The Motor Court Company
Well-known member
5371 sqft house on a 5879 sqft lot is laughable...
USCTrojanCPA said:
Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
It's almost as funny as asking over $900/sf for the home. Prediction - this home will sit and sit and sit and...
This one isn't necessarily a crazy WTF asking price, but it's from the same group - JC Pacific Capital. They're really phoning it in on this one. $100k price drop today.
https://www.redfin.com/CA/Trabuco-Canyon/1062-Summit-Oak-Dr-92679/home/143909707
Well that was quick...do we see another $100k price 10 days from now? haha
The only thing that home has over mine is a better view, otherwise it needs a full interior remodel and that yard is much smaller than mine along with the weird shape of the pool. I wouldn't pay $3m for this home, let alone $4m.
Altair is a weird community. Looks really nice from the outside and the pool looks great as well. Then you drive in and you get a mix of Italian style and Modern style homes. If you look at the hillside it's all dry brush with no vegetation/trees/green.
https://www.redfin.com/CA/Irvine/72-Hartman-92618/home/167386225
Saw the house above and it was well-priced and upgrades were very tasteful. But $3.5m for neighbors right up your ass seems a bit much.
Altair is a strange community for sure. What bugs me about this tract (Alara), is that they're really great and unique designs, but have the WORST lots & location in Altair. If these were built up higher, they would've been better.
Side note: I can't stand the way the homes in Altair back up against each other, especially the ones with the third story. They make the backyards feel very exposed and cramped.
That reminds me. I think it was a couple of weeks ago, I saw a car with a license plate "MCSEN". I think it was a Mercedes. Wonder if that was him. ;D
California Court is a Taiwanese person I bet
The photo with the missing bathroom drawer really does it for me. I can't believe these houses are this expensive now lol.
1000 a square foot for Irvine still blows me away. So glad I sold when I did. I'm pretty sure I wouldn't be able to sell at all now.
It's probably a mistake. Previous listing from a year ago (9/8/21) was $7,500. And it shows deposit is $7,500. Maybe it's the other way around. Rent is $7,500/mo while deposit is $15,000.
On a shorterm rental month to month, listing can fetch quite a high price.
I rented a house in Mammoth for a month and paid 18K for it. This is a ski and outdoor vacation location. In Irvine, there is enforce code for the city to restrict short term rental for less than 30 days. Although it is tough to endorce.
It is not a mistake as the listing company is looking for a short term renter.
I've noticed a few of these in the area lately. Not long ago when there was an absurdly priced rental in Irvine there were other signs that it was likely for a special type of tourism
cough: birth :cough, but the listing company appears to have a portfolio of short term rental homes aimed at those in need of a fully furnished temporary home. https://holidale.com/ They have a Chinese language version of their website to expand their market reach. Seems legit, but who knows.
usctrojancpa
Well-known member
The California Court Company said:
It's almost as funny as asking over $900/sf for the home. Prediction - this home will sit and sit and sit and...
someguy
Active member
USCTrojanCPA said:
This one isn't necessarily a crazy WTF asking price, but it's from the same group - JC Pacific Capital. They're really phoning it in on this one. $100k price drop today.
https://www.redfin.com/CA/Trabuco-Canyon/1062-Summit-Oak-Dr-92679/home/143909707
usctrojancpa
Well-known member
someguy said:
Well that was quick...do we see another $100k price 10 days from now? haha
My observation is that Altair houses doesn't hold its value in downturn as much some of the neighboring communities. Maybe because of Great Park Association and high taxes. I have seen very high turn over in that community.
My friend bought a similar home in Altair this March and paid $3.3M for 4,700 sqft Toll brother house. Not sure, if that was a good deal at that time. Only time will tell..
My friend bought a similar home in Altair this March and paid $3.3M for 4,700 sqft Toll brother house. Not sure, if that was a good deal at that time. Only time will tell..
The California Court Company said:
usctrojancpa
Well-known member
iacrenter said:
The only thing that home has over mine is a better view, otherwise it needs a full interior remodel and that yard is much smaller than mine along with the weird shape of the pool. I wouldn't pay $3m for this home, let alone $4m.
potsticker
Active member
abhinata said:
Altair is a weird community. Looks really nice from the outside and the pool looks great as well. Then you drive in and you get a mix of Italian style and Modern style homes. If you look at the hillside it's all dry brush with no vegetation/trees/green.
https://www.redfin.com/CA/Irvine/72-Hartman-92618/home/167386225
Saw the house above and it was well-priced and upgrades were very tasteful. But $3.5m for neighbors right up your ass seems a bit much.
irviniteeee
Active member
best_potsticker_in_town said:
Altair is a strange community for sure. What bugs me about this tract (Alara), is that they're really great and unique designs, but have the WORST lots & location in Altair. If these were built up higher, they would've been better.
Side note: I can't stand the way the homes in Altair back up against each other, especially the ones with the third story. They make the backyards feel very exposed and cramped.
https://www.redfin.com/CA/Irvine/327-Paradiso-92602/home/180272720
Contractor front yard landscape, no rear landscape, standard builder finishes everywhere. And they want almost $1000/sq foot?! Lot size is 3800. My current home size is larger than the entire lot size! The house looks like it has a nice view, but that's about the only positive thing I can say about the house.
Went on the market at $2.498 million 2 weeks ago, just reduced by $30K. Seriously, they did a 1% price reduction. They're gonna need to keep on reducing.
Contractor front yard landscape, no rear landscape, standard builder finishes everywhere. And they want almost $1000/sq foot?! Lot size is 3800. My current home size is larger than the entire lot size! The house looks like it has a nice view, but that's about the only positive thing I can say about the house.
Went on the market at $2.498 million 2 weeks ago, just reduced by $30K. Seriously, they did a 1% price reduction. They're gonna need to keep on reducing.
The Motor Court Company
Well-known member
It is listed by McSen who mainly targets rich Chinese FCBs...it is never meant for us common folks.
NYT said:
CalBears96
Well-known member
The California Court Company said:
That reminds me. I think it was a couple of weeks ago, I saw a car with a license plate "MCSEN". I think it was a Mercedes. Wonder if that was him. ;D
The Motor Court Company
Well-known member
I meant McSen Realty where the owner is a Chinese American with a lot of connections to China and most if not all of their agents are native Mandarin speakers. So they primary cater to rich affluent people from China.
CalBears96 said:
TestingIrvine
Active member
The California Court Company said:
California Court is a Taiwanese person I bet
irviniteeee
Active member
NYT said:
The photo with the missing bathroom drawer really does it for me. I can't believe these houses are this expensive now lol.
Ready2Downsize
Well-known member
I bet its new and recently closed on it. We're missing two cabinet doors in one bathroom. I don't know if they were damaged or didn't get here, but it's close without them and they will install when they get here or wait. We wanted to move in so we closed without them. I'm not worried we won't get them. Its a well known national builder (who builds in Irvine was well) and they still have houses to sell here.irviniteeee said:
1000 a square foot for Irvine still blows me away. So glad I sold when I did. I'm pretty sure I wouldn't be able to sell at all now.
CalBears96
Well-known member
trematix said:This ones a real head scratcher???
https://www.zillow.com/homedetails/105-Cordial-Irvine-CA-92620/325857546_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
It's probably a mistake. Previous listing from a year ago (9/8/21) was $7,500. And it shows deposit is $7,500. Maybe it's the other way around. Rent is $7,500/mo while deposit is $15,000.
irvinebullhousing
Well-known member
CalBears96 said:trematix said:This ones a real head scratcher
https://www.zillow.com/homedetails/105-Cordial-Irvine-CA-92620/325857546_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
It's probably a mistake. Previous listing from a year ago (9/8/21) was $7,500. And it shows deposit is $7,500. Maybe it's the other way around. Rent is $7,500/mo while deposit is $15,000.
On a shorterm rental month to month, listing can fetch quite a high price.
I rented a house in Mammoth for a month and paid 18K for it. This is a ski and outdoor vacation location. In Irvine, there is enforce code for the city to restrict short term rental for less than 30 days. Although it is tough to endorce.
It is not a mistake as the listing company is looking for a short term renter.
someguy
Active member
Compressed-Village said:CalBears96 said:trematix said:This ones a real head scratcher
https://www.zillow.com/homedetails/105-Cordial-Irvine-CA-92620/325857546_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
It's probably a mistake. Previous listing from a year ago (9/8/21) was $7,500. And it shows deposit is $7,500. Maybe it's the other way around. Rent is $7,500/mo while deposit is $15,000.
On a shorterm rental month to month, listing can fetch quite a high price.
I rented a house in Mammoth for a month and paid 18K for it. This is a ski and outdoor vacation location. In Irvine, there is enforce code for the city to restrict short term rental for less than 30 days. Although it is tough to endorce.
It is not a mistake as the listing company is looking for a short term renter.
I've noticed a few of these in the area lately. Not long ago when there was an absurdly priced rental in Irvine there were other signs that it was likely for a special type of tourism
cough: birth :cough, but the listing company appears to have a portfolio of short term rental homes aimed at those in need of a fully furnished temporary home. https://holidale.com/ They have a Chinese language version of their website to expand their market reach. Seems legit, but who knows.Sure, short term furnished rentals will fetch a higher price but not $15,000 for a 3k sq ft home in Eastwood, lets get realistic.
Compressed-Village said:CalBears96 said:trematix said:This ones a real head scratcher
https://www.zillow.com/homedetails/105-Cordial-Irvine-CA-92620/325857546_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
It's probably a mistake. Previous listing from a year ago (9/8/21) was $7,500. And it shows deposit is $7,500. Maybe it's the other way around. Rent is $7,500/mo while deposit is $15,000.
On a shorterm rental month to month, listing can fetch quite a high price.
I rented a house in Mammoth for a month and paid 18K for it. This is a ski and outdoor vacation location. In Irvine, there is enforce code for the city to restrict short term rental for less than 30 days. Although it is tough to endorce.
It is not a mistake as the listing company is looking for a short term renter.