irvinehomeowner
Well-known member
How much did it originally sell for?
La Vita at Orchard Hills
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It originally sold for $2,265,500 in Feb 2015.
They didn't mainly because of the newer floor plans is my guess. I think the cheapest homes in Shady Canyon are in the mid/high $3m which is at the very top end of The Groves (La Vita & Alta Vista).
Depends on pricing and if the home is tastefully upgraded. Highly upgraded homes (including high end homes) do sell very well even in this market
True, but in general, don't you think La Vita will perform better for its age and school zones than Shady Canyon homes?
If I were to live for like 30+ years, then I would probably choose SC, but I'm guessing OH homes are selling quicker because of the investment purposes.
Based on Buyer Agent Listings, I think both of the Buyers that paid $3.7mm and $3.8mm for these two Plan 4s are Koreans. Seems like they are taking over OH these days. They prefer homes that are relatively new, close proximity to School, Zion market and variety of Korean/Asian restaurants which OH offers. Shady is far away from these offerings, older, and less desirable floor plans for the similar price range. Buyers that want bigger lot and more privacy will buy SC. Thus, it's all buyer preference.
cons:
airplane flight path from John Wayne
newport harbor high school
beach traffic
rehab riviera
sea level rise ( for the very long term?but isn?t california real estate all about buy and hold to keep your prop 13 base?)
and for those who might like the 8s:
cons include distance from markets, and language/cultural schools
The house is very nicely done for sure, but I am just bringing up points why not everyone may consider Newport Beach to be their desired neighborhood.
True, with all the cons you mentioned.
A friend of mine bought this and it was once leased out to one of the Orange County Housewives member. He bought it for investment and funny thing is he said Chinese buy coastal real estate but said most Chinese would never live in them so close to the ocean.
I agree. While SC homes might offer more privacy and bigger lots, it's not always about those factors you buy the home for. I personally much prefer newer homes' floor plans. The plazas nearby would be a big plus also. For the buyers with that big home budget, they probably got some Jr. or High School kids which OH offers schools inside their hood. But location-wise, I would much prefer SC for my personal living while I think OH homes are better investments.
usctrojancpa
Well-known member
irvinehomeowner said:
It originally sold for $2,265,500 in Feb 2015.
Wow, second plan 4 to snag a buyer. This one closed at $100k more than the last one.
https://www.redfin.com/CA/Irvine/111-Sunset-Cv-92602/home/58551729
https://www.redfin.com/CA/Irvine/111-Sunset-Cv-92602/home/58551729
usctrojancpa
Well-known member
It's definitely a nice looking home with a great yard but I would buy in Shady Canyon for that kind of coin.
usctrojancpa
Well-known member
OCres said:
They didn't mainly because of the newer floor plans is my guess. I think the cheapest homes in Shady Canyon are in the mid/high $3m which is at the very top end of The Groves (La Vita & Alta Vista).
usctrojancpa
Well-known member
Mety said:
Depends on pricing and if the home is tastefully upgraded. Highly upgraded homes (including high end homes) do sell very well even in this market
USCTrojanCPA said:
True, but in general, don't you think La Vita will perform better for its age and school zones than Shady Canyon homes?
If I were to live for like 30+ years, then I would probably choose SC, but I'm guessing OH homes are selling quicker because of the investment purposes.
irvinebullhousing
Well-known member
https://www.redfin.com/CA/Newport-Beach/1201-Cliff-Dr-92663/home/3246354?utm_source=ios_share&utm_medium=share&utm_campaign=text&utm_nooverride=1&utm_content=link
Technically not Irvine, but check this out, sit above PCH jump cross the street to access Newport Beach, true 3 cars wide garage, non HOA very nicely done.
This has all the tick marks checked for all my boxes. Price is lowest for this area.
Technically not Irvine, but check this out, sit above PCH jump cross the street to access Newport Beach, true 3 cars wide garage, non HOA very nicely done.
This has all the tick marks checked for all my boxes. Price is lowest for this area.
Mety said:
Based on Buyer Agent Listings, I think both of the Buyers that paid $3.7mm and $3.8mm for these two Plan 4s are Koreans. Seems like they are taking over OH these days. They prefer homes that are relatively new, close proximity to School, Zion market and variety of Korean/Asian restaurants which OH offers. Shady is far away from these offerings, older, and less desirable floor plans for the similar price range. Buyers that want bigger lot and more privacy will buy SC. Thus, it's all buyer preference.
Compressed-Village said:
cons:
airplane flight path from John Wayne
newport harbor high school
beach traffic
rehab riviera
sea level rise ( for the very long term?but isn?t california real estate all about buy and hold to keep your prop 13 base?)
and for those who might like the 8s:
cons include distance from markets, and language/cultural schools
The house is very nicely done for sure, but I am just bringing up points why not everyone may consider Newport Beach to be their desired neighborhood.
irvinebullhousing
Well-known member
misme said:
True, with all the cons you mentioned.
A friend of mine bought this and it was once leased out to one of the Orange County Housewives member. He bought it for investment and funny thing is he said Chinese buy coastal real estate but said most Chinese would never live in them so close to the ocean.
Goriot said:
I agree. While SC homes might offer more privacy and bigger lots, it's not always about those factors you buy the home for. I personally much prefer newer homes' floor plans. The plazas nearby would be a big plus also. For the buyers with that big home budget, they probably got some Jr. or High School kids which OH offers schools inside their hood. But location-wise, I would much prefer SC for my personal living while I think OH homes are better investments.