Southern California’s Cultural Pathology

Apr 8th, 2007 by IrvineRenter 

Posted in Real Estate Analysis

Enter the Flipper

Apr 7th, 2007 by IrvineRenter 

Posted in House Flips

Chantilly Lace

Apr 6th, 2007 by IrvineRenter 

Posted in House Flips

Aldea - Oak Creek Detached Condo

Apr 5th, 2007 by zovall 

Address: 71 Alevera, Irvine, CA 92618 (Oak Creek)
Plan: 1300 sq ft - 3/2.5
MLS: S472766 DOM: 72
Sale History: 6/10/2005: $621,000
Price Reduced: 02/15/07 -- $675,000 to $655,000
Price Reduced: 03/13/07 -- $655,000 to $645,000
Price Reduced: 04/01/07 -- $645,000 to $635,000
Current Price: $635,000

This home is a Plan 3 detached condo in the Aldea tract built by California Pacific Homes in the village of Oak Creek. The current owners purchased the home in June 2005 for $621,000 and listed it on the market about 18 months later for $675,000. After the reducing the price 3 times, the new asking price is $635,000. Assuming 6% in selling costs, they are looking at a $24,000 loss if they get their asking price.

Let's see how much this exact plan (Plan 3) is listing for around Irvine:

And a Brand NEW Plan 1 at Decada (similar but with more sq ft) in Portola Springs starts at $580,000!


Posted in House Flips

The English Garden

Apr 4th, 2007 by IrvineRenter 

Posted in House Flips

How Bad Could Bad Get?

Apr 2nd, 2007 by IrvineRenter 

Posted in Real Estate Analysis
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