Newer Irvine listings with crazy WTF asking prices from equity sellers

[usctrojancpa]

Nice house with a sweet pool in the backyard, but over $700/sf???  Where do these sellers think they are?  Turtle Ridge?  haha
https://www.redfin.com/CA/Irvine/66-Domani-92618/home/45367354

Can't believe they went so cheap on the downstairs tiles, they look fugly. 

Whoa they stucco'd the cinder block wall in the back yard!  I totally wanted to do that but cost like $8k-$10k that I didn't feel like spending.

Your right about the downstairs tile.  At least get plank tile or diamond set your square tile!

Yup, you'll never get that money back.  Maybe they ran out of money and had to cut a few corners like the hideous file flooring.  $900k gain in 2 years?  Don't they know that the gain exemption is only $500k for married couples?  haha

 

[aquabliss]

https://www.redfin.com/CA/Foothill-Ranch/6-Alamitos-92610/home/4797946?utm_medium=email&utm_content=home_image&utm_campaign=listings_update&utm_source=myredfin

$537 sq/ft in Lake Forest proper for a home built in 1992... #nothappening

 

[Irvinecommuter]

https://www.redfin.com/CA/Foothill-Ranch/6-Alamitos-92610/home/4797946?utm_medium=email&utm_content=home_image&utm_campaign=listings_update&utm_source=myredfin

$537 sq/ft in Lake Forest proper for a home built in 1992... #nothappening

LOL...terrible pics as well.

My favorite part of the description:

Adjacent to Irvine and the new Toll Brothers development in Lake Forest

That's not how real estate works.

 

[lacoste]

https://www.redfin.com/CA/Foothill-Ranch/6-Alamitos-92610/home/4797946?utm_medium=email&utm_content=home_image&utm_campaign=listings_update&utm_source=myredfin

$537 sq/ft in Lake Forest proper for a home built in 1992... #nothappening

"lake forest proper" is 92630. this is 92610. foothill ranch. a little high but not lake forest proper.

 

[bones]

https://www.redfin.com/CA/Foothill-Ranch/6-Alamitos-92610/home/4797946?utm_medium=email&utm_content=home_image&utm_campaign=listings_update&utm_source=myredfin

$537 sq/ft in Lake Forest proper for a home built in 1992... #nothappening

Wtf. Get this lake forest ish outta this irvine real estate thread. You should know better Ronnie.

x4

 

[aquabliss]

https://www.redfin.com/CA/Foothill-Ranch/6-Alamitos-92610/home/4797946?utm_medium=email&utm_content=home_image&utm_campaign=listings_update&utm_source=myredfin

$537 sq/ft in Lake Forest proper for a home built in 1992... #nothappening

Wtf. Get this lake forest ish outta this irvine real estate thread. You should know better Ronnie.

x4

Ya I know but I'm like too lazy to start a WTF OC Real Estate thread (sigh)...

 

[usctrojancpa]

Foothill Ranch is trading around $330-$350/sf...got this big lot home for a client earlier this year...
https://www.redfin.com/CA/Foothill-Ranch/21-Mallorca-92610/home/4798750

Not over $500/sf....what a waste of time for everyone.  I bet they get 0 showings because it won't come up on anyone search for Foothill Ranch.

 

[aquabliss]

Sometimes I just don't get people.  I can only imagine how this happens:

Homeowner: Mr. RE Agent, I'd like you to put my house on the market?
RE Agent: Oh great, you mean your 4,600sq ft home in coveted Lambert Ranch?
Homeowner: Yes, that's the one, let's list it for $2.35M
RE Agent: OK I'll have my professional photographer come over this weekend.
Homeowner: Naaaa, that's ok, I just took some pics with my iPhone and I'll send 'em over to you.
RE Agent: You want to list your $2.35M home with iPhone pictures?
Homeowner: Ya, it's a hobby of mine and they will come out great.
RE Agent: (sigh), ok you're the boss - just email them to me and I'll create the listing.

And thus, the product:https://www.redfin.com/CA/Irvine/74-Clifford-92618/home/96703971

 

[qwerty]

We have that exact granite and espresso cabinets as well. Great taste but the sellers

 

[aquabliss]

We have that exact granite and espresso cabinets as well. Great taste but the sellers

I thought you did 6" granite backsplash with tile the rest of the way up.  It's the new hotness.

 

[irvinehomeowner]

Those pics are actually better than others I've seen.

Like the ones that have the date/time stamp in the corner... or where you can see the picture taker and the flash.

Agent should have checked the orientation (position-wise not race ) of a couple of those pics though before he uploaded them to the MLS.

 

[aquabliss]

Here's the webpage of the agency that has the listing:http://teamspiritrealty.mytsr.us/

Talk about information overload.  Looks like my college freshman webpage creation project. 

This explains everything.

 

[lovingit]

https://www.redfin.com/CA/Irvine/121-Cardinal-92618/home/51682498

Nice upgrades but not sure its worth the extra $400k premium in a year.

 

[bones]

https://www.redfin.com/CA/Irvine/121-Cardinal-92618/home/51682498

Nice upgrades but not sure its worth the extra $400k premium in a year.

Can't comment on the house since I haven't see it but that realtor (or one of her peeps) decided it was a good idea to stop her car IN the PP traffic circle, get out of the car and stomp her sign into the ground for a few minutes.

 

[tentfox]

That terrace looks pretty amazing and all the upgrades are very tasteful. There is some room to move, but I wouldn't say it is a "WTF" price.

 

[nyc to oc]

That terrace looks pretty amazing and all the upgrades are very tasteful. There is some room to move, but I wouldn't say it is a "WTF" price.

Well, considering that its been on the market for 96 days with no takers, I think the market has spoken....of course, they started with an asking price at $1.558M for less than 3000 sq ft, which is even more ridiculous, and now its a stale listing.

 

[usctrojancpa]

That terrace looks pretty amazing and all the upgrades are very tasteful. There is some room to move, but I wouldn't say it is a "WTF" price.

Well, considering that its been on the market for 96 days with no takers, I think the market has spoken....of course, they started with an asking price at $1.558M for less than 3000 sq ft, which is even more ridiculous, and now its a stale listing.

The market has spoken...it's overpriced even at the $1.495m price.  In general, the market for $1m+ homes has slowed down a bit since late Spring.  More price drops are requested for this one to sell since it's already been on the market for 90+ days and will be fighting the "what's wrong with this home" buyer mentality.

 

[jajji]

1.5 mil for no privacy in the backyard  :-\

 

[bones]

Not sure this is really a WTF listing but didn't want to create a new thread for it.

Just got a redfin notice for 55 Parson Brown in Lambert Ranch.  Thought it was a TNHC house but it's the Lambert home built in 1925.  On 1.6 acres.  $2.2M.  Wonder if you can do a tear down?
https://www.redfin.com/CA/Irvine/55-Parson-Brown-92618/home/101329364

 

[aquabliss]

Not sure this is really a WTF listing but didn't want to create a new thread for it.

Just got a redfin notice for 55 Parson Brown in Lambert Ranch.  Thought it was a TNHC house but it's the Lambert home built in 1925.  On 1.6 acres.  $2.2M.  Wonder if you can do a tear down?
https://www.redfin.com/CA/Irvine/55-Parson-Brown-92618/home/101329364

Holy crap look at this:
http://www.flex-e-bill.com/OCTLink/Show.aspx?parcel=580-271-49&year=2015

Somebody has lived there a long time.  And if they are over 55 they can buy a $2M house and transfer that property tax base... That's the way to go.

This is like the property tax bill of my dreams.  This will go from $1,500 to $22,000 after it's sold.