Thoughts about this stonegate SFR

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Irvinehomeseeker

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The house below shows as listed on redfin for 150 days. Given the market today, thats a long while. Any reason why its on market so long?https://www.redfin.com/CA/Irvine/111-Beechmont-92620/home/51682302


 
Man I regret selling my Mendocino home few years ago=(.  Who would have thought they will be hitting $1.5 million.
 
It was listed $1.35M back in February and went into escrow pretty quickly and fell out in a few days. Property then went on Hold status until this week and "relisted" at $1.5M. MLS counts it only as 15 days on market since it was on Hold but Redfin is counting all the days since the original listing.
 
Goriot said:
Man I regret selling my Mendocino home few years ago=(.  Who would have thought they will be hitting $1.5 million.
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I regret I didn?t bought your Mendocino home. :)  That house has one of the best location within Mendocino tract.
 
lnc said:
Goriot said:
Man I regret selling my Mendocino home few years ago=(.  Who would have thought they will be hitting $1.5 million.
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I regret I didn?t bought your Mendocino home. :)  That house has one of the best location within Mendocino tract.
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Haha.  Yup.  It was a great location.  Park/no house on the back, 3 minute walk to the school/park.  Stonegate was so barebone back then.  Now after trees have grown, it's so much nicer with lush landcape and easy access to the Jeffrey trail. 
 
Cares said:
It was listed $1.35M back in February and went into escrow pretty quickly and fell out in a few days. Property then went on Hold status until this week and "relisted" at $1.5M. MLS counts it only as 15 days on market since it was on Hold but Redfin is counting all the days since the original listing.
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The Seller probably took below comps to price it at $1.5mm.  With so little competition, it will probably sell close to it.
https://www.redfin.com/CA/Irvine/74-Kimbal-92620/home/58556483https://www.redfin.com/CA/Irvine/57-Parkdale-92620/home/58556527https://www.redfin.com/CA/Irvine/60-Parkdale-92620/home/58556535
 
trematix said:
is price per sq ft lower in stonegate than Great Park or comparable or even more?
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As a generalization, GP sells less $/sqft to other comparable homes in Irvine. I think location and also high MR lowers the market value.
 
USCTrojanCPA said:
I saw the home with a buyer, it was not upgraded and the yard was very plain plus it was on a flag lot.
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Flag lot doesn't look terrible and I can see the tract having more such layouts. But I guess ppl don't like it so much.
 
Irvinehomeseeker said:
USCTrojanCPA said:
I saw the home with a buyer, it was not upgraded and the yard was very plain plus it was on a flag lot.
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Flag lot doesn't look terrible and I can see the tract having more such layouts. But I guess ppl don't like it so much.
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Perfect to put a basketball hoop on and let your kids play on. So there are certainly pros to the flag lot - although the garage situation is a bit more annoying. 
 
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