The Motor Court Company
Well-known member
Ideal lot size should be at least 2x of interior square footage.
Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
I'm curious if you guys think that this kind of home would be hard to unload if the FCB dried up for some reason. I'm not saying it's likely they'd dry up, but let's say there was some extra tax California or OC decided to enact, and using houses as a place to park money fell out of favor.
Will people still buy this kind of house in Irvine?
However, there's a slight difference between the Elderberry and the IP homes in that the IP homes are Z shape, meaning one side (most of the time Great room) gives you at about 15 ft to the back wall, so they aren't too bad.
I like the single story homes built in 1960's next to University community park/Adventure Playground in University Park. I have a young child (3 years old) and the location would have been convenient, with kid's playground, Montessori school, elementary school, small library, community center with kid's activities, etc. Lots of actual kids running around playing, versus back when I lived in Oak Creek the playground was mostly empty.
Example: https://www.redfin.com/CA/Irvine/17-Butler-St-92612/home/4698893
www.zillow.com
On the down side, I think that house doesn't have a full driveway, and I wouldn't pay $1.4 mil for it either.
In addition to the Irvine housing premium, the Montessori school there also charges $1800-$2100/month (I pay about $1200 for my kid in Buena Park Montessori school).
For those unfamiliar with Adventure Playground:
www.cityofirvine.org
www.yelp.com
Which brings us to this new listing:
www.zillow.com
Funny how a 4766 sq ft lot is considered Extra Large Premium lot.
What about those Cielo 5k to 8k lots?
This is one of my favorite "neighborhoods" in Portola Springs in terms of feel. Lots of kids out and about. The housing mix could be better but maybe it's the housing mix that contributes to the feel. I know making fun of yard size is a national pastime on TI but that yard is serviceable.
Think of it as um... a patio. My buddy's nice big million dollar home in Orchid Hills is like this too. Fits a BBQ grill.
I've been wrong before but WOW is right, the market feels very FOMOish now. Should I list my house for $6m and see if I find a fish to bite?
Funny you should post this. We went to the open house for 17 Butler on Sunday. Nicely staged with a good amount of foot traffic. It's not a tear down like some of the other units that have transacted in the chancellor tract or the Mann "4bd" one for sale currently as well. Great neighborhood, I agree, but the amounts people are paying for teardown lots seem to be growing with no end in sight.
CalBears96
Well-known member
Ideally, yes, but that's not happening in Irvine. Well, a lot of Cielo homes do fit that category. Although mine is a bit smaller with 3225 sq ft home on 5107 sq ft lot, I still find it good enough.
irviniteeee
Active member
Over 1k a foot in the Willows.....
irviniteeee
Active member
It would be one thing if it was a 70s home in an actual coveted area, but this realtor just added that word for pizzazz. The Willows is not known to be some exclusive neighborhood.
The Motor Court Company
Well-known member
the Willows is the opposite of coveted lol...if Irvine has any ghettos, it is definitely one of them.
This backyard is a complete joke, looks like a side yard and not a backyard!It's not uncommon with new build homes, but who staged this outdoor furniture?!
ThirtySomethingWEquity
Active member
Wow that's awful.
I'm curious if you guys think that this kind of home would be hard to unload if the FCB dried up for some reason. I'm not saying it's likely they'd dry up, but let's say there was some extra tax California or OC decided to enact, and using houses as a place to park money fell out of favor.
Will people still buy this kind of house in Irvine?
CalBears96
Well-known member
Some of the Bluffs and Highland homes also are 5-8 ft to the back wall and most of the Olivewood homes are 5 ft to the back wall. I can't say much about Olivewood since it's at the starting phases, but I would say that most of the smaller lots Bluffs/Highland homes were bought by non FCBs.
However, there's a slight difference between the Elderberry and the IP homes in that the IP homes are Z shape, meaning one side (most of the time Great room) gives you at about 15 ft to the back wall, so they aren't too bad.
momopi
Well-known member
I like the single story homes built in 1960's next to University community park/Adventure Playground in University Park. I have a young child (3 years old) and the location would have been convenient, with kid's playground, Montessori school, elementary school, small library, community center with kid's activities, etc. Lots of actual kids running around playing, versus back when I lived in Oak Creek the playground was mostly empty.
Example: https://www.redfin.com/CA/Irvine/17-Butler-St-92612/home/4698893
17 Butler St, Irvine, CA 92612 | Zillow
17 Butler St, Irvine CA, is a Single Family home that contains 1684 sq ft and was built in 1965.It contains 3 bedrooms and 2 bathrooms.This home last sold for $1,575,000 in February 2024. The Rent Zestimate for this Single Family is $4,964/mo, which has increased by $4,964/mo in the last 30 days.
www.zillow.com
On the down side, I think that house doesn't have a full driveway, and I wouldn't pay $1.4 mil for it either.
In addition to the Irvine housing premium, the Montessori school there also charges $1800-$2100/month (I pay about $1200 for my kid in Buena Park Montessori school).
For those unfamiliar with Adventure Playground:
Adventure Playground
The Adventure Playground is a drop-in facility and available for everyone to enjoy. Explore Adventure Playground's many amenities, including: Tree House Sensory garden Climbing poles and stumps Slides Art wall Kids fort zone Meadows and natural play areas Large groups, private reservations and...
Adventure Playground - Irvine, CA
291 reviews and 408 photos of Adventure Playground "We just explored the newly reopened Irvine Adventure Playground and it is a MUST! After being closed for 5 years, it's reopened within the last few weeks. Families like ours will love the self-directed, non-bubble wrapped play environment...
www.yelp.com
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CalBears96
Well-known member
Wow...it's already under contract. Wonder what the offer price is.
Which brings us to this new listing:
114 Gemini, Irvine, CA 92618 | Zillow
114 Gemini, Irvine CA, is a Single Family home that contains 3174 sq ft and was built in 2021.It contains 4 bedrooms and 5 bathrooms.This home last sold for $3,010,000 in April 2024. The Zestimate for this Single Family is $3,046,900, which has decreased by $15,748 in the last 30 days.The Rent...
www.zillow.com
Funny how a 4766 sq ft lot is considered Extra Large Premium lot.
What about those Cielo 5k to 8k lots?Wow...it's already under contract. Wonder what the offer price is.
Which brings us to this new listing:
114 Gemini, Irvine, CA 92618 | Zillow
114 Gemini, Irvine CA, is a Single Family home that contains 3174 sq ft and was built in 2021.It contains 4 bedrooms and 5 bathrooms.This home last sold for $3,010,000 in April 2024. The Zestimate for this Single Family is $3,046,900, which has decreased by $15,748 in the last 30 days.The Rent...
Funny how a 4766 sq ft lot is considered Extra Large Premium lot.
This is one of my favorite "neighborhoods" in Portola Springs in terms of feel. Lots of kids out and about. The housing mix could be better but maybe it's the housing mix that contributes to the feel. I know making fun of yard size is a national pastime on TI but that yard is serviceable.
momopi
Well-known member
Think of it as um... a patio. My buddy's nice big million dollar home in Orchid Hills is like this too. Fits a BBQ grill.
CalBears96
Well-known member
The 114 Gemini backyard is pretty big, but I just find the term EXTRA LARGE as its description funny. Perhaps that lot size is extra large for Elderberry, considering how small the other ones are.
Is it one of the Palermo or Padova homes at the Groves in OH which have really small backyards?
usctrojancpa
Well-known member
Wow...it's already under contract. Wonder what the offer price is.
Which brings us to this new listing:
114 Gemini, Irvine, CA 92618 | Zillow
114 Gemini, Irvine CA, is a Single Family home that contains 3174 sq ft and was built in 2021.It contains 4 bedrooms and 5 bathrooms.This home last sold for $3,010,000 in April 2024. The Zestimate for this Single Family is $3,046,900, which has decreased by $15,748 in the last 30 days.The Rent...
Funny how a 4766 sq ft lot is considered Extra Large Premium lot.
I've been wrong before but WOW is right, the market feels very FOMOish now. Should I list my house for $6m and see if I find a fish to bite?
CalBears96
Well-known member
I hope the market is still FOMOish when we sell our Bluffs home in Aug/Sept.I've been wrong before but WOW is right, the market feels very FOMOish now. Should I list my house for $6m and see if I find a fish to bite?
Hugo Township
Active member
I like the single story homes built in 1960's next to University community park/Adventure Playground in University Park. I have a young child (3 years old) and the location would have been convenient, with kid's playground, Montessori school, elementary school, small library, community center with kid's activities, etc. Lots of actual kids running around playing, versus back when I lived in Oak Creek the playground was mostly empty.
Example: https://www.redfin.com/CA/Irvine/17-Butler-St-92612/home/4698893
On the down side, I think that house doesn't have a full driveway, and I wouldn't pay $1.4 mil for it either.
In addition to the Irvine housing premium, the Montessori school there also charges $1800-$2100/month (I pay about $1200 for my kid in Buena Park Montessori school).
For those unfamiliar with Adventure Playground:
Adventure Playground
The Adventure Playground is a drop-in facility and available for everyone to enjoy. Explore Adventure Playground's many amenities, including: Tree House Sensory garden Climbing poles and stumps Slides Art wall Kids fort zone Meadows and natural play areas Large groups, private reservations and...Adventure Playground - Irvine, CA
291 reviews and 408 photos of Adventure Playground "We just explored the newly reopened Irvine Adventure Playground and it is a MUST! After being closed for 5 years, it's reopened within the last few weeks. Families like ours will love the self-directed, non-bubble wrapped play environment...
Funny you should post this. We went to the open house for 17 Butler on Sunday. Nicely staged with a good amount of foot traffic. It's not a tear down like some of the other units that have transacted in the chancellor tract or the Mann "4bd" one for sale currently as well. Great neighborhood, I agree, but the amounts people are paying for teardown lots seem to be growing with no end in sight.
sgip
Well-known member
I've not driven the area in a while. Are these being torn down and rebuilt or simply rehabbed?
irviniteeee
Active member
That neighborhood seems to be becoming teardown central. Many homes are being torn down and big 4k square foot homes are being built in their place. They don't match the neighborhood at all, but oh well.
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