cubiczirconia
New member
million dollar condo????
iacrenter said:
Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
Not too bad. It's a SFR, and it has a yard!
Indeed, here's another one... with a sexier address...
http://www.redfin.com/CA/Irvine/102-Spanish-Lace-92620/home/7220030
Looks like another one trying to get out while the gettin' is good.
I dont understand. These prices are higher than the peak bubble prices. Someone please explain to me what is happening??? ???
YAY @ separate living room, but what-the for that other door opening in the porch! YAY @ the retreat to Master Bedroom and the deck..
Million dollar worthy? Not so much for people like me and IHO who still have memories of $600k short sales of such detached condos.
We did see a Spanish Lace house when we were buying. Address is sexy, but that banging sound next door wasn't ;-) There was a lot of construction around at that time, and we didn't want to deal with that noise.
I think one of the Spanish Lace condo we saw had black granite counter tops and white cabinets, dark and wide wood flooring. Something about it was very beautiful.
Psst.. FCBs. All cash transactions are to blame.
$249k equity worth of negatives? ???
It's Irvine, what'd you expect?
That's some serious real estate commission if the transaction completes! Hopefully the buyer uses Redfin
This is actually a nice house.
jayl23
New member
Yikes... the Irvine unicorn mojo is strong 8)
http://www.redfin.com/CA/Irvine/27-Lucero-W-92620/home/4786012
http://www.redfin.com/CA/Irvine/27-Lucero-W-92620/home/4786012
cubiczirconia
New member
jayl23 said:
Not too bad. It's a SFR, and it has a yard!
thedude111222
New member
http://www.redfin.com/CA/Irvine/3-Brookfield-92604/home/4688042
Maybe not a WTF asking price, but definitely a WTH?!? Seems sellers got a little over ambitious seeing their neighbor's condo (http://www.redfin.com/CA/Irvine/19-Brookfield-92604/home/4688059) go pending in less than a week at the same asking price...nevermind the fact that the other unit is a better location (corner lot with street access) and 150 sq ft larger with an extra bedroom and considerably more by way of upgrades (from what I can tell: kitchen, window, shutters, closet doors). It's cool though, everyone loves paying $406/sqft for a 36 year old condo with no A/C. At what point do you just go to Stonegate and buy a Santa Maria town home? at least you get air conditioning and a garage...
Maybe not a WTF asking price, but definitely a WTH?!? Seems sellers got a little over ambitious seeing their neighbor's condo (http://www.redfin.com/CA/Irvine/19-Brookfield-92604/home/4688059) go pending in less than a week at the same asking price...nevermind the fact that the other unit is a better location (corner lot with street access) and 150 sq ft larger with an extra bedroom and considerably more by way of upgrades (from what I can tell: kitchen, window, shutters, closet doors). It's cool though, everyone loves paying $406/sqft for a 36 year old condo with no A/C. At what point do you just go to Stonegate and buy a Santa Maria town home? at least you get air conditioning and a garage...
usctrojancpa
Well-known member
The seller paid $415k during the bubble days so they are trying to get out and breakeven.thedude111222 said:
jayl23
New member
Cubic Zirconia said:
Indeed, here's another one... with a sexier address...
http://www.redfin.com/CA/Irvine/102-Spanish-Lace-92620/home/7220030
Looks like another one trying to get out while the gettin' is good.
quattroporte
New member
jayl23 said:Cubic Zirconia said:
Indeed, here's another one... with a sexier address...
http://www.redfin.com/CA/Irvine/102-Spanish-Lace-92620/home/7220030
Looks like another one trying to get out while the gettin' is good.
I dont understand. These prices are higher than the peak bubble prices. Someone please explain to me what is happening??? ???
cubiczirconia
New member
jayl23 said:Cubic Zirconia said:
Indeed, here's another one... with a sexier address...
http://www.redfin.com/CA/Irvine/102-Spanish-Lace-92620/home/7220030
Looks like another one trying to get out while the gettin' is good.
YAY @ separate living room, but what-the for that other door opening in the porch! YAY @ the retreat to Master Bedroom and the deck..
Million dollar worthy? Not so much for people like me and IHO who still have memories of $600k short sales of such detached condos.
We did see a Spanish Lace house when we were buying. Address is sexy, but that banging sound next door wasn't ;-) There was a lot of construction around at that time, and we didn't want to deal with that noise.
I think one of the Spanish Lace condo we saw had black granite counter tops and white cabinets, dark and wide wood flooring. Something about it was very beautiful.
cubiczirconia
New member
quattroporte said:jayl23 said:Cubic Zirconia said:
Indeed, here's another one... with a sexier address...
http://www.redfin.com/CA/Irvine/102-Spanish-Lace-92620/home/7220030
Looks like another one trying to get out while the gettin' is good.
I dont understand. These prices are higher than the peak bubble prices. Someone please explain to me what is happening??? ???
Psst.. FCBs. All cash transactions are to blame.
cubiczirconia
New member
http://www.redfin.com/CA/Irvine/36-Bombay-92620/home/5978049
Last Sale:
Nov 30, 2012 $680,000
Listed: $929,000
Six months, $249,000. Condominium. I want to drink what they are drinking.
Last Sale:
Nov 30, 2012 $680,000
Listed: $929,000
Six months, $249,000. Condominium. I want to drink what they are drinking.
quattroporte
New member
jayl23 said:Cubic Zirconia said:
It's called "Jeffrey Road Exhaust", known to cause delusions of home price appreciation.
I actually did seriously consider another unit on Bombay back in 2011, nice interior, but the tiny lot, lack of driveway and road noise were major negatives.
$249k equity worth of negatives? ???
homer_simpson
Well-known member
quattroporte said:jayl23 said:Cubic Zirconia said:
It's called "Jeffrey Road Exhaust", known to cause delusions of home price appreciation.
I actually did seriously consider another unit on Bombay back in 2011, nice interior, but the tiny lot, lack of driveway and road noise were major negatives.
$249k equity worth of negatives? ???
It's Irvine, what'd you expect?
usctrojancpa
Well-known member
Over $450/sf for a motorcourt home in Woodbury (does that mean traditional SFR homes will be priced at $500/sf?)...
http://www.redfin.com/CA/Irvine/60-Donovan-92620/home/40101741
Looks like the seller is trying to sell for $200k more than what they bought it for in 2011.
http://www.redfin.com/CA/Irvine/60-Donovan-92620/home/40101741
Looks like the seller is trying to sell for $200k more than what they bought it for in 2011.
usctrojancpa
Well-known member
Someone needs to let the seller know that the real estate market is on fire for homes below $1.5m not below $15m....
http://www.redfin.com/CA/Irvine/50-Blue-Heron-92603/home/5899629
It's price almost double of what these type of homes are selling for in Shady Canyon. Other than looking for a sucker, why waste anyone's time? If I'm going to spend $1,500/sf+ my neighbor better be the Pacific Ocean.
http://www.redfin.com/CA/Irvine/50-Blue-Heron-92603/home/5899629
It's price almost double of what these type of homes are selling for in Shady Canyon. Other than looking for a sucker, why waste anyone's time? If I'm going to spend $1,500/sf+ my neighbor better be the Pacific Ocean.
woodburyowner
Well-known member
USCTrojanCPA said:Someone needs to let the seller know that the real estate market is on fire for homes below $1.5m not below $15m....
http://www.redfin.com/CA/Irvine/50-Blue-Heron-92603/home/5899629
It's price almost double of what these type of homes are selling for in Shady Canyon. Other than looking for a sucker, why waste anyone's time? If I'm going to spend $1,500/sf+ my neighbor better be the Pacific Ocean.
That's some serious real estate commission if the transaction completes! Hopefully the buyer uses Redfin
usctrojancpa
Well-known member
Yup, they are offering a 2.5% commission to the buyer's agent.woodburyowner said:USCTrojanCPA said:Someone needs to let the seller know that the real estate market is on fire for homes below $1.5m not below $15m....
http://www.redfin.com/CA/Irvine/50-Blue-Heron-92603/home/5899629
It's price almost double of what these type of homes are selling for in Shady Canyon. Other than looking for a sucker, why waste anyone's time? If I'm going to spend $1,500/sf+ my neighbor better be the Pacific Ocean.
That's some serious real estate commission if the transaction completes! Hopefully the buyer uses Redfin
usctrojancpa
Well-known member
Looks like I was being too conservative....it closed a hair over the reduced listing price by....wait for it....a cash buyer.USCTrojanCPA said:$1,000,000 to $1,050,000 would be my guess. I'm sure you'll be happy about that.irvinehusky said:Wow, didn't think this one would be going PENDING anytime soon but there must be some really crazy people out there.
Anyone want to guess what this one will close for? I'm guessing $950K? I'm sure I'll be humbled.
http://www.redfin.com/CA/Irvine/12-Pienza-92606/home/4629453
quattroporte
New member
USCTrojanCPA said:
This is actually a nice house.