Newer Irvine listings with crazy WTF asking prices from equity sellers

NEW -> Contingent Buyer Assistance Program
I'm bemused by the "residential income property" claim in the description. How does this thing possibly pencil as an investment property? Also, was this written by the listing agent or ChatGPT? I know it's akin to being a Grammar Nazi to point out something as trivial as this but its a terrible read. For $2xM possible sale, the Seller should expect something more than what's written up in the listing description.
 
usctrojancpa said:
I know inventory is low but no way this seller will get anything close to $1,000/sf renovated or not....

www.redfin.com

30 Stratford, Irvine, CA 92620 - 3 beds/2.5 baths

(CRMLS) 3 beds, 2.5 baths, 1424 sq. ft. house located at 30 Stratford, Irvine, CA 92620 sold for $770,000 on Feb 20, 2020. MLS# PW19262941. Nestled in a charming tree-lined village of Northwood with no mel...
www.redfin.com www.redfin.com

The first number on this one will be a 1 if they decide that they really want to sell the home.
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L O L....There is a lot of delusion with this price. That is not in a 2.5M neighborhood. I remember a few months back, they were trying to rent out the unit they built above the garage for 2500.

www.apartments.com

30 Stratford Unit 2, Irvine, CA 92620 - 30 Stratford Irvine, CA | Apartments.com

See Apartment 2 for rent at 30 Stratford in Irvine, CA from $2500 plus find other available Irvine apartments. Apartments.com has 3D tours, HD videos, reviews and more researched data than all other rental sites.
www.apartments.com www.apartments.com
 
These "bans" never work. Canada tried it in the Vancouver/Victoria market and - to quote Dr. Ian Malcolm - "life finds a way". Shadow buyers, LLC's and other ways to obfuscate sales got around these bans in Canada, as they will here as well.
 
$2.8 mil list price for this home and it’s under contract. It’s way overpriced IMO. Some buyers are really desperate.

redf.in

131 Paxton, Irvine, CA 92620 - 4 beds/4.5 baths

(CRMLS) Sold: 4 beds, 4.5 baths, 3354 sq. ft. house located at 131 Paxton, Irvine, CA 92620 sold for $2,760,000 on May 31, 2023. MLS# OC23045936. Exceptional Two-Story Corner Lot Single-Family Home built i...
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Danimal said:
$2.8 mil list price for this home and it’s under contract. It’s way overpriced IMO. Some buyers are really desperate.

redf.in

131 Paxton, Irvine, CA 92620 - 4 beds/4.5 baths

(CRMLS) Sold: 4 beds, 4.5 baths, 3354 sq. ft. house located at 131 Paxton, Irvine, CA 92620 sold for $2,760,000 on May 31, 2023. MLS# OC23045936. Exceptional Two-Story Corner Lot Single-Family Home built i...
redf.in redf.in
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It is overpriced, but not really way overpriced if you think about it. Size-wise, this is comparable to Cielo plan 3 in PS, which is selling for $2.7M. The lot of this home is very small, but it's EW, so...
 
CalBears96 said:
It is overpriced, but not really way overpriced if you think about it. Size-wise, this is comparable to Cielo plan 3 in PS, which is selling for $2.7M. The lot of this home is very small, but it's EW, so...
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Took over a month to go into escrow, no way it's closing for the list price.
 
Ok, this place is crazy, recently a nearby house was listed for 1.55m and sold for 1.65m, closing on 5/1. Now this place is asking $1.8m!

www.zillow.com

9 Carmichael, Irvine, CA 92602 | Zillow

9 Carmichael, Irvine CA, is a Single Family home that contains 2281 sq ft and was built in 2001.It contains 4 bedrooms and 3 bathrooms.This home last sold for $1,780,000 in June 2023. The Zestimate for this Single Family is $2,059,400, which has increased by $13,216 in the last 30 days.The...
www.zillow.com www.zillow.com
 
Couple of houses just closed escrow with crazy prices.

My friend put in an offer below ask price 😀
redf.in

70 Chantilly, Irvine, CA 92620 - 3 beds/2.5 baths

(CRMLS) Sold: 3 beds, 2.5 baths, 1593 sq. ft. condo located at 70 Chantilly, Irvine, CA 92620 sold for $1,333,000 on May 31, 2023. MLS# OC23074787. Beautiful Woodbury detached home end unit with 3 bedrooms...
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This one gotta be highest price/sqft for SFH in Eastwood.
redf.in

131 Paxton, Irvine, CA 92620 - 4 beds/4.5 baths

(CRMLS) Sold: 4 beds, 4.5 baths, 3354 sq. ft. house located at 131 Paxton, Irvine, CA 92620 sold for $2,760,000 on May 31, 2023. MLS# OC23045936. Exceptional Two-Story Corner Lot Single-Family Home built i...
redf.in redf.in
 
Danimal said:
Couple of houses just closed escrow with crazy prices.

This one gotta be highest price/sqft for SFH in Eastwood.
redf.in

131 Paxton, Irvine, CA 92620 - 4 beds/4.5 baths

(CRMLS) Sold: 4 beds, 4.5 baths, 3354 sq. ft. house located at 131 Paxton, Irvine, CA 92620 sold for $2,760,000 on May 31, 2023. MLS# OC23045936. Exceptional Two-Story Corner Lot Single-Family Home built i...
redf.in redf.in
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2.76 MIL.. not the original asking price, but close enough.
Holy cow.
 
usctrojancpa said:
It's right next to the lake so homes like this will take a big premiums similar to how view lots have big premiums. Location, location, location.
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I guess I just never thought I would see the day where a place off of North Lake was priced that high per ft. Good for the sellers though!
 
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