usctrojancpa
Well-known member
Soylent Green Is People said:
I'm surprised it's not a hot home on Redfin yet. haha
Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
I'm surprised it's not a hot home on Redfin yet. haha
Yup, this one will skip hot-homes and goes straight to escrowed. NOT.
It was discussed here.
Amazing stuffs.
https://www.talkirvine.com/index.php/topic,18307.0.html
Looks like it was under contract and then fell out of escrow in February. Then he pulled the listing, updated the bathrooms and changed the kitchen countertop and relisted. Just closed for $1.36M after a 9 day escrow
Not all of them, only Galileo and Sylvan were all cash and the other 2 were financed. With the refi business almost zero, lenders can close on financed buyers in about 3 weeks if they are straight forward (aka W-2 wage earners).
That seems to be Ravello Plan 2.
As ridiculous the it is, the seller is probably doing this because IP is selling Plan 1 with city view lot at $3.5M. Supposedly, the city view lot premium is about $1.5M. This one seems to have mountain view, not city view. Probably worth $3M, considering Plan 2 non-view lot is now at $2.7M.
That's probably true. The $3.5M range was probably a couple months ago, for the last few lots.
I dont think it?s a model home. Upgrades look alright. Nothing fancy about the home except the view. $3.8 mil w/o windows treatment is outrageous
.
These mainland Chinese investors really think their homes are in Newport Coast.
https://youtu.be/atFndNhr8tI
LL said Irvine is coastal.
I said Irvine is in a coastal county, as opposed to an inland county, so it should fare better than inland counties on a relative basis.
In fact, you agreed with this when you said it was a short bike ride to the beach for you. Although to be fair, your ride to the beach is probably not as short as mine is.
These are their best lots. Big lots with city view. So lot premium is like $2M.
Seems like they released them at the peak housing price also.
I'm surprised it's not a hot home on Redfin yet. haha
irvinebullhousing
Well-known member
USCTrojanCPA said:
Yup, this one will skip hot-homes and goes straight to escrowed. NOT.
Hidden Canyon, closed at $5.1M (800k over asking)https://www.redfin.com/CA/Irvine/114-Heather-Mist-92603/home/112725749
irvinebullhousing
Well-known member
zovall said:Hidden Canyon, closed at $5.1M (800k over asking)https://www.redfin.com/CA/Irvine/114-Heather-Mist-92603/home/112725749
It was discussed here.
Amazing stuffs.
https://www.talkirvine.com/index.php/topic,18307.0.html
Cares said:Danimal said:Wow this house was sold on Feb 08 for $1mil now is listing for $1.28. That was fast
https://www.redfin.com/CA/Irvine/5002-Dutcher-Ave-92604/home/4667389?600390594=copy_variant&231528114=control&utm_source=ios_share&utm_medium=share&utm_nooverride=1&utm_content=link&utm_campaign=share_sheet
LOL 1 week turnaround with 0 improvements. Bought for $1M cash and trying to flip for $280k profit in a week? Listing agent is the owner of the property. He's also shamelessly using the same pictures from the previous listing instead of taking his own pictures.
This man is insane. I hope he isn't thinking he can 1031 flip this to avoid short-term gains as the IRS frowns upon short term 1031s.
Looks like it was under contract and then fell out of escrow in February. Then he pulled the listing, updated the bathrooms and changed the kitchen countertop and relisted. Just closed for $1.36M after a 9 day escrow
Davidlee199
Member
What?s going on with the listings below?
Either price drop or back on market?
6 Duskywing
166 Tribeca
87 Strawberry
15 Courant
58 Clocktower
Either price drop or back on market?
6 Duskywing
166 Tribeca
87 Strawberry
15 Courant
58 Clocktower
Turtle Rock (view) - Closed at $3.988M (~$400k over asking; 18 days in escrow?)https://www.redfin.com/CA/Irvine/21-Galileo-92603/home/4745654
Turtle Rock - Closed at $2.68M (~$90k under asking; 23 days in escrow?)https://www.redfin.com/CA/Irvine/19572-Sierra-Soto-Rd-92603/home/4740049
Turtle Ridge - Closed at $3.910 (~$130k over asking; 14 days in escrow?)https://www.redfin.com/CA/Irvine/34-Woodcrest-92603/home/5900730
Turtle Ridge (view) - Closed at $4.62M (~$370k under asking; 15 days in escrow?)https://www.redfin.com/CA/Irvine/21-Sylvan-92603/home/5900667
Are these cash buyers?
Turtle Rock - Closed at $2.68M (~$90k under asking; 23 days in escrow?)https://www.redfin.com/CA/Irvine/19572-Sierra-Soto-Rd-92603/home/4740049
Turtle Ridge - Closed at $3.910 (~$130k over asking; 14 days in escrow?)https://www.redfin.com/CA/Irvine/34-Woodcrest-92603/home/5900730
Turtle Ridge (view) - Closed at $4.62M (~$370k under asking; 15 days in escrow?)https://www.redfin.com/CA/Irvine/21-Sylvan-92603/home/5900667
Are these cash buyers?
usctrojancpa
Well-known member
zovall said:
Not all of them, only Galileo and Sylvan were all cash and the other 2 were financed. With the refi business almost zero, lenders can close on financed buyers in about 3 weeks if they are straight forward (aka W-2 wage earners).
https://www.redfin.com/CA/Irvine/110-Lustro-92602/home/169474570
Ridiculous price. House sold for $2.144 million 1 year ago. Now $3.8 million. $1,129/sq foot. Jacked up 80% in 1 year?!
Ridiculous price. House sold for $2.144 million 1 year ago. Now $3.8 million. $1,129/sq foot. Jacked up 80% in 1 year?!
sleepy5136
Well-known member
is this Ravello?NYT said:
CalBears96
Well-known member
sleepy5136 said:
That seems to be Ravello Plan 2.
As ridiculous the it is, the seller is probably doing this because IP is selling Plan 1 with city view lot at $3.5M. Supposedly, the city view lot premium is about $1.5M. This one seems to have mountain view, not city view. Probably worth $3M, considering Plan 2 non-view lot is now at $2.7M.
potsticker
Active member
I was at Ravello today and I thought I saw that the view lots were in the $4m range. Maybe those are for the models...not sure.
CalBears96
Well-known member
best_potsticker_in_town said:
That's probably true. The $3.5M range was probably a couple months ago, for the last few lots.
Goriot said:
I dont think it?s a model home. Upgrades look alright. Nothing fancy about the home except the view. $3.8 mil w/o windows treatment is outrageous
. These mainland Chinese investors really think their homes are in Newport Coast.
https://youtu.be/atFndNhr8tI
irvinehomeowner
Well-known member
Danimal said:
LL said Irvine is coastal.
scubasteve
Active member
Ravello contacted one of my colleagues:
Lot 10: Plan 2, 5742sqft view lot; 30ft setback; $4.73M, available
Lot 11: Plan 3, 6362sqft view lot; 40ft setback; $4.91M, reserved but taking back-ups
Truly WTF prices....
Lot 10: Plan 2, 5742sqft view lot; 30ft setback; $4.73M, available
Lot 11: Plan 3, 6362sqft view lot; 40ft setback; $4.91M, reserved but taking back-ups
Truly WTF prices....
Liar Loan
Well-known member
irvinehomeowner said:Danimal said:
LL said Irvine is coastal.
I said Irvine is in a coastal county, as opposed to an inland county, so it should fare better than inland counties on a relative basis.
In fact, you agreed with this when you said it was a short bike ride to the beach for you. Although to be fair, your ride to the beach is probably not as short as mine is.
CalBears96
Well-known member
scubasteve said:
These are their best lots. Big lots with city view. So lot premium is like $2M.
Seems like they released them at the peak housing price also.