vsfan
Active member
Did builder provide points buy down? Some of them have 4% for the first few years.
Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
$2m on an IO loan at 8.0% is about $13,300 each month.
If you close in September and have a November 1st payment, you might make that one, and a December payment before the next "bigger fool" closes on their deal - a $26-$28k risk cost.
I imagine they'll scrape the lot and building something new similar to the neighbor at 18731 Via Palatino. What's the total cost of construction in Irvine these days? $400/sqft? Put something there with 4,500 sqft and the buyer is in for about $5.5M. Tough to see a profit if the plan is to sell as a spec build. Should be a nice house to live in if that's the plan and money isn't an issue. Congrats to the buyer's agent, Ms. Chu.
No clue. My agent told me that. I don't have any idea how he found out.
GrowthStateofMind
Member
Wondering if FCBs used TD Bank for their money laundering…
apnews.com
TD Bank to pay $3 billion in historic money-laundering settlement with the Justice Department
TD Bank will pay $3 billion in a settlement with U.S. authorities who say the financial institution’s lax practices allowed significant money laundering.
apnews.com
CalBears96
Well-known member
Cal Pac did for Azul (2/1 points buy down), but Shea did not do that for Cielo and neither did The New Home Company for Olivewood.
sgip
Well-known member
Yes, and no.
$2m on an IO loan at 8.0% is about $13,300 each month.
If you close in September and have a November 1st payment, you might make that one, and a December payment before the next "bigger fool" closes on their deal - a $26-$28k risk cost.
someguy
Well-known member
Pretty incredible. I can't find any pictures of the inside. It's a 1/3rd acre lot with a view towards the west in Turtle Rock walking distance from a top elementary and high school. That's approaching unicorn rarity.
I imagine they'll scrape the lot and building something new similar to the neighbor at 18731 Via Palatino. What's the total cost of construction in Irvine these days? $400/sqft? Put something there with 4,500 sqft and the buyer is in for about $5.5M. Tough to see a profit if the plan is to sell as a spec build. Should be a nice house to live in if that's the plan and money isn't an issue. Congrats to the buyer's agent, Ms. Chu.
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Not Irvine but wow, this Port Street house sold for $4.25M ($550k over asking) - $2480/sq ft. Agent represented both buyer and seller
Single level, level lot, big yard - that’s as prime as Port Streets get. Very few single levels left there