irvinebullhousing
Well-known member
Danimal said:Estimated GP property tax (1.5%) will be $35k .Compressed-Village said:
Some people gotta put their chump change somewhere. Yeah, a lot for me.
Newer Irvine listings with crazy WTF asking prices from equity sellers
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Some people gotta put their chump change somewhere. Yeah, a lot for me.
Property tax is going to be $32k. Accurate property tax is 1.05% + MR. MR is a fixed number, not a % of property value. In the case of GP, it's around $7500. For PS, it's about $3600. The total property tax % drops as the property value increases.
Hope they got the money to fix that place up. Maybe it will look better after it's cleaned out but right now it's butt ugly.
If they only have the house and no other loans, $32K/year plus HOA/Insurance is a pretty sweet price for Irvine.
Agree, having money and not having good taste demonstrated here. Cosmetic can be easily fix. Tune in to HGTV and DIY with a bucket of paint and that will do it.
It was a former model home but they didn't furnish it like Shea did and now it's just dated. The yard really could use some work (not that expensive). It would have been an easy flip but they held their ground and didn't have to do anything to get it sold.
Now is the time to unload anything that has any issues at all which would sit for a long time in even a balanced market.
Fat finger error right there. haha
Did that house sell for $2.6M then?
Yeah most likely $2.62m
Freaking amazing when you look at the housing price history in Eastwood. It was a pretty slow curve from 12 months to 3 months ago, going from about $500/sq ft to $560/sq ft, but then it just shot up.
U scaring me! Sounds like a blow off top.
Well, we did see phase to phase increase on new homes going from $10k to $30-$40k starting around October last year.
There might have been some issue with building materials costing more because the same thing happened in AZ to new homes from all the builders at the same time.
Cupertino 4/3 2187 sq ft went for $3.888M ($1M over asking)https://www.redfin.com/CA/Cupertino/11232-Monterey-Ct-95014/home/1369577
Cupertino 4/3 2263 sq ft went for $3.75M (~$1M over asking)https://www.redfin.com/CA/Cupertino/11680-Timber-Spring-Ct-95014/home/700620
Some people gotta put their chump change somewhere. Yeah, a lot for me.
CalBears96
Well-known member
Danimal said:Estimated GP property tax (1.5%) will be $35k .Compressed-Village said:
Property tax is going to be $32k. Accurate property tax is 1.05% + MR. MR is a fixed number, not a % of property value. In the case of GP, it's around $7500. For PS, it's about $3600. The total property tax % drops as the property value increases.
sleepy5136
Well-known member
32k a year can almost send two kids to private school.....CalBears96 said:Danimal said:Estimated GP property tax (1.5%) will be $35k .Compressed-Village said:
Property tax is going to be $32k. Accurate property tax is 1.05% + MR. MR is a fixed number, not a % of property value. In the case of GP, it's around $7500. For PS, it's about $3600. The total property tax % drops as the property value increases.
Ready2Downsize
Well-known member
sleepy5136 said:32k a year can almost send two kids to private school.....CalBears96 said:Danimal said:Estimated GP property tax (1.5%) will be $35k .Compressed-Village said:
Property tax is going to be $32k. Accurate property tax is 1.05% + MR. MR is a fixed number, not a % of property value. In the case of GP, it's around $7500. For PS, it's about $3600. The total property tax % drops as the property value increases.
Hope they got the money to fix that place up. Maybe it will look better after it's cleaned out but right now it's butt ugly.
If they only have the house and no other loans, $32K/year plus HOA/Insurance is a pretty sweet price for Irvine.
irvinebullhousing
Well-known member
Ready2Downsize said:sleepy5136 said:32k a year can almost send two kids to private school.....CalBears96 said:Danimal said:Estimated GP property tax (1.5%) will be $35k .Compressed-Village said:
Property tax is going to be $32k. Accurate property tax is 1.05% + MR. MR is a fixed number, not a % of property value. In the case of GP, it's around $7500. For PS, it's about $3600. The total property tax % drops as the property value increases.
Hope they got the money to fix that place up. Maybe it will look better after it's cleaned out but right now it's butt ugly.
If they only have the house and no other loans, $32K/year plus HOA/Insurance is a pretty sweet price for Irvine.
Agree, having money and not having good taste demonstrated here. Cosmetic can be easily fix. Tune in to HGTV and DIY with a bucket of paint and that will do it.
Ready2Downsize
Well-known member
Compressed-Village said:Ready2Downsize said:sleepy5136 said:32k a year can almost send two kids to private school.....CalBears96 said:Danimal said:Estimated GP property tax (1.5%) will be $35k .Compressed-Village said:
Property tax is going to be $32k. Accurate property tax is 1.05% + MR. MR is a fixed number, not a % of property value. In the case of GP, it's around $7500. For PS, it's about $3600. The total property tax % drops as the property value increases.
Hope they got the money to fix that place up. Maybe it will look better after it's cleaned out but right now it's butt ugly.
If they only have the house and no other loans, $32K/year plus HOA/Insurance is a pretty sweet price for Irvine.
Agree, having money and not having good taste demonstrated here. Cosmetic can be easily fix. Tune in to HGTV and DIY with a bucket of paint and that will do it.
It was a former model home but they didn't furnish it like Shea did and now it's just dated. The yard really could use some work (not that expensive). It would have been an easy flip but they held their ground and didn't have to do anything to get it sold.
Now is the time to unload anything that has any issues at all which would sit for a long time in even a balanced market.
Not sure if this counts but
https://www.zillow.com/homedetails/52-Pedigree-Irvine-CA-92602/2065530309_zpid/
Data entry error?
The only legit justification I can think of it the built an underground bunker, but is that even allowed in Irvine?
https://www.zillow.com/homedetails/52-Pedigree-Irvine-CA-92602/2065530309_zpid/
Data entry error?
The only legit justification I can think of it the built an underground bunker, but is that even allowed in Irvine?
usctrojancpa
Well-known member
Innosint said:Not sure if this counts but
https://www.zillow.com/homedetails/52-Pedigree-Irvine-CA-92602/2065530309_zpid/
Data entry error?
The only legit justification I can think of it the built an underground bunker, but is that even allowed in Irvine?
Fat finger error right there. haha
USCTrojanCPA said:Innosint said:Not sure if this counts but
https://www.zillow.com/homedetails/52-Pedigree-Irvine-CA-92602/2065530309_zpid/
Data entry error?
The only legit justification I can think of it the built an underground bunker, but is that even allowed in Irvine?
Fat finger error right there. haha
Did that house sell for $2.6M then?
usctrojancpa
Well-known member
Chegg said:USCTrojanCPA said:Innosint said:Not sure if this counts but
https://www.zillow.com/homedetails/52-Pedigree-Irvine-CA-92602/2065530309_zpid/
Data entry error?
The only legit justification I can think of it the built an underground bunker, but is that even allowed in Irvine?
Fat finger error right there. haha
Did that house sell for $2.6M then?
Yeah most likely $2.62m
Davidlee199
Member
Existing home sales fell in Feb even inventory up 2.4% from Jan. Anytime inflation rate jump over 5% in the last 60 years, recession followed. Happened in 1974, 1990 & 2008. This time will be even worst with balance sheet tightening. Even with the highest household income in Silicon Valley, home prices dropped 5-10% beginning of 2019 after 7 rates hikes in 2017-2018. Don?t be surprised 30 yrs fixed mortgage rates jump to 6% by the end of 2022. Go see some open houses on weekend if you don?t believe me. Don?t be shocked if you are the only person there. Yes, there are NO more 20 families waiting in line to see open houses.
The Motor Court Company
Well-known member
until Irvine is caught up with Bay Area prices.
gorams said:
CalBears96
Well-known member
gorams said:
Freaking amazing when you look at the housing price history in Eastwood. It was a pretty slow curve from 12 months to 3 months ago, going from about $500/sq ft to $560/sq ft, but then it just shot up.
Ready2Downsize
Well-known member
CalBears96 said:
U scaring me! Sounds like a blow off top.
CalBears96
Well-known member
Ready2Downsize said:
Well, we did see phase to phase increase on new homes going from $10k to $30-$40k starting around October last year.
Ready2Downsize
Well-known member
CalBears96 said:
There might have been some issue with building materials costing more because the same thing happened in AZ to new homes from all the builders at the same time.
sleepy5136
Well-known member
3m home with motor court? Yuck. https://www.redfin.com/CA/Irvine/45-Sunset-Cv-92602/home/58551678
The California Court Company said:
Cupertino 4/3 2187 sq ft went for $3.888M ($1M over asking)https://www.redfin.com/CA/Cupertino/11232-Monterey-Ct-95014/home/1369577
Cupertino 4/3 2263 sq ft went for $3.75M (~$1M over asking)https://www.redfin.com/CA/Cupertino/11680-Timber-Spring-Ct-95014/home/700620
Davidlee199
Member
Don?t be surprised mortgage rate will hit 6% by end of this year. U.S. stocks are lower after Federal Reserve Governor Lael Brainerd said the central bank would "continue tightening monetary policy methodically through a series of interest rate increases" and start to reduce the balance sheet at a rapid pace as early as May.