Newer Irvine listings with crazy WTF asking prices from equity sellers
- Thread starter usctrojancpa
- Start date
NEW -> Contingent Buyer Assistance Program
I love it when people say "market value". If TIC thought they could get more, they'd charge more. In fact, does anyone know if the subsequent phases of the Stonegate went up in price? Apples to Apples maybe not available I know, since I heard they had some forced upgrades.
the base price of san mateo from phase 1 to 3 went up $1000... $500 each phase... but you are correct all of them had upgrades picked out.
I took a look at this property the other day and it's a far cry from the Torrey Pine property. The selling agents like to say that it's upgraded, but with different type of upgrades vs. the Torrey Pine property. This property definitely doesn't have any builder done upgrades. The travertine installation looks very poor and the paint job is terrible (take a look at the edges). Also, the bathrooms and laundry room have vinyl flooring! Countertops are cultured marble or ceramic tiles (except for the basic color granite in kitchen). I guess the most annoying thing about this property is that the downstairs room is actually a den/office. There is no door! I'm not sure how you would install a door since the hallway has a curved ceiling. I'd be shocked if someone buys this property for the asking price of $849k.
I have to agree with you there.
irvinehomeowner
Well-known member
Caddyshack tech!!!sgip said:
Sorry to post on topic, but I overheard the following conversation while walking through the stonegate models last week.
Ponzi 1: Hey, long time no see. You looking to buy one of these?
Ponzi 2: Nah, just scoping out the competition. Our house was on the market for a while, but you just can't compete when [the Irvine company] is selling these way under market.
Ponzi 1: Same here. Guess we'll try again later this year.
Seems to me like the owners of the type of houses many of us are actually looking for (4br/3ba) are still totally convinced that their houses are worth 2006 prices. Since they aren't going to be as squeezed for space as those of us looking to get into something bigger, they can just remain blissfully ignorant and wait for a sucker to come along and buy their house for way too much. In the meantime, the rest of us end up scrambling for the few that come to market at reasonable prices, or contemplating living by a landfill and freeway. This sucks.
Ponzi 1: Hey, long time no see. You looking to buy one of these?
Ponzi 2: Nah, just scoping out the competition. Our house was on the market for a while, but you just can't compete when [the Irvine company] is selling these way under market.
Ponzi 1: Same here. Guess we'll try again later this year.
Seems to me like the owners of the type of houses many of us are actually looking for (4br/3ba) are still totally convinced that their houses are worth 2006 prices. Since they aren't going to be as squeezed for space as those of us looking to get into something bigger, they can just remain blissfully ignorant and wait for a sucker to come along and buy their house for way too much. In the meantime, the rest of us end up scrambling for the few that come to market at reasonable prices, or contemplating living by a landfill and freeway. This sucks.
usctrojancpa
Well-known member
Under market? haha Not after you add in upgrades and landscaping. Those Stonegate homes are priced for perfection.uciguy said:
uciguy said:
I love it when people say "market value". If TIC thought they could get more, they'd charge more. In fact, does anyone know if the subsequent phases of the Stonegate went up in price? Apples to Apples maybe not available I know, since I heard they had some forced upgrades.
irvinehomeowner
Well-known member
I think ps9 in his Maricopa/LV thread said Maricopa went up $700. LV went up $10k from Phase 1 to Phase 3.
villiagepeople
New member
shadax said:
the base price of san mateo from phase 1 to 3 went up $1000... $500 each phase... but you are correct all of them had upgrades picked out.
woodburyowner
Well-known member
akim997 said:
I took a look at this property the other day and it's a far cry from the Torrey Pine property. The selling agents like to say that it's upgraded, but with different type of upgrades vs. the Torrey Pine property. This property definitely doesn't have any builder done upgrades. The travertine installation looks very poor and the paint job is terrible (take a look at the edges). Also, the bathrooms and laundry room have vinyl flooring! Countertops are cultured marble or ceramic tiles (except for the basic color granite in kitchen). I guess the most annoying thing about this property is that the downstairs room is actually a den/office. There is no door! I'm not sure how you would install a door since the hallway has a curved ceiling. I'd be shocked if someone buys this property for the asking price of $849k.
irvinehomeowner
Well-known member
The smaller the units, the higher the $/sft... especially in premium areas.
That's why $/sft is tough metric to use.
That's why $/sft is tough metric to use.
What is up with Tri-Star Realty and Carl Wuestehube? Seem like he's a paid-for proxy MLS lister? It's like a FSBO but on MLS? Wouldn't that be somewhat against the rules to be on MLS as an agent representing a property, but then have no fiduciary responsibilities on representation? Seems like I see his name quite often with WTF asking prices. I guess the homeowners are setting these WTF prices without a realtor to put a reality check in them...
homer_simpson
Well-known member
woodburyowner said:
I have to agree with you there.
woodburyowner
Well-known member
28 Secret Garden has been delisted. Guess the recent closed sales and pending short sale scared off the seller. I would say the property is worth about $800k.
saw this, too..and agree..must be the worst remodel I've ever seen. They've removed the graceful arches in the hallways and turned them into low square ones, moved all the electrical outlets to the hideous floorboards, closed off the wall between the living and dining, making both spaces seem smaller and darker, removed the fireplace in the family room, ..flooring is odd, the sink in the powder room odder. i wonder about the quality of the remodel, too..seems sloppy...and worry about the integrity of the walls / house given what they've done..
the lot is very nice, though.
the lot is very nice, though.
shokunin said:
ps99472
New member
http://www.redfin.com/CA/Irvine/65-Winding-Way-92620/home/5959025
1.3 million, maybe it's one of those IHS baby houses
do we really need this pic? at least keep the lid down! Is the pee catcher included in the 1.3 mil?
1.3 million, maybe it's one of those IHS baby houses
do we really need this pic? at least keep the lid down! Is the pee catcher included in the 1.3 mil?
irvinehomeshopper
Well-known member
I would be ashamed to live next to a neighbor like this one. $1.3 m and $100k of decoration got them this. I checked out the other photos. The rooms and towels everywhere look like a refugee camp or the towels remind me another .............. nevermind. Get rid of the extra refrigerators in the garage and in the yard.
ps9 said:http://www.redfin.com/CA/Irvine/65-Winding-Way-92620/home/5959025
1.3 million, maybe it's one of those IHS baby houses
do we really need this pic? at least keep the lid down! Is the pee catcher included in the 1.3 mil?