3-Car Garage Homes

NEW -> Contingent Buyer Assistance Program
Talyssa said:
the buyers could end up SOL.  AND the foreign cash buyers that didn't buy Title insurance get nothing for their trouble. 
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I dont believe this is accurate.  If i remember correctly from my business law days, the buyer is buying from the bank or at the trustee auction (assuming you are buying the first loan) in good faith, meaning there is an assumption that there is a clean title (i.e. the bank selling the property actually owns the property).  So there would be recourse, especially against any bank.  If the bank sells you a home they dont have a right to sell you, you will definitely be suing them to get your money back and you will win.
 
qwerty said:
Talyssa said:
the buyers could end up SOL.  AND the foreign cash buyers that didn't buy Title insurance get nothing for their trouble. 
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I dont believe this is accurate.  If i remember correctly from my business law days, the buyer is buying from the bank or at the trustee auction (assuming you are buying the first loan) in good faith, meaning there is an assumption that there is a clean title (i.e. the bank selling the property actually owns the property).  So there would be recourse, especially against any bank.  If the bank sells you a home they dont have a right to sell you, you will definitely be suing them to get your money back and you will win.
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Spot on.  The bank will be refunding the buyer at the auction if the foreclosure gets overturned.  The only thing that the lender and trustee deed don't protect those buyers from are super liens (delinquent property taxes, state tax liens, and federal tax liens).
 
This one looks interesting. An older home in NW that needs some updating. 5 bedrooms plus bonus room, traditional SFR, and your 3CWG. No MR or HOA fees.

S638691_0.jpg

$819,000
32 COLUMBUS Irvine, CA 92620
BEDS: 5
BATHS: 3
SQ. FT.: 3,230
$/SQ. FT.: $254
LOT SIZE: 5,300 Sq. Ft.
http://www.redfin.com/CA/Irvine/32-Columbus-92620/home/4795122
 
Saw this one... the interior is actually decent considering the age.

The one con I can think offhand is Columbus is an artery street for that 'hood.

Can we repaint the garage door?
 
wow, that's about as Fugly as a house can be.

which architect designed that part above the garage to stick out?

which designer chose that painting scheme?

oof...
 
irvinehomeowner said:
REX is at it again... another auction type listing:

32 Vienne, 5br/3.5ba 2900sft - $699khttp://www.redfin.com/CA/Irvine/32-Vienne-92606/home/4623407
32 VIENNE IN IRVINE IS AN EXCELLENT HOME WITH A MARVELOUS KITCHEN, GIANT BACKYARD WITH BBQ AND POOL. .. MUST SEE HOME. .. OFFERS WILL BE ACCEPTED. .. ON SITE. .. THIS SATURDAY, SEPTEMBER 18th ONLY!! FROM 11AM-4PM. .. RAIN OR SHINE. .. OFFER FORMS WILL BE ON-SITE FROM 11AM-4PM. .. HOME WILL BE SOLD TO THE BEST BUYER/OFFER WHO PLACES AN OFFER THIS SATURDAY ONLY!!. .. .. .. .. .. .. .. .. .. .. .. .THE LIST PRICE IS THE RESERVE OR MINIMUM BID SUBJECT TO THE SELLERS ACCEPTANCE.
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By Saturday, the listing price will probably be some insane number like $399k. They lower it every day to get looks but this has to end up over $1mil.

Really big lot, over 10,000sft, but it backs Harvard and power lines.
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Vienne actually closed at $965k.

The Tustin Ranch homes are all still in escrow... some over 30 days... I wonder what's taking so long.

The slow season has arrived... no newer 3-car SFRs in Irvine under $800k. $700k seems to be the low end for newer 3/2 homes in Irvine also.
 
Checked this open house in Tustin Ranch:

4br+Bonus/2.75, 2665sf $865khttp://www.redfin.com/CA/Tustin/2585-Schooley-Dr-92782/home/4775388

This is my favorite El Dorado floorplan, downstairs br/ba, upstairs huge bonus room, master retreat and upstairs laundry w/ sink. Plus it's the izz-O layout.

They just upgraded the kitchen countertops to granite but the appliances are original white, the carpet is nice but older and there is custom paint throughout. Master bath is still "classic" but at least all the rooms have mirrored wardrobes.

Corner lot unit... and nice backyard.

I wish these would come down to mid-$700k but I doubt that will ever happen or everyone would go 3CWG.
 
Hmm... I thought I had put this listing here... this just closed on 12/1/10:

$8??k, 4/4 2612sf, 6000sft lothttp://www.redfin.com/CA/Tustin/2916-Penman-92782/home/4763736

The reason why I put $8??k for the price is because the MLS history on Redfin doesn't show what the original listing price was since it's original listing got delisted.

We were very interested in this property and went to the open house over a month ago. It was a nice space but instead of a downstairs BR, they had the Super Family Room option. There were some interesting details on the inside, a very ornate entrance around the dining room entry with paneled walls, window casings and other nice touches. It was a bit dated but at least they had paint and even upgraded the countertops mid-listing (it was white tile originally and then they put in the "Sunset Gold" type granite).

The yard was a good size and it was a corner lot but the kicker for us was it backed Portola and was right next to the entry gate so you got a lot of noise there (I guess we have become road noise snobs). The one plus about the location was that it was right across from that newer Lemon/Citrus? park.

The closing price was a bit of a surprise to me, $755k! If not for the location... we would be very interested even if it was a bit more. The other knock I have on that gated area of Columbia-Westmont is that there is no community pool. To me, if you're gonna HOA me for a gate... at least put a pool in there too.

The other TR 3CWG listings still haven't closed (even the huge one on Hayden which went into escrow almost 2 months ago) so this will be interesting to see what they start benchmarking at since this was a fairly large/nice product for mid $700k.
 
people who live behind gates don't want to swim in dirty pool water from other people using it.  they have their own pools.

 
I actually dislike gated communities because:

1. It's like another garage door I have to wait to open.
2. It's an inconvenience for guests.
3. I like dirty pool water from other people.
 
Looks like Timmons closed this week for $760k:
http://www.redfin.com/CA/Tustin/2791-Timmons-92782/home/4774940

I don't know what's going on with Hayden, do any of our resident realtors have some info?

Penman and Timmons going for the mid $700k range seems fair considering they are both near busy streets... especially since Cox went for $793k.

Maybe if I hold out a few more months... but by then interest rates will be 12% based on what the uber-bears are saying.
 
irvinehomeowner said:
Looks like Timmons closed this week for $760k:
http://www.redfin.com/CA/Tustin/2791-Timmons-92782/home/4774940

I don't know what's going on with Hayden, do any of our resident realtors have some info?

Penman and Timmons going for the mid $700k range seems fair considering they are both near busy streets... especially since Cox went for $793k.

Maybe if I hold out a few more months... but by then interest rates will be 12% based on what the uber-bears are saying.
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What do u wanna know about Hayden?
 
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