Newer Irvine listings with crazy WTF asking prices from equity sellers

NEW -> Contingent Buyer Assistance Program
DrTravel said:
www.redfin.com

100 Dry Crk, Irvine, CA 92602 - 5 beds/5.5 baths

(TheMLS) Sold: 5 beds, 5.5 baths, 6070 sq. ft. house located at 100 Dry Crk, Irvine, CA 92602 sold for $8,250,000 on Jan 16, 2023. MLS# 22-201338. Arguably the most impressive property ever built in Irvine....
www.redfin.com www.redfin.com

Originally listed for $8.8m - I waited a month and offered $7.888m but lost out :( Oh well... was really looking forward to paying that non tax deductible $100K+ property tax
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You can buy this house, it's an Oceano, listed at a low price of $7.58mil
www.zillow.com

176 Leafy Pass, Irvine, CA 92602 | MLS #OC23020347 | Zillow

For sale This 6288 square foot single family home has 5 bedrooms and 6.0 bathrooms. It is located at 176 Leafy Pass Irvine, California.
www.zillow.com www.zillow.com
 
This house was sold 11 days ago. Now it is listing for almost $100k more. New owner thinks he can flip it for quick bucks. Truly nut.

redf.in

115 Outpost, Irvine, CA 92620 - 4 beds/3 baths

(CRMLS) Sold: 4 beds, 3 baths, 2486 sq. ft. house located at 115 Outpost, Irvine, CA 92620 sold for $2,150,000 on Apr 11, 2023. MLS# WS23042158. Welcome to this beautifully upgraded home in the famous Mast...
redf.in redf.in
 
Danimal said:
This house was sold 11 days ago. Now it is listing for almost $100k more. New owner thinks he can flip it for quick bucks. Truly nut.

redf.in

115 Outpost, Irvine, CA 92620 - 4 beds/3 baths

(CRMLS) Sold: 4 beds, 3 baths, 2486 sq. ft. house located at 115 Outpost, Irvine, CA 92620 sold for $2,150,000 on Apr 11, 2023. MLS# WS23042158. Welcome to this beautifully upgraded home in the famous Mast...
redf.in redf.in
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I guess new owner thinks he can flip it because he's seeing Chinese cash flooding California now that 11 other states are prohibiting Chinese money in the real estate market.

My wife has watching these real estate Youtube channels and they're all saying California housing market is heating up again, probably specifically Irvine and OC.
 
CalBears96 said:
I guess new owner thinks he can flip it because he's seeing Chinese cash flooding California now that 11 other states are prohibiting Chinese money in the real estate market.

My wife has watching these real estate Youtube channels and they're all saying California housing market is heating up again, probably specifically Irvine and OC.
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After commissions and closing costs (on both the buy and sell side) along with carry costs, there won't be a profit unless they get over list.
 
CalBears96 said:
I guess new owner thinks he can flip it because he's seeing Chinese cash flooding California now that 11 other states are prohibiting Chinese money in the real estate market.

My wife has watching these real estate Youtube channels and they're all saying California housing market is heating up again, probably specifically Irvine and OC.
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Just curious, where can I see a list of the 11 states that banned Chinese Money from Real Estate Purchases?
 
 
DrTravel said:
www.redfin.com

100 Dry Crk, Irvine, CA 92602 - 5 beds/5.5 baths

(TheMLS) Sold: 5 beds, 5.5 baths, 6070 sq. ft. house located at 100 Dry Crk, Irvine, CA 92602 sold for $8,250,000 on Jan 16, 2023. MLS# 22-201338. Arguably the most impressive property ever built in Irvine....
www.redfin.com www.redfin.com

Originally listed for $8.8m - I waited a month and offered $7.888m but lost out :( Oh well... was really looking forward to paying that non tax deductible $100K+ property tax
Click to expand...
Was this the one shown on Selling the OC?
 
Maserson said:
www.redfin.com

103 Crossover, Irvine, CA 92618 - 4 beds/4.5 baths

(CRMLS) Sold: 4 beds, 4.5 baths, 3754 sq. ft. house located at 103 Crossover, Irvine, CA 92618 sold for $2,550,000 on Jul 7, 2023. MLS# OC23026583. Don't miss out on this stunning oepn floor! Experience lu...
www.redfin.com www.redfin.com

$200k immediate flip

Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000​


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Nice house. Not gonna happen. I don't think anyone is going to be buying houses while banks are in turmoil.
 
someguy said:
Nice house. Not gonna happen. I don't think anyone is going to be buying houses while banks are in turmoil.
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Indeed - word on the street is no securitization happening for any type of asset outside of conforming mortgages right now. If jumbos are only portfolio loans now those spreads will start to widen as buyers have few choices.
 
Maserson said:
www.redfin.com

103 Crossover, Irvine, CA 92618 - 4 beds/4.5 baths

(CRMLS) Sold: 4 beds, 4.5 baths, 3754 sq. ft. house located at 103 Crossover, Irvine, CA 92618 sold for $2,550,000 on Jul 7, 2023. MLS# OC23026583. Don't miss out on this stunning oepn floor! Experience lu...
www.redfin.com www.redfin.com

$200k immediate flip

Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000​


​

Click to expand...
Not sure if itll sell for that price. We'll see when it closes
 
Maserson said:
www.redfin.com

103 Crossover, Irvine, CA 92618 - 4 beds/4.5 baths

(CRMLS) Sold: 4 beds, 4.5 baths, 3754 sq. ft. house located at 103 Crossover, Irvine, CA 92618 sold for $2,550,000 on Jul 7, 2023. MLS# OC23026583. Don't miss out on this stunning oepn floor! Experience lu...
www.redfin.com www.redfin.com

$200k immediate flip

Jan 26, 2023, Sold for $2,450,000 -> Feb 15, 2023 Listed (Active) $2,650,000​


​

Click to expand...

Seller will need to sell it for $2.55m+ to break even.
 
OCtoSV said:
Indeed - word on the street is no securitization happening for any type of asset outside of conforming mortgages right now. If jumbos are only portfolio loans now those spreads will start to widen as buyers have few choices.
Click to expand...

There hasn't been much securitizations of jumbo loans period, big banks put their jumbo loans on their own books (they do have additional credit overlays with tighter underwriting standards).
 
Let's see....very few upgrades, regular sized lot, no/horrible staging, and asking over $900/sf for an attached condo on this one....

www.redfin.com

120 Okra, Irvine, CA 92618 - 3 beds/2.5 baths

(CRMLS) For Sale: 3 beds, 2.5 baths ∙ 1606 sq. ft. ∙ 120 Okra, Irvine, CA 92618 ∙ $1,470,000 ∙ MLS# OC23044368 ∙ Great location! Center of Irvine, only minutes drive to everywhere in irvine. There will be ...
www.redfin.com www.redfin.com

Not gonna happen! They won't even get $800/sf.
 
Danimal said:
Someone was crazy enough paying $100k more for this house 2 days ago than @ the peak of last year.

redf.in

113 Mangrove Banks, Irvine, CA 92620 - 4 beds/4 baths

(CRMLS) Sold: 4 beds, 4 baths, 2546 sq. ft. house located at 113 Mangrove Banks, Irvine, CA 92620 sold for $2,140,000 on Mar 13, 2023. MLS# OC23026727. Exceptional living awaits in this amazing 4bedroom 3 ...
redf.in redf.in
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I still wonder why this new construction IP unit which is a proper SFR is not moving after so many months on MLS...it's not on a T intersection as far as I can tell from the Google maps. https://www.redfin.com/CA/Irvine/103-Wheat-92602/unit-146/home/180242121
 
Danimal said:
This house was sold 11 days ago. Now it is listing for almost $100k more. New owner thinks he can flip it for quick bucks. Truly nut.

redf.in

115 Outpost, Irvine, CA 92620 - 4 beds/3 baths

(CRMLS) Sold: 4 beds, 3 baths, 2486 sq. ft. house located at 115 Outpost, Irvine, CA 92620 sold for $2,150,000 on Apr 11, 2023. MLS# WS23042158. Welcome to this beautifully upgraded home in the famous Mast...
redf.in redf.in
Click to expand...
May be buyer remorse or found out just can't afford the house?
 
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