Newer Irvine listings with crazy WTF asking prices from equity sellers

[aquabliss]

Have we talked about this one yet? 

2.44 million for Pavilion Park
https://www.redfin.com/CA/Irvine/184-Pepperoot-92618/home/51684948

Ive shown it. A little high on the ask but it doesn't belong on this tread.

Fair enough...it's not really an equity sell but asking $2.44 million in PP with Altair right next door is pretty WTF.  I don't see how anyone would want to buy $2.4 million in Irvine not Turtle Rock/Shady Canyon

+1  They won't get anything near list price...maybe close to $2m.

Closed today at $2.4M.  Higher than we all thought.

 

[usctrojancpa]

Have we talked about this one yet? 

2.44 million for Pavilion Park
https://www.redfin.com/CA/Irvine/184-Pepperoot-92618/home/51684948

Ive shown it. A little high on the ask but it doesn't belong on this tread.

Fair enough...it's not really an equity sell but asking $2.44 million in PP with Altair right next door is pretty WTF.  I don't see how anyone would want to buy $2.4 million in Irvine not Turtle Rock/Shady Canyon

+1  They won't get anything near list price...maybe close to $2m.

Closed today at $2.4M.  Higher than we all thought.

True, I guess it goes to show how valuable larger lots really are today.

 

[Dr. CA Real Estate]

Not higher than I thought. Remember TI is not all of Irvine. Most people on here tend to value GP lower than it really is.

 

[Dr. CA Real Estate]

https://www.realtor.com/realestateandhomes-detail/113-Bosque_Irvine_CA_92618_M21739-73216

 

[sgip]

There's one up the street with a much better view at $1.6m (was $1.7m)

Still, if you want that plan and prefer to keep almost $350k in your pocket, there's always this one:

https://www.redfin.com/CA/Irvine/152-Catalyst-92618/home/169488322

I like how all three listings speak of an ULTRA RARE ELEVATOR OPTION!!!! Perhaps their Agents need to recheck their understanding of the word "Rare".

My .02c

 

[usctrojancpa]

Over $1.7m for a Sagewood Plan 3 that is close to Irvine Blvd and the toll road?  Not gonna happen!
https://www.redfin.com/CA/Irvine/238-Denim-92618/home/51682889

Most of the 8,000sf lot is the long driveway and those pictures aren't very flattering.  haha

 

[someguy]

Lul.  Almost $1,000 / sqft for the plan 4 La Vita model in the Groves at Orchard Hills. https://www.redfin.com/CA/Irvine/97-Sunset-Cv-92602/home/58551732

Edit:  wow, it looks like they paid about $3.4M for this back in 2017 or so.  How about that.  Seems WTF but maybe not.  http://oct.estreamone.com/Show.aspx?parcel=52712126&year=2017

 

[usctrojancpa]

Over $600/sf for a regular-sized lot in Stonegate?  I think not.
https://www.redfin.com/CA/Irvine/76-Haviland-92620/home/58556994

 

[JadedOne]

Over $600/sf for a regular-sized lot in Stonegate?  I think not.
https://www.redfin.com/CA/Irvine/76-Haviland-92620/home/58556994

The price is definitely way too high, but I think the lot size is slightly above average in Stonegate. There are tons between 3900-4300 sqft, and this is over 4800.

Still not worth anywhere near that price.

 

[someguy]

Paid about $1.8M in March 2019, asking $2.188M in December 2020.  Maybe the seller will include that nifty lion rug in the master bedroom.  glhf
https://www.redfin.com/CA/Irvine/280-Oceano-92620/home/173845723

 

[aquabliss]

Paid about $1.8M in March 2019, asking $2.188M in December 2020.  Maybe the seller will include that nifty lion rug in the master bedroom.  glhf
https://www.redfin.com/CA/Irvine/280-Oceano-92620/home/173845723

Hey they have a lazy river in the back yard.  That alone adds an extra $100k.

 

[lovingit]

Paid about $1.8M in March 2019, asking $2.188M in December 2020.  Maybe the seller will include that nifty lion rug in the master bedroom.  glhf
https://www.redfin.com/CA/Irvine/280-Oceano-92620/home/173845723

Hey they have a lazy river in the back yard.  That alone adds an extra $100k.

The listing agent called this SFR a detached condo.  Never seen that before......

 

[usctrojancpa]

Paid about $1.8M in March 2019, asking $2.188M in December 2020.  Maybe the seller will include that nifty lion rug in the master bedroom.  glhf
https://www.redfin.com/CA/Irvine/280-Oceano-92620/home/173845723

Hey they have a lazy river in the back yard.  That alone adds an extra $100k.

The listing agent called this SFR a detached condo.  Never seen that before......

Good catch, I?ve never seen that whereas I see the opposite a lot. 

 

[Cares]

Paid about $1.8M in March 2019, asking $2.188M in December 2020.  Maybe the seller will include that nifty lion rug in the master bedroom.  glhf
https://www.redfin.com/CA/Irvine/280-Oceano-92620/home/173845723

Hey they have a lazy river in the back yard.  That alone adds an extra $100k.

The listing agent called this SFR a detached condo.  Never seen that before......

LOL because the agent just copy and pasted another listing's description...verbatim. How low effort can you get? This is the kind of work this agent will do for $40-60k commission? Sheesh...talk about bottom of the barrel marketing.

Original listing:http://www.bcre.com/listing/ws20248185-102-yellow-pine-irvine-ca-92618/

 

[usctrojancpa]

Paid about $1.8M in March 2019, asking $2.188M in December 2020.  Maybe the seller will include that nifty lion rug in the master bedroom.  glhf
https://www.redfin.com/CA/Irvine/280-Oceano-92620/home/173845723

Hey they have a lazy river in the back yard.  That alone adds an extra $100k.

The listing agent called this SFR a detached condo.  Never seen that before......

LOL because the agent just copy and pasted another listing's description...verbatim. How low effort can you get? This is the kind of work this agent will do for $40-60k commission? Sheesh...talk about bottom of the barrel marketing.

Original listing:http://www.bcre.com/listing/ws20248185-102-yellow-pine-irvine-ca-92618/

Man, I must be dumb spending about an hour writing up property descriptions for each of my listings....I could have just done a copy/paste.  haha

 

[iacrenter]

Paid about $1.8M in March 2019, asking $2.188M in December 2020.  Maybe the seller will include that nifty lion rug in the master bedroom.  glhf
https://www.redfin.com/CA/Irvine/280-Oceano-92620/home/173845723

Hey they have a lazy river in the back yard.  That alone adds an extra $100k.

The listing agent called this SFR a detached condo.  Never seen that before......

LOL because the agent just copy and pasted another listing's description...verbatim. How low effort can you get? This is the kind of work this agent will do for $40-60k commission? Sheesh...talk about bottom of the barrel marketing.

Original listing:http://www.bcre.com/listing/ws20248185-102-yellow-pine-irvine-ca-92618/

Man, I must be dumb spending about an hour writing up property descriptions for each of my listings....I could have just done a copy/paste.  haha

That is horrible. The agent should be embarrassed and the home owner deserves better.

 

[Dr. CA Real Estate]

Ravello Models now available.
https://www.redfin.com/CA/Irvine/135-Summerland-92620/unit-54/home/173913970

 

[Goriot]

Ravello Models now available.
https://www.redfin.com/CA/Irvine/135-Summerland-92620/unit-54/home/173913970

Models on sale already?  Did they almost sell out Ravello? If so, that was pretty fast.

 

[sgip]

I am constantly amazed at the pricing OH models are being marketed at.

Here's a home with an actual ocean view in a comparative school district for about the same price:

https://www.redfin.com/CA/Newport-Beach/12-Catania-92657/home/4749849

Still need Irvine? Here's one with a net payment equal to the OH model home given it's MR.
[url]https://www.redfin.com/CA/Irvine/17-Pemberly-92603/home/4745825[/url]

It's got to be that "new home smell and feel" that drives prices to that height. At $3.2m there are plenty of choices out there....eh?

 

[kpatnps]

I am constantly amazed at the pricing OH models are being marketed at.

Here's a home with an actual ocean view in a comparative school district for about the same price:

https://www.redfin.com/CA/Newport-Beach/12-Catania-92657/home/4749849

Still need Irvine? Here's one with a net payment equal to the OH model home given it's MR.
[url]https://www.redfin.com/CA/Irvine/17-Pemberly-92603/home/4745825[/url]

It's got to be that "new home smell and feel" that drives prices to that height. At $3.2m there are plenty of choices out there....eh?

That new home smell are the paint fumes that are off gassing and killing brain cells.