Properties Closing Less than Previous Purchase Price
- Thread starter woodburyowner
- Start date
NEW -> Contingent Buyer Assistance Program
That's interesting. Because this one...
https://www.redfin.com/CA/Irvine/8-Willowbrook-92604/home/4687462
... the exact same model match, sold for $1.305m in June and Nighthawk looks like it has some nice upgrades for $25k less.
Still no pics yet but that should change. Maybe this was a flip, 2 months of renos and a much higher price.
Can't wait to see their design choices.
Over $600/sf for an old house even if it's fully renovated will be a stretch.
For every one of your example listing that sold for less than previous purchased price, there are ten if not, hundreds of homes that sold at the same time for profit.
Why don't you post some of those? You get what I am saying.
You are correct. I jumped the gun.
Whoa that is a nice Capella with lots of upgrades made post escrow close I?m sure. Owners really took a bath. Originally listed for $1.8M and closed for $1.4M
What is so offputting about Capella? No yard, sure but that is most TIC new homes anyhow. I do think the Capella neighborhood and streets feel a bit too condensed in general but wonder if there is some other reason we?re not thinking about.
the market for these big houses > 4000 sq ft, is really slow, in multiple neighborhoods in Irvine. I don't think the problem is Beacon Park/Great Park per se, its just the market for this type of property. There's a lot to choose from (and including all the new builds in this category), and not enough buyers.
There are other big houses closing less than prior purchase price, or losing money after you factor in commissions, in Northwood Pointe, Quail Hill, Orchard Hills, Woodbury, Great Park, Portola Springs, you name it.
There are other big houses closing less than prior purchase price, or losing money after you factor in commissions, in Northwood Pointe, Quail Hill, Orchard Hills, Woodbury, Great Park, Portola Springs, you name it.
They mention Irvine here:https://news.yahoo.com/chinese-buyers-pull-back-u-143453247.html
Checkout this Lumiere flip, what a bargain...https://www.redfin.com/CA/Irvine/56...SUDK6CdV0QsvzCfTArE71lix9wRiJhRhn_qlNCknuVRlE
Checkout this Lumiere flip, what a bargain...https://www.redfin.com/CA/Irvine/56...SUDK6CdV0QsvzCfTArE71lix9wRiJhRhn_qlNCknuVRlE
curious george
Member
irvinehomeowner
Well-known member
curious george said:
That's interesting. Because this one...
https://www.redfin.com/CA/Irvine/8-Willowbrook-92604/home/4687462
... the exact same model match, sold for $1.305m in June and Nighthawk looks like it has some nice upgrades for $25k less.
curious george
Member
8 willowbrook - buyer was the listing & buyer agent....
irvinehomeowner
Well-known member
Leaf said:
Still no pics yet but that should change. Maybe this was a flip, 2 months of renos and a much higher price.
Can't wait to see their design choices.
usctrojancpa
Well-known member
irvinehomeowner said:
Over $600/sf for an old house even if it's fully renovated will be a stretch.
irvinebullhousing
Well-known member
meccos12 said:
For every one of your example listing that sold for less than previous purchased price, there are ten if not, hundreds of homes that sold at the same time for profit.
Why don't you post some of those? You get what I am saying.
irvinebullhousing
Well-known member
meccos12 said:
You are correct. I jumped the gun.
woodburyowner
Well-known member
https://www.redfin.com/CA/Irvine/115-Bridle-Path-92602/home/58551629
11/2014 - $1.516M
12/2019 - $1.4M
The curse of Capella strikes again.
11/2014 - $1.516M
12/2019 - $1.4M
The curse of Capella strikes again.
aquabliss
Well-known member
woodburyowner said:
Whoa that is a nice Capella with lots of upgrades made post escrow close I?m sure. Owners really took a bath. Originally listed for $1.8M and closed for $1.4M
What is so offputting about Capella? No yard, sure but that is most TIC new homes anyhow. I do think the Capella neighborhood and streets feel a bit too condensed in general but wonder if there is some other reason we?re not thinking about.
I think part of the problem is its essentially a large 2 br house with lots of nice high end finishes. 1.4 M seems pretty steep for 2 bedrooms.
The owners over customized and turned the downstairs into an office with built ins and then turned one of the upstairs bedrooms into a huge walk in closet, again with built ins. Of course, you can convert back, but its a pain. It limits the buyer pool, which is presumably mostly families in that area. Would have been better to go basic and keep the functionality of the extra bedrooms.
The owners over customized and turned the downstairs into an office with built ins and then turned one of the upstairs bedrooms into a huge walk in closet, again with built ins. Of course, you can convert back, but its a pain. It limits the buyer pool, which is presumably mostly families in that area. Would have been better to go basic and keep the functionality of the extra bedrooms.