irvine_home_owner_IHB
New member
[quote author="bkshopr" date=1241141150]Mahogany I designed in 1996. now selling for $1.5 million.
3 car garage in Irvine selling for $1.5 million
Both have same footage similar size yard
They are both resales. Lot sizes are similar as well. One is narrow and deep the other is wide and shallow.
Those of you are trying to apply land mathematic made the wrong assumption I was not referring to new homes.
Mahagony lot width is 60'x150'=9,000sf. The street and Right of Way in front of the home is 60'x57"=3420 sf. The total land used for home and street was 9,000+3420=12,420 sf. Mahogony lot is 1,000 sf bigger
Standard Pacific's Summit project is 80'x100'=8,000sf. The street and right of way in front of the home is 80'x57'=4560 sf.
The total land used for home and street was 8,000+ 4560=12,560 sf. Summits lot is 1,000 sf smaller because the 1,000sf was wasted for the longer street.
Value of the homes are the same because developer calculate the street into the selling price. Both properties has similar yard size. Consumer get a bigger lot at Mahogany. The extra 1,000 sf in Mahagany compensates for IR's comments so the back yard for both are the same.
Both properties are currently listed for $1.5 mil.</blockquote>
Wow... your post-fu is strong. You edited in it the middle of my response.
I was just going to say that by the looks of the pictures... they can't have the same lot size unless the 1st has zero backyard.
And your math is still suspect, you're bringing in right of way and street footage to obfuscate the issue.
What do the floorplans look for these houses? And the lot plans. And what is the square footage of the houses themselves? Bd/Br count?
A picture from the front speaks of the attractiveness of the house but we are going to need more information to determine the other things people are concerned about.
And how is an 8000sft lot the same size as a 9000sft lot? There you go with that new math again.
3 car garage in Irvine selling for $1.5 million
Both have same footage similar size yard
They are both resales. Lot sizes are similar as well. One is narrow and deep the other is wide and shallow.
Those of you are trying to apply land mathematic made the wrong assumption I was not referring to new homes.
Mahagony lot width is 60'x150'=9,000sf. The street and Right of Way in front of the home is 60'x57"=3420 sf. The total land used for home and street was 9,000+3420=12,420 sf. Mahogony lot is 1,000 sf bigger
Standard Pacific's Summit project is 80'x100'=8,000sf. The street and right of way in front of the home is 80'x57'=4560 sf.
The total land used for home and street was 8,000+ 4560=12,560 sf. Summits lot is 1,000 sf smaller because the 1,000sf was wasted for the longer street.
Value of the homes are the same because developer calculate the street into the selling price. Both properties has similar yard size. Consumer get a bigger lot at Mahogany. The extra 1,000 sf in Mahagany compensates for IR's comments so the back yard for both are the same.
Both properties are currently listed for $1.5 mil.</blockquote>
Wow... your post-fu is strong. You edited in it the middle of my response.
I was just going to say that by the looks of the pictures... they can't have the same lot size unless the 1st has zero backyard.
And your math is still suspect, you're bringing in right of way and street footage to obfuscate the issue.
What do the floorplans look for these houses? And the lot plans. And what is the square footage of the houses themselves? Bd/Br count?
A picture from the front speaks of the attractiveness of the house but we are going to need more information to determine the other things people are concerned about.
And how is an 8000sft lot the same size as a 9000sft lot? There you go with that new math again.
