Newer Irvine listings with crazy WTF asking prices from equity sellers

[bkimxmd]

Missed out on what? MR?

I enjoy using the facilities and paying $0. Thanks to you and the Irvine community for sponsoring it.

I see that you still don't know what MR is used for. I doubt that you're allowed to send your kids to IUSD.

If you're referring GP, then you should be thanking GP residents, not EW, not PS, not OH, not SG, etc.

Actually I?m not referring to GP. I?m referring to all of Irvine actually. Those parks/trails are great places to relax on a sunny day in California.  I would like to thank you and the Irvine tax payers for providing these for public use at no cost to me.

Also, I see that you are not doing research before making assumptions. You are allowed to send kids to IUSD from Saddle back unified based on availability. Please do your research next time before making incorrect assumptions

You missed out on a great investment that is appreciated $400 psf.  You are butt hurt Sleepy. Just admit it and move on

I'm actually not, but if it makes you happy to believe that...sure...

Passive Income > Primary Residence.

Dont want to get in conversation between you 2 but your comical response sounds just like this:

TestingIrvine: Sleepy5136: are you stupid?
Sleepy5136: No I am not because i know 1+2 = 4
;D

Lol

 

[Kenkoko]

Dont want to get in conversation between you 2 but your comical response sounds just like this:

TestingIrvine: Sleepy5136: are you stupid?
Sleepy5136: No I am not because i know 1+2 = 4
;D

And here comes the overeager soccer mom playing referee.

The rest of us just got popcorns, ready to watch the show

 

[JadedOne]

Darn, I used to look forward to the posts in this thread. I hope someone can bring us back on topic with a good, overpriced home listing!

 

[TestingIrvine]

JadedOne:
Here you go

https://www.redfin.com/CA/Irvine/50-Norwich-92620/home/45383197?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

Re-listed at higher price. Crazy.

 

[irvinebullhousing]

I know rental market is hot, but this is a bit absurd.

Going forward we will probably see more rental with WTF price.


3 Story, attached home, deposit 17+ K. Only 8000 per month.

https://www.zillow.com/homedetails/107-Spiral-Irvine-CA-92618/305499284_zpid/

 

[The Motor Court Company]

At least no one is biting and they are lowering the price over time to find a renter.

But we can do a rent and mortgage analysis; assuming buying this would cost 1.7 million, with 20% down and 3.5% 30 year fixed mortgage, the monthly cost with HOA/Property Tax/Insurance is around $8k as well.

I know rental market is hot, but this is a bit absurd.

Going forward we will probably see more rental with WTF price.


3 Story, attached home, deposit 17+ K. Only 8000 per month.

https://www.zillow.com/homedetails/107-Spiral-Irvine-CA-92618/305499284_zpid/

 

[irvinebullhousing]

At least no one is biting and they are lowering the price over time to find a renter.

But we can do a rent and mortgage analysis; assuming buying this would cost 1.7 million, with 20% down and 3.5% 30 year fixed mortgage, the monthly cost with HOA/Property Tax/Insurance is around $8k as well.

I know rental market is hot, but this is a bit absurd.

Going forward we will probably see more rental with WTF price.


3 Story, attached home, deposit 17+ K. Only 8000 per month.

https://www.zillow.com/homedetails/107-Spiral-Irvine-CA-92618/305499284_zpid/

This is a little high at 1.7. It was purchased for 1.2Mil about a year ago. This goes to show how low supply will do to pricing.

 

[believeornot]

This one seems very under priced for today, any idea why?
https://www.redfin.com/CA/Irvine/5732-Sierra-Casa-Rd-92603/home/4740176

 

[The Motor Court Company]

sold at 1.22M on Nov, 2019? so 2.3 years ago, 1.7M is not out of question in todays market.

At least no one is biting and they are lowering the price over time to find a renter.

But we can do a rent and mortgage analysis; assuming buying this would cost 1.7 million, with 20% down and 3.5% 30 year fixed mortgage, the monthly cost with HOA/Property Tax/Insurance is around $8k as well.

I know rental market is hot, but this is a bit absurd.

Going forward we will probably see more rental with WTF price.


3 Story, attached home, deposit 17+ K. Only 8000 per month.

https://www.zillow.com/homedetails/107-Spiral-Irvine-CA-92618/305499284_zpid/

This is a little high at 1.7. It was purchased for 1.2Mil about a year ago. This goes to show how low supply will do to pricing.

 

[AccidentalAnalytics]

I suspect it will go over ask in this market

sold at 1.22M on Nov, 2019? so 2.3 years ago, 1.7M is not out of question in todays market.

At least no one is biting and they are lowering the price over time to find a renter.

But we can do a rent and mortgage analysis; assuming buying this would cost 1.7 million, with 20% down and 3.5% 30 year fixed mortgage, the monthly cost with HOA/Property Tax/Insurance is around $8k as well.

I know rental market is hot, but this is a bit absurd.

Going forward we will probably see more rental with WTF price.


3 Story, attached home, deposit 17+ K. Only 8000 per month.

https://www.zillow.com/homedetails/107-Spiral-Irvine-CA-92618/305499284_zpid/

This is a little high at 1.7. It was purchased for 1.2Mil about a year ago. This goes to show how low supply will do to pricing.

 

[Ready2Downsize]

I think I may have drove by this home a few months ago (made a wrong turn and ended up in the neighborhood). I don't know how they managed to get this three story monstrosity thru the HOA.

It sits on a turn from one neighborhood street to another with some two story homes and a whole lot of one story homes. The two stories fit in and might even be remodeled one stories).

Use google maps to see the street view.

Been on the market 238 days.......... Turtle Rock in Irvine a little over $500 per sq foot and 238 days. That says stay away or low ball it!

I bet the neighbors HATE that house.

 

[irviniteeee]

This one seems very under priced for today, any idea why?
https://www.redfin.com/CA/Irvine/5732-Sierra-Casa-Rd-92603/home/4740176

Because this house is very?. Interesting. It?s a very specific styled house that doesn?t go with the rest of the neighborhood at all. You can see the back driving along Shady Canyon drive. It?s just a bit too specifically styled in my opinion.

 

[Danimal]

This one was sold $620k over list price. Bidding war is real 

https://www.redfin.com/CA/Irvine/108-Meander-92620/home/110016824?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

 

[sleepy5136]

This one was sold $620k over list price. Bidding war is real 

https://www.redfin.com/CA/Irvine/108-Meander-92620/home/110016824?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet

I believe this was the one where people were saying it was significantly underpriced?

 

[aquabliss]

This one seems very under priced for today, any idea why?
https://www.redfin.com/CA/Irvine/5732-Sierra-Casa-Rd-92603/home/4740176

Because this house is very?. Interesting. It?s a very specific styled house that doesn?t go with the rest of the neighborhood at all. You can see the back driving along Shady Canyon drive. It?s just a bit too specifically styled in my opinion.

Went pending last night, I guess we'll find out soon enough.

 

[sgip]

The listing history is interesting - back and forth, in and out of contract, starting at a much higher price than where it is today. Either it's a chronic property issue, or a bonkers seller to drive this kind of action. As said before - I guess we'll find out soon enough - why this has gone the many directions it has.

 

[believeornot]

yeah, you guys are right, very different look from the neighbors, rebuilt in 2008.

 

[Ready2Downsize]

yeah, you guys are right, very different look from the neighbors, rebuilt in 2008.

When I accidentally ended up in that neighborhood, I remember thinking, OMG!!!! and I actually made a U turn to get a second look at it. That's how I remembered it.

I don't think there was even a for sale sign on it at the time.

 

[irvinebullhousing]

I've been tracking a few of the listing on our WTF price homes and this one just closed.
https://www.zillow.com/homes/176-Compass-Irvine,-CA-92618_rb/119683206_zpid/

Interesting that it take a bit of time, vs. the quick closed that we've accustome to lately. Nonetheless, bought at 1.4mil in 2015 and sold 2.3 in 2022.

And to my many suprises, most of the WTF price was sold, gone, kaput....So is it really WTF price? From what I see, its not.

 

[Danimal]

I've been tracking a few of the listing on our WTF price homes and this one just closed.
https://www.zillow.com/homes/176-Compass-Irvine,-CA-92618_rb/119683206_zpid/

Interesting that it take a bit of time, vs. the quick closed that we've accustome to lately. Nonetheless, bought at 1.4mil in 2015 and sold 2.3 in 2022.

And to my many suprises, most of the WTF price was sold, gone, kaput....So is it really WTF price? From what I see, its not.

Estimated GP property tax (1.5%) will be $35k .