be delusional. Potential buyers most likely will look at this sold comp in the mid $400/sqft and walk away.
https://www.redfin.com/CA/Irvine/14-Saintsbury-92602/home/5858183#overview
 
Kenkoko said:
USCTrojanCPA said:
Single story homes almost always trade at a higher price per square foot a two story home, mainly because you don't lose square footage on stairs.  Not sure what the seller or realtor are smoking because here's an example of a somewhat newer single story home at over $100/sf less and lower Mello Roos...
https://www.redfin.com/CA/Irvine/3-Whitford-92602/home/5858612
Click to expand...

3 Whitford seller might also be delusional. Potential buyers most likely will look at this sold comp in the mid $400/sqft and walk away.
https://www.redfin.com/CA/Irvine/14-Saintsbury-92602/home/5858183#overview
Click to expand...

Even though Saintsbury has a bad number (14 sounds close to I want to die in Mandarin) and it does back up to Bryan, Whiteford is a bit overpriced (nothing like Compass though who's seller must be on some other planet). haha 
 
This Baker Ranch home isn't an Irvine home but is worth honorable mention in this thread....
https://www.redfin.com/CA/Lake-Forest/25-Bellflower-92630/home/58554213

This should be a lesson to everyone, NEVER BUY A MODEL HOME FROM THE BUILDER!  The seller purchased this model home from Toll Bros in 2015 for $1.63m.  Closed comps are running over $200/sf lower than the asking price which would put the value of this home in the $1.2s....OUCH.
 
Roger said:
marmott said:
Price is maybe a bit high for this house:https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
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How is this wtf price for 362/sq ft? ::)
Click to expand...

I think he was saying WTF in reference to how the Seller's are using their garage and not so much the price. I agree with marmott, it is a total WTF. You would think CC&R's have rules (they probably do) for not using garages for their intended purposes. Part of the reason why there's public parking issues in many communities, not just Irvine. I even see it in my community, others too, shouldn't be allowed.

As for the price, 103 Neptune appears to be the same plan and it sold for $730k on 3/18. 
It's possible they'll get $730k, maybe a little less?  Irvine had about 370 properties for sale when that property closed on 3/18.  Today, Irvine's at 702 active. And aren't these 4 story condos?  These homeowners must be in great shape! I could never live in 4 stories, no thanks!
 
sell4u said:
Roger said:
marmott said:
Price is maybe a bit high for this house:https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
Click to expand...
How is this wtf price for 362/sq ft? ::)
Click to expand...

I think he was saying WTF in reference to how the Seller's are using their garage and not so much the price. I agree with marmott, it is a total WTF. You would think CC&R's have rules (they probably do) for not using garages for their intended purposes. Part of the reason why there's public parking issues in many communities, not just Irvine. I even see it in my community, others too, shouldn't be allowed.

As for the price, 103 Neptune appears to be the same plan and it sold for $730k on 3/18. 
It's possible they'll get $730k, maybe a little less?  Irvine had about 370 properties for sale when that property closed on 3/18.  Today, Irvine's at 702 active. And aren't these 4 story condos?  These homeowners must be in great shape! I could never live in 4 stories, no thanks!
Click to expand...
Then his remark isn't related to the subject... "Newer Irvine listings with crazy WTF asking prices from equity sellers"  ::)  But then again people rarely stick to what the OP really ask in the subject line anyways in this forum  ::)
 
Roger said:
marmott said:
Price is maybe a bit high for this house:https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
Click to expand...
How is this wtf price for 362/sq ft? ::)
Click to expand...

I still think it's  little pricey for this kind of condo, you effectively live on the third and fourth floor with the garage on the first floor. The street parking is also very bad in this development, I guess it's not helped by people not using their garage.

I used to live on that street.
 
Roger said:
sell4u said:
Roger said:
marmott said:
Price is maybe a bit high for this house:https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
Click to expand...
How is this wtf price for 362/sq ft? ::)
Click to expand...

I think he was saying WTF in reference to how the Seller's are using their garage and not so much the price. I agree with marmott, it is a total WTF. You would think CC&R's have rules (they probably do) for not using garages for their intended purposes. Part of the reason why there's public parking issues in many communities, not just Irvine. I even see it in my community, others too, shouldn't be allowed.

As for the price, 103 Neptune appears to be the same plan and it sold for $730k on 3/18. 
It's possible they'll get $730k, maybe a little less?  Irvine had about 370 properties for sale when that property closed on 3/18.  Today, Irvine's at 702 active. And aren't these 4 story condos?  These homeowners must be in great shape! I could never live in 4 stories, no thanks!
Click to expand...
Then his remark isn't related to the subject... "Newer Irvine listings with crazy WTF asking prices from equity sellers"  ::)  But then again people rarely stick to what the OP really ask in the subject line anyways in this forum  ::)
Click to expand...

What if they don't have cars and only use Uber/Lyft? Their garage has the big screen, workout plan boards and also various bikes. Don't skip that sandbag as well. They must be really fitster (fit and hipster - I just made that up). They didn't see a problem living in a 4 story home since that's also quite a bit of workout itself. So they might not be violating the HOA CC&R or whatever the crap you wanna get legalistic about. Besides, if you park your cars in your garage, there shouldn't be a problem for your parking situation, right?  ;D

Alright, in all seriousness, I wouldn't spend above $700k for a home in that location, but hey, it's Irvine. Gotta love that premium, baby!

 
marmott said:
Roger said:
marmott said:
Price is maybe a bit high for this house:https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
Click to expand...
How is this wtf price for 362/sq ft? ::)
Click to expand...

I still think it's  little pricey for this kind of condo, you effectively live on the third and fourth floor with the garage on the first floor. The street parking is also very bad in this development, I guess it's not helped by people not using their garage.

I used to live on that street.
Click to expand...
Did not know it is a 4 floor condo.  Then I can't disagree the price is a bit high for that kind of floor plan.  ;D
 
Roger said:
marmott said:
Roger said:
marmott said:
Price is maybe a bit high for this house:https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
Click to expand...
How is this wtf price for 362/sq ft? ::)
Click to expand...

I still think it's  little pricey for this kind of condo, you effectively live on the third and fourth floor with the garage on the first floor. The street parking is also very bad in this development, I guess it's not helped by people not using their garage.

I used to live on that street.
Click to expand...
Did not know it is a 4 floor condo.  Then I can't disagree the price is a bit high for that kind of floor plan.  ;D
Click to expand...

The living spaces are 2 stories, but you have to first climb up 2 stories of stairs after you park your cars or entering the front door. So technically a 2-story home, but a 4-story total. Man, do they even make a single story home anymore besides Travata?


 
Mety said:
Roger said:
marmott said:
Roger said:
marmott said:
Price is maybe a bit high for this house:https://www.redfin.com/CA/Irvine/119-Plateau-92618/home/160453680

But the big WTF is how they are using their garage (Pic 13 & 14)  ;D
Click to expand...
How is this wtf price for 362/sq ft? ::)
Click to expand...

I still think it's  little pricey for this kind of condo, you effectively live on the third and fourth floor with the garage on the first floor. The street parking is also very bad in this development, I guess it's not helped by people not using their garage.

I used to live on that street.
Click to expand...
Did not know it is a 4 floor condo.  Then I can't disagree the price is a bit high for that kind of floor plan.  ;D
Click to expand...

The living spaces are 2 stories, but you have to first climb up 2 stories of stairs after you park your cars or entering the front door. So technically a 2-story home, but a 4-story total. Man, do they even make a single story home anymore besides Travata?
Click to expand...

I agree too many stairs and levels to negotiate. PITA to bring heavy groceries home. This is a home for healthy young folks with good backs and no kids. The garage is also tandem which only adds to the misery.
 
USCTrojanCPA said:
Love the lot size and view of this Hidden Canyon home but they won't get anywhere near $900/sf in this market...
https://www.redfin.com/CA/Irvine/126-Scenic-Crst-92603/home/148435057

The seller bought it for $3,595,000 at the end of Feb 2018 and wants to make a profit of $1m without even having landscaping done?  Uhhh yeah, not gonna happen!
Click to expand...

Agree. Nice lot and view.  That kitchen needs some open shelving... so much brown. I wonder if any home builders currently offer that option for the kitchen.
 
bones said:
USCTrojanCPA said:
Love the lot size and view of this Hidden Canyon home but they won't get anywhere near $900/sf in this market...
https://www.redfin.com/CA/Irvine/126-Scenic-Crst-92603/home/148435057

The seller bought it for $3,595,000 at the end of Feb 2018 and wants to make a profit of $1m without even having landscaping done?  Uhhh yeah, not gonna happen!
Click to expand...

Agree. Nice lot and view.  That kitchen needs some open shelving... so much brown. I wonder if any home builders currently offer that option for the kitchen.
Click to expand...

Personally, I think the best colored cabinets are white....they are timeless and will never go out of style.
 
USCTrojanCPA said:
bones said:
USCTrojanCPA said:
Love the lot size and view of this Hidden Canyon home but they won't get anywhere near $900/sf in this market...
https://www.redfin.com/CA/Irvine/126-Scenic-Crst-92603/home/148435057

The seller bought it for $3,595,000 at the end of Feb 2018 and wants to make a profit of $1m without even having landscaping done?  Uhhh yeah, not gonna happen!
Click to expand...

Agree. Nice lot and view.  That kitchen needs some open shelving... so much brown. I wonder if any home builders currently offer that option for the kitchen.
Click to expand...

Personally, I think the best colored cabinets are white....they are timeless and will never go out of style.
Click to expand...

Someone told me toll doesn?t offer white cabinets. It?s an upgrade but not sure if that?s only for the sub $2m homes.
 
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