Ellwood by Richmond American at Beacon Park
- Thread starter ps99472
- Start date
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Odd, if you click on this link, it doesn't reveal the fact that this house actually sold Dec 7, 2016 for 1.025M, or 75K less than what they want for it now, 3 months later. 75 K gain in 3 months???? You've got to be kidding me. Looks unoccupied then and now. I hate real estate specuvestors. Who's going to be the last one caught holding the bag?
You have to type in 154 Mongoose Road, and then Redfin takes you to the previous listing when it sold.
nyc to oc still has a point, this property since built out still has not been occupied and is being flipped between developer to "investor" to whatever. if only richmond took the first offer from eons ago when the original buyer fell out of escrow... (who was a buyer that was interested in occupying the home)
also they got rid of the shiny white tile floors... to put in another shiny floor? the F... (at least the master is wood now)
what's sad is I can see a final homeowner buying this.. and ripping it all up again.
AFIAK this house had a leak problem too during construction, similar to other ellwood homes mentioned in another thread - its too bad because i though the product was great at the time and well priced. we would have scooped up this lot had it not been taken - and may have ended up moving in in fact.
Sold for $990Khttps://www.redfin.com/CA/Irvine/154-Mongoose-92618/home/105533442
Someone took a bath on this. If you include renovation, carrying costs and commissions, $100K loss? Maybe more
you think it's the blocky design? MRs?
So you want me to remove these concrete floors or what???
Yup, but a good bit for the folks that bought in the first few phases.
aquabliss
Well-known member
This 154 address might be a comp killer when all is said and done:https://www.redfin.com/CA/Irvine/154-Mongoose-92618/home/113380929
aquabliss said:
Odd, if you click on this link, it doesn't reveal the fact that this house actually sold Dec 7, 2016 for 1.025M, or 75K less than what they want for it now, 3 months later. 75 K gain in 3 months???? You've got to be kidding me. Looks unoccupied then and now. I hate real estate specuvestors. Who's going to be the last one caught holding the bag?
You have to type in 154 Mongoose Road, and then Redfin takes you to the previous listing when it sold.
Sakred said:
nyc to oc still has a point, this property since built out still has not been occupied and is being flipped between developer to "investor" to whatever. if only richmond took the first offer from eons ago when the original buyer fell out of escrow... (who was a buyer that was interested in occupying the home)
also they got rid of the shiny white tile floors... to put in another shiny floor? the F... (at least the master is wood now)
what's sad is I can see a final homeowner buying this.. and ripping it all up again.
AFIAK this house had a leak problem too during construction, similar to other ellwood homes mentioned in another thread - its too bad because i though the product was great at the time and well priced. we would have scooped up this lot had it not been taken - and may have ended up moving in in fact.
aquabliss said:
Sold for $990Khttps://www.redfin.com/CA/Irvine/154-Mongoose-92618/home/105533442
Someone took a bath on this. If you include renovation, carrying costs and commissions, $100K loss? Maybe more
J
jmoney74
Guest
aquabliss said:
you think it's the blocky design? MRs?
I don't think it's particular to Ellwood. If you look at the resales for the other new builds in the $1mm+, they mostly move pretty slow eventhough the new development was a hot ticket item (i.e. Hidden Canyon, Baker Ranch, OH, SG, and CV products). People sure love that new smell although they don't know how to do interior design at all and make it look like crap afterwards.
J
jmoney74
Guest
Goriot said:
So you want me to remove these concrete floors or what???
usctrojancpa
Well-known member
xyz123 said:
Yup, but a good bit for the folks that bought in the first few phases.