Newer Irvine listings with crazy WTF asking prices from equity sellers

[Irvine2023]

Over $1000 per sqft in EW now.

https://redf.in/Rx0y9C

$997/sq ft in Stonegate. That’s a hell of a ROI. Bought in September 2020 for $1.065m, and sold 3.5 years later for $2.108m. No renovations as far as I can tell compared to the pics from 2020. I like how their staging consists of leaving a plant in a corner in each room.

https://www.redfin.com/CA/Irvine/55-Diamond-92620/home/45382962

 

[usctrojancpa]

View attachment 9709

https://www.redfin.com/CA/Irvine/19051-Croyden-Ter-92603/home/4740080

They won't get list for that home given what Sierra Siena closed for.

 

[thwang99]

Sold 1.8m in December 2023, just sold $2.68m!!

14 Inglenook, Irvine, CA 92602 | Zillow

14 Inglenook, Irvine CA, is a Single Family home that contains 2971 sq ft and was built in 2005.It contains 5 bedrooms and 4 bathrooms.This home last sold for $2,680,000 in April 2024. The Zestimate for this Single Family is $2,692,400, which has increased by $177,260 in the last 30 days.The...

www.zillow.com

 

[sgip]

Sold 1.8m in December 2023, just sold $2.68m!!

14 Inglenook, Irvine, CA 92602 | Zillow

14 Inglenook, Irvine CA, is a Single Family home that contains 2971 sq ft and was built in 2005.It contains 5 bedrooms and 4 bathrooms.This home last sold for $2,680,000 in April 2024. The Zestimate for this Single Family is $2,692,400, which has increased by $177,260 in the last 30 days.The...

www.zillow.com

Bought at $100k under list. Sold at $90k over list. Given the "gingerbreading" done to the property (no significant improvements like SF/Solar/yardwork, etc) that probably ran under $200k, Shuyin Investments, LLC did well, netting about $500k or so after every possible expense.

MAX ROI!! BAY BEEE

 

[CalBears96]

This one is really WFT price. Bluffs 1, listed at $2.68M and sold at $2.72M.

https://www.redfin.com/CA/Irvine/119-Petunia-92618/home/190224993

There are two Bluffs 1 on the market, listed at $2.38M and $2.39M, and nobody is even sniffing at them. How the hell did that one go for more than $300k more?

Oh, by the way, the final price for my Cielo 1 is $2.726M, which has about $166k upgrades.

 

[irvinehomeowner]

Oh, by the way, the final price for my Cielo 1 is $2.726M, which has about $166k upgrades

I haven't kept track... was that for more than what you bought it for?

 

[CalBears96]

I haven't kept track... was that for more than what you bought it for?

Not sure what you meant. Are you referring to my Bluffs home that I'm currently living at, or Cielo home that I'll be moving to?

 

[irvinehomeowner]

Oh you haven't moved yet. I meant your Bluffs home.

 

[CalBears96]

Oh you haven't moved yet. I meant your Bluffs home.

Close of escrow for Cielo is mid July. As for my Bluffs 2 home, I bought it for $1.684M, which was fully upgraded. Don't now how much I can list it at. This one seems like an outlier WTF price. The other two Bluffs 1 homes are still sitting on the market at $2.38M and $2.39M.

I can't close escrow on Bluffs until after Sep 16th because that's when I closed escrow on my Eastvale home two years ago.

 

[GrowthStateofMind]

Speaking of WTF prices, 1 bedroom now listing for $1.2 mil in Irvine

https://www.redfin.com/CA/Irvine/247-Carlow-92618/home/169482576

 

[usctrojancpa]

Speaking of WTF prices, 1 bedroom now listing for $1.2 mil in Irvine

https://www.redfin.com/CA/Irvine/247-Carlow-92618/home/169482576

Good luck with that.

 

[Loco_local]

I don’t know if this qualifies as a WTF price because personally I think everything in Irvine is a WTF price, but I wish HOAs would approve house colors like this one.

 

[B2FiNiTY]

That’s wild.

 

[DrTravel]

https://www.redfin.com/CA/Irvine/73-Copper-Mine-92602/home/109741082

Sold October 2023 for $2,200,000
Sold again March 2024 for $2,371,600 (+7.8% in 5 months)
Listed May 2024 at $2,880,000!! (+21.4% in 2 months)

Predicted sales price of $2,500,000 (+5.4% in 2 months)
Comes with a fully operational LS $$washer

 

[sgip]

"Comes with a fully operational LS $$Washer..."...

I get that reference.

 

[vsfan]

Speaking of WTF prices, 1 bedroom now listing for $1.2 mil in Irvine

https://www.redfin.com/CA/Irvine/247-Carlow-92618/home/169482576

That’s in 55+ community and it is the size of 2-3 bd condo. I mean, it is indeed designed for seniors with focus on the first floor.

 

[zovall]

Sold at $2.8M ($400k over asking)

https://www.redfin.com/CA/Irvine/18775-Via-San-Marco-92603/home/4738294

 

[irvinehomeowner]

Irvine real estate is so crazy right now... I've seen some homes sell for almost double than what they were just 10 years ago... and this is in millions not hundreds of thousands.

I've looked back at previous homes I've owned and sold and the appreciation is ridiculous.

So much pain in Irvine.

 

[zubs]

It's why you don't sell your home in CA.
you collect

 

[vsfan]

Irvine real estate is so crazy right now... I've seen some homes sell for almost double than what they were just 10 years ago... and this is in millions not hundreds of thousands.

I've looked back at previous homes I've owned and sold and the appreciation is ridiculous.

So much pain in Irvine.

The SFH in GP , already doubled from 2016.