Newer Irvine listings with crazy WTF asking prices from equity sellers

[usctrojancpa]

I know that the market is hot and that the yard is really nice, but over $700/sf?  I dunno...
https://www.redfin.com/CA/Irvine/2-Iris-92620/home/5770069

 

[irvinebullhousing]

Yes, prices and getting extreme. Rightfully so, with inventory so low.

But what will it takes to normalize and a get back to balance inventory and pricing? When the uncle SAM and government stop kicking the can down the road.

Not that people doesn't need the help of this stimi, pricing discovery is out of whack, the bubble resisted and pushing higher. It can well be going higher next year, the check and balance from lenders has to be even more vigilant.

 

[irviniteeee]

I know that the market is hot and that the yard is really nice, but over $700/sf?  I dunno...
https://www.redfin.com/CA/Irvine/2-Iris-92620/home/5770069

I honestly thought the house was nice and have always liked Northwood Pointe, but that price is just...yikes.

 

[Dr. CA Real Estate]

https://www.zillow.com/homedetails/59-Owl-Ln-Irvine-CA-92618/295533259_zpid/

If you were going to upgrade the home like this you really had to go with an Estrella.

 

[sleepy5136]

https://www.zillow.com/homedetails/59-Owl-Ln-Irvine-CA-92618/295533259_zpid/

If you were going to upgrade the home like this you really had to go with an Estrella.

something looks off. the home sold for 10m in 2018 and then sold for 2.7m in 2019? So one of the owners took a 74% loss which seems ridiculous.

 

[Dr. CA Real Estate]

https://www.zillow.com/homedetails/59-Owl-Ln-Irvine-CA-92618/295533259_zpid/

If you were going to upgrade the home like this you really had to go with an Estrella.

something looks off. the home sold for 10m in 2018 and then sold for 2.7m in 2019? So one of the owners took a 74% loss which seems ridiculous.

10m is the cash portion 5point sold that parcel to Toll brothers for.

 

[irviniteeee]

Hahahahahahahahhahaahaha
https://www.redfin.com/CA/Irvine/246-Oceano-92620/home/167378918

 

[talkirvine]

Hahahahahahahahhahaahaha
https://www.redfin.com/CA/Irvine/246-Oceano-92620/home/167378918

The premium is must for the view...

 

[Seeding]

Hahahahahahahahhahaahaha
https://www.redfin.com/CA/Irvine/246-Oceano-92620/home/167378918

The premium is must for the view...

Or premium to have All American Asphalt as your neighbor LOL

 

[usctrojancpa]

Hahahahahahahahhahaahaha
https://www.redfin.com/CA/Irvine/246-Oceano-92620/home/167378918

The listing agent is the seller who bought for around $1.9m in 2018.  You'll enjoy this part in the agent remarks (not public information) justifying the asking price...

"Plan 3 Terra Model currently in escrow for $3.576 million due to close in June 2021. Please see attached supplement. Plan 2 Terra model, 2853 sq ft, is currently pending at $3.221 million."

Nope sorry Nick, the Terra model has a larger lot with a pool and a better view and fully furnished. 

 

[sleepy5136]

Hahahahahahahahhahaahaha
https://www.redfin.com/CA/Irvine/246-Oceano-92620/home/167378918

The listing agent is the seller who bought for around $1.9m in 2018.  You'll enjoy this part in the agent remarks (not public information) justifying the asking price...

"Plan 3 Terra Model currently in escrow for $3.576 million due to close in June 2021. Please see attached supplement. Plan 2 Terra model, 2853 sq ft, is currently pending at $3.221 million."

Nope sorry Nick, the Terra model has a larger lot with a pool and a better view and fully furnished.

how do you know who bought the property? does the public have access to that information?

 

[usctrojancpa]

Hahahahahahahahhahaahaha
https://www.redfin.com/CA/Irvine/246-Oceano-92620/home/167378918

The listing agent is the seller who bought for around $1.9m in 2018.  You'll enjoy this part in the agent remarks (not public information) justifying the asking price...

"Plan 3 Terra Model currently in escrow for $3.576 million due to close in June 2021. Please see attached supplement. Plan 2 Terra model, 2853 sq ft, is currently pending at $3.221 million."

Nope sorry Nick, the Terra model has a larger lot with a pool and a better view and fully furnished.

how do you know who bought the property? does the public have access to that information?

I looked in the title records in my MLS.

 

[Dr. CA Real Estate]

Hahahahahahahahhahaahaha
https://www.redfin.com/CA/Irvine/246-Oceano-92620/home/167378918

The listing agent is the seller who bought for around $1.9m in 2018.  You'll enjoy this part in the agent remarks (not public information) justifying the asking price...

"Plan 3 Terra Model currently in escrow for $3.576 million due to close in June 2021. Please see attached supplement. Plan 2 Terra model, 2853 sq ft, is currently pending at $3.221 million."

Nope sorry Nick, the Terra model has a larger lot with a pool and a better view and fully furnished.

how do you know who bought the property? does the public have access to that information?

Harder for general public to get the info but yes they can as well.

 

[sleepy5136]

Hahahahahahahahhahaahaha
https://www.redfin.com/CA/Irvine/246-Oceano-92620/home/167378918

The listing agent is the seller who bought for around $1.9m in 2018.  You'll enjoy this part in the agent remarks (not public information) justifying the asking price...

"Plan 3 Terra Model currently in escrow for $3.576 million due to close in June 2021. Please see attached supplement. Plan 2 Terra model, 2853 sq ft, is currently pending at $3.221 million."

Nope sorry Nick, the Terra model has a larger lot with a pool and a better view and fully furnished.

how do you know who bought the property? does the public have access to that information?

Harder for general public to get the info but yes they can as well.

What are alternatives?

 

[usctrojancpa]

Hahahahahahahahhahaahaha
https://www.redfin.com/CA/Irvine/246-Oceano-92620/home/167378918

The listing agent is the seller who bought for around $1.9m in 2018.  You'll enjoy this part in the agent remarks (not public information) justifying the asking price...

"Plan 3 Terra Model currently in escrow for $3.576 million due to close in June 2021. Please see attached supplement. Plan 2 Terra model, 2853 sq ft, is currently pending at $3.221 million."

Nope sorry Nick, the Terra model has a larger lot with a pool and a better view and fully furnished.

how do you know who bought the property? does the public have access to that information?

Harder for general public to get the info but yes they can as well.

What are alternatives?

County Record's Office has the information or any title rep can get you that information.

 

[jyeh74]

Holy heck.  I know OH3 prices are high but you can get this for the same price.

https://www.redfin.com/CA/Irvine/114-Clear-Fls-92602/home/143911336?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

 

[irviniteeee]

Holy heck.  I know OH3 prices are high but you can get this for the same price.

https://www.redfin.com/CA/Irvine/114-Clear-Fls-92602/home/143911336?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Saw that and thought the same thing as well. I'm just really trying to understand what's drawing people to the Reserve once you get up to 2M+. Is it because a lot more homes have views there? The Groves is just so much more appealing to me. You have better home designs and more square footage in the Groves for the price. Maybe somebody has some insight.

 

[Dr. CA Real Estate]

Holy heck.  I know OH3 prices are high but you can get this for the same price.

https://www.redfin.com/CA/Irvine/114-Clear-Fls-92602/home/143911336?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Saw that and thought the same thing as well. I'm just really trying to understand what's drawing people to the Reserve once you get up to 2M+. Is it because a lot more homes have views there? The Groves is just so much more appealing to me. You have better home designs and more square footage in the Groves for the price. Maybe somebody has some insight.

IP marketing

 

[trematix]

Holy heck.  I know OH3 prices are high but you can get this for the same price.

https://www.redfin.com/CA/Irvine/114-Clear-Fls-92602/home/143911336?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Saw that and thought the same thing as well. I'm just really trying to understand what's drawing people to the Reserve once you get up to 2M+. Is it because a lot more homes have views there? The Groves is just so much more appealing to me. You have better home designs and more square footage in the Groves for the price. Maybe somebody has some insight.

IP marketing

Also the school district. People put a value on that. Reserve is IUSD. Groves is zoned to TUSD

 

[newOC]

Holy heck.  I know OH3 prices are high but you can get this for the same price.

https://www.redfin.com/CA/Irvine/114-Clear-Fls-92602/home/143911336?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link

Saw that and thought the same thing as well. I'm just really trying to understand what's drawing people to the Reserve once you get up to 2M+. Is it because a lot more homes have views there? The Groves is just so much more appealing to me. You have better home designs and more square footage in the Groves for the price. Maybe somebody has some insight.

IP marketing

Also the school district. People put a value on that. Reserve is IUSD. Groves is zoned to TUSD

And that Irvine marketing tricks some people into thinking there?s a difference. Beckman high is as good as any iusd school. In fact it?s in Irvine LOL