Newer Irvine listings with crazy WTF asking prices from equity sellers

NEW -> Contingent Buyer Assistance Program
The buyers Redfin agent must not be a great negotiator...

Anyone else see that Redfin is quitting the NAR?

 
$1.29m for a 1200 sq ft attached condo 🤔

They must be on crack...Those are not worth OVER 1k a foot. You don't even have an outdoor space and you have a neighbor above you.
 
Woodbury has its premium but not $1k/sqft. Lots of people love woodbury because of the amenities and the school for some reasons.

Sold my house there last year for near $800/sqft and i thought it was already expensive 😀.

The only thing I miss is Woodbury 7 pools vs 2 in Eastwood.
 
Is it worth it buying this "murder suicide" house for a great price at around 25%-30% below market?

 
Is it worth it buying this "murder suicide" house for a great price at around 25%-30% below market?

should be even lower than that since it's next to the 261 freeway. or maybe we should call it the murder and freeway premium?
 
Is it worth it buying this "murder suicide" house for a great price at around 25%-30% below market?

Man I was so close to buying this floor plan from the builder in 2020 for like $1,350,000. Stars didn't align though. Would have should have...

And yes, I would buy a murder/suicide house for 30% below market as long as there's no remaining evidence (stains, smells, etc).
 
Just saw a listing (here not irvine) advertising assumable loan at 6 5/8% interest. They want an extra 10% from their purchase price 6 months ago. (a nothing special 8 year old house) LOL!!!! I should go to an open house so I can laugh at the realtor.
 
Is it worth it buying this "murder suicide" house for a great price at around 25%-30% below market?

I am keeping a short list on this 58 Riverboat.

The home has been done very nicely. Purchased in 2018 for $1.5M, from my assessement, it has at least 300K in upgrade landscape and pool.

Inside and outside looks fantastic. The history of the homes will filter out 90% of the home buyers, since, majority of the buyer on the market today
will buy it for move in and live in. I will take a 25 % reduction on the original purchased price in 2018 for ghosts family. Completey serious.
 
I am keeping a short list on this 58 Riverboat.

The home has been done very nicely. Purchased in 2018 for $1.5M, from my assessement, it has at least 300K in upgrade landscape and pool.

Inside and outside looks fantastic. The history of the homes will filter out 90% of the home buyers, since, majority of the buyer on the market today
will buy it for move in and live in. I will take a 25 % reduction on the original purchased price in 2018 for ghosts family. Completey serious.

I think the fair market price for this should be around $2.5 to $2.8 million with the upgrades, pool, and the large yard without the ghosts. This comparable just listed today for $2.35 million with far inferior options and no pool - https://www.redfin.com/CA/Irvine/57-Lugano-92602/home/112726807. Very tempting to buy as an investment property and rent it out until ghosts move on in peace.
 
I think the fair market price for this should be around $2.5 to $2.8 million with the upgrades, pool, and the large yard without the ghosts. This comparable just listed today for $2.35 million with far inferior options and no pool - https://www.redfin.com/CA/Irvine/57-Lugano-92602/home/112726807. Very tempting to buy as an investment property and rent it out until ghosts move on in peace.
This one is inferior in every single way, smaller sq ft and 1.5 fewer baths. Not to mention quite a bit smaller lot size as well. I would say FMV for ghost house is probably on the upper end of your estimate, $2.8M.
 
The fact that we think a house next to the freeway is worth 2.8m without the ghost tells one exactly that Irvine market makes zero sense. Irvine home prices are artificially jacked up and supported by FCBs. The primary residence owners are the ones suffering because they are paying for the artificially inflated price. it's all good and fun until something bad happens on the political side.
 
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