Newer Irvine listings with crazy WTF asking prices from equity sellers

Certain demographics do this kind of thing.

Cares said:
akula1488 said:
Soylent Green Is People said:
Closing price (2019) was $4,050,000. No photos of the back yard to see if landscaping has been done. Nearest closed comparable (164 Leafy) went for $4,800,000. This $6m list will not appraise - but I doubt it matters.

My .02c
Click to expand...

Just need to look at the listing agent name and that's all you need to know.
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I'm not sure what your comment means.
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My last run in with real estate fraud were some West African healthcare providers trying to buy using an occupancy fraud scheme.

The only color grift comes in is green

If all Realtors were required to file Star's (Suspicious Activity Reports) as Bankers do when encountering large cash down payments, most markets would collapse in a month. The Canadian Government tried this practice a few years back (an interesting read here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3247127) and are considering additional methods to slow non-citizen speculation in real estate markets (https://globalnews.ca/news/7495490/canada-foreign-buyers-tax-affordable-housing/) Imagine this coming to the US as a way to create "affordable" housing...

My .02c
 
akula1488 said:
Certain demographics do this kind of thing.

Cares said:
akula1488 said:
Soylent Green Is People said:
Closing price (2019) was $4,050,000. No photos of the back yard to see if landscaping has been done. Nearest closed comparable (164 Leafy) went for $4,800,000. This $6m list will not appraise - but I doubt it matters.

My .02c
Click to expand...

Just need to look at the listing agent name and that's all you need to know.
Click to expand...

I'm not sure what your comment means.
Click to expand...
Click to expand...

Still not sure "kind of thing" means. List high? Not show pictures?

With how fast the home went from listing to pending my guess is that this was a pocket listing where the agent is double siding. Homes at this price range and especially overpriced do not move this fast.
 
Chegg said:
https://www.zillow.com/homedetails/65-Rockinghorse-Irvine-CA-92602/328355042_zpid/

$125K price increase, looks like they're going to build the pool based on the changes in the summary.

If this sells at $2.125M, I will be astonished...
Click to expand...

Looks like this house is pending and under contract.  Man.  It's amazing how they can fit a pool on a 3,783 Lot home with a 3,000 square feet interior.

Is that going to be a real pool or huge bathtub/mini pool?=).  Hard to believe it's selling at these prices.
 
Goriot said:
Chegg said:
https://www.zillow.com/homedetails/65-Rockinghorse-Irvine-CA-92602/328355042_zpid/

$125K price increase, looks like they're going to build the pool based on the changes in the summary.

If this sells at $2.125M, I will be astonished...
Click to expand...

Looks like this house is pending and under contract.  Man.  It's amazing how they can fit a pool on a 3,783 Lot home with a 3,000 square feet interior.

Is that going to be a real pool or huge bathtub/mini pool?=).  Hard to believe it's selling at these prices.
Click to expand...

Maybe it'll be just big enough to be a giant foot soak!
 
irviniteeee said:
Goriot said:
Chegg said:
https://www.zillow.com/homedetails/65-Rockinghorse-Irvine-CA-92602/328355042_zpid/

$125K price increase, looks like they're going to build the pool based on the changes in the summary.

If this sells at $2.125M, I will be astonished...
Click to expand...

Looks like this house is pending and under contract.  Man.  It's amazing how they can fit a pool on a 3,783 Lot home with a 3,000 square feet interior.

Is that going to be a real pool or huge bathtub/mini pool?=).  Hard to believe it's selling at these prices.
Click to expand...

Maybe it'll be just big enough to be a giant foot bath!
Click to expand...
 
Goriot said:
Chegg said:
https://www.zillow.com/homedetails/65-Rockinghorse-Irvine-CA-92602/328355042_zpid/

$125K price increase, looks like they're going to build the pool based on the changes in the summary.

If this sells at $2.125M, I will be astonished...
Click to expand...

Looks like this house is pending and under contract.  Man.  It's amazing how they can fit a pool on a 3,783 Lot home with a 3,000 square feet interior.

Is that going to be a real pool or huge bathtub/mini pool?=).  Hard to believe it's selling at these prices.
Click to expand...

They haven't even broken ground on the pool yet, will be interesting to see what this house closes for.  Also wonder the contingencies around the pool build-out.
 
zovall said:
Has any home in Irvine listed for higher than 50m?https://www.redfin.com/CA/Irvine/76-Golden-Eagle-92603/home/5855880
Click to expand...

Surely that has to be an incorrect listing right? I searched the last 1000 days of all listings the there are only 4 listings over $15M.

11 Needle Grass (twice)
76 Golden Eagle (twice) - this property

This property has an active listing for $17.5M that has been on the market for over 2 years from Villa Real Estate.
 
USCTrojanCPA said:
Almost $1.5m for an attached condo with an HOA close to $400/mo?  Ummm, this is highly optimist even in this market.
https://www.redfin.com/CA/Irvine/107-Vermillion-92603/home/5945929
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Hi, first post here. This property was reduced recently and a relative is taking a close look at it just due to sheer lack of inventory in that neighborhood.

It's still almost $1.4m for 1 shared wall and no driveway. What would you guys think is a "fair" value for it? I suppose in this market, that doesn't really matter....but any predictions on what it'll end up going for or what you would offer?
 
rye said:
USCTrojanCPA said:
Almost $1.5m for an attached condo with an HOA close to $400/mo?  Ummm, this is highly optimist even in this market.
https://www.redfin.com/CA/Irvine/107-Vermillion-92603/home/5945929
Click to expand...

Hi, first post here. This property was reduced recently and a relative is taking a close look at it just due to sheer lack of inventory in that neighborhood.

It's still almost $1.4m for 1 shared wall and no driveway. What would you guys think is a "fair" value for it? I suppose in this market, that doesn't really matter....but any predictions on what it'll end up going for or what you would offer?
Click to expand...
My prediction is it will sit in the market for some time unless they lower the pricing as it is already there for 76 days and counting.
 
rye said:
USCTrojanCPA said:
Almost $1.5m for an attached condo with an HOA close to $400/mo?  Ummm, this is highly optimist even in this market.
https://www.redfin.com/CA/Irvine/107-Vermillion-92603/home/5945929
Click to expand...

Hi, first post here. This property was reduced recently and a relative is taking a close look at it just due to sheer lack of inventory in that neighborhood.

It's still almost $1.4m for 1 shared wall and no driveway. What would you guys think is a "fair" value for it? I suppose in this market, that doesn't really matter....but any predictions on what it'll end up going for or what you would offer?
Click to expand...
Looks likehttps://www.redfin.com/CA/Irvine/207-Tuberose-92603/home/5918084is the same floorplan and closed for $1.47m 2 weeks ago.
 
hurijo said:
rye said:
USCTrojanCPA said:
Almost $1.5m for an attached condo with an HOA close to $400/mo?  Ummm, this is highly optimist even in this market.
https://www.redfin.com/CA/Irvine/107-Vermillion-92603/home/5945929
Click to expand...

Hi, first post here. This property was reduced recently and a relative is taking a close look at it just due to sheer lack of inventory in that neighborhood.

It's still almost $1.4m for 1 shared wall and no driveway. What would you guys think is a "fair" value for it? I suppose in this market, that doesn't really matter....but any predictions on what it'll end up going for or what you would offer?
Click to expand...
Looks likehttps://www.redfin.com/CA/Irvine/207-Tuberose-92603/home/5918084is the same floorplan and closed for $1.47m 2 weeks ago.
Click to expand...

Nothing shocks me anymore, but that closing price was very surprising given that it was an attached condo.
 
Cares said:
zovall said:
Has any home in Irvine listed for higher than 50m?https://www.redfin.com/CA/Irvine/76-Golden-Eagle-92603/home/5855880
Click to expand...

Surely that has to be an incorrect listing right? I searched the last 1000 days of all listings the there are only 4 listings over $15M.

11 Needle Grass (twice)
76 Golden Eagle (twice) - this property

This property has an active listing for $17.5M that has been on the market for over 2 years from Villa Real Estate.
Click to expand...
https://finance.yahoo.com/news/cosmetics-mogul-wants-record-50-130027040.html
 
Maserson said:
Cares said:
zovall said:
Has any home in Irvine listed for higher than 50m?https://www.redfin.com/CA/Irvine/76-Golden-Eagle-92603/home/5855880
Click to expand...

Surely that has to be an incorrect listing right? I searched the last 1000 days of all listings the there are only 4 listings over $15M.

11 Needle Grass (twice)
76 Golden Eagle (twice) - this property

This property has an active listing for $17.5M that has been on the market for over 2 years from Villa Real Estate.
Click to expand...
https://finance.yahoo.com/news/cosmetics-mogul-wants-record-50-130027040.html
Click to expand...

No way that home sells for anything close to $50m.
 
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