Newer Irvine listings with crazy WTF asking prices from equity sellers

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sgip said:
Perhaps they think this home is going to support the appraisal:

www.redfin.com

303 Paradiso, Irvine, CA 92602 - 4 beds/3 baths

(CRMLS) Sold: 4 beds, 3 baths, 2548 sq. ft. house located at 303 Paradiso, Irvine, CA 92602 sold for $3,300,000 on May 15, 2023. MLS# OC23051864. Beautifully designed and updated, this Orchard Hills home i...
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Well, this one has a much bigger lot, 5587 sq ft vs. 4352 sq ft, so that won't fly. Even then, the one on 303 Paradiso was way overpriced. Seller of 100 Avento is just delusional.

Edit: I just checked the photos from 303 Paradiso. It's a view lot, so $3.3M may be reasonable for it, considering it looks like they put a lot in the backyard as well. Photos for 100 Avento don't show anything, so I can't tell if it's a view lot or not, but most likely not, considering it sold for $2.36M.
 
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irviniteeee said:
This one genuinely shocked me...about 600k over ask.

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4 Bridgeview #48, Irvine, CA 92604 - 3 beds/2.5 baths

(CRMLS) Sold: 3 beds, 2.5 baths, 1670 sq. ft. condo located at 4 Bridgeview #48, Irvine, CA 92604 sold for $2,330,000 on Jun 6, 2023. MLS# OC23076829. This one-of-a-kind, spectacular lakefront property on ...
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An attached 2 level condo for 2.33m. This isn't Lake Louise or Moraine Lake... The owner better be swimming in that lake everyday for the rest of his/her life. Even then the premium is not justified.
 
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thwang99 said:
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...
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Closed for $1,780,000 on 06/07/23
 
I can see a premium on Bridgeview given the location, but $2.3m for a home that seems to still have builder original windows? No thanks.

Curious if this location has a view of the mountains on a clear day. Anyone know?
 
sleepy5136 said:
An attached 2 level condo for 2.33m. This isn't Lake Louise or Moraine Lake... The owner better be swimming in that lake everyday for the rest of his/her life. Even then the premium is not justified.
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Insane. I love that neighborhood but what an insane sales price. Maybe it's the plastic surgeon down the footpath.
 
sleepy5136 said:
An attached 2 level condo for 2.33m. This isn't Lake Louise or Moraine Lake... The owner better be swimming in that lake everyday for the rest of his/her life. Even then the premium is not justified.
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The thought of swimming in North Lake makes me shudder. I get the feeling it wasn't a local who bought that because I don't see anyone familiar with Woodbridge paying that much for that place...I just don't.
 
zovall said:
This closed for $400k over asking... wow
www.redfin.com

16 Meryton, Irvine, CA 92603 - 5 beds/4.5 baths

(CRMLS) Sold: 5 beds, 4.5 baths, 4015 sq. ft. house located at 16 Meryton, Irvine, CA 92603 sold for $4,700,000 on Jun 23, 2023. MLS# OC23086473. Your showstopper dream home is now available in the prestig...
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I kind of understand the selling price because it's somewhat thoroughly renovated which isn't common in TR Summit & has a decent sized backyard, but at the same time, I'm kind of surprised about the price because that street butts up to Ridgeline & the back gate. This home backs up to the gate & isn't as secluded or deep inside the gated community. I honestly thought that would make it sell for less.
 
I guess that happens when there's lack of inventory. If the buyer really wants to live in this community, then there isn't much of a choice.
 
I definitely agree with the thoughts above. This is a beautiful guard-gated neighborhood with larger homes/lots in Turtle Rock. The fact that there these are getting so much over asking makes me feel like the high end is having a resurgence in Irvine. I look forward to hearing USC's next report.
 
These homes are also more custom....They aren't cookie cutter homes like most of Irvine and lots are huge. You don't have windows that can look directly into your entire room....Also not an attached condo :)

And no MR......
 
sleepy5136 said:
These homes are also more custom....They aren't cookie cutter homes like most of Irvine and lots are huge. You don't have windows that can look directly into your entire room....Also not an attached condo :)

And no MR......
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Eh...they're still cookie cutter tract homes made by Standard Pacific. Think of them as luxury homes though, definitely not basic. Well, the Meryton tract is more basic than the tract the Knowles home is in. The tract & floorplans that the Meryton home is in actually has been duplicated in numerous places. That being said, I love that community.
 
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