The only decent private option in OC is Sage Hill and for $60K it’s nowhere near well connected as a Pasadena Polytechnic or Harvard Westlake or even Chadwick in PV. Better off at Uni.
Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
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NEW -> Contingent Buyer Assistance Program
True but they'll use the similar price per SF to price their single loaded view lot homes. I fully expect prices of 1,500sf+ for those lots.
www.zillow.com
www.zillow.com
First one may not be new, but the other two are practically new build and MUCH MUCH bigger lots. 111 Orbit is also bigger house, being a Plan 3.
sleepy5136
Well-known member
I’m not saying it doesn’t. But who the hell cares about that if you’re paying 10m for a home. Take them to private and call it a day
momopi
Well-known member
Here in Cerritos area the desirable private school is Valley Christian:
Tuition ranges from $10,770 at 1st grade to $17,620 at 12th grade:
So let's say hypothetically we ignore Cerritos high/Whitney in ABC school district, and you choose to send your child to Valley Christian (VCS).
If you only have 1 child, it'd be cheaper to buy a $1 million SFR near VCS and send your kid there, versus Irvine.
But if you have 3 kids, then the cost of buying a $1.5 to $1.6 mil SFR in Irvine (or Tustin) and sending your kids to IUSD/TUSD would probably be about the same versus VCS option in Cerritos.
Are Irvine schools comparable to VCS or other private schools in quality? I don't know.
Tuition ranges from $10,770 at 1st grade to $17,620 at 12th grade:
So let's say hypothetically we ignore Cerritos high/Whitney in ABC school district, and you choose to send your child to Valley Christian (VCS).
If you only have 1 child, it'd be cheaper to buy a $1 million SFR near VCS and send your kid there, versus Irvine.
But if you have 3 kids, then the cost of buying a $1.5 to $1.6 mil SFR in Irvine (or Tustin) and sending your kids to IUSD/TUSD would probably be about the same versus VCS option in Cerritos.
Are Irvine schools comparable to VCS or other private schools in quality? I don't know.
I know this isn't Irvine but this home was sold in March and flipped again this month...in escrow after 21 days on the market. Nobody moved in when it sold in March. Same realtor both times...
www.zillow.com
4113 Haley Ln, Yorba Linda, CA 92886 | Zillow
4113 Haley Ln, Yorba Linda CA, is a Single Family home that contains 6504 sq ft and was built in 2020.It contains 5 bedrooms and 6 bathrooms.This home last sold for $5,100,000 in March 2024. The Zestimate for this Single Family is $5,150,000, which has decreased by $331,119 in the last 30...
www.zillow.com
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irviniteeee
Active member
Is YL even tracking at selling for this much per sq ft recently or is this price purely to test the waters?I know this isn't Irvine but this home was sold in March and flipped again this month...in escrow after 21 days on the market. Nobody moved in when it sold in March. Same realtor both times...
4113 Haley Ln, Yorba Linda, CA 92886 | Zillow
4113 Haley Ln, Yorba Linda CA, is a Single Family home that contains 6504 sq ft and was built in 2020.It contains 5 bedrooms and 6 bathrooms.This home last sold for $5,100,000 in March 2024. The Zestimate for this Single Family is $5,150,000, which has decreased by $331,119 in the last 30...
usctrojancpa
Well-known member
True but they'll use the similar price per SF to price their single loaded view lot homes. I fully expect prices of 1,500sf+ for those lots.
CalBears96
Well-known member
I pointed that out. They'll be using $1400-$1600/sf, which comes out to about $7.5M to $8M. There's no way they can do close to a $10M comp, though.
New WTF Olivewood resale in Portola Springs with barely any backyard, LOL! 
www.zillow.com
315 Brimwood, Irvine, CA 92618 | Zillow
315 Brimwood, Irvine CA, is a Single Family home that contains 3220 sq ft and was built in 2024.It contains 4 bedrooms and 5 bathrooms.This home last sold for $3,380,000 in October 2024. The Zestimate for this Single Family is $3,381,400, which has increased by $3,381,400 in the last 30 days.
www.zillow.com
vsfan
Active member
Looks like reasonably priced as a new build - likely to be sold quick…New WTF Olivewood resale in Portola Springs with barely any backyard, LOL!
315 Brimwood, Irvine, CA 92618 | Zillow
315 Brimwood, Irvine CA, is a Single Family home that contains 3220 sq ft and was built in 2024.It contains 4 bedrooms and 5 bathrooms.This home last sold for $3,380,000 in October 2024. The Zestimate for this Single Family is $3,381,400, which has increased by $3,381,400 in the last 30 days.
CalBears96
Well-known member
Surely, you kid.
118 Sunnyslope, Irvine, CA 92618 | Zillow
This 3225 square feet Single Family home has 4 bedrooms and 5 bathrooms. It is located at 118 Sunnyslope, Irvine, CA.
www.zillow.com
111 Orbit, Irvine, CA 92618 | MLS #OC24199435 | Zillow
This 3473 square feet Single Family home has 4 bedrooms and 5 bathrooms. It is located at 111 Orbit, Irvine, CA.
www.zillow.com
First one may not be new, but the other two are practically new build and MUCH MUCH bigger lots. 111 Orbit is also bigger house, being a Plan 3.
CalBears96
Well-known member
Also, if we're talking about completely new construction, Shea just released phase 14 and their Plan 1:
Lot 86 (138 Drumbeat), 3225 sf home on a 6109 sf lot: $3,254,100.
We're talking about roughly same size home (except Cielo Plan 1 has high ceiling on top of that), but 6109 sf lot vs 3825 sf lot, for $130k less.
Lot 86 (138 Drumbeat), 3225 sf home on a 6109 sf lot: $3,254,100.
We're talking about roughly same size home (except Cielo Plan 1 has high ceiling on top of that), but 6109 sf lot vs 3825 sf lot, for $130k less.
sgip
Well-known member
One seller has a new build Brock home in Lake Forest, so this Irvine buy was simply a speculative flip.
One seller is a real estate investor out of LA, so yeah, this also is a speculative flip.
The Hyperion seller must of had their nephew or niece run a CGI version of the home out of a Minecraft emulation system. That has to be the worst CGI I've ever seen for a new homeflip sale. Ooof.
I feel sorry for all of the owner occupied buyers who tried to purchase and really make this their dream house but were shut out by speculators. Perhaps they can absorb the extra $$$ these sellers built into their flip price. On the bright side, at least rates are a bit lower taking the sting out of it, however these may be bought again by people looking to park their cash and wait until 2026 to spin their money out, all clean and new.
One seller is a real estate investor out of LA, so yeah, this also is a speculative flip.
The Hyperion seller must of had their nephew or niece run a CGI version of the home out of a Minecraft emulation system. That has to be the worst CGI I've ever seen for a new home
I feel sorry for all of the owner occupied buyers who tried to purchase and really make this their dream house but were shut out by speculators. Perhaps they can absorb the extra $$$ these sellers built into their flip price. On the bright side, at least rates are a bit lower taking the sting out of it, however these may be bought again by people looking to park their cash and wait until 2026 to spin their money out, all clean and new.
sleepy5136
Well-known member
Buying a 3M+ cookie cutter home is a questionable thing to do. There are better options if you're going to spend 3M+. You can literally buy a piece of land in Hawaii for 1-1.5m and do a custom build with 3M+ easily
irviniteeee
Active member
And the wall is super high...looks like a prison. Also, this is the second resale home up there I've seen with white painted concrete yard walls. Is that allowed?New WTF Olivewood resale in Portola Springs with barely any backyard, LOL!
315 Brimwood, Irvine, CA 92618 | Zillow
315 Brimwood, Irvine CA, is a Single Family home that contains 3220 sq ft and was built in 2024.It contains 4 bedrooms and 5 bathrooms.This home last sold for $3,380,000 in October 2024. The Zestimate for this Single Family is $3,381,400, which has increased by $3,381,400 in the last 30 days.
irviniteeee
Active member
Imagine being SOL on the priority list when trying to get your future home only to see it listed on the MLS because a flipper/investor/etc bought it.
sgip
Well-known member
For some of these new build flips, you could get a monster property like this with a much lower tax base.
I am one of those people you mention. I made a very reasonable offer on one of those properties where they would still make some money but they don’t budge on their insane prices. I guess they are willing to bet on spring time. But I think times have changed. These are now multi-million dolar properties.
By the way how do you access that information? Is there such public data or you were being satirical? I looked up OC tax assessor and these addresses are so new, they don’t even show up as a valid address.